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.
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.