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Real Estate Investor Says Seller’s Agent Refused to Do Business Because He Drives a Tesla

Real Estate Investor Says Seller’s Agent Refused to Do Business Because He Drives a Tesla

by Phil Hall | Apr 15, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

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...
Chicago Real Estate Broker Sentenced for $3 Million Investor Fraud

Chicago Real Estate Broker Sentenced for $3 Million Investor Fraud

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

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 Unveils New Fund Aimed at BTR Market

Peakline Real Estate Funds Unveils New Fund Aimed at BTR Market

by Phil Hall | Apr 9, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

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...
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...
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