The head of a New York City commercial real estate investment firm pleaded guilty for coordinating a fraud scheme that siphoned $62.8 million from more than 800 investors. Elchonon “Elie” Schwartz, in his role as the CEO of Nightingale Properties, solicited...
One month after its second bankruptcy filing within a year, the craft retailer Jo-Ann is preparing to close approximately 530 stores across more than 40 states. Nexstar reports the company planned to keep all its roughly 800 stores open throughout the bankruptcy...
The Department of Homeland Security (DHS) has confirmed it has successfully clawed back the $59 million from an unauthorized transfer to New York City hotels that are housing illegal immigrants. The Federal Emergency Management Agency (FEMA) suspended the payments...
Commercial and multifamily mortgage borrowing and lending is expected to rise to $583 billion this year, according to an updated forecast from the Mortgage Bankers Association (MBA). This represents a 16% increase from 2024’s estimated total of $503 billion....
The Department of Homeland Security (DHS) has fired four employees of the Federal Emergency Management Agency (FEMA) for making an unauthorized transfer of $59 million to New York City hotels housing illegal immigrants. DHS released a statement to Fox News announcing...
Meridian Senior Living, a Bethesda, Maryland-headquartered owner/operator of seniors housing communities, has acquired of Pine Grove Crossing, a 127-unit senior living community in Parker, Colorado, through a joint venture with an unnamed state pension fund investor....
