There are warning signs that the U.S. economy is closer to a slowdown. What does that mean for real estate? (Credit: iStock) The yield curve inversion and threats of an escalating trade war recently sent markets into a tizzy last week. If those economic jolts are going to hit the real estate industry hard, it […]
Stock indexes hit records as market anticipates rate cut. Here’s what that means for real estate
(Credit: iStock and chart via MarketWatch) After Federal Reserve Chairman Jerome Powell hinted at an impending interest rate cut, stock indexes hit record highs Thursday — and real estate is going along for the ride. At a congressional hearing this week, Powell said global uncertainty “strengthened the case for a somewhat more accommodative policy.” The […]
Luxury home developer Robert Shapiro arrested on federal charges over $1.3B Ponzi scheme
Robert Shapiro A former luxury real estate developer in Los Angeles was arrested on federal charges, accused of deceiving thousands of investors in a Ponzi scheme worth $1.3 billion. The charges against Robert Shapiro, who ran Woodbridge Group of Companies, came Thursday, despite his November settlement with the Securities and Exchange Commission over similar charges […]
Zach Aarons talks pouring gasoline on a proptech fire
[video_embed][/video_embed] The “treacherous B” is the put-up or shut-up period for property tech firms, awash in money but lacking a proven business model. Speaking at The Real Deal‘s 12th annual New York Showcase, MetaProp co-founder Zach Aarons said many prop-tech startups make it to the Series B funding stage because they’ve demonstrated they can raise […]
One of the country’s largest landlords accused of “Ponzi scheme-like” scam
Morgan Management CEO Robert Morgan (Credit: Facebook and iStock) The Securities and Exchanges Commission and the Justice Department are alleging that Robert Morgan, one of the largest landlords in the country, ran a “Ponzi scheme-like” scam. The SEC filed civil charges against Morgan, who they say raised $110 million from more than 200 investors — […]
This crowdfunding firm just picked the carcass of RealtyShares
iintoo CEO Eran Roth (Credit: LinkedIn) The remnants of RealtyShares — the now-defunct crowdfunding platform — have been scooped up by another real estate firm. New York-based iintoo acquired RealtyShares’ assets, Inman reported. The move boosts the company’s portfolio size to $2.5 billion assets under management from $1 billion, according to the company. RealtyShares CEO […]