Judge Declares Washington State Real Estate Investment Firm Ran a Ponzi Scheme
A federal judge ruled that the Bellevue, Washington-based real estate investment firm iCap defrauded hundreds of real estate investors through a Ponzi scheme. The Seattle Times reported Chief Judge Whitman Holt made the finding about iCap in bankruptcy court...
Christopher Todd Capital Acquires First Texas BTR Community
Christopher Todd Capital, the Arizona-based privately held family office that owns Christopher Todd Communities, has closed escrow on its first Texas build-to-rent acquisition. The company purchased The Cottage Green in Conroe, a recently completed 314-home community...
Floyd Mayweather Acquires 1,000-Unit Manhattan Portfolio for $402 Million
Boxing great Floyd Mayweather has acquired a 1,000-unit affordable housing portfolio in Manhattan for $402 million. The Real Deal reported the portfolio encompasses more than 60 building in Upper Manhattan. Josh Gotlib of Black Spruce Management was the seller in the...
Kevin Cawley Named Chief Technology Officer at Legacy Group Capital
Legacy Group Capital, the Bellevue, Washington-headquartered real estate firm focused on community-based engagement in private lending and real estate investing, announced the appointment of Kevin Cawley as chief technology officer. Cawley comes to Legacy through its...
Houston Man Sentenced for Conning Friend in Real Estate Fraud Scheme
A Houston resident who cheated a friend in a phony real estate development deal has been sentenced for wire fraud. Walter Salek pleaded guilty April 5 to his involvement in a scheme to obtain more than $1 million and falsely informing an investor the funds would be...
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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/
