BlackRock Inc. (NYSE: BLK) announced it is acquiring ElmTree Funds, a St. Louis-based net-lease real estate investment firm with $7.3 billion in total assets under management. The financial details of the acquisition were not disclosed. Founded in 2011, ElmTree has...
The Dubai Land Department (DLD) has signed a memorandum of cooperation with the Singapore-based cryptocurrency platform Crypto.com for the creation of a digital investment environment for virtual real estate assets. Under the terms of the agreement, procedures will be...
Dallas-based Black Opal Insurance has launched a specialized insurance platform designed for real estate investors. According to the company, the new offering will simplify the insurance process for investors managing fix-and-flips, annual rentals, ground-up...
The commercial mortgage-backed securities (CMBS) delinquency rate rose by 5 basis points in June to 7.13%, according to new data from Trepp Inc. The overall delinquent balance was $42.3 billion this month, down from $42.6 billion in May, while the outstanding balance...
The Securities and Exchange Commission (SEC) has charged Robynne Alexander, a real estate developer based in Manchester, New Hampshire, with defrauding investors through schemes that resulted in at least $3 million in losses. According to the SEC’s complaint,...
Walker & Dunlop Inc. (NYSE: WD), the Bethesda, Maryland-headquartered commercial real estate finance and advisory services firm, has secured $170 million to refinance Post District, a mixed-use complex located in Downtown Salt Lake City. Post District opened in...
A Phil Hall Op-Ed: Wherefore Art Thou, Bill Pulte?
