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Hits and Misses for the Real Estate Week of Nov. 11-15

Hits and Misses for the Real Estate Week of Nov. 11-15

by Phil Hall | Nov 15, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Alternatives to Chicago property taxes, a mega-million condo sale loss and a proposal to bend the Manhattan skyline. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Nov. 11-15. Hit: Let’s Not Go, Brandon. Praise goes this...
New Proposal Envisions $1 Billion Redevelopment of Astrodome

New Proposal Envisions $1 Billion Redevelopment of Astrodome

by Phil Hall | Nov 14, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Houston’s Astrodome, the world’s first domed sports stadium which has been closed since 2009, is the subject of proposed $1 billion redevelopment project. According to combined media reports, the nonprofit Astrodome Conservancy which seeks to preserve the historic...
Real Estate Investment Firm Lionstone to Shut Down

Real Estate Investment Firm Lionstone to Shut Down

by Phil Hall | Nov 8, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Ameriprise Financial Inc. (NYSE: AMP) announced it will begin to shut down operations for Lionstone Investments, its US real estate investment subsidiary, and exit this business. “The company is fully supporting Lionstone’s clients as it transitions their assets in an...
Houston Man Sentenced for Conning Friend in Real Estate Fraud Scheme

Houston Man Sentenced for Conning Friend in Real Estate Fraud Scheme

by Phil Hall | Oct 14, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

A Houston resident who cheated a friend in a phony real estate development deal has been sentenced for wire fraud. Walter Salek pleaded guilty April 5 to his involvement in a scheme to obtain more than $1 million and falsely informing an investor the funds would be...
Four Charged in Houston Real Estate Fraud Scheme

Four Charged in Houston Real Estate Fraud Scheme

by Phil Hall | Oct 4, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Four people have been charged by Houston police for conducting a rental housing fraud scheme involving identity theft. Click2Houston.com reported that Benjamin and Nazly Greene, Harold Doyle and Teresa Zuluaga were charged with engaging in organized criminal activity....
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