Matthew Thomas Onofrio, a Minnesota real estate investor who previously worked as a nurse anesthetist, was sentenced to 36 months in federal prison for carrying out a $420 million bank fraud scheme. According to the charges against him, Onofrio used online...
Phoenix-based Hospitality Capital Partners (HCP), in conjunction with its equity partner National Property Advisors, acquired a portfolio of five Arizona hotels from Service Properties Trust for $72 million. The portfolio encompasses more than 665 rooms consists at...
A coalition of 29 architects has called on Shalom Baranes Associates, the new designer for President Trump’s White House East Wing ballroom, to reject the commission or face potential penalties from the American Institute of Architects (AIA). The Architect’s Newspaper...
Toronto-based Granite Real Estate Investment Trust (TSX: GRT.UN / NYSE: GRP.U) announced its intention to voluntarily delist its trust units from the New York Stock Exchange while remaining actively traded on the Toronto Stock Exchange. The company has its decision...
Provident Industrial, a division of Dallas-based Provident, has acquired 27 acres in Phoenix for the development of Aldea Exchange, a three-building Class A industrial park. According to the company Aldea Exchange will be located in the center of the 101 Corridor...
Avalon Risk Management, a provider of commercial property insurance, is now offering a hurricane insurance product for multifamily and commercial property owners in most Tier 1 wind zones. The Scottsdale, Arizona-based company stated the new product can provide...
Hits and Misses for the Real Estate Week of June 8-12
