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Paramount Group Begins Review of ‘Strategic Alternatives to Maximize Shareholder Value’

Paramount Group Begins Review of ‘Strategic Alternatives to Maximize Shareholder Value’

by Phil Hall | May 19, 2025 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Paramount Group Inc. (NYSE: PGRE), a real estate investment trust focused on New York City and San Francisco office properties, announced that its board of directors has begun a review of what it described as “a review and evaluation of strategic alternatives to...
Ginnie Mae’s MBS Portfolio Reached $2.74 Trillion in April

Ginnie Mae’s MBS Portfolio Reached $2.74 Trillion in April

by Phil Hall | May 16, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Ginnie Mae announced that its mortgage-backed securities (MBS) portfolio outstanding reached $2.74 trillion as of April. The April issuance encompassed $42.2 billion in total MBS, resulting in a net portfolio growth of $10.6 billion. This included $40.7 billion in...
Tech Trends: Keeping Track of Today’s Business, Meeting Tomorrow’s Tech Leaders

Tech Trends: Keeping Track of Today’s Business, Meeting Tomorrow’s Tech Leaders

by Phil Hall | May 15, 2025 | News/Current Events, Real Estate Agent Tools, Real Estate Investing, Tech Trends, WRE News Exclusive

This edition of Tech Trends features the state of the tenant billing software submarket, new tools focused on real estate investing and risk analysis, and real estate tech companies joining the NAR REACH program. A Growing Software Sector. The US tenant billing...
Nora Creedon Named CEO at Starwood Real Estate Income Trust

Nora Creedon Named CEO at Starwood Real Estate Income Trust

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

Starwood Real Estate Income Trust Inc. (SREIT), a non-listed REIT managed by Starwood Capital Group, has hired Nora Creedon as its new CEO, effective July 28. She will succeed Sean Harris who is stepping down to pursue other opportunities. Creedon joins SREIT after 18...
Patel Real Estate Holdings Tokenizes Multifamily Properties on Chintai Blockchain

Patel Real Estate Holdings Tokenizes Multifamily Properties on Chintai Blockchain

by Phil Hall | May 13, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Tampa-headquartered Patel Real Estate Holdings announced the launch of an $100 million institutional fund on the Chintai blockchain platform. The Patel Real Estate Holdings Institutional Fund 2025 targets newer-vintage Class A multifamily properties in high-growth,...
Developer Pleads Guilty for $13 Million Scams Involving Latin American Real Estate Projects

Developer Pleads Guilty for $13 Million Scams Involving Latin American Real Estate Projects

by Phil Hall | May 12, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

A real estate developer pleaded guilty to defrauding investors out of more than $13 million with scams involving fraudulent projects in Latin America. Barry Breeman, 75, of Tuxedo Park, New York, solicited investments in various real estate projects through false and...
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