Kimpton Hotels & Restaurants, a division of IHG Hotels & Resorts (NYSE: IHG), is teaming with Extell Development Company for the creation of a new hotel at New York City’s Rockefeller Center. The 33-story Kimpton Rockefeller Center is set to open in late 2025...
Medical Properties Trust Inc. (NYSE: MPW) announced a settlement agreement with the bankrupt Steward Health Care System, along with its secured lenders (“the Lenders”) and the Unsecured Creditors Committee, that will cut its relationship with Steward and restore the...
A group of former Trump administration officials are reportedly putting together a new plan to end the 16-year federal conservatorship of the government-sponsored enterprises (GSEs) Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC). The Wall Street Journal,...
Propy, a blockchain real estate platform, announced the appointment of Michael Piwowar, a former commissioner of the Securities and Exchange Commission (SEC), as an advisory board member. In his new role, Piwowar will be tasked with helping the company navigate the...
Two Quebec real estate brokers had their licenses suspended for two months after being accused of encouraging friends and family members to submit phony bogus offers as part of a scheme to drive up home prices. CTV News reported the regulator for the province’s real...
Maverick Real Estate Partners LLC (“Maverick”), a New York City-based investment manager focused on distressed debt secured by commercial real estate, has closed Maverick Lien Fund VII LP with commitments of $232.4 million from pension funds, endowments, foundations,...
Hits and Misses for the Real Estate Week of June 15-19
