LRES announces industry veteran as new company president | 2018-04-30

LRES, a residential and commercial real estate services company, announced Monday that it promoted Mark Johnson to company president. The company explained that Johnson’s skills have set him apart. After being hired on as the chief strategy officer at LRES, he spearheaded numerous core company initiatives while developing partnerships that the company said are propelling…

Flat-fee real estate tech company Home Bay expands to Colorado | 2018-05-04

Technology-driven real estate company Home Bay Technologies announced on Friday it is expanding to its sixth state: Colorado. Back in July, Home Bay, a San Diego-based startup that offers real estate services for a flat fee, announced that it raised $5 million to fund its growth beyond California. Since then, the company has also made its platform available in…

Private investment in multifamily sector spurs spike in Q1 U.S. investment sales | 2018-05-04

Multifamily sales are up 44% year-over-year in Q1 2018 according to commercial real estate giant Cushman & Wakefield's recent investment outlook. According, to its capital markets overview, Cushman & Wakefield said the hike in multifamily sales made up 31% of the total U.S. investment sales and spearheaded the 7.2% YoY rise the U.S. saw in investment…

Two real estate agents caught behaving badly | 2018-05-04

Going into the weekend, HousingWire is bringing you two stories of real estate agents (allegedly) behaving badly. The first is out in Missouri City, Texas, where police are investigating claims the Halls family hired a Realtor to sell their home, only to have her take ownership and start leasing out the property, according to this article in KHOU11. But here’s the…

Former Cantor Fitzgerald mortgage bond trader found not guilty of securities fraud | 2018-05-03

It has not been a good week in court for the federal government and its pursuit of fraud charges against mortgage bond traders. On Thursday, the Court of Appeals for the Second Circuit tossed the fraud conviction of former Jefferies managing director and mortgage-backed securities trader Jesse Litvak, marking the second time the government has failed in its…