Holden Walter-Warner

Michael Weil's GNL agreed to acquire industrial REIT Modiv Industrial in a $535 million all-stock transaction, the companies announced this week. The deal values Modiv's stock at $18.82 per share, a 17 percent premium on the company's closing price on Friday.

We’ll take you through the highlights of the biggest The Real Deal event of the year.

Dweck, of Dweck Group, faces seven lawsuits in New York state court seeking at least $14.4 million over allegations that include unpaid loans, diverted escrow funds and checks tied to frozen or nonexistent accounts. The complaints sketch out a network of investors and lenders who claim they kept wiring money into deals.

Plus, Penn Station finds a master developer, the mayor launches his first rezoning initiative and more in New York real estate news.

A joint venture between the two companies paid roughly $300 million for five open-air retail centers, the firms announced on Wednesday. The retail centers span markets, including properties in Carlsbad, California; Falls Church, Virginia; Altamonte Springs, Florida; and Sugar Land, Texas.

The North Dakota-based multifamily real estate investment trust announced plans this week for a “portfolio optimization.” Company executives said it looked at alternatives and determined the disposition process was the best path for strengthening the balance sheet.

Plus, Kevin Maloney gets honest about his Billionaires’ Row project, SL Green scores another sale and more in NYC real estate.

Plus, the One Dag deal closes, the summer camp controversy continues and more in the week of New York real estate.

Lakewood-based Blueberry Funding and Florida lender EADMK sued Riverside Abstract, the defunct law firm Nussbaum Lowinger and a roster of executives tied to both companies, alleging they orchestrated a years-long scheme that relied on fraudulent property flips, misappropriated escrow funds and concealed kickbacks through charitable donations.

The restructuring helped the real estate investment trust shed more than $700 million in debt.