Features

Many smaller regional banks, which previously provided short-term debt, were forced to close or were absorbed following the 2008 financial crisis, and Broadmark is satisfying an unmet need for short-term financing.

Murdoch Capital LLC and Parkway Partners, two Houston-based privately held real estate investment companies, formed a joint venture for the acquisition and redevelopment of the former Toys R Us.

“The south side of Chicago presents a unique opportunity for apartment building investors to achieve exceptional cash flow and still have good appreciation potential."

With oil recently falling to 18-month lows in late December, there are concerns that the recovery of the Houston economy could stall if oil's market price remains below $50 per barrel for an extended period.

The city charges in its lawsuit that Metropolitan Property Group, the Katris and the agents, along with 18 alleged corporate entities affiliated with the employees, turned at least 130 apartments across 35 residential buildings, including one entire building in East Harlem, into illegal short-term rentals primarily through Airbnb.

The 95-year-old Dexter Horton building sold to CIM Group for $151 million, but the acquisition may be the last as growth may slow with rising interest rates and reduced global activity signaling the cycle's end.