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New York Tax Preparer Arrested for Real Estate Investment Fraud Scheme

New York Tax Preparer Arrested for Real Estate Investment Fraud Scheme

by Phil Hall | Jun 10, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

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...
Joseph Yi Named Chief Investment Officer at Palette Hotels

Joseph Yi Named Chief Investment Officer at Palette Hotels

by Phil Hall | Jun 5, 2025 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

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...
Fund Manager APS Buys $3.4 Million in Tokenized Real Estate on MetaWealth Platform

Fund Manager APS Buys $3.4 Million in Tokenized Real Estate on MetaWealth Platform

by Phil Hall | Jun 5, 2025 | International Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The British-headquartered fund manager APS Group has become the first institutional investor to directly acquire tokenized real estate assets through the MetaWealth blockchain-based investment platform. Cointelegraph reports APS purchased $3.4 million in tokenized...
Reynolds Asset Management Acquires 2 Cleveland Multifamily Communities for $30.6 Million

Reynolds Asset Management Acquires 2 Cleveland Multifamily Communities for $30.6 Million

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

The Paramus, New Jersey-based real estate investment and development firm Reynolds Asset Management has acquired two multifamily communities – Park Lamont and The Lumos – in Cleveland for $30.6 million Reynolds completed the transaction in partnership with The...
Beeline Launches Stablecoin-Backed Home Equity Product

Beeline Launches Stablecoin-Backed Home Equity Product

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

The digital mortgage platform Beeline Holdings Inc., (NASDAQ: BLNE) has announced plans to launch of a stablecoin-backed home equity access product that allows homeowners to convert a portion of their home equity into immediate cash without incurring debt or monthly...
Texas Realtor Pleads Guilty to $770,000 Fraud Scheme

Texas Realtor Pleads Guilty to $770,000 Fraud Scheme

by Phil Hall | Jun 3, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

A Texas realtor has pleaded guilty to conspiracy to commit wire fraud in a scheme that used false warranty deeds to mislead lenders and real estate clients. According to the charges brought against him, Mario Alberto Rodriguez defrauded homebuyers and short-term...
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