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Investment

Chris Okada has bet big before. In 2005, he put his entire life savings of $30,000 on the line to create his own firm, Okada & Company. You could argue that he didn’t have to since he had a chance to take over his late father’s real estate firm (Okada International Corporation) when his father was gearing up for retirement....
Subscribers Only Newsletter Propmodo’s weekly perspective on commercial real estate and things interesting to real estate executives. Curated by Franco Faraudo. View Archive Rate hikes are about all anyone is talking about in commercial real estate these days. For good reason, as borrowing costs rise buildings become less profitable and therefore less valuable. Cap rate expansion (aka lower building value)...

Inside New York City’s Largest-Ever Office-to-Residential Conversion

One Wall Street is Harry Macklowe's latest real estate gamble

One Wall Street. The address is easy enough to remember. But that’s where the simplicity stops.  This is Harry Macklowe we’re talking about.  Known as one of the biggest risk-takers in New York City real estate, few figures are as seminal in Manhattan as Macklowe. He’s best known for building skyscrapers, office buildings, and ambitious residential developments throughout his six-decade...
Recent headlines about the challenges of real estate development revolve around rising costs and supply delays. But if you ask a developer about their biggest project headaches, they’ll probably talk less about costs of construction and more about community opposition.  Some neighbors embody the definition of a NIMBY, someone who doesn’t want any change in their neighborhood. There is little...
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