Industry News
Morris Bailey and Dennis Gomes are paying $35 million for Resorts Atlantic City, at a time when gambling revenue is declining and customers are being siphoned off to Pennsylvania venues.
The bank is selling its mortgage on the Viceroy Anguilla to Starwood Capital Group at a hefty discount, the latest example of capitulation by a bank that has nursed a troubled real-estate project for years.
The Dutch company's expansion has yielded disappointing results due to the weak economy, competition and the difficulties of exporting Western shopping concepts to a country steeped in different traditions.
A Jacksonville hotel missed paying its mortgage despite $5 million in help from the Hyatt chain.
Kerry Properties bought a luxury residential site in Kowloon Tong for a higher-than-expected price at a government land auction.
Investment Sales
Creating Value in commercial real estate requires diverse skills and experience throughout the process. The professionals at Fairmont Capital are highly qualified to help you navigate these frequently treacherous waters. Their expertise will assist you in making informed and intelligent decisions.
Fairmont Capital supports their real estate offerings with value added services including market research, financial analysis and transaction negotiation. Fairmont Capital’s team utilizes its experience to attain maximum value for your disposition by positioning your property and targeting it to the most qualified investors. Their marketing strategies are crafted to capture target buyer’s attention and leverage the competitive nature of the market.
Fairmont Capital’s track record for investment sales includes the sale of multi-family buildings, high rise CBD office buildings, office parks, suburban office buildings, shopping centers, enclosed regional malls, industrial complexes and development sites.
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