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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...
Healing Realty Trust in 3 New Preferred Real Estate Partnership Agreements

Healing Realty Trust in 3 New Preferred Real Estate Partnership Agreements

by Phil Hall | Aug 6, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Healing Realty Trust (HRT), a self-managed real estate investment company focused on purchasing healthcare-related real estate assets dedicated to serving the mental, behavioral, and physical health sectors, has entered into three new Preferred Real Estate Partnership...
Virtú Investments Acquires San Diego Multifamily Property

Virtú Investments Acquires San Diego Multifamily Property

by Phil Hall | Aug 6, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Virtú Investments, a multifamily real estate investment firm focuses on the western states, has acquired ALX, a 313-unit multifamily property in San Diego. The 19-story ALX was built in 2017 in the city’s Ballpark District neighborhood and also features 2,600 square...
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