The global investment firm KKR has teamed with Marriott International Inc. (NASDAQ: MAR) in the launch of a new endeavor in the midscale hospitality space in Japan. The new partnership follows KKR’s acquisition of Unizo Hotel Company Limited and a portfolio of 14...
The private equity real estate investment firm PPR Capital Management has teamed with retail business developer and operator Olympus Pines to launch the PPR Opportunity Fund, which will focus on creating new car wash enterprises in strategic, high-growth U.S. markets....
Dallas-headquartered Steward Health Care System, the nation’s largest physician-owned hospital operator, has filed for Chapter 11 protection. Steward operates 33 community hospitals in nine states and has more than 30,000 employees. The company has been dealing with...
The commercial mortgage-backed securities (CMBS) delinquency rate surged in April by 40 basis points to 5.07%, according to new data from Trepp Inc. This marked the highest delinquency rate level since the 5.35% that was recorded in September 2021. “The increase was...
Realtex Inc., a San Francisco-based multifamily real estate investment company, has launched a new seed fund aimed at capitalizing on midsized value-add U.S. multifamily opportunities. The fund will focus on acquiring and enhancing multifamily properties ranging from...
A Colorado real estate agent and investor was sentenced to 90 days in jail and 10 years of supervised probation “with strict financial conditions” for stealing more than $1 million from investors in a real estate scam. Bret Lamperes, 54, pleaded guilty last December...
