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estate

‘A Horrible Situation’: Kevin O’Leary Predicts Commercial Real Estate Crisis

September 22, 2023

‘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 …

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Real Estate Investor Gets 2 Years for Mortgage Fraud

September 12, 2023
Bars from a prison jail cast a shadow on the floro.

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 …

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Chinese Workers Haven’t Been Paid For Months As Real Estate Market Crumbles

August 23, 2023

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 …

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US Senator Feinstein sues over financial abuse in husband’s estate

August 15, 2023
Us senator feinstein sues over financial abuse in husband's estate - photo licensed by shore news network.

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 …

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Brooklyn Man Admits Guilt in Real Estate Fraud Scheme

August 10, 2023
Brooklyn man admits guilt in real estate fraud scheme - photo licensed by shore news network.

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 …

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UK real estate adviser Savills posts sharp profit drop, shares tank

August 10, 2023
Uk real estate adviser savills posts sharp profit drop, shares tank - photo licensed by shore news network.

(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 …

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Zara founder Ortega’s real estate fortune hit $20 billion in 2022

July 27, 2023July 27, 2023
Zara founder ortega's real estate fortune hit $20 billion in 2022 - photo licensed by shore news network.

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 …

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How hedge funds would trade global real estate woes

July 26, 2023
How hedge funds would trade global real estate woes - photo licensed by shore news network.

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 …

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Factbox-U.S. banks increase reserves for commercial real estate exposure

July 21, 2023
Factbox-u. S. Banks increase reserves for commercial real estate exposure - photo licensed by shore news network.

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 …

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Chinese Billionaire Admits To Bribing Blue City Official To Speed Up Real Estate Project

July 20, 2023

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 …

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S.Korea financial watchdog gathers securities firms to manage real estate risks

July 19, 2023July 19, 2023
S. Korea financial watchdog gathers securities firms to manage real estate risks - photo licensed by shore news network.

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 …

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Warburg Pincus names Asia real estate chief Perlman as president

July 19, 2023

By Kane Wu (Reuters) – Private equity firm Warburg Pincus on Wednesday named its Asia head of real estate Jeffrey Perlman as successor to Timothy …

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Mother and Daughter Ordered to Repay $681,000 to Deceased Elderly Woman’s Estate

July 15, 2023
Mother and daughter ordered to repay $681,000 to deceased elderly woman's estate - photo licensed by shore news network.

BRONX, NY – Maria Garcia, 75, of Seffner, Florida, and Mara Garcia, 39, of Doral, Florida, were sentenced on last Monday, to five years of …

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China central bank extends policies for financial support of real estate market

July 10, 2023July 10, 2023
China central bank extends policies for financial support of real estate market - photo licensed by shore news network.

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 …

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Investigators Probe Texas AG’s Multi-Million Dollar Real Estate Binge: REPORT

June 29, 2023

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 …

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US regulators ask lenders to work with stressed commercial real estate firms

June 29, 2023June 29, 2023
Us regulators ask lenders to work with stressed commercial real estate firms - photo licensed by shore news network.

(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 …

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Factbox-Big banks stand strong against Fed’s commercial real estate gloom

June 28, 2023
Factbox-big banks stand strong against fed's commercial real estate gloom - photo licensed by shore news network.

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 …

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Analysis-HSBC dumps London tower for smaller office as real estate reckoning unfolds

June 26, 2023
Analysis-hsbc dumps london tower for smaller office as real estate reckoning unfolds - photo licensed by shore news network.

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 …

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Woman Accused of Estate Sale Scams in Bethlehem Township

June 22, 2023
Woman accused of estate sale scams in bethlehem township - photo licensed by shore news network.

BETHLEHEM TOWNSHIP, PA – A Hellertown woman, Amy Lynn Richline, has been recently arraigned on multiple charges of theft and deceptive or fraudulent business practices. …

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Two sentenced in Atlantic City real estate fraud scam

May 26, 2023

MAYS LANDING — Two Atlantic County men have been sentenced after pleading guilty to a real estate scam involving fake deeds for properties in Atlantic …

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EU’s Gentiloni sees no risk of EU real estate or debt crisis as rates rise

May 15, 2023
Eu's gentiloni sees no risk of eu real estate or debt crisis as rates rise - photo licensed by shore news network.

BRUSSELS (Reuters) – Europe is not in danger of a real estate or debt crisis as a result of the rapid rise in European Central …

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Suspect Sought in Susquehanna Village Real Estate Company Burglary

May 4, 2023
Suspect sought in susquehanna village real estate company burglary - photo licensed by shore news network.

