WRE News

1 week ago | wrenews.com | Phil Hall

Share this article! Placemakr, a flexible-use hospitality and multifamily operator, has launched of its first Utah property in Salt Lake City. Placemakr Salt Lake City at Brix will offer 100 studio, one, and two-bedroom units available for residential leasing and 45 fully furnished hospitality units available for short-term stays.

1 week ago | wrenews.com | Phil Hall

Share this article! Home sales across Canada were down in March by 4.8% from the previous month and were down 9.3% from one year earlier, according to data from the Canadian Real Estate Association (CREA). National home sales are now down 20% from their recent high recorded last November while sales were at their lowest level for March since 2009.

1 week ago | wrenews.com | Phil Hall

Share this article! Security Properties, in partnership with RGA ReCap Inc. on behalf of Reinsurance Group of America Inc., has acquired Seattle’s 100-unit property Henry Apartments for $34.7 million. Henry Apartments was built in 2017, and Security Properties is planning a targeted renovation program building upon the property’s existing high-end finishes while enhancing the amenity offerings to further elevate the resident experience.

1 week ago | wrenews.com | Phil Hall

Share this article! First American Financial Corporation (NYSE: FAF) has promoted Chief Financial Officer (CFO) Mark E. Seaton to CEO. Seaton replaces Kenneth DeGiorgio, who departed the company after news broke that he was arrested in Puerto Rico for choking a passenger who insulted his wife on a cruise ship. Seaton served as CFO since 2013 and also oversaw First American Trust, the company’s federally charted bank, and the company’s technology group. Treasurer Matt F.

1 week ago | wrenews.com | Phil Hall

Share this article! Federal Housing Finance Agency (FHFA) Director Bill Pulte has announced his agency is establishing a tip line for the reporting of mortgage fraud activity. In a series of posts on X, Pulte declared this will be part of an increased effort by the FHFA to combat mortgage fraud. “There is no room for fraud in our mortgage markets. None,” he wrote. “We will continue to root out frauds and cheats wherever we find it. No one and no company is above the law – no one.