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What Tom Barrack’s Arrest Means for DigitalBridge/Colony Capital
Jul 22, 2021

What Tom Barrack’s Arrest Means for DigitalBridge/Colony Capital

In the autumn of 2018 and following political misadventures that would lead to his arrest on federal charges Tuesday, Thomas Barrack returned from a four-year hiatus to retake the reins at Colony Capi…
Colony Capital’s Largest CMBS Hotel Portfolios Face Receivership - The Real Deal
Jul 14, 2020

Colony Capital’s Largest CMBS Hotel Portfolios Face Receivership - The Real Deal

When Colony Capital revealed in May that it was in discussions with lenders after having defaulted on $3.2 billion in hotel loans, the Tom Barrack-led firm cautioned “there can be no assurances that t…
Highgate Hotels Buys $2.8B Colony Capital Hotel Portfolio
Sep 24, 2020

Highgate Hotels Buys $2.8B Colony Capital Hotel Portfolio

Tom Barrack’s Colony Capital is selling the majority of its beleaguered hotel business to private investor Highgate Hotels in a deal valuing the properties at $2.8 billion. It’s the largest shakeup th…
Colony Capital Seeks to Pivot Away from Legacy Hotel Assets - The Real Deal
Jun 17, 2020

Colony Capital Seeks to Pivot Away from Legacy Hotel Assets - The Real Deal

Tom Barrack’s Colony Capital has spent the last several years pivoting away from “legacy” real estate assets toward digital properties like cell phone towers, optic fiber networks and data centers. Bu…
Digital Bridge To Sell Last Chunk of Hotel Portfolio
Aug 18, 2021

Digital Bridge To Sell Last Chunk of Hotel Portfolio

Digital Bridge, the real estate investment trust formerly known as Colony Capital, is finalizing the disposition of the rest of its troubled hotel portfolio. The company found a buyer for a 48-hotel p…
Tom Barrack Arrested, Charged with Lobbying Trump for UAE
Jul 20, 2021

Tom Barrack Arrested, Charged with Lobbying Trump for UAE

UPDATED July 20, 2021, 6:08 p.m.: Real estate titan Tom Barrack was arrested on Tuesday morning on federal charges tied to illegally lobbying Donald Trump for the United Arab Emirates, according to th…
Covid-19’s Distress Investors Eye Big Opportunities
Aug 17, 2020

Covid-19’s Distress Investors Eye Big Opportunities

This story was originally published in May 2020. As the coronavirus pandemic bore down on the economy, veteran investor Tom Barrack emerged as one of the loudest voices urging a lifeline for the real …
Covid-19’s Distress Investors Eye Big Opportunities
May 29, 2020

Covid-19’s Distress Investors Eye Big Opportunities

As the coronavirus pandemic bore down on the economy, veteran investor Tom Barrack emerged as one of the loudest voices urging a lifeline for the real estate industry. Barrack, the head of Colony Capi…
Colony Capital Looks for Alternatives for Hotel Portfolio
May 28, 2020

Colony Capital Looks for Alternatives for Hotel Portfolio

Colony Capital is weighing its options for its portfolio of hotels. The Tom Barrack-led company has hired Moelis & Co to evaluate alternatives for the holdings, which include full-service, extended-st…
Huge US Hotel Portfolios Fall Into Special Servicing
Apr 16, 2020

Huge US Hotel Portfolios Fall Into Special Servicing

As the coronavirus roils the commercial-mortgage backed securities market, loans on hotel properties have been ahead of the curve when it comes to delinquencies and special servicing. Three massive CM…
What tenants pay at Downtown LA's One California Plaza
Sep 25, 2020

What tenants pay at Downtown LA's One California Plaza

Colony Capital may be all-in on cutting-edge digital real estate these days, but just a few years ago, the company was still very much in the business of old-school real estate buys. Like in 2017, whe…
Covid-19’s Distress Investors Eye Big Opportunities
Jan 1, 2000

Covid-19’s Distress Investors Eye Big Opportunities

As the coronavirus pandemic bore down on the economy, veteran investor Tom Barrack emerged as one of the loudest voices urging a lifeline for the real estate industry. Barrack, the head of Colony Capi…
Ted Cruz | EB-5 | Tom Barrack
Jun 9, 2017

Ted Cruz | EB-5 | Tom Barrack

Loans for home flipping hit nine-year high Did anyone say bubble? Eight years ago, many bankers would have been worried about the prospect of home-flipping loans approaching the volume that they reach…
Hotel and Retail CMBS Loans Raise New Concerns
Jun 12, 2020

Hotel and Retail CMBS Loans Raise New Concerns

Carlos Rodriguez Sr. set off from Costa Rica nearly 25 years ago for what seemed like a surefire bet: developing and operating hotels in Florida, where both tourism and business travel were in perpetu…
Submerged in securities: Many CMBS hospitality loans may be underwater soon - The Real Deal
Jan 1, 2000

Submerged in securities: Many CMBS hospitality loans may be underwater soon - The Real Deal

Carlos Rodriguez Sr. set off from Costa Rica nearly 25 years ago for what seemed like a surefire bet: developing and operating hotels in Florida, where both tourism and business travel were in perpetu…
Grant King tries to save his LA hotel empire — again
Mar 2, 2023

Grant King tries to save his LA hotel empire — again

Grant King with the Thompson (left) and Tommie hotels in Hollywood (Photo-illustration by Paul Dilakian/The Real Deal) UPDATED: March, 2, 2023, 12:50 Grant King is used to financial fights. In 2012…
Thousands of CRE Borrowers Ask for Debt Relief - The Real Deal
Apr 2, 2020

Thousands of CRE Borrowers Ask for Debt Relief - The Real Deal

The number of commercial real estate borrowers who requested debt relief during the escalation of the coronavirus outbreak in the U.S. has lurched to 2,600, with borrowers against hotel and retail ass…
Rampante Realty Has hired JLL To Sell 401 S. State St.
May 14, 2020

Rampante Realty Has hired JLL To Sell 401 S. State St.

The owner of a historic Loop office building that is suing its sole tenant for skipping out on a long-term lease deal is now looking to sell the troubled asset. Rampante Realty has hired JLL to unload…
Blackstone Skips Payment on $274 Million Hotel Debt
Jun 29, 2020

Blackstone Skips Payment on $274 Million Hotel Debt

As the hospitality sector struggles to regain its footing, Blackstone skipped a payment on a $274 million hotel loan. The mammoth firm described the hotel deal as “a very small investment that had bee…
Whistleblower: Wall Street Has Engaged in Widespread Manipulation of Mortgage Funds
May 18, 2020

Whistleblower: Wall Street Has Engaged in Widespread Manipulation of Mortgage Funds

ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter to receive stories like this one in your inbox. Among the toxic contributors to the financial crisis…