The mystery behind the aggressive acquisition of all 138 units and the ground-floor retail space in Miami’s Solaris condominium project has been solved. Bloomberg reports that hedge fund billionaire Ken Griffin has spent the past three years and $125 million to buy...
Two Harbors Investment Corp. (NYSE: TWO), a mortgage servicing rights-focused real estate investment trust, announced that its common stockholders voted to approve the previously announced merger with CrossCountry Mortgage LLC (CCM) during a reconvened Special Meeting...
PRO Real Estate Investment Trust (PROREIT) (TSX: PRV.UN) has completed its $136.8 million acquisition of two industrial portfolios located in Quebec City, Quebec and Winnipeg, Manitoba. The Quebec City portfolio comprises 13 industrial properties totaling 611,924...
The delinquency rate for commercial mortgage-backed securities (CMBS) tumbled by 20 basis points in June to 7.35%, according to new data from Trepp LLC. One year ago, the overall CMBS delinquency rate was 7.13% Trepp attributed the drop to the lodging sector, which...
A Long Island man was charged with grand larceny and scheme to defraud in a series of real estate investment scams that siphoned $100,000 from multiple victims. According to combined media reports, Arnulfo Castillo – who is also known as Alexander Castilllo Carias...
The real estate investment firm Kennedy Wilson has partnered with the Japanese firms Kenedix Inc. and Hulic Co., Ltd. to acquire Carraway, a 421-unit multifamily community in the New York City suburb of West Harrison, New York, for $237 million. The Westchester...
