The delinquency rate for commercial mortgage-backed securities (CMBS) rose for the first consecutive month during July, with a 10-basis-point uptick to 7.23%. Year over year, the overall CMBS delinquency rate is up 180 basis points from 5.23%. According to data from...
Wesley LePatner, who became CEO of Blackstone Real Estate Income Trust (BREIT) in January, was killed by a gunman in yesterday’s shooting rampage at the 345 Park Avenue office tower in Midtown Manhattan. She was 43. LePatner succeeded the retiring Frank Cohen at the...
International buyers purchased 49% of new South Florida construction, pre-construction and condo conversion sales over an 18-month period ending in June, according to a data report released by Miami Realtors. Roughly 86% of the global sales of South Florida new...
A South Carolina woman who defrauded investors with a phony residential development will be serving both federal and state prison terms. Samantha A. Nottingham pleaded guilty on Tuesday to financial identity fraud, financial transaction card fraud, obtaining goods...
Neighborhood Ventures, an Arizona-based real estate crowdfunding company, has announced the launch of Venture on Maryland, a 78‑unit multifamily community in Central Phoenix, into its Arizona Multifamily Opportunistic Fund. The property was acquired through a...
An Ohio real estate agent who gained an online following through his podcasts and social media messaging was sentenced to six years in federal prison for orchestrating a real estate Ponzi scheme that absorbed over $7.3 million from at least 63 victims nationwide....
