Dynex Capital Inc. (NYSE: DX), a Glen Allen, Virginia-headquartered real estate investment trust focused on residential and commercial mortgage-backed securities, has promoted Michael Sartori to chief financial officer (CFO). Sartori succeeds Robert Colligan as CFO....
Veris Residential Inc. (NYSE: VRE) a Northeast-focused multifamily real estate investment trust, announced it is being acquired by an investor consortium led by Affinius Capital in partnership with Vista Hill Partners in an all-cash transaction for $19.00 per share of...
A Texas real estate investor behind a $69.5 million fraud scheme pleaded guilty in federal court to one count of wire fraud. Devin Ward Elder was the founder and CEO of the San Antonio-based investment firm DJE Texas Management Group LLC, which was formed in March...
The real estate investment firm Kennedy Wilson Holdings Inc. (NYSE:KW) announced it is being acquired by a consortium led by its CEO William McMorrow and the Toronto-headquartered Fairfax Financial Holdings Limited (TSX: FFH, FFH.U) in an all-cash transaction of...
Massachusetts Gov. Maura Healey has issued an executive order to study allowing single stair construction in some residential buildings, with the goal of changing the state’s building code to increase housing production and lower costs. The state’s building code...
A California real estate investor pleaded guilty to wire fraud in connection with a $9 million fraud scheme. According to court documents, Matthew Campbell of Fresno operated two real estate investment companies, Preferred Property LLC and Ampez Rehab Investments LLC,...
