Latest Breaking News On - ஏஞ்சலோ கோர்டந் - Page 3 : comparemela.com
Developer plans to transform Budd Co site in Philadelphia into life sciences campus
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Car giants Porsche, Volvo to open 60,000 s/f of showroom space at Industry City
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Industry City Secures Porsche and Volvo as Tenants
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Dayton s Project lender throws new wrinkle: foreclosure sale The city of Minneapolis supports the developer and plans to weigh in on court battle. July 13, 2021 5:26pm Text size Copy shortlink:
A key lender of the Dayton s Project on Nicollet Mall now wants to auction off the loan to the highest bidder, a move the project s developer along with the city of Minneapolis and downtown boosters plan to fight in court.
New York-based Monarch Alternative Capital purchased the original $78 million mezzanine loan on the iconic, but mostly vacant, former Minneapolis department store from investor Angelo Gordon in February.
In recent weeks, however, Monarch informed the developer and owner of the Dayton s Project, 601 Minnesota Mezz, that it considers the collateralized loan in default because it missed key leasing targets and deadlines.
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Furniture rental company Feather has leased a 33,000 s/f
warehouse space at Industry City.
A direct-to-consumer sustainability-minded company, Feather
has relocated its warehouse operations to the Sunset Park campus owned by
Belvedere Capital, Jamestown and Angelo Gordon & Co. to accommodate an increase
in business
In 2020, Feather experienced a 400 percent increase in
demand from the prior year for work-from-home items, in addition to a 260
percent increase in items they describe as “cozy,” such as chairs and sofas.
Feather’s product portfolio is primarily designed by its
in-house team, but the company also partners with popular brands such as West
Elm an Industry City tenant Floyd, and Pottery Barn.