Patrick Regan

Chicago

Managing Editor at Dallas Agent Magazine

Journalist. Former @chicagotribune bureau chief. Also: @MarinMagazine @DailyHerald @DailySouthtown @BeaconNews @NapervilleSun @WCFCourier

Articles

Real estate stocks hold firm during rough week on Wall Street

1 month ago | chicagoagentmagazine.com | Patrick Regan

by Patrick ReganSome of the largest publicly traded real estate companies weathered a difficult week on Wall Street with stock fluctuations that were less dramatic than the market as a whole. Stock prices for some of the largest U.S. real estate firms - Anywhere Real Estate Inc., RE/MAX and eXp World Holdings - were largely flat for the week. Meanwhile, the Dow Jones Industrial Average and Nasdaq Composite both lost about 4% of their value from Monday March 10 through Thursday.
Rocket to acquire Redfin

1 month ago | chicagoagentmagazine.com | Patrick Regan

by Patrick ReganRocket is buying Redfin in a $1.75 billion deal, the companies announced Monday. Rocket is the parent company of Rocket Mortgage and other real estate-related businesses. Its acquisition of Redfin was described as an all stock transaction. "Rocket and Redfin have a unified vision of a better way to buy and sell homes," Varun Krishna, CEO of Rocket Companies, said in a news release.
Illustrated Properties launches sports and entertainment division to serve celebrity clients

1 month ago | southfloridaagentmagazine.com | Patrick Regan

Illustrated Properties has launched a new sports and entertainment division to serve the firm’s high-profile clientele, the company recently announced. The division will cater to sports figures, entertainment professionals and other celebrities, leveraging its marketing and partnerships to serve those clients.
Home closes for a Palm Island record of $45 million

1 month ago | southfloridaagentmagazine.com | Patrick Regan

The largest housing transaction in the history of Palm Island recently closed at $45 million. The home at 40 Palm Ave., was listed by Matthew Dugow at the Carroll Group/Compass. The buyer’s agent was Oliver Lloyd at Douglas Elliman. The island is known for its prime waterfront real estate and famous residents, which have included Al Capone, Nick Nolte, Gloria Estefan, Enrique Iglesias, Barbara Walters and more.
Shant Banosian named president of Rate Mortgage

1 month ago | chicagoagentmagazine.com | Patrick Regan

by Patrick ReganShant Banosian has been selected to lead Rate Mortgage as its new president, the company announced Wednesday. Rate Mortgage is one of 15 organizations that make up Rate Companies, led by CEO and President Victor Ciardelli. Banosian is one of 15 presidents overseeing 10 mortgage companies, two AI technology companies, a title company, an insurance company and a personal lending group. All work directly with Ciardelli.
How clients and companies benefit when brokerages and lenders partner up

1 month ago | chicagoagentmagazine.com | Patrick Regan

by Patrick ReganEfficiency. Synergy. They're business-world buzz words, but they mean a lot to lenders and real estate brokerages that create and maintain partnerships. The goal is a mutually beneficial relationship. Compass and Rate, for example, launched lending company OriginPoint in 2021. Coldwell Banker Realty and Guaranteed Rate Affinity have a similar partnership, with shared ownership. Key Mortgage, an independent and family-owned lender based in Schaumburg, works closely with Baird & Warner.
Shake the doom and gloom, and embrace a better path forward

1 month ago | chicagoagentmagazine.com | Patrick Regan

by Patrick ReganThere's a layer of uncertainty that seems to be hanging over the Chicagoland real estate market. It's a vibe I've noticed at events in the city and suburbs in recent weeks, even as market data says we should be optimistic about a better year in 2025 than the one we had as an industry in 2024.
Women's Council of Realtors Illinois installation

1 month ago | chicagoagentmagazine.com | Patrick Regan

by Patrick Regan Brett Decker Shequlia Shay, First Vice-President; Kathy Szram, Treasurer; Brett Decker, President; Joanne Levicki, President-Elect; Farrah Ollins, State Liaison; Sarah Ruzick, District Vice-President. Jennifer Williams, Joanne Levicki, Kathy Szram, Farrah Ollins, Suzanne Beltran, Brett Decker, Shequila Shay, Keisha Williams, Tiffany Jimenez, Sarah Ruzick, Natasha Murphy, Mallori Locket.
Jameson Sotheby's International Realty welcomes The Kim & Katie Group

1 month ago | chicagoagentmagazine.com | Patrick Regan

by Patrick ReganTop Naperville real estate team The Kim & Katie Group has moved to Jameson Sotheby's International Realty. Kim Marino and Katie Minott lead the group and are joined by Nicole Meyers. They previously affiliated with @properties Christie's International Real Estate. "We joined Sotheby's International Realty because we wanted to elevate our clients' experience with unparalleled global reach, sophisticated marketing and a brand synonymous with luxury," Marino said in a news release.
West Kendall townhome project receives approval - South Florida Agent Magazine

1 month ago | southfloridaagentmagazine.com | Patrick Regan

MMG Equity Partners has received approval to proceed with a retail and townhome project in the West Kendall section of Miami-Dade County. The Miami-Dade County Commission unanimously granted zoning and land-use approvals for the Coral Nest project on Feb. 20. MMG plans to break ground during the third quarter of this year. The 6.5-acre development will include a supermarket, restaurant and 38 luxury townhomes. The two-story residences will be developed by C4 Legacy Builders Group along Coral Way.