To see more please click here.
Thursday, July 2, 2009
Saturday, May 16, 2009
Thursday, April 2, 2009
Boston's Hancock Tower Sold at a Distressd Sale Price
From a seller's perspective, the sale price of Boston's Iconic
John Hancock Tower but positive. The 60 story building, the
tallest in the city skyline was purchase at a foreclosure auction
in New York City by a partnership between Normandy Real
Estate Partners and Five Miles Capital Partners for $660.6 million.
That price represent a 50% discount on the $1.3 billion Broadway
Partners paid Beacon Capital Partners for the property in December
2006. Beacon paid $586 million for the asset in 2003. Normandy
Real Estate and Five Miles Capital Partners reportedly had
acquired $75 million of the debt on the 1.7 million sq. ft. property
in June. Early this year Broadway defaulted on the loans, putting
the lenders in position to buy the property.
To see more please click here.
Thursday, March 12, 2009
Monday, January 5, 2009
Trump International Tower Panama
Donald J. Trump Founder and CEO of Trump International launches his first luxury development in Panama.
Trump International Tower Panama will be located in the Punta Pacifica Peninsula in Panama City, Central America. This great tourist residential and hotel complex of more than 2.6 million square feet is now being built in full swing in the strategic and most exclusive community of Punta Pacifica in Panama City and it is destined to become a world class landmark and an icon.
To see more please click here.
Wednesday, December 24, 2008
Downtown LA will come alive with LA Live
LA Live has opened during one of America's worst national economic crises.
The project was master planned 10 years ago and ground breaking in 2005 when the economy was in a boom cycle. These commercial real estate complex is located in the center of the entertainment capital of the world, adjacent to the Downtown Staple Center and Convention Center.
LA Live is a $2.5 billion entertainment, dining, sports, and residential campus in downtown Los Angeles. LA Live will expand its entertainment content to include complimenting venues like Nokia Theatre, Nokia Plaza, Grammy Museum, fully functional broadcast studios, restaurants, cafes, cinemas, bars and other attractions, including the recently open bowling alley, the Lucky Strike Lanes; the Conga Room nightclub; ESPN Zone; Fleming's Steakhouse will make the LA Downtown come alive. AEG the owner and developer expects 20 million people a year will visit LA Live.
To see more please click here.
Ritz - Carlton Hotel and Condominium coming to Downtown LA
The 54 story high rise with hotel rooms and the Ritz Carlton Condominium will attract these million of people. To see more please click here.
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