A Georgia man was sentenced to four years in prison for scamming real estate investors on a phony Costa Rican property deal and defrauding college football fans seeking tickets for University of Georgia (UGA) games. According to the charges brought against him,...
Brandon “Dutch” Mendenhall, the co-founder of RAD Diversified REIT, has been indicted on one count of mail fraud for allegedly submitting false information during the purchase of his $1.6 million house. According to the indictment announced by the US...
The delinquency rate for commercial mortgage-backed securities (CMBS) inched up by one basis point to 7.55% in May, according to new data from Trepp Inc. One year ago, the CMBS delinquency rate was 7.08%. Five large loans accounted for $1.86 billion of the $4.04...
A broke city gets a new tax, a pesky deed thief is back in custody, and Tampa Bay gets another $1 billion request for a stadium. From the wild and wooly world of real estate, here are our Hits and Misses for the week of May 25-29. Miss: Ignoring the Root of the...
Investor purchasing of homes were down by 6% year-over-year in the first quarter, the lowest level since the start of the pandemic 2020. According to data from Redfin, the last time investors bought so few homes was in 2016. Real estate investors purchased 19% of...
The investment firms Bain Capital and 11North Partners announced their joint venture acquisition of five open-air retail centers located across four states for approximately $300 million. Collectively, the portfolio totals approximately 757,000 square feet and spans...
