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Kingsbarn Realty Capital Buys Hollywood Office Building for $105 Million

Kingsbarn Realty Capital Buys Hollywood Office Building for $105 Million

by Phil Hall | Apr 4, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Kingsbarn Realty Capital has paid $105 million to acquire the Class A office building 1601 Vine Street in the Hollywood submarket of Los Angeles. The 115,000-square-foot property – which has five levels of underground parking – was developed by JH Synder Company in...
Fraudster Awaiting Sentencing for RV Site Scams Hit with New Charges for Similar Scheme

Fraudster Awaiting Sentencing for RV Site Scams Hit with New Charges for Similar Scheme

by Phil Hall | Apr 4, 2025 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A Canadian man who was found guilty and is awaiting sentencing for scamming buyers of RV sites in British Columbia is facing new charges by Calgary police for coordinating a similar scheme in Alberta. The Calgary Herald reports that Craig Douglas McMorran was found...
Q1 Sales Up 29% in Manhattan Luxury Apartment Market

Q1 Sales Up 29% in Manhattan Luxury Apartment Market

by Phil Hall | Apr 4, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Buyers in the Manhattan luxury apartment market opened their deep wallets during the first quarter, with sales surging 29% to 2,560 closed transactions, up from 1,988 one year earlier. CNBC, citing multiple data sources, reports the total value of Manhattan’s luxury...
Forecast: Increased Investment in Canadian Residential Construction Through 2034

Forecast: Increased Investment in Canadian Residential Construction Through 2034

by Phil Hall | Apr 4, 2025 | International Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Investment in Canada’s residential sector will move past a mostly stagnant 2025 into a steady series of increases from 2026 to 2034, according to the 2025–2034 Construction and Maintenance Looking Forward forecast published by BuildForce Canada. The forecast predicts...
LendingOne in New Partnership with Proptech Blanket

LendingOne in New Partnership with Proptech Blanket

by Phil Hall | Apr 4, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

LendingOne, a private lender for real estate investors, has entered a strategic partnership with the proptech platform Blanket. According to the companies, LendingOne’s suite of investor loan solutions will be integrated directly into the Blanket platform, with...
Two Fiji Nationals Sentenced for Multimillion-Dollar Short Sale Fraud

Two Fiji Nationals Sentenced for Multimillion-Dollar Short Sale Fraud

by Phil Hall | Apr 3, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

A pair of Fiji nationals residing in California were sentenced for leading a multimillion-dollar mortgage fraud scheme. According to court records, Jyoteshna Karan and Praveen Singh Karan conspired to make straw purchases and short sales of approximately 15 homes from...
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