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Capital Square Launches LLC Offering to Fund Single-Family BFR Development Near Phoenix

Capital Square Launches LLC Offering to Fund Single-Family BFR Development Near Phoenix

by Phil Hall | Aug 2, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Capital Square, a sponsor of tax-advantaged real estate investments and developer of housing communities, has launched Capital Square Glendale BFR LLC with the goal of raising approximately $49 million in equity to develop a 320-unit, build-for-rent (BFR)...
Realtor Fined for Drinking Client’s Milk from a Carton Without Permission

Realtor Fined for Drinking Client’s Milk from a Carton Without Permission

by Phil Hall | Aug 2, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A Canadian realtor found himself in hot water for drinking his client’s milk without permission. The British Columbia Financial Services Authority (BCFSA) enacted a C$20,000 fine against Michele (Mike) Rose for “conduct unbecoming a licensee” when he consumed milk...
Mortgage Application Activity Slows Again

Mortgage Application Activity Slows Again

by Phil Hall | Aug 2, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity slowed during the past week, according to new data from the Mortgage Bankers Association (MBA). The Market Composite Index, the trade group’s measurement for mortgage loan application volume, dropped by 3% on both a seasonally adjusted...
Timothy Di Prizito Joins Christie’s in Beverly Hills

Timothy Di Prizito Joins Christie’s in Beverly Hills

by Phil Hall | Aug 2, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

Christie’s International Real Estate announced that Timothy Di Prizito and his team at the DPG Group will be leaving Coldwell Banker and joining the brokerage in their Beverly Hills, California-based office. Di Pritizio amassed over $450 million in sales in a...
Florida Scammer Pleads Guilty to Running Phony Mortgage Audit Service

Florida Scammer Pleads Guilty to Running Phony Mortgage Audit Service

by Phil Hall | Aug 2, 2023 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

A Florida man who engaged in a fraudulent mortgage audit operation is facing the prospect of up to 20 years in prison after pleading guilty to conspiracy to commit wire fraud. Brian Roy Lozito owned and managed American Investigative Services (AIS), which targeted...
Federal Funding Sought to Restore Fire-Damaged Wright Brothers Factory

Federal Funding Sought to Restore Fire-Damaged Wright Brothers Factory

by Phil Hall | Aug 2, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

U.S. Rep. Mike Turner (R-OH) announced the potential for $4 million in federal funds to restore the historic Wright Brothers manufacturing facility in Dayton, Ohio, that was damaged in an arson fire in March. According to a WDTN.com report, Turner lobbied his Capitol...
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