The fraying office market has claimed a new victim as UBS Group AG (NYSE: UBS) announced plans to liquidate a flagship real estate fund. Bloomberg reported the CS Real Estate Fund, which the company absorbed in its acquisition of Credit Suisse, had more than 80% of...
The Securities and Exchange Commission (SEC) has obtained a preliminary injunction, asset freeze, and other emergency relief against Atlanta-based Drive Planning LLC and its founder and CEO, high-profile investor and author Todd Burkhalter, charging the defendants...
The former director of the DC Housing Authority (DCHA) who resigned last year has filed a lawsuit against the agency, its board and a city council leader, arguing she was forced to step down from her job due to a “pattern of reprisal and retaliation.” The Washington...
LCS, the Des Moines-based senior living provider, has announced a shift in its executive leadership. Chris Bird, LCS’ president and chief operating officer, will become CEO. Bird will succeed Joel Nelson, who served as CEO since 2018 and will continue to serve as...
The Simi Valley, California-based house that gained movie immortality as the haunted residence in the classic 1982 horror film “Poltergeist” has been listed for sale for the first time in 45 years. Built in 1979, the 0.37-acre property features a 2,373-square-foot...
Las Vegas Realtors CEO Wendy DiVecchio was suspended from her position for 30 days following allegations that she interfered with the 2025 election of the association’s board officers and directors. The Las Vegas Review-Journal obtained an internal memo from LVR...
Hits and Misses for the Real Estate Week of May 4-8
