The U.S. Department of Justice has filed a civil mortgage fraud lawsuit against Deutsche Bank AG and its subsidiary, MortgageIT Inc., for allegedly making “false certifications” to the U.S. Department of Housing and Urban Development
Savanna Investment Management LLC, a New York-based institutional real estate private equity and asset management firm, has taken New York by storm in recent months, snapping up such familiar properties as 386 Park Avenue South, a 20-story, 260,000 sq. ft. office tower in Midtown South and 5 Hanover Square, a 25-story office building in the Financial District.
When a distressed portfolio of 13 former Mervyns stores came to market in California and Arizona recently, several of the nation’s biggest brokerages competed for the deal, valued at more than $100 million.
Drawing on the views of more than 100 investors Preqin Investor Outlook: Real Estate, H2 2015, provides a unique and in-depth look at the appetite, plans, expectations and concerns of institutional investors active in the real estate asset class....More
The stars appear to be lining up in favor of a bull run in the seniors housing sector. Exclusive results from a study conducted jointly by NREI and the National Investment Center for the Seniors Housing & Care Industry (NIC) shows that respondents are optimistic on their outlook for the sector....More