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Floyd Mayweather Sues Business Insider for Defamation in Coverage of Real Estate Investments

Floyd Mayweather Sues Business Insider for Defamation in Coverage of Real Estate Investments

by Phil Hall | May 2, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Boxing legend Floyd Mayweather announced that he has filed a $100 million defamation lawsuit against Business Insider, its parent company Insider Inc., and reporter Daniel Geiger, alleging they published a knowingly false and defamatory article that misrepresented...
$3 Billion Tokenization Deal Focused on Dubai Properties

$3 Billion Tokenization Deal Focused on Dubai Properties

by Phil Hall | May 2, 2025 | International Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

MAG, a United Arab Emirates-based real estate developer, has signed a $3 billion tokenization agreement with MultiBank Group, the world’s largest financial derivatives institution based in Dubai, and Mavryk, a blockchain provider. According to the companies, the...
CMBS Delinquency Rate Surges Above the 7% Mark

CMBS Delinquency Rate Surges Above the 7% Mark

by Phil Hall | Apr 30, 2025 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The commercial mortgage-backed securities (CMBS) delinquency rate passed the 7% mark for the first time since January 2021, according to new data from Trepp Inc. April’s delinquency rate of 7.03% marked a 38 basis points month-over-month increase, with the overall...
Phoenix Man Fined by State for Real Estate Investment Fraud

Phoenix Man Fined by State for Real Estate Investment Fraud

by Phil Hall | Apr 29, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The Arizona Corporation Commission (ACC), a regulatory state agency, has ordered Gary Martin of Phoenix and his affiliated company Reliant Income Properties LLC to pay $25,000 in restitution and a $10,000 administrative penalty for selling unregistered securities in...
Investor Indicted in $7 Million Brooklyn Deed Fraud Theft

Investor Indicted in $7 Million Brooklyn Deed Fraud Theft

by Phil Hall | Apr 28, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The improper sale of a Brooklyn property resulted in a real estate investor being charged with grand larceny and falsifying business records for cheating his fellow shareholders by making a transaction without their consent. According to the charges brought against...
Webstar Technology Group to Tokenize Real Estate Assets

Webstar Technology Group to Tokenize Real Estate Assets

by Phil Hall | Apr 28, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The Atlanta-headquartered real estate development company Webstar Technology Group (OTCMKTS: WBSR) announced a strategic initiative to integrate cryptocurrency tokenization into its current and future real estate ventures. The company said it will utilize blockchain...
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