Red Oak Reorganizes as The Oak Companies
The Oak Companies, Inc. on Wednesday announced the completion of its corporate reorganization, bringing the business previously operated by Red Oak Capital Holdings, LLC into a newly formed Delaware corporation designed to support the platform’s next stage of growth. Red
Walker Webcast: Amherst’s Sean Dobson on Housing: Rates, SFR and the “Cleavers”
Amherst CEO Sean Dobson said there are plenty of reasons for caution in today’s housing market. The good news: He isn’t seeing a repeat of the Great Financial Crisis (GFC). Dobson spoke with Walker & Dunlop Chairman and CEO Willy Walker
Lincoln Transforming Greenpoint Mall into 1.2M-SF Industrial Park
Greenpoint Mall offered dozens of retail and food options for almost 50 years. With its allure faded, Lincoln, in partnership with New York Life Investment Management, unveiled plans to turn the mall into CityNorth Industrial Park, a 1.2 million-square-foot industrial
Developers Ink $482M Financing for Steamboat Springs Hotel/Residences
Stockman Development, led by Marquee Development, secured $482.5 million in financing from GoldenTree Asset Management, to advance The Stockman, Auberge Collection, which recently broke ground at the base of Steamboat Resort. The project will introduce 95 ski-in, ski-out private residences and a
71-Story Houston Office Tower Up for Sale
JLL Capital Markets, as the exclusive representative of the owner, is offering for sale a 100% fee simple interest in 1000 Louisiana, a 71-story, 1,721,242-square-foot Class A office tower in Houston’s central business district. A three-time winner of Houston BOMA’s
TA Realty Pays $105M for Wellington Rental Community
JPMorgan Investment Management sold The Polo Lakes Apartments in Wellington for more than twice what it paid. The South Florida Business Journal reports JP Morgan paid $47.75 million for the property in 2002. TA Realty paid $105.45 million for the
Homebuilders Revise Earnings Down as Mortgage Rates Stall Sales
KB Home cut its annual gross profit margin guidance to 16.0% to 16.2% from a prior range of 16.1% to 16.5%, citing deteriorating market conditions across its footprint. The company also lowered its housing revenue outlook to $4.9 billion to