Industry News
The Helmsley Carlton House is being sold to a partnership between private-equity firm Angelo, Gordon & Co. and Extell Development for about $170 million.
A handful of investors dug to the bottom of the discount bin and snapped up General Growth's convertible bonds at three cents on the dollar. They now trade at 103 cents.
Forty thousand more hotel rooms on the Continent would have Marriott brand names in the next few years under the company's plan.
The New York real-estate investor will buy one of the nation's largest commercial-mortgage-servicing specialists for $100 million in new equity and assuming $180 million of Centerline's debt.
Metric Property Investments hopes to raise £150 million in an IPO on the London Stock Exchange's main market as it seeks to take advantage of the sharp downturn in property values.
Real Estate Ownership and Equity
Fairmont Capital has over 25 years experience in real estate ownership and development and is currently active in many real estate joint ventures. Fairmont Capital serves as principal, advisor, as well as syndicator for commercial real estate transactions nationwide.
Fairmont maintains an accomplished history of asset ownership and management, primarily in the office, retail and multi-family sectors. These properties are located in various locales nationwide.
Fairmont Capital has also developed a plethora of development projects in the New York Metropolitan area which has earned them the status of a quality and premier developer. These projects include, amongst others, ground up development projects of condominium buildings, tract housing, property assemblages and developments that have required substantial rezoning.
Through its network of investors and strategic partners, Fairmont Capital is a leading provider of equity capital for investment in the acquisition and/or development of property.
Should you have a project that you would like us to consider or wish to invest through us, please contact us at 877-632-4722 or at info@fairmontcap.com.