Nick Pipitone

Pennsylvania

Staff Writer at Propmodo

Senior Digital PR and Content Marketing Manager at Green Flag Digital

Writer and Author at Freelance

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Articles

Is Washington Finally Ready to Let Go of Fannie and Freddie?

1 week ago | propmodo.com | Nick Pipitone

After more than 15 years in federal conservatorship, Fannie Mae and Freddie Mac are once again at the center of a political and financial tug-of-war. President Trump ignited market enthusiasm last week with a series of social media posts declaring his intent to take the mortgage giants public. "Fannie Mae and Freddie Mac are doing very well, throwing off a lot of CASH, and the time would seem to be right," Trump wrote May 21st on his Truth Social platform.
Chicago Landlords Win Big on Tax Appeals-At Homeowners' Expense

1 week ago | propmodo.com | Nick Pipitone

Chicago's commercial landlords recently scored another victory in their long-running property tax battle. For 2025, they'll cover 46% of the city's property tax burden, down from 49% last year, after a wave of appeals slashed valuations on high-value buildings. Initially, Cook County Assessor Fritz Kaegi's office had pegged commercial values as outpacing residential, shifting more of the tax load to landlords.
Why A Congressional Lifeline Won't Solve All Of RealPage's Legal Troubles

1 week ago | propmodo.com | Nick Pipitone

RealPage, the embattled rental data firm under fire for its algorithmic pricing software, may have found some unlikely relief. It's not from the courts, but buried in the fine print of the new, sweeping House tax bill. The legislation, passed last week, includes a provision that would bar state and local governments from regulating artificial intelligence and automated decision-making systems for a full decade.
A $4.85M Townhouse, a Tiny Plaque, and a Statement on NYC's Housing Crisis

1 week ago | propmodo.com | Nick Pipitone

A gleaming white townhouse in Brooklyn's Clinton Hill has recently become an unexpected symbol of New York City's housing crisis. Designed by Swiss architect Inès Lamunière, the five-story home, set on a former gas station lot, is a stark contrast to the surrounding brownstones. Its bright orange doors and massive windows demand attention.
Florida Condo Law Revision Seeks Affordability, But At What Risk?

2 weeks ago | propmodo.com | Nick Pipitone

Florida lawmakers are trying to balance safety and solvency by reshaping one of the state's most sweeping post-disaster building reforms. This week, Governor Ron DeSantis announced plans to sign House Bill 913, a measure that rewrites parts of the state's landmark condo safety legislation passed after the deadly 2021 Surfside collapse.
Rite Aid Leaves Landlords In The Dark On Store Sales

2 weeks ago | propmodo.com | Nick Pipitone

As Rite Aid winds down operations following its bankruptcy, uncertainty is mounting for landlords. The company has agreed to sell prescription files from most of its 1,200 stores, with CVS acquiring the data from 625 stores. But CVS will assume only 64 physical locations across three states, and neither party has disclosed which locations are involved. That opacity is drawing legal pushback.
Nightingale Properties CEO Gets Hefty Sentence for CrowdStreet Fraud

2 weeks ago | propmodo.com | Nick Pipitone

Back in 2022, the real estate crowdfunding platform CrowStreet raised $63 million from investors for two real estate deals, one in Atlanta and one in Miami. Unbeknownst to them, roughly $54 million of that money was being diverted into accounts controlled by partner company Nightingale Properties. Once investigated it was found that Nightingale's CEO, Elie Schwartz, had used much of the money to buy himself, including a Miami condo, art, and high-end watches.
NYC's LL97 Rollout Shows the Tough Road Ahead for Energy Efficiency Regulations

2 weeks ago | propmodo.com | Nick Pipitone

Since it was passed in 2019, New York City's Local Law 97 has been regarded as the nation's model for building performance standards. The ambitious rule sets strict carbon caps on large buildings and charts a course to city-wide net-zero emissions by 2050. But with enforcement finally beginning this year, the law is entering a new phase marked by financial uncertainty, political headwinds, and operational complexity for commercial landlords. June 30 marks a critical milestone for Local Law 97.
AvalonBay Rebalances Portfolio As Job Market Jitters Mount in D.C.

2 weeks ago | propmodo.com | Nick Pipitone

AvalonBay Communities is feeling the tremors of federal volatility close to home. On its recent earnings call, CEO Ben Schall acknowledged the economic uncertainty of Trump-era policy shifts but emphasized AVB's strong balance sheet and strategic positioning. While the company's D.C.-area assets remain stable, with steady occupancy and a drop in lease breaks, COO Sean Breslin noted rising anxiety among D.C. residents, 12% of whom are government employees.
The Multifamily Amenity Race Moves To The Mailroom

2 weeks ago | propmodo.com | Nick Pipitone

No longer relegated to back hallways and basement corners, the multifamily mailroom is getting a high-profile makeover. In some multifamily properties, what was once a purely functional space is being reimagined as a hybrid lounge, coworking nook, and unexpected centerpiece in the amenity landscape. Pandemic-era behavior shifts, rising e-commerce demand, and new regulatory pressures have driven this transformation.