Construction
New York developer Nir Meir was arrested in Miami and later indicted in connection to alleged fraudulent activities.
Investment
Investors are eyeing significant opportunities in manufactured housing despite the negative perception surrounding them.
Healthcare
In Q4 2023, Medical Properties Trust, the largest hospital landlord in the U.S., had a loss of $664M, which was related to its tenant Steward Health Care. MPT is working with Steward’s lenders to allocate a bridge loan of $37.5M.
Capital Markets
Bob Knakal announced on LinkedIn and X that he had departed from JLL after six years at the company.
An S&P Global release found that Avison Young went into default on its $325M loan. Avison Young CEO Mark Rose said that an agreement was made between investors and lenders that involves restructuring and cutting over half of its debt down.
CoStar has acquired its new headquarters building in Central Place, a 552K SF office tower in Arlington, Virginia. The company’s headquarters had been in Washington, D.C.. for the last 14 years.
Office
Boston Properties acquired three joint venture partners for three offices in Washington, D.C., New York City and Santa Monica and the company has been exploring opportunities in the office sector.
Attorneys have filed a claim against CrowdStreet for the 12 investors whose combined $1.5M was misappropriated by Nightingale. They’re calling for all of the investors’ money on CrowdStreet to be returned.
Despite the grim outlook for offices, Paul Darrah, Citadel’s chief workplace officer, said that companies are taking advantage of the space they have in creative ways in an effort to attract employees back to the office.
EDITOR’S NOTE: Parts of this story were generated by AI and have been reviewed by our editorial team for accuracy.