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Sunday Summary: The Big Shuffle Continues – Commercial Observer - Vimarsana News

Sunday Summary: The Big Shuffle Continues – Commercial Observer

The great personnel shuffle in CRE continued, Nir Meir got indicted for fraud, Adam Neumann is making a play for WeWork and more.

Super Bowl Ads, Buyer Bans And Nefarious Dealings: The Download - Vimarsana News

Super Bowl Ads, Buyer Bans And Nefarious Dealings: The Download

We're taking the opportunity to bring you some of the lesser-known stories you may have missed last week while you were reading about KW and NAR.

Source: inman.com
NYC Real Estate Developer Accused of Wild Multi-Million Fraud Scheme - Vimarsana News

NYC Real Estate Developer Accused of Wild Multi-Million Fraud Scheme

Tana Lee Alves/WireImage for Niche Media, LLC via Getty ImagesAn embattled former executive of a New York real estate development firm was indicted Wednesday on charges he allegedly conspired in an $86.6 million fraud scheme.Nir Meir, the 49-year-old former managing principal of HFZ Capital Group, was indicted for tax fraud, falsifying business records, and various counts of larceny after allegedly bilking investors, subcontractors, and the city through a years-long scheme.Meir was arrested Mond

Source: yahoo.com
NYC developer Nir Meir facing charges as accomplices arraigned in $86M fraud scheme: DA - Vimarsana News

NYC developer Nir Meir facing charges as accomplices arraigned in $86M fraud scheme: DA

Developer Nir Meir, who dreamed of leaving his mark on the Manhattan skyline, is now facing serious jail time after authorities accused him Wednesday of running a multimillion-dollar fraud scheme. Meir — whose luxury real-estate company HFZ Capital Group collapsed amid plans to build $2 billion luxury towers near the High Line — was set to be extradited to New York after being arrested in ...

Source: yahoo.com
Former HFZ Exec Nir Meir Indicted in $86M Fraud Case - Vimarsana News

Former HFZ Exec Nir Meir Indicted in $86M Fraud Case

Developer Nir Meir was indicted with several other real estate executives for allegedly stealing at least $86 million.