Damac Properties submitted the only bid for the 1.8-acre oceanfront property, where it plans to build a luxury residential tower.
Its closed-end fund is the latest in a series of raises over three years that now total $11 billion.
The REIT plans to invest $60 million in a repositioning of the property.
Sponsored by RentPath
There are three major trends converging to shape new renter dynamics: The Great Resignation, The Occupancy Fallacy, and The Renter Research Revolution. Download this report to explore these trends and learn how to thrive in this new era.
Sponsored by essensys
Differences in generational preferences surrounding workspaces and renewed efforts in retaining and attracting top talent have created urgency to define the building blocks of best-in-class workspaces. This guide explores how to build a hybrid workspace that is a magnet for employees by using top-of-the-line technology.
Sponsored by Placer Labs Inc.
This white paper reveals some of the major shifts in consumer behavior patterns that have emerged over the past two years and gives an up-to-date and accurate picture of today’s consumers’ shopping behavior, which is critical for anyone looking to best adapt their retail strategy to the consumer of 2022.
Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!
- Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
- Exclusive discounts on ALM and GlobeSt events.
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.
Copyright © 2022 ALM Global, LLC. All Rights Reserved.