The Florida Department of Law Enforcement (FDLE) announced the arrest of 74-year-old Jerald Benjamin Clawson on one count each of organized scheme to defraud and the unlawful use of unregistered securities in a Ponzi-style scheme. The FDLE said it began its...
MG Properties, a San Diego-headquartered real estate investment firm specializing in multifamily properties, has expanded into the Texas market with the acquisition of Ovation at Galatyn Park, a luxury apartment community located in the Dallas suburb of Richardson,...
Broadshore Capital Partners, a Los Angeles-headquartered real estate investment and advisory firm, announced that its management team led by CEO Brad Howe acquired the majority ownership interest formerly held by The Guardian Life Insurance Company of America. With...
The Irvine, California-headquartered real estate investment company CIP Real Estate announced its acquisition of three industrial parks in Florida for a combined price of $66.45 million. The acquired properties include a 26-acre industrial infill land Tampa, where...
The delinquency rate for commercial mortgage-backed securities (CMBS) was up for the sixth consecutive month in August, rising six basis points to 7.29%. Year-over-year, the overall CMBS delinquency rate has increased by 185 basis points from 5.44%. According to data...
RAK Properties, the UAE real estate developer, has announced a partnership with the fintech Hubpay that will enable its international clients to purchase property using cryptocurrencies. According to the company, clients can now buy property in the Ras Al Khaimah real...
