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…
U.S. banks highlight office real estate as next big worry
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 of growing concern, with property values falling…
Commercial real estate woes weigh on New York City recovery, NY Fed says
By Michael S. Derby (Reuters) – Ongoing stress in the New York City commercial real estate sector is still creating economic headwinds for the region as it nears a complete recovery from…
Location, location, location: U.S. manufacturing boom has a real estate problem
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 summer as it hunted for a place…
Japan’s MUFG sets emissions targets for real estate, shipping, steel
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 estate, steel and shipping sectors, and said…
Nearshoring bets boost Mexican real estate, transport shares
By Isabel Woodford MEXICO CITY (Reuters) – Investors optimistic about a potential Mexican nearshoring boom have been scooping up stocks in local real estate, transport companies and banks, analysts say, in a…
Dolce & Gabbana plans U.S., Spain and Maldives real estate projects
MILAN (Reuters) – Italian fashion group Dolce & Gabbana said on Monday it would enter the real estate sector, with two residential schemes in the United States and Spain and a hospitality…
Irish banks see commercial real estate revaluations as manageable
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 but said this week conservative underwriting in…
Civil Forfeiture Complaint Filed Against Six Luxury Real Estate Properties Involved In Sanctions Evasion And Money Laundering
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, the Special Agent in Charge of the…
CoStar defeats real estate rival’s antitrust claims in U.S. court
By Mike Scarcella (Reuters) – A California federal judge on Thursday dismissed antitrust claims against commercial real estate information services company CoStar Group Inc, in a feud with an industry rival platform…
CoStar ends talks to buy Move Inc, posts weak profit forecast
(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 revenue that sent its shares down 15%…
General Contractor And Real Estate Developer Plead Guilty In Connection With Worker Death On Construction Site In Poughkeepsie
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 principal, FINBAR O’NEILL, pled guilty to willfully…
Keppel profit slumps on China lockdown, real estate woes; sees green shoots
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 unit, but forecast China’s easing market conditions…
DoubleLine’s Sherman eyes opportunities in real estate
LONDON (Reuters) – Jeffrey Sherman, Deputy CIO at DoubleLine, sees some “pockets” of opportunity in commercial real estate, including offices, after bond markets rallied this year. Sherman, who helps to manage almost…
Missing Real Estate Mogul’s Husband Charged With Her Murder
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 murdering her, Norfolk District Attorney Michael Morrissey…
Financing for Chinese real estate firms jumps 33% year-on-year in Dec
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 state support for the highly indebted sector,…
Real estate broker Compass to cut more jobs to deal with housing downturn
(Reuters) – Real estate broker Compass Inc said on Thursday it would cut more jobs to deal with a downturn in the housing market as it set a target of becoming free…
Blackstone’s real estate fund for wealthy prompts SEC queries – Bloomberg News
(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 estate fund, Bloomberg News reported on Friday,…
Muddy Waters says it is shorting bonds of real estate firm Vivion
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 a report published on its website on…
Russian Intelligence Agent Charged with Fraud and Money Laundering in Connection with Purchase and Use of Luxury Beverly Hills Real Estate
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), bank fraud conspiracy, money laundering conspiracy and…
Hudson County Real Estate Investor Admits Multi-Year Mortgage Fraud Scheme
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 led to over $400,000 in losses, U.S.…
Manulife to outsource Canada real estate services to JLL, resulting in 50 job cuts
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, Canada’s biggest life insurer said Thursday. The…
China’s bank sector issued 2.64 trillion yuan in real estate development loans in Jan-Oct
BEIJING (Reuters) – China’s banking sector issued 2.64 trillion yuan ($369 billion) in real estate development loans and 4.84 trillion yuan in mortgage loans from January to October, China’s banking regulator said…
Real Estate Developer and Attorney Both Admit to Multimillion-Dollar Mortgage Fraud Scheme
TRENTON, N.J. – A New Jersey real estate developer and attorney each admitted today to conspiring to orchestrate a mortgage fraud scheme that led to over $3.5 million in losses, U.S. Attorney…
Santa Clarita Man Sentenced to Nearly 6½ Years in Prison for Stealing $1.7 Million from Investors via His Real Estate ‘Coupon Bond’ Scam
LOS ANGELES – A Santa Clarita resident who invested in real estate and sold “coupon bonds” that promised regular interest payments on top of principal repayment was sentenced today to 77…
In a Landmark Ruling, Mexican Court Upholds U.S. Forfeiture Order Authorizing Seizure of Drug Cartel Leader’s Real Estate
For the first time, a Mexican court has invoked its new civil forfeiture law to authorize the forfeiture of real property located in and around Guadalajara, Mexico pursuant to a request for…
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