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California Commercial Real Estate Broker Pleads Guilty to Obstructing the IRS

California Commercial Real Estate Broker Pleads Guilty to Obstructing the IRS

by Phil Hall | Jun 12, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

A California commercial real estate broker has pleaded guilty to a years-long pattern of obstructing the IRS from collecting taxes he owed. Pasadena-based Gabriel David Guerrero failed to timely file federal individual income tax returns for the years 1998, 1999, and...
Belwood Investments Offers Fractional Real Estate Investment in Palm Springs

Belwood Investments Offers Fractional Real Estate Investment in Palm Springs

by Phil Hall | Jun 12, 2025 | Current News & Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

Belwood Investments, a fractional luxury real estate investing app, announced its acquisition of a residence in Palm Springs, California, with plans to renovate and flip the house within six months. Belwood Investments said it was raising $250,000 from investors to...
Grant Cardone Urges Trump to Fire ‘Idiot’ Jerome Powell

Grant Cardone Urges Trump to Fire ‘Idiot’ Jerome Powell

by Phil Hall | Jun 9, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

High-profile real estate investor Grant Cardone has called on President Trump to fire Federal Reserve Chairman Jerome Powell. In a series of posts on X, Cardone declared, “President Donald Trump urges Fed idiot Jerome Powell to slash interest rates by a 1 full point....
California Program to Offer Mortgage Relief to Disaster Victims

California Program to Offer Mortgage Relief to Disaster Victims

by Phil Hall | Jun 9, 2025 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

California is rolling out the CalAssist Mortgage Fund on June 12, which will allocate grants up to homeowners whose homes were destroyed or left uninhabitable in recent fire, floods, and other disasters that occurred between January 2023 and January 2025. The new...
Ethan Penner, Father of the CMBS, Weighs Bid for California Governor

Ethan Penner, Father of the CMBS, Weighs Bid for California Governor

by Phil Hall | May 29, 2025 | Commercial Real Estate News, Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Ethan Penner, who is credited as being the father of the commercial mortgage-backed securities (CMBS) sector, is setting his sights on the 2026 race for California governor. The Real Deal reports that Penner, the CEO of Calabasas-based Mosaic Real Estate Investments,...
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