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Albertsons Ends Merger Deal and Sues Kroger

Albertsons Ends Merger Deal and Sues Kroger

by Phil Hall | Dec 11, 2024 | Commercial Real Estate News, Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The proposed merger between the supermarket giants Albertsons Companies Inc. (NYSE: ACI) and The Kroger Co. (NYSE: KR) collapsed this morning as Albertsons terminated the merger agreement and filed a lawsuit against Kroger claiming a willful breach of contract and...
RealPage Says DOJ Dropped Antitrust Investigation

RealPage Says DOJ Dropped Antitrust Investigation

by Phil Hall | Dec 9, 2024 | Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The property management software company RealPage Inc. announced it was notified by the Antitrust Division of the US Department of Justice (DOJ) has dropped its criminal investigation into the company’s pricing practices in the multifamily rental housing industry....
Rocket Mortgage Challenges Feds Over Appraisal Independence Rules

Rocket Mortgage Challenges Feds Over Appraisal Independence Rules

by Phil Hall | Dec 5, 2024 | Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

Detroit-headquartered Rocket Mortgage, a part of Rocket Companies (NYSE: RKT), announced that is suing the US Department of Housing and Urban Development (HUD) to correct what is claimed to be “conflicts between the government’s regulations requiring appraiser...
$2.3 Million Settlement in AI-Screening Discrimination Lawsuit

$2.3 Million Settlement in AI-Screening Discrimination Lawsuit

by Phil Hall | Nov 21, 2024 | Current News & Events, Real Estate News, WRE News Exclusive

A federal court has approved a $2.3 million settlement that resolves charges that SafeRent, an artificial intelligence (AI) screening tool used by landlords, used its algorithm scores to determine if a rental housing applicant using vouchers should be approved as a...
Rhode Island Broker Sued Over ‘Foreclosure Rescue’ Scam

Rhode Island Broker Sued Over ‘Foreclosure Rescue’ Scam

by Phil Hall | Nov 14, 2024 | Current News & Events, Real Estate News, WRE News Exclusive

Rhode Island Attorney General Peter F. Neronha has filed a lawsuit against local real estate broker for allegedly violating the state’s Unfair and Deceptive Trade Practices Act. Neronha has accused Kyle Seyboth, founder of the Century 21-affiliated brokerage The...
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