CRE Wire

Wing LLC said it hopes to begin testing delivery flights within a week and to receive permission to expand service in the area in coming months.

Hollis Greenlaw, CEO of United Development Funding, and three other executives were charged with securities fraud.

Cushman & Wakefield is purchasing a 40 percent stake in Greystone’s multifamily lending business, reported The Wall Street Journal. New York is feeling the hit of continued below average levels of foreign tourism, according to The New York Times...

SoftBank will finally get a chance to start recouping some of its money when WeWork lists is shares on the New York Stock Exchange.

Led by Alicia Glen, MSquared recently closed its first fund after raising $108 million from investors including Citigroup, Goldman Sachs and Wells Fargo.

Residential starts fell 1.6 percent, to a 1.56 million annualized rate, according to government data.

Private equity giant Apollo is trying to catch up to rival Blackstone by aiming to double its assets under management by 2026, reports The Wall Street Journal. Investors continue to flood the single-family rental market, according to CNBC. These...

The Rental Stabilization Association of NYC and five small landlords are seeking a preliminary injunction to suspend the law.

Rising rents are putting pressure on Americans who were already facing eviction, according to The New York Times. After 18 months of efforts, Hudson’s Bay company successfully modified a CMBS loan on a portfolio of Lord & Taylor and Saks...

“This feels like they bought way too many homes and they’re trying to work off that excess supply,” said Jonathan Miller, president of appraisal firm Miller Samuel.