Arbor Realty Trust, already entangled in a federal investigation of alleged fraud in its books, now faces an investor lawsuit claiming the #multifamily lender concealed a “toxic” portfolio to juice its stock price. “The claims are without merit, and we look forward to prevailing early in the litigation process,” an Arbor spokesperson said, adding that the REIT does not own interest in a mobile home portfolio and there’s “no validity to the claim that Arbor’s repo lines are in jeopardy.” Read more: https://lnkd.in/ej5Cuiz6
The Real Deal
Online Audio and Video Media
NY, NY 150,201 followers
Number One Source for Real Estate News
About us
Bringing transparency to one of the world's most important and least understood industries. The Real Deal is the premier real-estate news outlet in the US, reaching millions of professionals daily through digital, print, social media and events. Readers turn to us for breaking news, market intelligence, custom research, proprietary rankings, deal analysis, profiles, trends and much more. We have received more than 50 awards for editorial excellence over the past 5 years, including the General Excellence award from the Society of Business Writers and Editors.
- Website
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http://www.therealdeal.com
External link for The Real Deal
- Industry
- Online Audio and Video Media
- Company size
- 51-200 employees
- Headquarters
- NY, NY
- Type
- Privately Held
- Founded
- 2003
- Specialties
- Real Estate News, Commercial Real Estate, Residential Real Estate, Politics, New York Real Estate, Top Real Estate Deals, Finance, and News
Locations
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Primary
450 West 31st Street
4th Fl
NY, NY 10001, US
Employees at The Real Deal
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Seth Rogin
CCO, The Real Deal. Executive Committee Chairman, Oxford Future of Marketing Initiative. Associate Fellow, Saïd Business School, U of Oxford. CEO…
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Michele Langer
Marketing Strategist | Events Evangelist | Collaborative Leader
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Carol Kinman
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Marilyn Dyson
Writer and Career Coaching
Updates
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Miami condo developers have rediscovered the condo-hotel, pumping over 20,000 units into the city's construction pipeline. But once these buildings are completed, the huge increase in supply could put pressure on rental rates, hurting investors’ bottom line. Their success will rely on the project’s location, design, price point and management, brokers and developers suggest. "It’s going to be a bit of a bloodbath of competition," said Craig Studnicky, CEO of Aventura-based brokerage firm ISG World. Click here to learn what South Florida's top developers think could happen when Miami’s pipeline of condo-hotels is delivered: https://bit.ly/3LZmy1j
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You can access TRD Chatbot on our website to get specific and detailed responses based on our archival #realestate content and sources. Visit TheRealDeal.com to give it a try!
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Two radioactive objects have been found in Hunter’s Point, causing an 18 month delay to the completion of San Francisco’s newest neighborhood. READ MORE HERE: https://lnkd.in/eMH9UBN9
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In this week’s roundup, we dig into an investor lawsuit accusing Arbor Realty Trust of hiding a “toxic” portfolio. Plus, Douglas Elliman logs another quarterly loss, a pipeline of condo-hotels in South Florida could leave buyers disappointed, and two rabbis square off over the YJP business network and building. These stories and more below.
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Embattled brokerage Official is suffering more blows. In the last week, at least five brokers have left the Side-backed firm that was co-founded by Oren and Tal Alexander.
Official exodus: Miami, New York agents depart brokerage tainted by allegations against co-founders
therealdeal.com
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Early bird rates end TOMORROW for Los Angeles' hottest real estate event of the year! Secure your ticket for our LA #TRDForum at the lowest price of just $65 before prices go up to $95. Enjoy a day of nonstop networking, dealmaking and powerhouse panels about what’s going to save LA office, what market forces and trends are driving the luxury resi market, and what trends, policies, and conditions open the door for mixed-use developments. Register now: https://lnkd.in/e-5fPmUM
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Riverside Abstract provided more than title services to clients and is now connected to a mortgage scam as agency in two fraudulent deals.
Riverside Abstract's dedication to client service may have gone too far
therealdeal.com
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With a sixth consecutive quarterly loss on Zillow's books, Rich Barton announced he is stepping down as chief executive for the second time.
Rich Barton out as Zillow CEO
therealdeal.com
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Douglas Elliman faced its eighth straight quarterly loss in Q2 amid its antitrust settlement payment, high interest rates and a shortage of luxury listing inventory.
Elliman eyes interest rate cut after narrowing losses in the second quarter
therealdeal.com