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Fraudster Sentenced in Brooklyn Real Estate Scam

Fraudster Sentenced in Brooklyn Real Estate Scam

by Phil Hall | Mar 28, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

A Brooklyn woman who ran a real estate Ponzi scheme that stole $959,000 from nine victim received a prison sentence of three-and-a-half to seven years. Regine Norman, also known as Regine Ellis, falsely promoted herself as a member of NY Private Auction Inc., which...
$109 Million in Construction Financing Secured for Brooklyn Multifamily Development

$109 Million in Construction Financing Secured for Brooklyn Multifamily Development

by Phil Hall | Mar 18, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

Walker & Dunlop Inc. (NYSE: WD), the Bethesda, Maryland-headquartered commercial real estate finance and advisory service firm, announced it has structured $109 million in construction financing for the development of 1034-1042 Atlantic Ave., a to-be-constructed,...
Camber Property Group Offers Updates on Two NYC Projects

Camber Property Group Offers Updates on Two NYC Projects

by Phil Hall | Dec 22, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Camber Property Group, a developer of affordable housing complexes in New York City, has announced updates on two of its ongoing projects. The company kicked off the first two phases of a $1 billion mixed-use 100% affordable development known as Stevenson Square in...
$256 Million in Financing Closed for Mixed-Use Affordable Housing Project in Brooklyn

$256 Million in Financing Closed for Mixed-Use Affordable Housing Project in Brooklyn

by Phil Hall | Dec 19, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A trio of developers – Monadnock Development, CB Emmanuel Realty, and Equity Developers – announced the closing on $256 million in financing for the development of Utica Crescent, a mixed-use affordable housing project in the East Flatbush section of Brooklyn. The new...
$38.5 Million Construction Loan Closed for Brooklyn Apartment Project

$38.5 Million Construction Loan Closed for Brooklyn Apartment Project

by Phil Hall | Sep 25, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York City-based Haussmann Development announced it has closed on a $38.5 million construction loan for 827 Sterling Place in the Crown Heights section of Brooklyn. The $55 million, seven-story project will feature 76 rental housing units, including 23 affordable...
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