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Father-Son Duo Indicted for Fraud in Bond Offerings Tied to Sports Complex

Father-Son Duo Indicted for Fraud in Bond Offerings Tied to Sports Complex

by Phil Hall | Apr 7, 2025 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

A father and son team were indicted for their roles in a scheme to defraud investors of more than $280 million in two municipal bond offerings tied to the construction of the 320-acre Legacy Park sports complex in Mesa, Arizona. Randy Miller is the former chairman and...
Knightvest Capital Names Madison Tappan Chief Investment Officer

Knightvest Capital Names Madison Tappan Chief Investment Officer

by Phil Hall | Apr 7, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Knightvest Capital, a Dallas-headquartered multifamily investment firm, announced the promotion Madison Tappan to chief investment officer. In this role, Tappan will oversee Knightvest’s acquisition strategy and lead efforts to expand the firm’s...
The BW, Los Angeles Apartment Complex, Sells for $58.1 Million

The BW, Los Angeles Apartment Complex, Sells for $58.1 Million

by Phil Hall | Apr 7, 2025 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

The BW, a 78-unit apartment asset with 2,300 square feet of ground floor retail in the Brentwood neighborhood of Los Angeles, has been sold for $58.1 million, or $744,872 per unit. The property was completed and offers a mix of studios, one-, two- and three-bedroom...
Neighborhood Ventures Acquires Foreclosed Phoenix Multifamily Property for $11 Million

Neighborhood Ventures Acquires Foreclosed Phoenix Multifamily Property for $11 Million

by Phil Hall | Apr 7, 2025 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

Neighborhood Ventures, an Arizona-based real estate crowdfunding company, has acquired Venture on 52nd Street, a foreclosed 71-unit multifamily property in the Arcadia neighborhood of Phoenix, for $11 million. The transaction marks the second time Neighborhood...
Morgan Properties Acquires 11-Asset Multifamily Portfolio for $501 Million

Morgan Properties Acquires 11-Asset Multifamily Portfolio for $501 Million

by Phil Hall | Apr 4, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Morgan Properties, the real estate investment and management company headquartered in Conshohocken, Pennsylvania, has acquired a portfolio of 3,054 multifamily units across 11 assets in eight Midwest states from Trilogy Real Estate Group for $501 million. The...
Starwood Capital Group Completes $800 Million Purchase of Portfolio of 11 Master-Planned Communities

Starwood Capital Group Completes $800 Million Purchase of Portfolio of 11 Master-Planned Communities

by Phil Hall | Apr 4, 2025 | News/Current Events, Real Estate Investing, U.S. Housing Market, WRE News Exclusive

A joint venture between an affiliate of Starwood Capital Group and an affiliate of Land Strategies Management (dba Starwood Land) has completed an $800 million acquisition of a portfolio of master-planned communities in Texas from Hines, the real estate investment...
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