Northgate Real Estate Group closed on a seven-building Brooklyn multifamily portfolio for $18.6 million, a 54% premium over the $12.1-million opening bid. The sale was conducted live and online and approved by... Read more »
The home flipper that made headlines buying the gutted Malibu home of Kanye West filed for bankruptcy this week. Belwood Investments’ Chapter 11 filing in Santa Ana bankruptcy court saves the property... Read more »
A foreclosure auction of a Malibu beach house that was famously gutted by Kanye West has reportedly been pushed back by several weeks thanks to a last-minute bankruptcy filing. The property, which... Read more »
The land below the Beverly Hills flagship store of luxury retailer Neiman Marcus has been sold to a New York investor as the owners of the department store chain sell property to... Read more »
The American Land Title Association (ALTA) is celebrating the news, claiming that it reinforces its warning that AOLs are a “fragile and inferior” alternative to title insurance and that the letters are “inferior... Read more »
TA Partners has filed for bankruptcy on a development site where it once planned a 452-unit residential complex in Playa Vista, The Real Deal has learned. The filing extends a period of... Read more »
Cambridge Realty Capital Companies arranged a $5,950,000 conventional loan to acquire Twilight Haven Senior Living, located in Fresno. Brent Holman-Gomez, SVP at Cambridge, lined up the fully-amortized, 25-year loan for the buyer, a California limited... Read more »
The presiding judge in the bankruptcy case involving Reverse Mortgage Investment Trust (RMIT) — the parent company of former leading reverse mortgage lender Reverse Mortgage Funding (RMF) — has approved a request... Read more »
The bankruptcy plan administrator for Reverse Mortgage Investment Trust (RMIT), the parent company of former industry lender Reverse Mortgage Funding (RMF), has filed a court petition to convert from Chapter 11 bankruptcy... Read more »
The presiding judge in the ongoing bankruptcy case of Reverse Mortgage Funding (RMF) has approved a stipulation that would resolve an administrative claim made against the company’s estate by reverse mortgage servicing... Read more »