MAG, a United Arab Emirates-based real estate developer, has signed a $3 billion tokenization agreement with MultiBank Group, the world’s largest financial derivatives institution based in Dubai, and Mavryk, a blockchain provider. According to the companies, the...
The commercial mortgage-backed securities (CMBS) delinquency rate passed the 7% mark for the first time since January 2021, according to new data from Trepp Inc. April’s delinquency rate of 7.03% marked a 38 basis points month-over-month increase, with the overall...
The Arizona Corporation Commission (ACC), a regulatory state agency, has ordered Gary Martin of Phoenix and his affiliated company Reliant Income Properties LLC to pay $25,000 in restitution and a $10,000 administrative penalty for selling unregistered securities in...
Hoboken, New Jersey-based Faropoint, a real estate investment manager specializing in last-mile industrial properties, announced the acquisition of a four-building, multi-tenant industrial portfolio in Ontario, California. Built in 2006 by Panattoni Development, the...
Clarion Partners LLC, a New York City-headquartered real estate investment manager, has hired Josh Pristaw as managing director and president. Pristaw will sit on Clarion’s executive board and investment committee in a position reporting directly to CEO and...
State Farm and Allstate Take Steps Toward Reopening California Home Insuran…
