|
Last call! Don't miss tomorrow's Office West event | Register now |
|
It may be known as the era of “too big to fail,” but during the throes of the Great Recession, one financial institution cratered in spectacular fashion and became the largest bankruptcy in U.S. history. The aftershocks rippled through the economy and the bankruptcy served as a lesson in smart lending. Or did it? 
With $639B in assets at $619B in debt, Lehman Brothers filed for Chapter 11 bankruptcy on Sept. 15, 2008. The investment bank had been one of the first to enter the arena of mortgage origination, and it quickly became a leading…
|
|
|
 |
|
Kimco Realty Is Adding Housing To Bay Area Mall Sites
As the Bay Area struggles with a harrowing housing crisis, the current retail evolution may be able to provide some relief. The concept of bringing housing to mall sites as owners re-examine older malls has taken hold. Kimco Realty is one mall owner…
|
|
|
|
|
|
|
|||||||||||||||||
|
Exclusive: Potrero Hill Retail Building Could Be Replaced By Housing
The site of a multi-tenant retail center in San Francisco's Potrero Hill/Showplace Square submarket is going up for sale and will likely be picked up by a buyer interested in putting housing on the site, according to Beckett Capital, which…
|
|
|
|
Youngwoo, EquityMultiple To Raise $500M To Invest In Opportunity Zones Across The U.S.Though the particulars of Opportunity Zones created through the Tax Cuts and Jobs Act that passed last year remain murky, the concept is generating plenty of interest. 
New York-based Youngwoo & Associates has partnered with online investment platform EquityMultiple, also headquartered in New York, to launch an investment fund dedicated to investing in opportunity zones, The Real Deal reports. The companies have set a tentative fundraising target…
|
|
|
|
 |
Prepping For Hurricane Florence: 'This Will Be A Devastating Storm'As North Carolina, South Carolina and Virginia hunker down in preparation for Hurricane Florence, not everyone joined the flow of traffic away from the coast. Property managers and business owners scrambled this week to ensure their investments were protected as the storm barreled its way toward the East Coast. As of Tuesday, the hurricane was tracking straight for North Carolina. “This could be the strongest storm to strike the state on record. Then the rainfall could rival Floyd and Matthew levels,” local NBC affiliate WCNC's chief meteorologist, Brad Panovich, told Bisnow. |
|
