Ginnie Mae announced that its mortgage-backed securities (MBS) portfolio outstanding grew to $2.73 trillion as of March. The March issuance encompassed $31.4 billion in Ginnie Mae II MBS and $1.7 billion in Ginnie Mae I MBS, including $1.6 billion for multifamily...
Clarion Partners LLC, a New York City-headquartered real estate investment manager, has hired Josh Pristaw as managing director and president. Pristaw will sit on Clarion’s executive board and investment committee in a position reporting directly to CEO and...
A Boston-area real estate investor took to social media to detail how a home seller’s agent refused to do business with him because he drove an automobile from Elon Musk’s Tesla Inc. (NASDAQ: TSLA). Charles Lamplough, who has 97,500 followers on TikTok, recalled what...
A Chicago real estate broker was sentenced to four years and two months in federal prison for defrauding four investors out of more than $3 million. Stanislav Sannikov, also known as Steve Sannikov, owned and operated Chestnut Realty Group. According to the charges...
Peakline Real Estate Funds (PREF), a Chicago-based private real estate investment firm with $1.7 billion equity invested, has rolled out the Peakline Real Estate BTR Fund I, which marks the company’s entry into the build-to-rent (BTR) space. The new fund will be led...
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...
