The Real Deal - New York Real Estate News

Former Venezuelan oil exec sentenced in $1B money laundering scheme

Posted: 08 May 2021 11:00 AM PDT

A former executive with Venezuela’s state-run oil company was sentenced to two years and four months in prison in connection with an alleged $1.2 billion money laundering scheme linked to South Florida real estate. Abraham Edgardo Ortega, who was executive director of financial planning at PDVSA, admitted he accepted more than $12 million in bribes for his role, which allowed other Venezuelans who were charged to embezzle from the company, the Miami Herald reported. Prosecutors

Mark Zuckerberg nearly doubles Hawaii real estate holdings

Posted: 08 May 2021 09:00 AM PDT

Mark Zuckerberg and Priscilla Chan now own just over two square miles of pristine land on the Hawaiian island of Kauai. In March, the couple spent $53 million on 600 acres of land, according to Mansion Global. They bought around 700 acres of land on the island in 2014 for more than $100 million. They purchased the property on the island’s northeastern side from the local conservation group Waioli Corporation in three separate transactions. Zuckerberg

“A River Runs Through It” Montana ranch lists for $136M

Posted: 08 May 2021 06:00 AM PDT

An 80,000-acre working ranch in Montana, which was the backdrop for Robert Redford’s film “A River Runs Through It,” is hitting the market for $136 million. Climbing Arrow Ranch is believed to be one of the largest private and undeveloped properties in the Rocky Mountain West, according to the Wall Street Journal. The ranch is five noncontiguous parcels spanning four counties about 30 miles outside Bozeman. One of those parcels borders the massive ranch owned