The former chief auditor of KBS Realty Advisors has been arrested and charged with one count of mail fraud and one count of wire fraud in connection with his alleged theft of $26 million from the Newport Beach, Calif, investment manager Varun...
Commercial Observer LoanCore Capital has sued the owner of 111 East 59th St in Manhattan’s tony Plaza District, claiming it’s defaulted on a $1934 million loan against the 200,000-square-foot office building The property is owned by a...
Commercial Real Estate Direct Staff Report The SEC has filed charges against Timothy Barton, president of JMJ Development and chief executive of Carnegie Development of Dallas, of operating a fraudulent real estate investment offering The regulator...
Commercial Observer Watchdog group Housing Rights Initiative has filed suit against Tishman Speyer Properties, alleging the New York company, which owns the Jackson Park apartment complex in the Long Island City section of Queens, NY, had violated...
The Real Deal Laguna Point Properties has filed a lawsuit against Barry Shy for failing to disclose a threat of litigation from tenants as well as several defects at the five Los Angeles apartment properties it had purchased from him this past...
Financier Carl Icahn has filed a lawsuit against Rialto Capital Advisors, claiming the Miami company had "placed its own interests ahead" of those of CMBS investors in the trust that held what had been a $73 million loan against the Prizm Outlets...
As legislators begin to shift their focus to the upcoming midterm Congressional elections, regulators have become more influential in...
When the New York State legislature adjourned earlier this month, a significant tax incentive for developers of affordable housing in New York City left town with them The 421-a tax abatement program expires next week, and state legislators failed...
Nelson Partners Student Housing LLC, which three years ago had paid $11955 million for the 212-unit SkyLoft Austin student-housing property near the University of Texas-Austin campus, has agreed to pay investors in the property $50 million to settle...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
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