CGI Merchant Group, the Miami-based investor that acquired the lease of The Trump International Hotel in Washington, D.C., in 2022 for $375 million, has defaulted on a $285 million loan related to the property. According to a Wall Street Journal report sourced from...
An upstart trade group’s PR coup, an iconic theater saved by Hollywood’s A-list and an unwanted honor for New Jersey. From the wild and wooly world of real estate, here are the Hits and Misses for the week of Feb. 19-23. Hit: The Voice of the Industry? Real estate...
The New York judge who ordered former President Donald Trump to pay more than $354 million plus interest in his recent civil fraud trial has refused to allow a delay in the judgment’s enforcement. TheHill.com reported Judge Arthur Engoron rejected a request by the...
Trilogy Real Estate Group, a Chicago-based real estate investment and property management firm, has hired Margo Steahly as senior vice president for sales operations and due diligence. In her new job, Steahly will be responsible for furthering the sales efforts of...
A new data report from ATTOM is highlighting a spike in commercial foreclosures over the last four years, from a low of 141 in May 2020 to the current figure of 635 in January. ATTOM noted May 2020 marked a significant low in commercial foreclosures due to the impacts...
The telecommunications company BT Group has announced the sale of its London landmark BT Tower to MCR Hotels for $346 million, with the new owner planning to transform the structure into a hotel. Located in the Fitzrovia district of Central London, the 620-foot-tall...
Missouri Home Sales Up 5.2%
