Blackstone, Starwood REITs draw SEC’s attention after limiting withdrawals
Moves by Steve Schwarzman’s Blackstone Group and Barry Sternlicht’s Starwood Capital to limit investor withdrawals from their respective real estate investment trusts amid an uptick in requests has caught the attention of federal regulators. The Securities and Exchange Commission has reached out to
Brooklyn hotel converted into supportive housing
Challenging times call for creative solutions. To wit: a 30-story former Jehovah’s Witness hotel in Brooklyn has been converted to one of the nation’s largest supportive housing developments, according to the New York Times. The building at 90 Sands Street in Dumbo — which has 490 units, along with
MV Realty accused of scamming homeowners
A Florida-based real estate company has been sued by the Massachusetts and Pennsylvania attorneys general for allegedly scamming financially struggling homeowners, the Philadelphia Inquirer and CBS Boston reported. MV Realty is accused in both states of misleading homeowners by obtaining mortgages o
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