Author name: Carol Patel

Trouble is on the horizon for office landlords in South Florida, unlike the glitzy skyscrapers found on Brickell Avenue and other popular office submarkets.  Owners who secured loans at historically low rates are challenged by the current lending environment. And older buildings in suburban areas are already suffering as tenants abandon those properties when their …

The Weekly Dirt: South Florida office distress on the horizon Read More »

Proptech firm EasyKnock has entered into a settlement with the commonwealth of Massachusetts over allegations of engaging in an unlawful sale-leaseback scheme.  EasyKnock, a proptech company that uses AI and data for real estate transactions, participated in an equity-skimming scheme, the Massachusetts Attorney General’s Office said in a press release.  The company allegedly bought homes …

EasyKnock dinged in Massachusetts sale-leaseback scheme Read More »

Should any royal cowboys be on the lookout, a castle in Texas just hit the market for $5.5 million. Eric Hacker of the Hacker Group at Sotheby’s International Realty has the listing for the  fairytale-style mansion at 119 Private Road 1820 in Clifton, Texas, My San Antonio reported. The 11,100-square-foot castle has 10 bedrooms, 10 …

Fit for a prince: Texas castle hits the market for $6M  Read More »

Private investors are on the rise in Boston’s housing market, sparking concerns about growing pressure on affordability.  One in five homes sold in the region from 2004 to 2018 went to private investors, according to data by the Metropolitan Area Planning Council reported by the Boston Globe. Their share of purchases have steadily risen to …

Investors rise in Boston’s residential market  Read More »

Willis Towers Watson has subleased about 65 percent of the office space it had in the tower that carries its name in Chicago. In the biggest sublease in the Windy City’s downtown since the start of the pandemic, the London-based insurer is subleasing 100,000 square feet of the 155,000 square feet of office space it …

Willis Towers Watson subleases 100K sf of namesake Chicago skyscraper Read More »

Team owner and real estate billionaire Stan Kroenke changed the game by building a cutting-edge $5 billion stadium and surrounding development near Los Angeles International Airport to relocate the St. Louis Rams. Sports franchises engaging in real estate projects has become more prevalent, driven by the need to boost revenues amid escalating costs. Teams are …

Game changer: Pro sports owners became now city planners Read More »