While low income home buyers are still struggling with housing affordability and low housing inventory, multifamily developers are attracting investments that are enabling them to build more apartments. Community Action Partnership in Alabama gets investor A 56-unit...
The Saudi Arabian government has announced a major shift in its economic policies to allow non-Saudis to invest in listed companies that own real estate in the holy cities of Mecca and Medina. The Saudi Gazette reported that Mohammed Elkuwaiz, board chairman of the...
The Bascom Group LLC, an Irvine, California-headquartered private equity firm, has acquired the Overlook Apartments, a multifamily property located in Albuquerque, New Mexico. The 344-unit property was built in 1988 and consists of garden-style apartments. The...
The real estate investment firm Carmel Partners has announced the hiring of Bryan Crane as chief investment officer and managing partner, effective on Jan. 29. Crane was previously chief investment officer at Veritas Investments after working as president of Veritas...
A lawsuit brought by the Federal Trade Commission (FTC) has shut down Ganadores Online and Ganadores Inversiones Bienes Raíces, a scam targeting Spanish-speaking consumers with fraudulent money-making pitches for online businesses and real estate investments. The FTC...
Evercore (NYSE: EVR), a New York City-based investment banking advisory firm, has hired Neil Wolitzer as a senior managing director in the real estate investment banking group. Wolitzer was formerly a partner and managing director in the real estate investment banking...
Hits and Misses for the Real Estate Week of June 15-19
