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Patel Real Estate Holdings Tokenizes Multifamily Properties on Chintai Blockchain

Patel Real Estate Holdings Tokenizes Multifamily Properties on Chintai Blockchain

by Phil Hall | May 13, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Tampa-headquartered Patel Real Estate Holdings announced the launch of an $100 million institutional fund on the Chintai blockchain platform. The Patel Real Estate Holdings Institutional Fund 2025 targets newer-vintage Class A multifamily properties in high-growth,...
Appraisal Institute VP Steps Away from Public Duties After Accusations of Sexual Harassment

Appraisal Institute VP Steps Away from Public Duties After Accusations of Sexual Harassment

by Phil Hall | May 13, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The vice president of the Appraisal Institute has agreed to step away from his public-facing duties following a New York Times article that claimed he was accused of sexual harassment by multiple women. However, the Times noted that Craig Steinley has not resigned,...
Edmonton Condo Complex Evacuated Over Collapse Concerns Sold for $5.1 Million

Edmonton Condo Complex Evacuated Over Collapse Concerns Sold for $5.1 Million

by Phil Hall | May 13, 2025 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A condominium complex in Edmonton that was evacuated nearly two years ago over concerns that the building was going to collapse has been sold. CBC reports Castledowns Pointe was purchased by the development and rental company Harmani Sale Inc. for $5.1 million, which...
Is Renting Less or More Expensive? It Depends Which Data Report You Cite

Is Renting Less or More Expensive? It Depends Which Data Report You Cite

by Phil Hall | May 12, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A pair of newly published data reports offer strikingly different views of the rental housing market, with one report stating rents are going down and the other claiming rents have become more expensive. Redfin (NASDAQ: RDFN) reported the median asking rent of April...
Developer Pleads Guilty for $13 Million Scams Involving Latin American Real Estate Projects

Developer Pleads Guilty for $13 Million Scams Involving Latin American Real Estate Projects

by Phil Hall | May 12, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

A real estate developer pleaded guilty to defrauding investors out of more than $13 million with scams involving fraudulent projects in Latin America. Barry Breeman, 75, of Tuxedo Park, New York, solicited investments in various real estate projects through false and...
‘There Are No More Excuses’ — Newsom Tells California Cities to Remove Homeless Encampments

‘There Are No More Excuses’ — Newsom Tells California Cities to Remove Homeless Encampments

by Phil Hall | May 12, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

California Gov. Gavin Newsom has called on the state’s localities to address the presence of homeless encampments on their streets. “There’s nothing compassionate about letting people die on the streets,” said Newsom in a statement. “Local leaders asked for resources...
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