Author Archives: Ben Verde

Nir Meir charged with larceny alongside HFZ, Omnibuild execs

By Ben Verde | February 8, 2024 - 5:49 pm |February 8, 2024 Uncategorized

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HFZ, Meir and executives from both HFZ and Omnibuild allegedly defrauded subcontractors, investors and the City of New York. Continue reading →

Luxury developer Nir Meir arrested in Miami Beach

By Ben Verde | February 7, 2024 - 5:32 pm |February 7, 2024 Uncategorized

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Meir will be extradited to New York where he is likely to face charges of grand larceny and tax fraud from the Manhattan District Attorney. Continue reading →

70 public housing employees charged with bribery in New York

By Ben Verde | February 6, 2024 - 10:46 pm |February 6, 2024 Uncategorized

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The charges amount to the largest number of federal bribery charges ever filed on a single day, according to the Department of Justice. Continue reading →

Adam Neumann makes grand play to take back struggling WeWork

By Ben Verde | February 6, 2024 - 4:10 pm |February 6, 2024 Uncategorized

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In a push to wrestle back the company he co-founded, Adam Neumann on Monday sent a letter to the co-working giant pressing it to sell its assets to Flow, Neumann’s latest real estate endeavor. Continue reading →

Investment sales dropped 45% in Manhattan last year

By Ben Verde | February 5, 2024 - 5:10 pm |February 5, 2024 Uncategorized

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Investor sales in Manhattan had their worst year in the past decade during 2023, if 2020 is excluded, according to a report from Ariel Property Advisors. Continue reading →

Greystar pens deal with Wood Partners on property management

By Ben Verde | February 2, 2024 - 9:28 pm |February 2, 2024 Uncategorized

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Under the newly created agreement, all properties owned by Wood will see their management duties transferred to Greystar. Continue reading →

Redfin offers refund in exchange for buyer agency agreement

By Ben Verde | February 2, 2024 - 5:02 pm |February 2, 2024 Uncategorized

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The new “Sign and Save” program promises homebuyers a refund of 0.25 percent to 0.5 percent for signing a buyer agency agreement. Continue reading →

Banks from Tokyo to NYC feel the pain as US office market takes a hit

By Ben Verde | February 1, 2024 - 6:23 pm |February 1, 2024 Uncategorized

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Tokyo’s Aozora Bank and New York Community Bancorp posted massive losses tied to commercial real estate loans Thursday morning, an indication that threats to the office sector aren’t over yet. Continue reading →

New legislation aims to ban algorithmic pricing of rents

By Ben Verde | January 31, 2024 - 9:24 pm |January 31, 2024 Uncategorized

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The “Preventing the Algorithmic Facilitation of Rental Housing Cartels Act” is expected to be introduced in the U.S. Senate this week. Continue reading →

New York Comptroller asks eXp to investigate sexual assault claims

By Ben Verde | January 31, 2024 - 2:42 pm |January 31, 2024 Uncategorized

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The office of New York State Comptroller, which holds nearly 27,000 shares of eXp World Holdings stock, sent a letter to eXp CEO Glenn Sanford requesting he establish an independent committee to formally look into the allegations. Continue reading →