Hugh Hilton, Managing Director & Chief Executive Officer for Alavrez & Marsal A 4-acre industrial site in Tarzana will soon be transformed into an upscale office campus, the latest sign of heightened interest in the San Fernando Valley. A&M Capital Real Estate, or A&M CapRE, will be redeveloping four flex and industrial buildings to become […]
Chinese developers look to international bond market amid default troubles
(Credit: iStock) Chinese developers are increasingly seeking to raise money on the international bond market, even as default rates skyrocket. Fourteen top developers in China have issued offshore bonds worth about $8.6 billion as of January 2019, more than double the amount from the same time last year, the South China Morning Post reported. Some […]
Malibu winery sues SoCal Edison for sparking deadly Woolsey Fire
Southern California Edison CEO Kevin M. Payne and the Woolsey Fire burning near Paramount Ranch in Agoura Hills (Credit: Flickr and Edison International) A Malibu winery is the latest to accuse Southern California Edison of sparking November’s deadly Woolsey Fire. Cielo Farms, a winery and event space, along with a pair of homeowners, filed a […]
Brookfield just finished raising its largest real estate fund to date
Brookfield CEO Bruce Flatt and 666 Fifth Avenue (Credit: Wikipedia, Google Maps, and Pixabay) Brookfield Asset Management’s $15 billion property fund is ready to roll. The firm has finished raising money for the fund, which is the largest ever for the company and the second largest in private real estate, just behind Blackstone Group’s $15.8 […]
Boston Properties invests in massive Silicon Valley tech complex
Construction on Platform 16 is set to begin this spring. (Credit: Kohn Pedersen Fox) Boston Properties is growing its footprint in California’s office market with a 1.1-million square-foot office complex in Silicon Valley geared to attracting the world’s biggest tech companies. The New York-based real estate trust is teaming up with TMG Partners to develop […]
Starwood’s CEO hates the Opportunity Zone program. Guess whose company just launched an OZ fund?
Barry Sternlicht (Credit: Getty Images) Barry Sternlicht, the CEO of Starwood Capital Group, has been pretty public about his dislike of the Opportunity Zones program. But Miami Beach-based Starwood, which has 58 properties located in Opportunity Zones, has announced plans to raise $500 million for an Opportunity Fund to invest in low income areas designated […]