The Ritz-Carlton Residences, Tampa sets a new standard of sophisticated living with the exceptional design and service standards that the Ritz-Carlton name is known for. Located on beautiful Hillsboro Bay, The Ritz-Carlton Residences, Tampa offers an unparalleled combination of breathtaking views, architectural excellence, legendary service, luxury amenities and a premier location on iconic Bayshore Boulevard. Developed by renowned construction firm Related Group and designed by renowned Arquitectonica, the residence reflects the craftsmanship and strategic collaboration known for elevating a lifestyle to an art form. Its understated grandeur creates an oasis of tranquility and unique exclusivity amid the city's dynamic culture.…
Author: Private Lending Agent
overview Real estate has traditionally been a safe investment, but it has recently become a more challenging industry, with changing working and shopping patterns reducing demand for office and retail space. At the same time, inflation and the interest rate increases implemented to curb it have increased the costs associated with doing business and securing capital. Navigating this period of prolonged uncertainty requires both resilience and strategic foresight. To understand how real estate managers are addressing these challenges, we surveyed 350 companies around the world. From real estate investors to asset managers to pension funds, this diverse group shared their…
Do self-employed people need business insurance? With a sole proprietorship, the business and the individual are considered one legal entity, so there is no distinction between your personal assets and the assets of the business. Because sole proprietors do not separate business and personal assets, if someone sues you, the consequences can be disastrous for you and your company. Therefore, all sole proprietors should have business insurance to protect themselves against a variety of potential risks. Self-employed people aren't typically legally required to carry business insurance because they don't employ employees. But if you end up in legal trouble, you…
Downward angle icon Downward angle icon. Starwood Capital Group Chairman and CEO Barry Sternlicht speaks at the Milken Institute Global Conference in Beverly Hills, California, on May 3, 2022. Patrick T. Fallon/AFP via Getty Images According to Bloomberg, billionaire Starwood CEO Barry Sternlicht sees office property losses reaching $1 trillion. He slammed the Fed for leaving “severe disarray” in the real estate market. Office values have plummeted as remote work proves to be a lasting legacy of the pandemic. Barry Sternlicht, the billionaire CEO of Starwood Capital, said the struggling office market is on track to lose $1 trillion. Sternlicht…
A man walks in front of a map showing Evergrande's retail complexes across China, at a partially open Evergrande shopping complex in Beijing on Monday. Evergrande was once listed as the world's most valuable real estate company, but on Monday a Hong Kong court ordered the company into liquidation. Greg Baker/AFP via Getty Images Hide caption Toggle caption Greg Baker/AFP via Getty Images A man walks in front of a map showing Evergrande's commercial properties across China, at a partially open Evergrande shopping center in Beijing on Monday. Evergrande was once listed as the world's most valuable real estate company,…
September 20, 2021Updated January 29, 2024Image credit: Getty ImagesImage caption: Before the debt crisis, Evergrande was building a new stadium for football team Guangzhou FC.The company's chairman had been under police surveillance in September last year after reports that other current and former executives of Chinese property giant Evergrande had also been detained.What does Evergrande do?Businessman Xu Jiayian founded Evergrande Group, formerly known as Evergrande Group, in 1996 in the southern Chinese city of Guangzhou.The broader Evergrande Group is not limited to property development. The company's businesses range from asset management to electric vehicle manufacturing to food and beverage production,…
Commercial real estate has endured a tough year, with U.S. real estate investment trusts (REITs) falling more than 10% on average. Looking ahead to 2024, the sector still faces three undeniable challenges. First, there is the risk of refinancing existing commercial real estate loans in the ongoing high interest rate environment. According to a Goldman Sachs report published in April 2023, the U.S. commercial real estate sector has about US$1.1 trillion (EUR1.0 trillion) of debt coming due by the end of 2024. Meanwhile, Morgan Stanley projects that US$1.5 trillion of U.S. commercial real estate loans will come due over the…
How to Apply for Clean Energy Tax Credits and Refunds The process for claiming IRA clean energy tax credits and incentives depends on the type of credit you're claiming. Some credits require a detailed application detailing your eligible investments, while others only require you to file a tax return. For example, to apply for the Advanced Energy Project Credit, applicants typically must go through a four-step review process that requires approval from the U.S. Department of Energy. But for the new Qualified Commercial Clean Vehicle Credit, only one taxpayer within a business needs to fill out Form 8936, according to…
January 26, 2024By Steve Blumenthal “I hope there are days when your coffee tastes like magic, your playlist makes you dance, strangers make you smile, and the night sky touches your soul. I hope you fall in love with being alive again.” – Brooke Hampton I really like the Tampa area. Well, except for the football team and the beatdown they gave my Eagles. I’ve been spending the week here, and the temperature reached 80 degrees both Wednesday and Thursday. Much better than the low teens we saw in the Northeast last week. Wednesday was a full day of…
Credit/Shutterstock The Mortgage Bankers Association said it expects the commercial lending recovery it has been predicting for months for 2024 to continue into 2025. The MBA on Tuesday released its first forecast for commercial real estate secured lending through 2025, predicting that loan volume will grow 25% to $717 billion in 2025. The portion secured by multifamily properties is expected to grow 19% to $404 billion in 2025, while loans secured by other types of property are expected to grow 32% to $313 billion. The MBA raised its forecast for commercial real estate production by 3% overall for 2024, after…