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The IRS recently threw a big, wet towel on a long list of REIT spinouts that are being evaluated, and putting a number of high-profile IPOs in jeopardy.
ORLANDO—Chris Hurn, founder of Fountainhead Commercial Capital, is convinced that every broker loses sales because of this. It seems simple, but could he be right?
NEW YORK CITY—Both total and per-key expenditures set new records in 2014; 2015 is expected to surpass them on both counts, says Bjorn Hanson at the Tisch Center for Hospitality and Tourism.
LOS ANGELES—The owners of Continental Park Terrace use an early rate lock program to secure a 3.5% interest rate on a $41 million refinancing loan, and more and more borrowers are following suit in this low interest rate environment.
LOS ANGELES—In its first L.A. investment, Chinese developer Gemdale Properties and Investments partners with LaTerra Development to build a $125 million mixed-use complex in Hollywood.
LOS ANGELES—While some investors say that the supply of value-add opportunities is limited at this point in the cycle, TruAmerica Multifamily says it will continue to see value-add opportunities for the next several years.