Starwood sues Joel Schreiber for $272M over LA building
Starwood Capital is at its wits end with Joel Schreiber. Barry Sternlicht’s firm is suing Schreiber, best known as...
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Keith Larsen
Foreclosure looms for 444 South Flower in Downtown LA
Oaktree Capital initiated a foreclosure on a 48-story tower in Downtown L.A., a possible sign of distress for the...
Starwood entity looks to foreclose on Broadway Trade Center
WeWork’s first investor Joel Schreiber faces a foreclosure on his Broadway Trade Center by its lender just as he...
Shvo adds touch of Saks to Beverly Hills condos
New York-based developer and marketing maven Michael Shvo has lined up Saks Fifth Avenue to provide “VIP services and...
Default risk for Chinese parent of DTLA’s Metropolis complex
The Chinese parent company of Pacific Park co-developer Greenland USA is at risk of defaulting on its debt payments....
New York
Default risk for Chinese parent of DTLA’s Metropolis complex
The Chinese parent company of the developer behind the 3.3 million-square-foot Metropolis hotel-and-residential complex is Downtown Los Angeles is...
WeWork’s first investor in grind on DTLA’s Broadway Trade Center
UPDATED, May 23, 2022, 10:00 p.m.: Joel Schreiber struck gold when he met Adam Neumann and became the first...
Miami Issue
Trouble in paradise: How a Miami developer’s Nicaraguan venture went south
Miami developers Ophir Sternberg and Ricardo Dunin spent about four years and millions of dollars trying to turn a...
National
Boston Properties: Crime, Covid hindering urban office recovery
The outlook for major office markets is gradually improving, but it’s not just Covid variants that are keeping buildings...
National
WeWork’s Marcelo Claure to leave SoftBank: reports
UPDATED Feb. 2, 2022, 5:42 p.m.: Marcelo Claure is leaving SoftBank and WeWork amid a disagreement over his request...