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Two Fiji Nationals Sentenced for Multimillion-Dollar Short Sale Fraud

Two Fiji Nationals Sentenced for Multimillion-Dollar Short Sale Fraud

by Phil Hall | Apr 3, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

A pair of Fiji nationals residing in California were sentenced for leading a multimillion-dollar mortgage fraud scheme. According to court records, Jyoteshna Karan and Praveen Singh Karan conspired to make straw purchases and short sales of approximately 15 homes from...
RealPage Sues Berkeley Over Ban on Rent Pricing Software

RealPage Sues Berkeley Over Ban on Rent Pricing Software

by Phil Hall | Apr 2, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

The property management software company RealPage Inc. has filed a lawsuit against the City of Berkeley, California, over an ordinance passed on March 25 that prohibits landlords from using pricing technology to determine rental billing. The ordinance was passed amid...
Faropoint Makes First Los Angeles Industrial Acquisition

Faropoint Makes First Los Angeles Industrial Acquisition

by Phil Hall | Apr 1, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Hoboken, New Jersery-based Faropoint, a real estate investment manager specializing in last-mile industrial properties, announced its first acquisition in the Los Angeles area with the $9.975 million purchase of a multi-tenant industrial building located in Torrance,...
Kanye West’s Former Malibu Residence Resells Less Than a Week After Being Listed

Kanye West’s Former Malibu Residence Resells Less Than a Week After Being Listed

by Phil Hall | Apr 1, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Kanye West’s notorious Malibu, California, residence that was left in an unfinished restoration and sold at a steep discount was acquired after roughly a week after being flipped. The Wall Street Journal reports an investor group led by Andrew Mazzella, a...
Newsom Suspends Environmental Laws for Utilities in Rebuilding After LA Fires

Newsom Suspends Environmental Laws for Utilities in Rebuilding After LA Fires

by Phil Hall | Mar 31, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

California Gov. Gavin Newsom signed an executive order suspending what he dubbed as “unnecessary permitting and review requirements” by the utilities working to rebuild the areas devastated by January’s wildfires in Los Angeles County.  to accelerate the rebuild of...
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