Melville lawyer accused of stealing over $400K from real estate deal
SUFFOLK COUNTY, NY – A Long Island attorney was arrested Friday on charges that he stole more than $413,000 meant to pay off a client’s loan during a real estate closing. Prosecutors…
Cloud Hangs Over Commercial Real Estate As Trillions In Debt Set To Come Due
Cloud Hangs Over Commercial Real Estate As Trillions In Debt Set To Come Due Will Kessler on January 17, 2024 Commercial real estate is facing a mountain of debt that many borrowers…
Sixth Street appoints Alvarado to run US real estate investments
By David French (Reuters) – Sixth Street has appointed Marcos Alvarado as its head of U.S. real estate, according to a statement on Tuesday, as it seeks further investments in a sector…
South Korea to step up monitoring of real estate projects
SEOUL (Reuters) – South Korea’s financial authorities will step up monitoring of real estate projects, the finance ministry said in a statement on Friday. There are lingering concerns over real estate projects,…
Ashli Babbitt’s Husband and Estate File Lawsuit Against U.S. Government Over Capitol Shooting
SAN DIEGO, CA – The husband and estate of Ashli Babbitt, who was killed during the January 6, 2021, Capitol riot, have filed a lawsuit against the U.S. government. The lawsuit argues…
Philadelphia Region Real Estate Market Sees Shift in November 2023
DEVON, PA – The latest HomExpert Report by Berkshire Hathaway HomeServices Fox & Roach, REALTORS® reveals significant changes in the Greater Philadelphia real estate market for November 2023. The report covers 12…
New US rule targeting real estate money laundering reaches White House review
NEW YORK (Reuters) – A long-awaited U.S. rule aimed at curbing money laundering in real estate has reached a key White House office for review, the final hurdle for it to clear…
Riverhead Attorney Charged with Embezzlement During Real Estate Transaction
SUFFOLK COUNTY, NY – Suffolk District Attorney Raymond A. Tierney announced the arrest of Riverhead attorney Peter A. Saad, Jr., 46, on Wednesday. Saad faces charges of Grand Larceny in the Third…
Two Additional Defendants Charged in $26 Million Real Estate Scam
Two more defendants have been charged for scamming Chinese investors out of more than $26 million, announced U.S. Attorney for the Northern District of Texas Leigha Simonton. Stephen Wall, 65, and Saskya…
China’s Powerlong Real Estate warns of debt default risk
(Reuters) – Powerlong Real Estate said on Wednesday its cash on hand and bank deposits would not be enough to cover existing and future debt, making it the latest Chinese property developer…
Donald Trump Jr. testifies about ‘sexiness’ of father’s real estate
By Jack Queen (Reuters) -Donald Trump Jr. testified on Monday about what he called the “sexiness” of his father’s real estate portfolio, in his second time taking the stand in the former…
Manhattan real estate brokerages are sued for inflating commissions
By Jonathan Stempel NEW YORK (Reuters) – A lawsuit filed on Monday accuses the Real Estate Board of New York (REBNY) and more than two dozen brokerages and companies of conspiring to…
Analysis-Liquidity gridlock worsens in US commercial real estate sector
By Shankar Ramakrishnan (Reuters) – Private lenders, in pole position as high interest rates leave them as the sole option for many in the commercial real estate market (CRE), are turning more…
Private credit sees opportunity in Australia real estate as banks hesitate
By Lewis Jackson and Rae Wee SYDNEY (Reuters) – Private credit lenders are increasing their footprint in parts of the Australian commercial property market, providing alternatives for borrowers as banks scale back…
Brookfield fires real estate brokerage Cushman from handling its US listings
TORONTO (Reuters) – Canada’s Brookfield Asset Management has fired Cushman & Wakefield from handling its office and logistics listings in the United States, a spokesperson for the real estate brokerage firm confirmed…
$6,000,000 Luxury Waterfront Estate in Brick Township Overlooks the Metedeconk River
BRICK, NJ — A three-day auction for a luxury riverfront estate on Princeton Avenue in Brick Township concluded on October 26, apparently without a sale. The property, named Princeton Shores, had been…
Remote Work Opportunities Are a Game Changer for New Jersey Real Estate Market
FREEHOLD, NJ – The shift to remote working continues to leave a significant imprint on New Jersey’s real estate market. A surge in home purchases and rentals outside traditional commercial hubs underlines…
Inflation, commercial real estate among top financial stability concerns -Fed survey
By Pete Schroeder WASHINGTON (Reuters) -The chance for persistent inflation to keep interest rates higher and potential losses in the commercial real estate market are among the top concerns of respondents to…
New Jersey Real Estate Investor and Online Influencer Charged with Multimillion-Dollar Investment Fraud Scheme
NEWARK, NJ. – A New Jersey real estate investor and influencer was arrested today for committing a multimillion-dollar Ponzi-like investment fraud scheme, U.S. Attorney Philip R. Sellinger announced. Cesar Humberto Pina, 45,…
Former FBI Special Agent and D.C. Real Estate Developer Sentenced for Role in Bribery Schemes
WASHINGTON – David Paitsel, 42, a former FBI agent, and Brian Bailey, 53, a D.C. real estate developer were sentenced today on bribery and conspiracy charges…
European shares fall for fifth day as real estate stocks tumble
By Bansari Mayur Kamdar and Sruthi Shankar (Reuters) -European shares fell for a fifth day in a row on Wednesday, with real estate stocks hammered by bearish brokerage comments on UK landlords,…
Real estate stocks extend losses as rates soar
By Sinéad Carew (Reuters) – Shares in real estate companies fell on Friday, adding to a massive sell-off the previous day, when bond yields jumped to their highest levels in 16 years…
‘A Horrible Situation’: Kevin O’Leary Predicts Commercial Real Estate Crisis
‘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 high interest…
Real Estate Investor Gets 2 Years for Mortgage Fraud
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 credit fraud…
Chinese Workers Haven’t Been Paid For Months As Real Estate Market Crumbles
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 sites are…
US Senator Feinstein sues over financial abuse in husband’s estate
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 estate, with…
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