‘A Horrible Situation’: Kevin O’Leary Predicts Commercial Real Estate Crisis Harold Hutchison on September 21, 2023 “Shark Tank” star Kevin O’Leary predicted that a commercial real estate crisis caused by…
NEWARK, NJ – Anthony Garvin, a 53-year-old real estate investor from Jersey City, was sentenced to 24 months in prison today for his role in a home equity line of…
Chinese Workers Haven’t Been Paid For Months As Real Estate Market Crumbles Will Kessler on August 23, 2023 Workers for a major Chinese developer are going without pay, and job…
By Kanishka Singh WASHINGTON (Reuters) – U.S. Democratic Senator Dianne Feinstein has filed a lawsuit alleging financial elder abuse and breach of trust by the trustees of her late husband’s…
BROOKLYN, NY – District Attorney Eric Gonzalez announced on Wednesday that Derrick Johnson, a.k.a. Jay Rendell, 60, of Clinton Hill, Brooklyn, has pleaded guilty to grand larceny in relation to…
(Reuters) – Savills Plc posted a sharp drop in half-yearly profits on Thursday as rising interest rates hit trading volumes, sending the British real estate adviser’s shares down nearly 9%.…
MADRID (Reuters) – The investment firm of Spanish billionaire Amancio Ortega, the founder of fashion giant Inditex, on Thursday reported a 2.8 billion-euro jump in the market value of its…
By Nell Mackenzie and Carolina Mandl LONDON/NEW YORK (Reuters) – Property markets knocked by high interest rates and the end of cheap financing have caught the eye of hedge funds.…
By Matt Tracy (Reuters) – The U.S. commercial property market has faced severe challenges since the pandemic due to lingering office vacancies, diminished retail activity and higher interest rates. That…
Chinese Billionaire Admits To Bribing Blue City Official To Speed Up Real Estate Project Brandon Poulter on July 20, 2023 A Chinese property tycoon admitted to bribing a California government…
SEOUL (Reuters) – South Korea’s financial market watchdog gathered local securities firms on Thursday to assess real estate-related risks and urged for thorough and preemptive preparation against them amid concerns…
By Kane Wu (Reuters) – Private equity firm Warburg Pincus on Wednesday named its Asia head of real estate Jeffrey Perlman as successor to Timothy Geithner as president. Geithner, who…
BRONX, NY – Maria Garcia, 75, of Seffner, Florida, and Mara Garcia, 39, of Doral, Florida, were sentenced on last Monday, to five years of probation and 500 hours of…
BEIJING (Reuters) – China’s central bank on Monday extended until the end of 2024 some policies in a November rescue package to shore up the real estate sector, with current…
Investigators Probe Texas AG’s Multi-Million Dollar Real Estate Binge: REPORT Mary Lou Masters on June 29, 2023 Investigators have widened the scope of their impeachment probe into suspended Republican Attorney…
(Reuters) – U.S. banking regulators are asking lenders to work with credit-worthy borrowers that are facing stress in the commercial real estate market. Financial institutions should work “prudently and constructively”…
By Michelle Price WASHINGTON (Reuters) – Big U.S. banks’ commercial real estate portfolios put in a surprisingly good performance during the Federal Reserve’s annual health checks, with losses declining slightly…
By Iain Withers and Chiara Elisei LONDON (Reuters) – HSBC’s move to ditch its 45-floor Canary Wharf tower in favour of a much smaller development in central London is one…
BETHLEHEM TOWNSHIP, PA – A Hellertown woman, Amy Lynn Richline, has been recently arraigned on multiple charges of theft and deceptive or fraudulent business practices. Bethlehem Township Police Department, in…
MAYS LANDING — Two Atlantic County men have been sentenced after pleading guilty to a real estate scam involving fake deeds for properties in Atlantic City. Richard Toelk Jr., 54,…
BRUSSELS (Reuters) – Europe is not in danger of a real estate or debt crisis as a result of the rapid rise in European Central Bank interest rates, Economic Commissioner…
PHILADELPHIA, PA – The Central Detective Division in Philadelphia is seeking the public’s assistance in identifying an individual involved in a recent burglary at Susquehanna Village Real Estate Company. On…
By Svea Herbst-Bayliss and Carolina Mandl BEVERLY HILLS (Reuters) – Prominent investors including hedge fund and private equity managers at a major industry conference say they are shying away from…
BEIJING (Reuters) – China has finished building a national and unified system for real estate registration, the official Xinhua news agency reported on Tuesday, in a landmark move that will…
By Chiara Elisei LONDON (Reuters) – Around one in five loans backing commercial real estate (CRE) in Britain, France and Germany that fall due between now and 2025 are likely…