A Brooklyn real estate investor and a former New York State judge were indicted on charges of wire fraud conspiracy for running schemes that defrauded millions of dollars from investors. Sam Sprei – who is also known as “Yechiel Sprei,” “Shimon Sprei,” and “Eli...
The US Senate has confirmed Kevin Warsh to become the 17th chairman of the Federal Reserve. Warsh was confirmed in a 54-45 vote along party lines, with Sen. John Fetterman of Pennsylvania as the sole Democrat approving the nomination. Warsh’s term will begin on May 15...
A New Jersey couple who gained prominence as real estate influencers were indicted for allegedly running an investment scam that took investors’ money with a promise to receive high returns on Cleveland-area real estate property developments. A federal grand jury...
Commercial real estate broker Nicholas Morizio, president of Colliers International’s Connecticut and Western Massachusetts offices, has donated $1 million to the University of Connecticut’s (UConn) real estate program for the creation of new scholarships. The...
McDonald’s (NYSE: MCD) and the Chicago Fire Football Club have signed a naming rights partnership that will see the Major League Soccer club’s new $750 million stadium named McDonald’s Park. This marks the first time McDonald’s has committed to a naming rights...
The national median asking monthly rent across the nation’s 50 largest metro areas in April was $1,673, down $29 or 1.7%, year-over-year. This marked the 33rd consecutive month of annual declines for 0-2 bedroom properties. According to data from Realtor.com, the...
Hits and Misses for the Real Estate Week of June 22-26
