Private Equity Firm Bascom Group Acquires New Mexico Multifamily Property
The Bascom Group LLC, an Irvine, California-headquartered private equity firm, has acquired the Overlook Apartments, a multifamily property located in Albuquerque, New Mexico. The 344-unit property was built in 1988 and consists of garden-style apartments. The...
Bryan Crane Joins Carmel Partners as Chief Investment Officer
The real estate investment firm Carmel Partners has announced the hiring of Bryan Crane as chief investment officer and managing partner, effective on Jan. 29. Crane was previously chief investment officer at Veritas Investments after working as president of Veritas...
FTC Shuts Down Real Estate Scam Targeting Spanish-Speaking Consumers
A lawsuit brought by the Federal Trade Commission (FTC) has shut down Ganadores Online and Ganadores Inversiones Bienes Raíces, a scam targeting Spanish-speaking consumers with fraudulent money-making pitches for online businesses and real estate investments. The FTC...
Neil Wolitzer Tapped to Run Evercore’s Real Estate Investment Banking Group
Evercore (NYSE: EVR), a New York City-based investment banking advisory firm, has hired Neil Wolitzer as a senior managing director in the real estate investment banking group. Wolitzer was formerly a partner and managing director in the real estate investment banking...
Lion Real Estate Group Acquires Dallas-Area Multifamily Property
Lion Real Estate Group, an investment firm focused on multifamily properties in the Sun Belt states, has acquired District 2308, a Class B 240-unit multifamily property located in Arlington, Texas. The financial terms of the acquisition were not disclosed. The company...
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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/
