Korean lender sues for $40M over Ceruzzi condo mezz loan
When South Korea’s Meritz Securities put together a $350 million inventory loan for a Ceruzzi Properties condo tower last...
Foreign Investment
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National Insights
South Korea now No. 2 foreign investor in US CRE
Foreign investment in U.S. real estate declined in 2020, but South Koreans didn’t get the memo. Capital flows from...
National
Stockbridge and South Korean firm strike $2B warehouse deal
Shopping online more than usual? Real estate investors are taking notice. With a surge in e-commerce creating more demand...
National
“There’s a lot of money to be made”: IRS targets foreign real estate investors
In the past month, the Internal Revenue Service has announced two new audit campaigns targeting overseas investors who own...
National
Opportunity Zone rule change seeks to entice foreign investors
Potential changes to the rules for Opportunity Zones could soon allow some foreign investors to reap major tax benefits...
National
$700M Seattle office tower buy would be among largest Covid-era property deals
In what could soon be the biggest single-property acquisition of the Coronavirus era, a South Korean consortium has signed...
National
Here’s how much Covid has crushed global RE investment
Global real estate investment was slammed over the first six months of the year, falling by a third compared...
National
Private real estate investment deals tumble worldwide
The number of private real estate investment deals plunged worldwide last month, the latest example of the coronavirus’ all-consuming...
Los Angeles Subscriber
LA is one of the trickiest cities for institutional investors to understand. Here’s why
Dorothy Parker is often misquoted as calling L.A. “72 suburbs in search of a city.” The famous satirist probably didn’t say that, but whoever...
National
Mysterious billionaire who bought $262M London mansion is obsessed with blockbuster real estate deals
There isn’t much known about the man behind the rumored $262 million purchase of a 45-room mansion overlooking Hyde Park in London, other than...