Falor Cos. Buys Two South Beach Landmark Hotels
MIAMI-After it invests $9 million in upgrades, the company plans to turn the Breakwater Hotel and Edison Hotel into one condominium hotel with 113 suites. Falor also plans to close its purchase of a third hotel on Ocean Drive, the Tides, in October.
LOS ANGELES—Most recently head of structured real estate investments at Barings, Jamie Henderson is now president and CIO of Ares Management’s mortgage REIT.
SAN DIEGO—The talent wars are here to stay, and intellectual capital is king, so more effort must be put on building your team, Cultura’s Anne Benge tells GlobeSt.com.
WASHINGTON, DC--One interpretation suggests that the Fed will still continue to raise rates as this is likely just a brief period of sluggish growth.
Middle Market Digest
Here’s a look at this week's trends, announcements and deals that you may have missed in the country’s North West region.