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 …

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Fund managers at Milken eye fixed income as stocks, real estate lose luster

May 2, 2023
Fund managers at milken eye fixed income as stocks, real estate lose luster - photo licensed by shore news network.

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 …

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China completes landmark national real estate registration system

April 25, 2023
China completes landmark national real estate registration system - photo licensed by shore news network.

BEIJING (Reuters) – China has finished building a national and unified system for real estate registration, the official Xinhua news agency reported on Tuesday, in …

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Commercial real estate loans in core Europe face $55 billion funding gap, report says

April 25, 2023
Commercial real estate loans in core europe face $55 billion funding gap, report says - photo licensed by shore news network.

By Chiara Elisei LONDON (Reuters) – Around one in five loans backing commercial real estate (CRE) in Britain, France and Germany that fall due between …

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Biden’s ‘Green’ Transition Is Already Running Out Of Prime Real Estate For Solar And Wind Projects: REPORT

April 24, 2023
Biden’s ‘green’ transition is already running out of prime real estate for solar and wind projects: report - photo licensed by shore news network.

Biden’s ‘Green’ Transition Is Already Running Out Of Prime Real Estate For Solar And Wind Projects: REPORT John Hugh DeMastri on April 24, 2023 President …

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‘Serious Danger’: Elon Musk Predicts Banking Crisis After Real Estate ‘Anvil’ Drops

April 21, 2023April 20, 2023

‘Serious Danger’: Elon Musk Predicts Banking Crisis After Real Estate ‘Anvil’ Drops Harold Hutchison on April 18, 2023 Tesla CEO Elon Musk said during part …

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Analysis-Banking crisis scars struggling U.S. real estate stocks

April 19, 2023
Analysis-banking crisis scars struggling u. S. Real estate stocks - photo licensed by shore news network.

By Lewis Krauskopf NEW YORK (Reuters) – U.S. real estate stocks are struggling this year after a rough 2022, as fears that banks will tighten …

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Online US real estate firm Opendoor cuts 22% of workforce

April 18, 2023

By Greg Bensinger (Reuters) -Opendoor Technologies Inc on Tuesday said it was cutting roughly 560 jobs, or 22% of the workforce at the online U.S. …

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U.S. banks highlight office real estate as next big worry

April 14, 2023
U. S. Banks highlight office real estate as next big worry - photo licensed by shore news network.

By Matt Tracy and Saeed Azhar (Reuters) – Some of the largest U.S. banks singled out office commercial real estate on Friday as an area …

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Commercial real estate woes weigh on New York City recovery, NY Fed says

April 13, 2023
Commercial real estate woes weigh on new york city recovery, ny fed says - photo licensed by shore news network.

By Michael S. Derby (Reuters) – Ongoing stress in the New York City commercial real estate sector is still creating economic headwinds for the region …

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Location, location, location: U.S. manufacturing boom has a real estate problem

April 13, 2023
Location, location, location: u. S. Manufacturing boom has a real estate problem - photo licensed by shore news network.

By Timothy Aeppel, Ben Klayman and Nichola Groom (Reuters) – Volkswagen’s off-road brand Scout Motors studied 74 different parcels of land across the U.S. last …

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Japan’s MUFG sets emissions targets for real estate, shipping, steel

April 11, 2023
Japan's mufg sets emissions targets for real estate, shipping, steel - photo licensed by shore news network.

By David Dolan and Simon Jessop TOKYO (Reuters) – Japan’s Mitsubishi UFJ Financial Group on Tuesday laid out emissions-cutting targets for lending to the real …

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Nearshoring bets boost Mexican real estate, transport shares 

April 4, 2023
Nearshoring bets boost mexican real estate, transport shares  - photo licensed by shore news network.

By Isabel Woodford MEXICO CITY (Reuters) – Investors optimistic about a potential Mexican nearshoring boom have been scooping up stocks in local real estate, transport …

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Dolce & Gabbana plans U.S., Spain and Maldives real estate projects

April 3, 2023
Dolce & gabbana plans u. S. , spain and maldives real estate projects - photo licensed by shore news network.

MILAN (Reuters) – Italian fashion group Dolce & Gabbana said on Monday it would enter the real estate sector, with two residential schemes in the …

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Irish banks see commercial real estate revaluations as manageable

March 8, 2023
Irish banks see commercial real estate revaluations as manageable - photo licensed by shore news network.

By Padraic Halpin DUBLIN (Reuters) – Ireland’s two dominant banks, AIB Group and Bank of Ireland, expect commercial real estate values to fall this year …

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Civil Forfeiture Complaint Filed Against Six Luxury Real Estate Properties Involved In Sanctions Evasion And Money Laundering

February 26, 2023
Money - lottery winning jackpot.

