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Las Vegas’ Iconic Tropicana Hotel is Demolished

Las Vegas’ Iconic Tropicana Hotel is Demolished

by Phil Hall | Oct 9, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

One of the most iconic lodging destinations on the Las Vegas Strip disappeared into rubble this morning as the Tropicana Hotel was taken down in a demolition implosion. The hotel’s two towers were brought down by Controlled Demolition Inc. at 2:37 a.m. PDT. The...
Analysts Forecast Hurricane Milton Could Damage Disney’s Earnings

Analysts Forecast Hurricane Milton Could Damage Disney’s Earnings

by Phil Hall | Oct 8, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Walt Disney Co. (NYSE: DIS) is keeping its Disney World theme park in Orlando open as Hurricane Milton approaches Florida, and a new projection by Goldman Sachs analysts warns the storm could damage the entertainment giant’s earnings. CNBC reported the new Goldman...
Los Angeles Commercial Real Estate Agent Indicted on Tax Evasion

Los Angeles Commercial Real Estate Agent Indicted on Tax Evasion

by Phil Hall | Oct 8, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A Los Angeles-based commercial real estate agent was indicted for evading the payment of his individual income taxes and for obstructing the IRS in its efforts to collect those taxes. According to the indictment, Gabriel Guerrero has a history of failing to file tax...
Ares Management Corporation to Acquire GCP International

Ares Management Corporation to Acquire GCP International

by Phil Hall | Oct 8, 2024 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Ares Management Corporation (NYSE: ARES) announced it will acquire the GCP International, the global business of GLP Capital Partners Limited, for approximately $1.8 billion in cash and approximately $1.9 billion in Ares Class A Common Shares. According to the...
Matterhorn Venture Partners Names Gary Nussbaum as a Principal

Matterhorn Venture Partners Names Gary Nussbaum as a Principal

by Phil Hall | Oct 8, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Matterhorn Venture Partners (MVP), a Chicago-based real estate investment firm, has hired Gary Nussbaum as a principal. In his new role, Nussbaum will source and implement new acquisition opportunities throughout primary US real estate markets, with a focus on...
New Fund Seeks to Capture CMBS Opportunities

New Fund Seeks to Capture CMBS Opportunities

by Phil Hall | Oct 7, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Agent Tools, Real Estate Investing, WRE News Exclusive

Deer Park Road Management Company LP, an alternative asset management firm, announced the launch of Deer Park Commercial Mortgage Opportunity Fund I as a closed-end fund focused on realizing long-term growth of capital from opportunities within distressed commercial...
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