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REVEALED: Massive problem with $1.4b Jewel

SIX years after a glittering VIP-studded sales launch, as few as 12 apartments totalling $20 million have settled in the $1.4 billion Jewel development. Scores of contracts in the striking triple tower are understood to have fallen over in the years since they were signed as the three glistening towers sit all but idle. The failed sales campaign is the latest puzzling revelation in the history of the project, which sits on the beach at southern Surfers Paradise. The cranes have gone and the...
New York United States New South Wales Pacific Beach Surfers Paradise City Of
Source: qt.com.au

OptioLend launches new marketplace to become 'the LendingTree of commercial real estate' – TechCrunch

But from downturns, opportunity emerges. Enter OptioLend, a new startup that wants to help individual investors take advantage of opportunities in commercial real estate by connecting them with โ€œthe best possibleโ€ lenders. The Columbus, Ohio-based company launched its marketplace Tuesday after months of operating in private beta. The new platform uses an AI-powered algorithm and a database of more than 9,500 capital sources to help prospective real estate borrowers in search of debt financi...
United States David Schottenstein Richard Geisenfeld Joel Lowery Schottenstein Family Office North Carolina Based Lendingtree

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