Weekly Real Estate News

06/05/2026

Bill Pulte gets a new job, a social media-savvy realtor helps a Texas mayor, and a new video on the data center sector racks up hits on YouTube. From the wild and wooly world of real estate, here are our Hits and Misses for the week of June 1-5.

Miss: An Intelligence Surprise. It what must be considered the most extreme possible case of thinking outside of the box, President Trump has named Bill Pulte, the director of the Federal Housing Finance Agency (FHFA), to replace Tulsi Gabbard as acting director of national intelligence. Trump declared that his unlikely pick “has deep experience managing the most sensitive matters in America, the safety and soundness of the Markets, and over 10 Trillion Dollars at Fannie Mae/Freddie Mac, a substantial increase from where it was just 12 months ago.” However, he never worked a day of his life in the intelligence sector.

Bill Pulte gets a new job, a social media-savvy realtor helps a Texas mayor, and a new video on the data center sector racks up hits on YouTube in this week's Hits and Misses.

06/05/2026

The Chicago Bears have decided to move forward with a plan to relocate from Illinois to Indiana.

In a joint statement, Bears Chairman George McCaskey and CEO Kevin Warren declared, “Yesterday, the Chicago Bears Board of Directors met and voted to advance our stadium development project in Hammond, Indiana, with the exact site to be selected. We believe a world-class stadium project in Hammond will transform the region, connecting Northwest Indiana to the South Side of Chicago through the Loop and across neighborhoods and suburbs stretching north of the city. It will bring Chicagoland together and deliver new opportunities to its residents and businesses.”

Indiana Gov. Mike Braun, who lobbied aggressively to bring the team across the state line, issued a statement that said, “Hoosiers, help me welcome the Chicago Bears to our great state!

The Chicago Bears have decided to move forward with a plan to relocate from Illinois to Indiana.

06/05/2026

Bill Pulte gets a new job, a social media-savvy realtor helps a Texas mayor, and a new video on the data center sector racks up hits on YouTube. From the wild and wooly world of real estate, here are our Hits and Misses for the week of June 1-5.

Miss: An Intelligence Surprise. It what must be considered the most extreme possible case of thinking outside of the box, President Trump has named Bill Pulte, the director of the Federal Housing Finance Agency (FHFA), to replace Tulsi Gabbard as acting director of national intelligence. Trump declared that his unlikely pick “has deep experience managing the most sensitive matters in America, the safety and soundness of the Markets, and over 10 Trillion Dollars at Fannie Mae/Freddie Mac, a substantial increase from where it was just 12 months ago.” However, he never worked a day of his life in the intelligence sector.

No Results Found The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.

06/05/2026

Frank Cassidy has announced he has stepped down as commissioner of the Federal Housing Administration (FHA) and Assistant Secretary for Housing.

Cassidy joined the Department of Housing and Urban Development in April 2025 and was confirmed by the Senate as FHA commissioner last December. In a LinkedIn post, he called his service in the Trump administration “the honor of a lifetime” and said he would be returning the private sector and “get back to my passion of doing deals.”

“After a long year commuting between Philadelphia and Washington DC, I’m looking forward to spending more time with my family—especially my wife and our one-year-old daughter, Margot,” he stated. “I wish HUD continued success as it begins its next chapter in its new Virginia headquarters.”

Before joining the administration, Cassidy was senior managing director at Walker & Dunlop, and earlier in his career he held vice president positions at Newmark Knight Frank and Berkeley Point Capital.

Frank Cassidy has announced he has stepped down as commissioner of the Federal Housing Administration (FHA) and Assistant Secretary for Housing.

06/05/2026

UWM Holdings Corp. (NYSE: UWMC) has issued a new plea to stockholders of Two Harbors Investment Corp. (NYSE: TWO) to cancel the company’s planned merger with CrossCountry Mortgage LLC (CCM).

In an open letter to Two Harbors stockholders, UWM Corporate Secretary Adam Wolfe accused the company’s leadership of “prolonging their misguided attempt to salvage an inferior CCM deal that has twice failed to garner the necessary stockholder support” while continuing to “wear down stockholders into accepting a less valuable transaction.”

