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August 5, 2021

Most Black Students Don’t Know About CRE. The Industry Is Trying To Fix That

[In-Person] Mark Development & Boylston Properties navigate labor shortages and rising construction costs Aug. 5

When Murphy Cheatham graduated in 2001 from Grambling State University, a Louisiana-based historically Black university, he had never heard of commercial real estate as a potential career path. To him, a career in real estate only meant selling houses.

“I didn’t think about where you go to work, where you learn, where you eat, where you shop or the warehouses your stuff is shipped from as being real estate,” Cheatham said. “I had no idea whatsoever that commercial real estate was even a thing, let alone an industry.”

Most Black Students Don’t Know About CRE. The Industry Is Trying To Fix That

Cheatham, who now finances real estate deals as a partner at Synergy One Lending, began his career at Motorola before working as an accountant for a single-family homebuilder. He was introduced to commercial real estate by a friend whose family owned office buildings, and in 2006, he was part of…

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Former Worcester Housing Official Convicted Of $2.3M Fraud Scheme

Former Worcester Housing Official Convicted Of $2.3M Fraud Scheme

A former Worcester housing official has been convicted by a federal jury for her role in allowing the city to pay $2.3M to a multifamily developer for work that was never done.Jacklyn Sutcivni, the former director of housing for Worcester’s Housing Development Office and Executive Office of Economic Development, allowed…

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CRE Groups Oppose CDC's New Eviction Moratorium

CRE Groups Oppose CDC's New Eviction Moratorium  

A coalition of 11 commercial real estate industry groups including the National Multifamily Housing Council is pushing back against the new 60-day eviction moratorium issued by the Centers for Disease Control and Prevention Tuesday.  The >

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The State Of Illinois Is Getting Its Rental Assistance Dollars Out And May Avoid An Eviction Tsunami

 

CHICAGO — In response to a steep rise in the number of Covid infections, the Biden administration Tuesday extended the moratorium on evictions in most of the country by another two months, a move that will temporarily ease housing advocates’ fears that a wave of evictions was about to sweep the U.S. Those fears were heightened by many states’ inability to deliver federally authorized relief funds, which now total roughly $47B, into the hands of desperate renters, many of whom lost jobs and income due to the coronavirus pandemic.

Now Illinois' head start in getting funds out the door could light the way for other states to follow.

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