Investor Home Purchases Recorded Biggest Increase in 2 Years
Investor purchases of homes shout up by 3.4% year-over-year in the second quarter, according to new data from Redfin (NASDAQ:RDFN). This marked the largest increase since the second quarter of 2022. Investors acquired $43 billion worth of homes in the second quarter,...
UBS to Close Real Estate Fund Focused on Office Market
The fraying office market has claimed a new victim as UBS Group AG (NYSE: UBS) announced plans to liquidate a flagship real estate fund. Bloomberg reported the CS Real Estate Fund, which the company absorbed in its acquisition of Credit Suisse, had more than 80% of...
SEC Charges Todd Burkhalter and His Firm With $300 Million Real Estate Ponzi Scheme
The Securities and Exchange Commission (SEC) has obtained a preliminary injunction, asset freeze, and other emergency relief against Atlanta-based Drive Planning LLC and its founder and CEO, high-profile investor and author Todd Burkhalter, charging the defendants...
Andrew J. Sossen Rejoins Starwood Capital Group as Senior Managing Director
Starwood Capital Group, a Miami Beach-headquartered private investment firm with a primary focus on real estate, announced that Andrew J. Sossen will rejoin the firm in September as a senior managing director and chief operating officer. Upon his return, Sossen will...
Report: Trump Planning New Real Estate Crypto Project
Former President Donald Trump is reportedly planning a new project that will encourage investment in tokenized Real World Assets (RWA). According to a report in Bitcoinist.com, Trump and his son Donald Trump Jr. are reportedly at work on a crypto project designed to...
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CMBS DELINQUENCY RATE DROPS BY FIVE BASIS POINTS. Learn more at https://wrenews.com/cmbs-delinquency-rate-drops-by-five-basis-points/
JEF CONN NAMED 2024 BOARD CHAIRMAN OF TEXAS REALTORS. Learn more at https://wrenews.com/jef-conn-named-2024-board-chairman-of-texas-realtors/
MBA’S BROEKSMIT EXPRESSES ‘SIGNIFICANT CONCERN’ OVER PAUSING FORECLOSURES ON VA-GUARANTEED LOANS. Learn more at https://wrenews.com/mbas-broeksmit-expresses-significant-concern-over-pausing-foreclosures-on-va-guaranteed-loans/
