Latest Real estate investing News

North Carolina developer sentenced to prison in Ponzi scheme

Nov. 16, 2021 08:21 AM EST

RALEIGH, N.C. (AP) — A North Carolina real estate developer has pleaded guilty to his role in a scheme that defrauded investors of more than $1.5 million. federal prosecutors said. The U.S. Attorney's Office for the Eastern District of North Carolina says in a news...

Chinese banks try to calm fears about developer's debts

Sep. 24, 2021 11:46 AM EDT

BEIJING (AP) — Trying to dispel investor fears, some Chinese banks are disclosing what they are owed by a real estate developer that is struggling under $310 billion in debt and say they can cope with a potential default. The announcements came as Evergrande Group...

In a hot market, companies compete with would-be homeowners

Sep. 09, 2021 15:32 PM EDT

LOS ANGELES (AP) — Soaring home prices and rents are fueling real estate companies’ appetite for houses, adding unwelcome competition for many would-be homebuyers. Residential real estate bought by companies or institutions hit an all-time high of 67,943 properties in...

Waikiki resort mandates vaccination for workers, guests

Sep. 08, 2021 16:17 PM EDT

HONOLULU (AP) — A resort in the famed tourist mecca of Waikiki will be the first in Hawaii to require proof of COVID-19 vaccination for all employees and guests. Starting Oct. 15, ’Alohilani Resort will require its employees, patrons and guests to show proof they're...