Former Larimer real estate agent charged with theft, money laundering

Adelicia Caree

A former Larimer County Realtor turned himself in at the Weld County Jail on Tuesday after being charged with stealing more than $850,000 from at least 15 victims in a Windsor condominium deal. 

Bret Lamperes, 51, of Berthoud, under the name Investments of Windsor LLC, sold 29 condominiums in the Grasslands Park project in 2015, but only eight of the 29 condos were built, according to the Weld County District Attorney’s Office.

He is charged with theft, money laundering, two counts of filing a false tax return and tax evasion. Investigators believe he stole $852,510 from 15 victims who invested

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Target To Spend $4B Per Year On Real Estate To Consolidate Pandemic Gains

Adelicia Caree

A rendering of Target’s urban-format store in the Beacon Hill neighborhood of Boston

Target just wrapped up a bumper year for sales and will now look to build on that momentum in a big way.

The retailer will look to spend about $4B per year for the next several years expanding and upgrading its real estate portfolio, Fortune reported. That outlay is driven by Target’s sales growing by more than $15B in 2020, which is greater than the previous 11 years combined, according to the company’s year-end fiscal statement.

Every piece of Target’s physical footprint will be affected

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Mrs. Dow Jones reacts to a real estate appraiser who earns $280,000

Adelicia Caree

Terrence Bilodeau knows how to hustle. The 35-year-old takes a salary of $280,000 per year as a real estate appraiser and realtor in Fort Worth, Texas. He also owns and manages 10 rental properties, in addition to the home he lives in and a vacant lot.

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Bilodeau works as much as he can, often seven days a week. To him, any time he takes off is time he’s not getting paid.

Haley Sacks, better known as Mrs. Dow Jones, is impressed by his work ethic. “That’s a lot of properties

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The Venice Real-Estate Market Is Unstoppable No More

The property Jordan Mazer bought in December is the classic Venice beach house in more ways than one.

The $2.225 million clapboard house is close enough to a local surf break that Mr. Mazer, a 33-year-old human-resources executive for a videogame company, can run to it with his surfboard tucked under his arm. Another thing that makes his property emblematic of the neighborhood: He paid $213,000 less than the buyer in 2018, and $450,000 less than the buyer in 2016. The home, for which he paid over $1,000 a square foot, is near the beach but also near the Venice … Read More

Chicago needs more Black, Brown real estate developers

Adelicia Caree

The lack of Black and Brown real estate owners isn’t the only problem; it’s also the lack of Black and Brown developers. Developers of color understand their neighborhoods and the kinds of projects their communities need, but they often lack the resources to make it happen, like access to capital and the right connections. 

Here in Chicago, we are part of an effort to change the face of the real estate industry by attacking that problem at its source. Yield, a partnership between LISC Chicago and Urban Land Institute (ULI) Chicago, is identifying, mentoring and funding entrepreneurs of color who

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Real estate brokerage Compass files for IPO on $3.7 billion in sales

Adelicia Caree

Robert Reffkin, CEO of Compass, speaks on stage on November 06, 2019 in New York City.

Brad Barket | Getty Images

Compass, a real estate brokerage firm with more than 19,000 agents across the country, filed to go public on Monday, and told prospective investors that revenue jumped 56% last year as housing prices soared.

Founded in 2012, the New York-based company has sought to bring advanced technology to real estate agents, giving them better data, marketing tools and customer relationship software than they can get from a typical brick-and-mortar brokerage.

Compass is among the many tech-powered real estate companies

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