TPG RE Finance gets $325M infusion from Starwood
by By Sasha Jones on 2020-05-29 at 10:00 PM
Facing a cash crunch, TPG Real Estate Finance Trust has secured a major infusion a little over two weeks after it sold off nearly $1 billion of its commercial real estate debt. The real estate investment trust announced that Starwood Capital is taking a stake in the company, providing it with up to $325 million in new capital. Greta Guggenheim, TPG RE Finance CEO, said the investment will […]
Conrad Miami lays off 154 employees ahead of...
by By Katherine Kallergis on 2020-05-29 at 9:30 PM
Hotel operator HEI Hotels & Resorts announced that 154 employees at the Conrad Miami were laid off due to the coronavirus pandemic. The WARN notice is dated May 25, one week before hotels are allowed to reopen in Miami-Dade County. Merritt Hospitality, an affiliate of HEI Hotels & Resorts, filed the letter this week, which states that the 154 layoffs are expected to exceed six months. […]
WeWork sued for backing out of San Francisco...
by TRD Staff on 2020-05-29 at 8:30 PM
An investor in San Francisco’s largest residential complex is suing WeWork for abandoning its development plans and backing out of a pledge to invest $450 million. The development at Parkmerced — which plaintiffs allege lost a year in closing additional investments, Bloomberg reported — was intended to showcase WeWork’s WeLive initiative, featuring amenities like media […]
Top Reasons to Own Your Home [INFOGRAPHIC]
by Shannah Ferrante on 2020-05-29 at 10:00 AM
Some Highlights June is National Homeownership Month, and it’s a great time to consider the benefits of owning your own home. If you’re in a position to buy, homeownership might help you find the stability, community, and comfort you’ve been searching for this year. Let’s connect today to determine if homeownership is the right next step for you and your family.
Economists Forecast Recovery to Begin in the...
by KCM Crew on 2020-05-28 at 10:00 AM
With the U.S. economy on everyone’s minds right now, questions about the country’s financial outlook continue to come up daily. The one that seems to keep rising to the top is: when will the economy begin to recover? While no one knows exactly how a rebound will play out, expert economists around the country are
Why This Summer Is the 2020 Real Estate Season
by KCM Crew on 2020-05-27 at 10:00 AM
With stay-at-home orders starting to gradually lift throughout parts of the country, data indicates homebuyers are jumping back into the market. After many families put their plans on hold due to the COVID-19 pandemic, what we once called the busy spring real estate season is shifting into the summer. In 2020, summer is the new
Maine realtors see more out-of-state buyers...
on 2020-05-30 at 12:33 AM
Maine realtors see more out-of-state buyers during pandemic WGME
Realtors: Home sales stay steady in Southeast...
on 2020-05-29 at 11:38 PM
Realtors: Home sales stay steady in Southeast Texas despite Covid-19 KFDM-TV News
‘People are struggling:’ Milwaukee area...
on 2020-05-29 at 10:41 PM
‘People are struggling:’ Milwaukee area realtor creates home-cooked meals for families in need WITI FOX 6 Milwaukee