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East End Capital’s Jonathon Yormak, BentallGreenOak’s Sonny Kalsi and 100 Biscayne Boulevard. (East End Capital, BentallGreenOak)
East End Capital and a pair of Australian investors were ordered to pay back a $5.5 million deposit tied to the failed $98.8 million sale of their office tower in downtown Miami.
BentallGreenOak had put the funds in escrow last year as part of its planned purchase of the 30-story 100 Biscayne office building at 100 Biscayne Boulevard and garage at 130 Biscayne Boulevard.
Toronto- and New York-based BentallGreenOak, led by Sonny Kalsi, pulled out of the deal to buy the 100 Biscayne tower because the sellers provided incomplete estoppel documents for four tenants, according to court filings.
To End Capitalâs Terminal Crisis We Must Solve the Crisis of Revolutionary Leadership!
This international workers day, revolutionary workers have to confront the question: can we workers organise as a class conscious vanguard and make a revolution in time to end the terminal crisis of capital and prevent the destruction of humanity? We are talking about 10 years. If there is no global revolution in that time we are facing the extinction of humanity. That is what terminal crisis means. The self-destruction of capitalism would be a dystopia, but there is no coming back from extinction. Facing chronic falling profits,(1) climate collapse,(2) and out-of-control pandemics, (3) capitalism cannot save itself from its death drive and threatens to take down humanity with it. We have no choice but socialism or extinction. For workers, and humanity, to survive and live fully in harmony with nature, capitalism has to be overthrown by an international socialist revolution and replaced by a