Wolfe reiterated his company’s proposal to acquire all outstanding Two Harbors shares for $12.50 per share in cash or, if the stockholder prefers, 2.3328 shares of UWM stock. He also added his company is ready to sweeten the deal further.

No Results Found The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.

06/05/2026

TPG Real Estate, a San Francisco-based alternative asset management firm, was joined by three investment partners in acquiring ECHO Realty, an owner/operator of grocery-anchored retail real estate, in a transaction valued at approximately $2 billion.

Pittsburgh-headquartered ECHO owns and operates approximately 230 retail centers located across the Midwest and Southeast, anchored by major retailers including Giant Eagle, Publix, Harris Teeter Supermarkets, Safeway, ACME Markets, Whole Foods Markets, and Alimentation Couche-Tard (GetGo). ECHO’s integrated capabilities span the full retail property lifecycle, from acquisitions and development to leasing and property management. To date, ECHO has acquired and developed more than 16 million square feet of neighborhood and regional centers.

No Results Found The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.

06/05/2026

Terreno Realty Corp. (NYSE: TRNO) has acquired a San Francisco industrial property for approximately $25.9 million.

The 3.8-acre property is an industrial distribution building in the city’s India Basin section. It encompasses approximately 65,000 square feet provides 17 dock-high and 10 grade-level loading positions and parking for 95 cars.

The building is 100% leased to four tenants all of which expire by May 2031. The estimated stabilized cap rate is 5.5%.

Terreno acquires, owns and operates industrial real estate in six major coastal markets: New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle and Washington, DC.

Photo via JLL Properties

No Results Found The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.

06/05/2026

A realtor in Bozeman, Montana, has come under criticism for a social media post that was viewed as racist toward Native Americans.

According to combined media reports, Amanda Caldwell, a land and ranch acquisition specialist with Montana Life Real Estate, shared a video to her Facebook post showing a woman on horseback. The video had a text overlay that read: “‘Finally a scenic spot that isn’t filled with Indians’ – Some guy in 1821, and also me in 2026.”

Caldwell’s posting was spotted and shared by Blackfeet filmmaker Ivan McDonald, generating a backlash within Montana’s Native American community. Caldwell responded to the negative feedback by removing the video, deleting her Facebook, and issuing a lengthy apology, claiming she shared the video “without fully considering what it meant. There was no ill intent behind it toward anyone, but intent does not undo impact.

A realtor in Bozeman, Montana, has come under criticism for a social media post that was viewed as racist toward Native Americans.

06/05/2026

A South Florida real estate agent and her two daughters were killed by her ex-husband, who then took his own life.

The New York Post reports that Melanie Hyer and her daughters Savannah, 11, and Sienna, 8, were found dead in her home within a gated community in Doral, Florida. Hyer’s ex-husband, Ryan Charles Whiten, was also found dead at the scene.

Police said it is uncertain how long the bodies were in the home when they were discovered on Tuesday. All four family members died from multiple stab wounds.

“The investigation revealed that Mr. Whiten committed these heinous acts and then took his own life,” police officials said.

Hyer and Whiten were separated years earlier and each had married other people after their divorce. Hyer, who had divorced her second husband three months ago, was co-parenting with Whiten at the time of their deaths.

06/05/2026

A New York City attorney with a suspended license was indicted for collectively stealing more than $1 million from two borrowers at mortgage refinancings and from Dime Community Bank by writing bad checks.

According to the charges brought against him, Jose Polanco worked as a “bank closer” for a law firm based in the Jackson Heights section of Queens from January to March of this year. His duties included ensuring that documents were executed and checks properly distributed at borrowers’ loan closings.

However, Polanco allegedly issued insufficient funds checks for more than $400,000 in loan proceeds at two refinancing closings. One victim lost approximately $212,000 from a $300,000 mortgage refinancing, funds that were supposed to be paid to various creditors. Another victim lost approximately $193,000 on a mortgage refinancing. Both victims are liable for the original loan and the amount owed on the refinancing, and they are attempting to work out solutions with the lenders.

A New York City attorney with a suspended license was indicted for collectively stealing more than $1 million from two borrowers at mortgage refinancings and from Dime Community Bank by writing bad checks.