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‘Seinfeld’-Inspired Fraudster Sentenced for Real Estate Scams

‘Seinfeld’-Inspired Fraudster Sentenced for Real Estate Scams

by Phil Hall | Mar 17, 2025 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

A fraudster whose chicanery was inspired by a “Seinfeld” joke was sentenced in Brooklyn federal court to 45 months in prison for wire fraud and ordered to pay $1.3 million in forfeiture. Thomas John Sfraga, also known by the alias TJ Stone, presented himself to...
Voice of America Parent Agency Cancels Lease on New DC Headquarters

Voice of America Parent Agency Cancels Lease on New DC Headquarters

by Phil Hall | Mar 17, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The US Agency for Global Media (USAGM), the parent agency for Voice of America, Radio Free Europe/Radio Liberty and Radio Free Asia, is cancelling its 15-year lease on its Washington, DC-based headquarters as the Trump administration plans to eliminate the agency. In...
Florida Lawmakers Consider Accessory Dwelling Units to Solve Affordable Housing Shortage

Florida Lawmakers Consider Accessory Dwelling Units to Solve Affordable Housing Shortage

by Phil Hall | Mar 17, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Florida legislature is considering the use of accessory dwelling units (ADU) to help solve the state’s affordable housing shortage. News Service of Florida reports panels within the state’s House and Senate passed bills that would enable localities to allow the...
Grand Opening for The Lindley, 37-Story San Diego Luxury Highrise

Grand Opening for The Lindley, 37-Story San Diego Luxury Highrise

by Phil Hall | Mar 17, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Toll Brothers Apartment Living, the rental subsidiary of the luxury builder Toll Brothers Inc. (NYSE: TOL), in joint venture partnership with PGIM Real Estate announced the grand opening of The Lindley, a new 37-story high-rise apartment community in the heart of San...
5 Consent Orders Tied to Unregistered British Columbia Mortgage Broker

5 Consent Orders Tied to Unregistered British Columbia Mortgage Broker

by Phil Hall | Mar 17, 2025 | International Real Estate News, Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

The British Columbia Financial Services Authority (BCFSA) issued five consent orders to individuals who committed professional misconduct by engaging in business with an unregistered mortgage broker named Jay Kanth Chaudhary. BFCSA conducted a multi-year investigation...
Hits and Misses for the Real Estate Week of March 10-14

Hits and Misses for the Real Estate Week of March 10-14

by Phil Hall | Mar 14, 2025 | Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

HUD’s new priorities, Gavin Newsom’s financial benefactors and a pair of high-profile acquisition stories – one genuine, one not. From the wild and wooly world of real estate, here are our Hits and Misses for the week of March 10-14. Hit: DEI is DOA. Kudos to Housing...
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