A signature financial instrument of the pre-financial crisis real estate boom is about to come due. And for some large real estate owners – particularly in the Midwest and Southeast – that could mean trouble.
More than $53 billion out of $156 billion worth of securitized commercial mortgages that are set to mature in the next two years may find difficulty refinancing or require more investor capital, according to data compiled by Real Capital Analytics.
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Article Published onYoVenice
Hal’s Owner Don Novak On The Future Of His Restaurant |
Novak remembers when Hal’s really took off.
“They were filming the movie ‘Taps’ and Gregory Hines was in here four times a week. He would walk in here with Sammy Davis Jr., Aretha Franklin, and five other big stars from the movie. They took out the tables, they put on music, and they danced in the middle of the room for 20 minutes. Nobody had a cell phone, nobody had a camera, we were just like blown away. There’s a whole batch of stories of people who come in and love Hal’s.” Read More…
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ROGER VINCENT AND ANDREA CHANG
The tech titan has spent nearly $120 million on 12 vacant acres next to a historic hangar where aviator Howard Hughes built his famous “Spruce Goose” airplane in the Playa Vista neighborhood near Marina del Rey. The land is zoned for nearly 900,000 square feet of commercial space that could house offices or studios, vastly more room than Google now occupies in a handful of buildings in Los Angeles County. Read more…
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