ScheinMedia acquired UpstateHouse and MetroHouse. Financial details of the transation were not disclosed.

Schein announced his departure from Real Estate Media, parent company of Real Estate Forum and GlobeSt.com, on May 3. At that time he said the new firm would "target acquisitions in a variety of non-urban consumer publications." He also noted that investors were "already in place." Michael G. Desiato was named group publisher and editorial director for REM after Schein's departure.

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