The private equity real estate firm Henderson Park, working in partnership with the real estate developer and investor Lowe, has commenced work on the office-to-residential conversion of 1250 Maryland Avenue SW in Washington, DC. Currently known as Portals I, the...
The real estate investment company Kennedy Wilson (NYSE: KW) has partnered with Kenedix, Inc. and Hulic Co. Ltd. on the $173 million acquisition of The Danforth, a 265-unit multifamily community in Seattle. The 16-story Danforth was constructed in 2018 at the...
Belwood Investments, a fractional luxury real estate investing app, announced its acquisition of a residence in Palm Springs, California, with plans to renovate and flip the house within six months. Belwood Investments said it was raising $250,000 from investors to...
Real estate investors accounted for 10.8% of home sellers in 2024, a record high level, according to a new data report from Realtor.com. Last year, 13.0% of homes were bought by investors, a slight increase from 2023 but below the 2022 peak of 13.3%. On the sell side,...
An upstate New York tax preparer and insurance agent was arrested for allegedly operating a massive Ponzi scheme for over three decades that stole more than $50 million from 988 real estate investors. According to the charges brought against him, Miles Burton Marshall...
Palette Hotels, a New York City-based hotel management company, has hired Joseph Yi as its chief investment officer. In his new role, Yi will oversee the firm’s investment platform, grow the company’s corporate-owned and third-party asset management portfolio and lead...
