Brookfield Corp. funds have defaulted on a $161.4 million mortgage
Brookfield Corp. funds have defaulted on a $161.4 million mortgage for a dozen office buildings, mostly around Washington, DC, as rising vacancies hit property values. Canadian investment giant Brookfield is bucking the trend when it comes to hybrid work in a post-pandemic world, 90% of staff have been coming in to the headquarters office of […]
What is Note Purchase?
1) Definition of a note purchase: When one party owns a promissory note and deed of trust, or mortgage, secured by real property, and sells the note ownership (conveys 100% interests) to another party, the new party becomes the note owner and enjoys the rights, title, and interests. The new lender/owner assumes all risks and responsibilities to […]
Apartment Project Succeeds With Renters After Overcoming Big Construction Hurdles
Multifamily Development of the Year for the Inland Empire It was an easy decision for two of the country’s largest multifamily developers to partner up for a new project in the Inland Empire, a region with among the strongest apartment fundamentals in Southern California. CP Capital US and Greystar last April opened The Gabriel, a […]
Los Angeles Towers Sell Just Before Mansion Tax Takes Effect
Waterbridge Capital Buys Union Bank Plaza; 801 S. Grand Ave. Sells Two downtown Los Angeles skyscrapers officially traded hands less than 48 hours before a new city tax on real estate sales takes effect, a levy that some brokers say will reduce demand for large properties in a struggling market. New York private equity firm […]
Over-the-top bar and restaurant scene, high-rise hotels set to open in downtown L.A.
A high-rise with two hotels and an over-the-top restaurant and bar scene is set to open this month by Crypto.com Arena in downtown Los Angeles, as travelers embrace the road again and the hospitality business climbs out of the crater it sunk into during the pandemic. The builders hope that events at the arena and the adjacent […]
Los Angeles Towers Sell Just Before Mansion Tax Takes Effect
Waterbridge Capital Buys Union Bank Plaza; 801 S. Grand Ave. Sells Two downtown Los Angeles skyscrapers officially traded hands less than 48 hours before a new city tax on real estate sales takes effect, a levy that some brokers say will reduce demand for large properties in a struggling market. New York private equity firm […]
Execs Share Best Practices for Growing Hotel Brands
Data Analytics Aid Process by Uncovering Market Trends ATLANTA — Brands are constantly evolving to appease the ever-changing demands of both owners and consumers, but brand development leaders say it’s vital that the ethos of each one stay the same amid the change. Hotel executives speaking during the “Brand Evolution” panel at the 2023 Hunter […]
Why South Florida’s Office Market Shines As Other US Regions Struggle
Leasing and rents are up — way up in some cases — though interest rates mean a tougher investment sales market When Deco Capital founder Bradley Colmer gained control of a vacant site in Miami Beach’s swanky Sunset Harbour neighborhood overlooking Biscayne Bay, he envisioned building a luxury boutique condo. The developer went as far […]
Fortune International Group Files Plans For 76-Story Ora By Casa Tua At 1210 Brickell Avenue In Miami
Plans have been filed for Ora by Casa Tua, a 76-story mixed-use skyscraper at 1210 Brickell Avenuein Miami’s Brickell financial district. Designed by the renowned architectural firm Arquitectonicawith interiors by m2atelier and developed by Fortune International Group, newly revealed renderings reveal the uniquely shaped structure, which aims to rise 930 feet and feature 540 residential units, 53,841 square feet of office space, 24,260 square […]
