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Bisnow Week In Review: The Most Consequential CRE Stories From Last Week
News

Bisnow Week In Review: The Most Consequential CRE Stories From Last Week

... agreement to repay CrowdStreet investors after Nightingale CEO Elie Schwartz misappropriated funds. The settlement involves repaying tens of ... in quarterly installments through asset sales, including Schwartz's New York penthouse and portions of Nightingale ...

Oct 08, 2023
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1500 Market St. Valuation Cut To $59 Per SF As Receiver Seeks Buyers
News

1500 Market St. Valuation Cut To $59 Per SF As Receiver Seeks Buyers

... June. The property was foreclosed upon in 2023. Nightingale CEO Elie Schwartz was indicted for wire fraud the following year after he ...

Oct 16, 2025
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Yieldstreet Investors Report Massive Losses From Failed Real Estate Bets
News

Yieldstreet Investors Report Massive Losses From Failed Real Estate Bets

... invested in Nightingale Properties offerings that sent former Nightingale CEO Elie Schwartz to prison for seven years.  A Google search of CrowdStreet ...

Aug 18, 2025
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Atlanta Financial Center in Buckhead
News

This Week's Atlanta Deal Sheet: AFC Losing Major Law Firm Tenant

... involving the crowdfunding platform CrowdStreet ever since Nightingale Properties CEO Elie Schwartz was accused of absconding with investor dollars instead of buying ...

Aug 23, 2024
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The Bisnow Weekender: Is CRE Really ‘In Trouble’?
News

The Bisnow Weekender: Is CRE Really ‘In Trouble’?

... interview they won’t wait to see if Nightingale CEO Elie Schwartz makes good on his promise to pay investors back over ... years. “I can't imagine a scenario where somebody in Schwartz’s position is going to be able to make this ...

Feb 08, 2024
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Bisnow Week In Review: The Most Consequential Stories In CRE
News

Bisnow Week In Review: The Most Consequential Stories In CRE

... Done’ To Pay Back Burned Nightingale Investors  Nightingale Properties CEO Elie Schwartz has revealed assets he plans to sell to repay investors ...

Oct 22, 2023
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Bisnow Week In Review: The Most Consequential Stories In CRE
News

Bisnow Week In Review: The Most Consequential Stories In CRE

... scheme by Nightingale Properties received news of potential repayments. CEO Elie Schwartz might liquidate parts of his real estate portfolio to repay ...

Oct 15, 2023
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The Lincoln Place office building in Miami Beach.
News

Nightingale Agrees To Sell Miami Building Where CEO Allegedly Misappropriated Capital From CrowdStreet Investors

... proposed settlement with Nightingale and its CEO, Elie Schwartz. It wasn't clear if this ... and this month it said it discovered Schwartz took more than $10M of the raised ... liquidity crunch just weeks before it failed. Schwartz also used $23M in investor funds ...

Sep 27, 2023
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Lighting money on fire
News

PODCAST: Breaking Down The CrowdStreet-Nightingale Missing Millions Scandal

... CrowdStreet was allegedly diverted into accounts controlled by Nightingale CEO Elie Schwartz. Nightingale raised the money to acquire a huge office complex ...

Aug 20, 2023
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Proptech, Photo being taken of a city
News

Yieldstreet In Talks To Purchase Investment Platform Cadre

... funds intended for purchases into accounts controlled by its CEO, Elie Schwartz.  CrowdStreet's CEO, Tore Steen, was ousted in the wake ...

Aug 15, 2023
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