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Un proyecto de alta densidad se construirá en la antigua sede del Miami Arena en Worldcenter


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Un proyecto de alta densidad se construirá en la antigua sede del Miami Arena en Worldcenter
Witkoff se refirió al proyecto convencido sobre el crecimiento de Miami y las ventajas del transporte público así como centros culturales cercanos
Una asociación de dos compañías de Nueva York y Chicago ha anunciado que construirán un proyecto en el antiguo sitio de Miami Arena en Worldcenter.
Witkoff Group de Nueva York y Monroe Capital de Chicago anunciaron en un comunicado de prensa la semana pasada que habían comprado el sitio de 4.7 acres por $ 94 millones. ....

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Opportunistic Financing: Not Distressed, Difficult Credits - Article


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Opportunistic Financing: Not Distressed, Difficult Credits
Within the finance world, many sophisticated investors assume opportunistic funds are primarily focused on event-driven strategies designed to step in during economic dislocations and make directional bets. During normal markets, the conventional wisdom is, these funds will “wait around” holding capital (often with a severe drag on returns) until the next cyclical shift takes form and these funds go “all-in” on a handful of themes or mandates. However, the past 12 months – marked by extremes to both downside and upside scenarios – have demonstrated that certain opportunistic strategies are indeed “all-weather,” characterized by returns that can be consistent in any market and are often elevated during market dislocations. ....

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Howard Lorber Steve Witkoff Launch SPAC


Howard Lorber and Steve Witkoff (Getty, iStock)
Frequent business partners Howard Lorber and Steve Witkoff have a new project, but it’s not a condo or hotel. It’s a SPAC.
The developers’ Ocean Drive Acquisition Corp. is looking to raise $250 million from investors to take a proptech startup public, according to a regulatory filing. In addition to Lorber and Witkoff, asset manager Monroe Capital is sponsoring the blank-check company.
“Technology has become a strategic imperative as [real estate] owners seek ways to increase the efficiency of their assets,” the filing said. “Our management team has specific experience and knowledge regarding the real estate industry and companies that provide technological solutions and innovation.” ....

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