January 11, 2025 - 11:43

Erden Arkan, a prominent figure in Brooklyn's real estate scene, entered a guilty plea on Friday to a conspiracy charge connected to a campaign finance scheme. The allegations state that Arkan collaborated with a Turkish government official to illegally channel contributions to the campaign of Mayor Eric Adams. This case has drawn significant attention, highlighting concerns about foreign influence in local elections and the integrity of campaign financing.
The plea marks a significant development in an ongoing investigation into the practices surrounding campaign contributions in New York City. Arkan's involvement raises questions about the extent of foreign involvement in domestic political campaigns and the potential ramifications for elected officials. As the legal proceedings continue, the fallout from this case may lead to increased scrutiny of campaign finance laws and the enforcement of regulations designed to prevent illicit contributions. The implications of this scandal could resonate throughout the political landscape as calls for reform gain momentum.
August 18, 2026 - 08:42
Homebuilder seeks approval for 16-home subdivision with smaller lots, home sizesA local homebuilder is moving forward with plans for a new 16-home subdivision in south St. Louis County, trading the typical oversized lots and sprawling floor plans for a more compact,...
August 18, 2026 - 04:34
Interest rate uncertainty, Iran conflict cloud commercial real estate outlookA new report from CBRE suggests that the commercial real estate sector is bracing for a more turbulent second half of the year. The firm`s latest cap rate survey shows a notable shift in sentiment,...
August 17, 2026 - 17:51
Real estate holder energizes solar on large warehouses in PennsylvaniaA real estate investment trust has switched on three new rooftop solar arrays at large industrial properties across Pennsylvania. STAG Industrial, a Boston-based firm that owns warehouses and...
August 17, 2026 - 01:33
Apartments are real estate’s worst investment in past yearApartment values have gone nowhere over the past twelve months, making them the single worst performing slice of commercial real estate during that stretch. According to data from Green Street, the...