Damian Williams, the United States Attorney for the Southern District of New York, Andrew C. Adams, the Director of Task Force KleptoCapture, Ivan J. Arvelo, …

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CoStar defeats real estate rival’s antitrust claims in U.S. court

February 24, 2023
Costar defeats real estate rival's antitrust claims in u. S. Court - photo licensed by shore news network.

By Mike Scarcella (Reuters) – A California federal judge on Thursday dismissed antitrust claims against commercial real estate information services company CoStar Group Inc, in …

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CoStar ends talks to buy Move Inc, posts weak profit forecast

February 21, 2023

(Reuters) -CoStar Group said on Tuesday it was no longer in talks to buy Realtor.com owner Move Inc from News Corp and forecast disappointing first-quarter …

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General Contractor And Real Estate Developer Plead Guilty In Connection With Worker Death On Construction Site In Poughkeepsie

February 4, 2023

Damian Williams, the United States Attorney for the Southern District of New York, announced today that ONEKEY, LLC, a New Jersey construction company, and its …

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Keppel profit slumps on China lockdown, real estate woes; sees green shoots

February 2, 2023
Keppel profit slumps on china lockdown, real estate woes; sees green shoots - photo licensed by shore news network.

By Roushni Nair and Sameer Manekar (Reuters) – Singapore’s Keppel Corp posted a steeper-than-expected drop in annual profit on Thursday hurt by its urban development …

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DoubleLine’s Sherman eyes opportunities in real estate

February 2, 2023
Doubleline's sherman eyes opportunities in real estate - photo licensed by shore news network.

LONDON (Reuters) – Jeffrey Sherman, Deputy CIO at DoubleLine, sees some “pockets” of opportunity in commercial real estate, including offices, after bond markets rallied this …

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Missing Real Estate Mogul’s Husband Charged With Her Murder

January 18, 2023
Missing real estate mogul’s husband charged with her murder - photo licensed by shore news network.

Missing Real Estate Mogul’s Husband Charged With Her Murder Trevor Schakohl on January 17, 2023 Authorities charged a Cohasset, Massachusetts, real estate executive’s husband with …

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Financing for Chinese real estate firms jumps 33% year-on-year in Dec

January 8, 2023January 8, 2023
Financing for chinese real estate firms jumps 33% year-on-year in dec - photo licensed by shore news network.

BEIJING (Reuters) – Chinese property companies raised a total of 101.8 billion yuan ($14.9 billion) in December, up 33.4% year on year, driven by more …

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Real estate broker Compass to cut more jobs to deal with housing downturn

January 5, 2023
Real estate broker compass to cut more jobs to deal with housing downturn - photo licensed by shore news network.

(Reuters) – Real estate broker Compass Inc said on Thursday it would cut more jobs to deal with a downturn in the housing market as …

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Blackstone’s real estate fund for wealthy prompts SEC queries – Bloomberg News

December 16, 2022December 16, 2022
Blackstone's real estate fund for wealthy prompts sec queries - bloomberg news - photo licensed by shore news network.

(Reuters) – The U.S. Securities and Exchange Commission (SEC) has reached out to Blackstone Inc following an increase in investors pulling money from its real …

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Muddy Waters says it is shorting bonds of real estate firm Vivion

December 14, 2022

By Nell Mackenzie LONDON (Reuters) – Hedge fund Muddy Waters is shorting the bonds of Luxembourg-based real estate investment company Vivion Investments, it said in …

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Russian Intelligence Agent Charged with Fraud and Money Laundering in Connection with Purchase and Use of Luxury Beverly Hills Real Estate

December 7, 2022
Russian intelligence agent charged with fraud and money laundering in connection with purchase and use of luxury beverly hills real estate - photo licensed by shore news network.

A seven-count indictment was unsealed today in federal court in Brooklyn charging Andrii Derkach with conspiracy to violate the International Emergency Economic Powers Acts (IEEPA), …

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Hudson County Real Estate Investor Admits Multi-Year Mortgage Fraud Scheme

December 5, 2022
Hudson county real estate investor admits multi-year mortgage fraud scheme - photo licensed by shore news network.

NEWARK, N.J. – A Hudson County, New Jersey, real estate investor has admitted conspiring to orchestrate a fraudulent home equity line of credit scheme that …

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Manulife to outsource Canada real estate services to JLL, resulting in 50 job cuts

November 24, 2022

By Divya Rajagopal and Bhanvi Satija (Reuters) -Manulife Financial Corp will outsource its property operations in Canada to focus on its entrepreneurial investment management unit, …

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