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/PRNewswire/ -- A new book released today by Amplify Publishing chronicles the stranger-than-fiction life of a New York businessman who was involved in some of...
Betting on Florida real estate could be a big mistake Jeffrey Greenberg/Education Images/Universal Images Group/Getty Images This story is available exclusively to Insider subscribers. Become an Insider and start reading now. South Florida faces a climate crisis as rising sea levels imperil real estate in coastal areas. New residents and investors who moved there in droves during the pandemic need to know the risks. The increased likelihood of flooding endangers trillions of dollars of coastal real estate. The real-estate sce...
Industry insiders say likely logistics companies and e-commerce operators would be likely acquisition targets. Retail REIT Simon Property Group, the country’s largest operator of regional malls, is riding the SPAC wave. We don’t know yet where that wave will take the company, but industry insiders offer a number of guesses. On Jan. 29, Indianapolis-based Simon filed paperwork with the U.S. Securities and Exchange Commission (SEC) to form a special purpose acquisition company, or SPAC. The SPAC, called Simon Property Group Acquisition Holdings Inc., seeks to raise at least $300 million...
Shelborne South Beach and Seagull Hotel (Shelborne, Google Maps) The hotel market was among the hardest hit sectors of the coronavirus pandemic in 2020, resulting in many owners scrambling to survive. After many hotels laid off the majority of their staff in March and subsequent months, a number of properties remained closed until the winter. And some have yet to reopen, as domestic and international travel remains low. In South Florida, the pandemic led to forbearance agreements with lenders, some foreclosure filings, new equity investors, out-of-court UCC foreclosures, merging of ownership,...