By Jonathan Stempel NEW YORK (Reuters) -Wells Fargo sued JPMorgan Chase on Monday to recover losses for investors in a $481 million commercial real estate loan that was allegedly based on a fraudulently inflated financial metric. The lawsuit pits the fourth-largest U.S. bank against the largest, with Wells Fargo accusing JPMorgan of turning a blind eye during due diligence in pursuit of millions
Can a seller legally back out of a real estate contract?
Backing out of a real estate contract can have costly consequences.
Mortgage lender Rocket Cos. to acquire real estate brokerage Redfin in deal valued at $1.75 billion
Mortgage lender Rocket Cos. has agreed to acquire online real estate brokerage Redfin in an all-stock deal valued at $1.75 billion. The transaction, announced Monday, gives one of the nation’s largest mortgage lenders an in-house network of more than 2,000 real estate agents across 42 states and Redfin’s popular home and rental housing listings pla…
New bill would protect TN homeowners from being repeatedly contacted by real estate developers
If a court finds that the act was violated, the solicitor faces a civil penalty of up to $2,000 per violation.
AÂ rare California oceanfront ranch lists for $65 million
Rancho Dos Pueblos in Santa Barbara includes a sprawling compound, plus agricultural land and its own private beach.
Using Historic Tax Credit equity to transform New York commercial real estate
Partner Insights spoke to Melissa McCormack, executive director of Historic Tax Credit at J.P. Morgan Chase, about how the firm is helping developers tap federal Historic Tax Credit (HTC) equity to restore and repurpose historic buildings. McCormack is based in New York and brings a legacy of banking and preservation skills to every transaction.
RCKRBX, the Demand-Side Data Intelligence Platform for Multifamily Real Estate, Expands Coverage Across Florida and Welcomes New Subscribers
WASHINGTON, March 10, 2025–RCKRBX™, the first SaaS (Software-as-a-Service) platform for multifamily real estate to deliver leading indicator, demand-side data based on comprehensive responses from thousands of current and prospective renters within specific markets, today announced its entry into multiple Florida markets, including Jacksonville, Orlando, Tampa, West Palm Beach, Palm Beach, Fort Lauderdale, and Miami. In entering these new localities, RCKRBX has welcomed Camino Capital Managemen
New shop aims to be one-stop shop for Longboat Key real estate
Owners of new dual home watch and real estate businesses celebrate their official launch.
Investcorp Real Estate, 6 others settle AIF rule violation case with Sebi
Investcorp Real Estate Yield Fund and six others have settled with markets regulator Sebi a case of flouting Alternate Investment Funds (AIF) rules on payment of Rs 25.5 lakh towards settlement amount.
Rampart Medical Campus sells for $8.6 million to Chicago real estate firm
Lowry neighborhood’s Rampart Medical Campus has been acquired by Echo Real Estate Capital, Inc., a Chicago-based real estate investment & development firm.