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Colorado Church Becomes First to Tokenize

Colorado Church Becomes First to Tokenize

by Phil Hall | Aug 19, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

REtokens, a Swiss company focused on tokenizing real estate assets, has collaborated with One Hope of Colorado to tokenize an historic church using the Polymesh blockchain. One Hope rents a landmark building known as Old Stone Church (OSC), the 1897 church in Fort...
Investor Home Purchases Recorded Biggest Increase in 2 Years

Investor Home Purchases Recorded Biggest Increase in 2 Years

by Phil Hall | Aug 15, 2024 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

Investor purchases of homes shout up by 3.4% year-over-year in the second quarter, according to new data from Redfin (NASDAQ:RDFN). This marked the largest increase since the second quarter of 2022. Investors acquired $43 billion worth of homes in the second quarter,...
UBS to Close Real Estate Fund Focused on Office Market

UBS to Close Real Estate Fund Focused on Office Market

by Phil Hall | Aug 15, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The fraying office market has claimed a new victim as UBS Group AG (NYSE: UBS) announced plans to liquidate a flagship real estate fund. Bloomberg reported the CS Real Estate Fund, which the company absorbed in its acquisition of Credit Suisse, had more than 80% of...
SEC Charges Todd Burkhalter and His Firm With $300 Million Real Estate Ponzi Scheme

SEC Charges Todd Burkhalter and His Firm With $300 Million Real Estate Ponzi Scheme

by Phil Hall | Aug 15, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The Securities and Exchange Commission (SEC) has obtained a preliminary injunction, asset freeze, and other emergency relief against Atlanta-based Drive Planning LLC and its founder and CEO, high-profile investor and author Todd Burkhalter, charging the defendants...
Andrew J. Sossen Rejoins Starwood Capital Group as Senior Managing Director

Andrew J. Sossen Rejoins Starwood Capital Group as Senior Managing Director

by Phil Hall | Aug 13, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Starwood Capital Group, a Miami Beach-headquartered private investment firm with a primary focus on real estate, announced that Andrew J. Sossen will rejoin the firm in September as a senior managing director and chief operating officer. Upon his return, Sossen will...
Report: Trump Planning New Real Estate Crypto Project

Report: Trump Planning New Real Estate Crypto Project

by Phil Hall | Aug 8, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Former President Donald Trump is reportedly planning a new project that will encourage investment in tokenized Real World Assets (RWA). According to a report in Bitcoinist.com, Trump and his son Donald Trump Jr. are reportedly at work on a crypto project designed to...
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