Real Estate

Commercial real estate financing structures often include not only mortgage loans but also mezzanine loans. These latter loans are secured by pledges of ownership interests in the mortgage borrower. If the mezzanine loan defaults, the mezzanine lender can foreclose on the ownership interests in the mortgage borrower. Through that foreclosure, the mezzanine lender, or sometimes
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If you own property in New York City larger than 25,000 square feet, then you need to meet Local Law 97 benchmarks soon as a result of the Climate Mobilization Act. This law stipulates that owners of larger buildings must reduce emissions 40% by 2030 or face substantial fines. However, the change is being phased
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Victor F. “Trey” Trahan III, FAIA, the founder and CEO of Trahan Architects, has been selected as this year’s Laureate of The American Prize for Architecture by both The Chicago Athenaeum: Museum of Architecture and Design and The European Centre for Architecture Art Design and Urban Studies. Trahan Architects is a global architecture firm with
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The hottest NFT on the market may not be an ape or sport’s highlight—but your mortgage.  Indeed, mortgage lender LoanSnap recently announced they had minted the first NFT mortgages in existence, using their Bacon Protocol to wrap seven mortgage liens into tokens collectively worth $1.5 million.  The benefits of such tokens, according to LoanSnap, are
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Interior design legend Kelly Wearstler’s latest collaboration is with JennAir, the trailblazing Benton Harbor, Michigan-based appliance company that invented the first self-ventilated downdraft range. The partnership creates a virtual kitchen concept centered around the brand’s new limited edition range, Smoke and Brass, along with other JennAir products, including its obsidian black Columns.   The virtual kitchen concept marries
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Topline While investors have shied away from China given the country’s recent regulatory crackdown—and especially the troubles in its real estate sector—global asset manager T. Rowe Price says that the near-term volatility creates an “attractive” investment opportunity going into next year. Key Facts Globally, investors have been finding it much easier to invest in companies
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Privately tucked away on a country lane that meanders off of Sunset Boulevard in Los Angeles is a small community of 16 secluded homes that has attracted world-famous politicians, actors and industry leaders.   One house on the sparsely populated lane was previously the home of former California Governor Arnold Schwarzenegger and his ex-wife, journalist Maria
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Joanna is CEO of Quartz Properties, a real estate development company that builds attainably priced modern modular residences. A major construction industry pain point affecting home costs and production is a substantial labor shortage. In fact, labor scarcity ranked as a top issue impacting the construction industry, according to a survey of 400 industry executives, conducted
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