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Monarch Alternative Capital and Crestlight Capital Purchase Office Portfolio in Growing Minneapolis Submarket News provided by Share this article Share this article NEW YORK, April 5, 2021 /PRNewswire/ Monarch Alternative Capital LP, a leading investment firm with approximately $9 billion of assets under management, and Crestlight Capital, a Detroit-based private equity real estate investment firm, today announced the acquisition of a portfolio of three office buildings within the fast-growing North Loop submarket of Minneapolis, Minnesota. The three office buildings are located at 241 N. 5 th Avenue, 411 Washington Avenue and 500 N. 3 rd Avenue. All of the properties were developed and sold by an entity owned by Swervo Development Corporation. ....
‘Purgatory’ Grips $146 Billion of Distressed Commercial Property The pandemic helped push about $146 billion of commercial real estate into distress or serious risk of bankruptcy last year, according to Real Capital Analytics. Bloomberg | Feb 25, 2021 (Bloomberg) Good news about vaccines and rallying financial markets suggest the end of the coronavirus pandemic is in sight, but the worst may still be to come for commercial properties. The coronavirus outbreak helped push about $146 billion of commercial real estate into distress, serious risk of bankruptcy or default at the end of last year, concentrated in hotels and retail, according to data compiled by Real Capital Analytics, a commercial real estate data firm. ....
Interview: Adam Sklar - A 27-Year-Old Building Hardcore Hardtails from Steel and Titanium Feb 5, 2021 Don t have an account? Sign up I first saw one of Adam Sklar s bikes at a cyclocross race in Sandpoint, Idaho, in 2014. A friend had just received his new bike from a Montana frame builder and was putting it through its paces for the first time, so a crew of us took turns pedaling it around. The blue-purple faded powder coat, elegantly curved steel tubes, and light weight made it more memorable than just about any cross bike I ve seen before or since. I m a sucker for a pretty bike, and that frame was beautiful. My parking lot test proved that it was more than just good looks, and I wanted to know more. ....