Commercial Real Estate
NYC Developer Indicted in $10 Million Fraud Scheme Expected to Plead Guilty
The guilty plea would not affect the civil lawsuit brought against him by the Securities and Exchange Commission. Continue Reading NYC Developer Indicted in $10 Million Fraud Scheme Expected to Plead Guilty
American Express to Build 55-Story HQ at World Trade Center Site
Construction will begin this spring, with completion expected by 2031. Continue Reading American Express to Build 55-Story HQ at World Trade Center Site
Joe Jaeger, New Orleans Hotelier and Developer, Dies at 77
Jaeger would often describe himself as “just a plumber from the Ninth Ward.” Continue Reading Joe Jaeger, New Orleans Hotelier and Developer, Dies at 77
CBRE to Combine Project Management Business with Turner & Townsend Subsidiary
The combined business will be led by Turner & Townsend CEO Vincent Clancy. Continue Reading CBRE to Combine Project Management Business with Turner & Townsend Subsidiary
Hits and Misses for the Real Estate Week of June 17-21
Disappointing housing and personal finance data reports, property tax breaks for an unlikely business and a land transfer that rights a historic wrong. Continue Reading Hits and Misses for the Real Estate Week of June 17-21
Kaiser Permanente Unit Acquires North Carolina Hospital System
The financial aspects of the proposed acquisition were not disclosed. Continue Reading Kaiser Permanente Unit Acquires North Carolina Hospital System
Healing Realty Trust Raises $25M in Series A Funding Round
The company said the funding will be used to acquire three operating healthcare facilities. Continue Reading Healing Realty Trust Raises $25M in Series A Funding Round
CBRE Acquires Data Center Infrastructure Provider Direct Line Global
CBRE Group Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm, has acquired Direct Line Global, a portfolio company of Guardian Capital Partners. Founded in 1997 and based in Fremont, California, Direct Line Global provides...
Commercial/Multifamily Mortgage Debt Outstanding Up in Q1
Multifamily mortgage debt alone increased to $2.10 trillion from the fourth quarter of 2023. Continue Reading Commercial/Multifamily Mortgage Debt Outstanding Up in Q1
Real Estate Investor Pleads Guilty to $54.7M in Mortgage Fraud Scams
Aron Puretz faces a maximum penalty of five years in prison. Continue Reading Real Estate Investor Pleads Guilty to $54.7M in Mortgage Fraud Scams
Former Illinois Hospital to Be Auctioned in Bankruptcy Sale
The former St. Margaret’s Health Hospital encompasses a five-story former hospital plus an adjacent two-story medical office. Continue Reading Former Illinois Hospital to Be Auctioned in Bankruptcy Sale
West Virginia’s ‘Castle of the Coalfields’ Relisted at $250K
The 23,000-square-foot complex in Itmann, West Virginia, is on National Register of Historic Places. Continue Reading West Virginia’s ‘Castle of the Coalfields’ Relisted at $250K
