Casoro Group CIO Earns Top Commercial Real Estate Award

GlobeSt. Real Estate Forum Names Casoro’s Chief Investment Officer, Chi Hathiramani in Fifty Under 40 in the Commercial Real Estate Industry

Casoro Group CIO, Chi Hathiramani, earns top commercial real estate award
Casoro Group CIO, Chi Hathiramani, earns top commercial real estate award
Casoro Group CIO, Chi Hathiramani, earns top commercial real estate award

Austin, Texas, Oct. 12, 2020 (GLOBE NEWSWIRE) — Casoro Group’s Chief Investment Officer, Chi Hathiramani has been recognized nationally as a remarkable leader within commercial real estate in GlobeSt Real Estate Forum’s Fifty Under 40 in 2020.

The criteria sought out talented, young professionals who have solid track record of noteworthy transaction volume and significant contributions to their company’s overall success. Hathiramani, who recently was named Casoro Group’s CIO in December, leads the firm’s investment strategy, acquisitions, asset management, capital raising, and investor relations teams. Over the last 15 years, he has participated in $2+ billion in multifamily, office, student housing, and retail transactions. Most recently, Hathiramani

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Black Americans Pay More For Homes Than Any Other Group: Study Finds

A new study from MIT has found that Black Americans pay more for homeownership than any other group.

Black Americans, HomeownershipJoe Raedle / Getty Images

The study, conducted by Edward Golding, executive director of the MIT Golub Center for Finance and Policy, reports that Black Americans pay more for mortgage interest, mortgage insurance, and property taxes than other homeowners.

The disparities are as follows: $743 per year in mortgage interest payments, $550 a year mortgage insurance premiums, and$390 per year in property taxes. All-in-all this accounts for a $67,320 loss in retirement savings for Black homeowners over 30 years.

“The small differences compounding over the life of the mortgage and during homeownership can add up,” writes Golding. “Even if it is a few hundred dollars a year here and there, it can amount to another year’s salary families would otherwise have.”

“While mortgage costs are determined by markets to some extent,” said

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Preservation group acquires 6 historic homes in Indiana city

WABASH, Ind. (AP) — A preservation group plans to renovate the exteriors of six run-down homes in a northern Indiana city and put them on the market next year in hopes of spurring a historic neighborhood’s rebirth.

Indiana Landmarks said it acquired the historic homes, built in Wabash between the 1870s and the early 1900s, during an auction. The Indianapolis-based nonprofit said the homes illustrate a range of architectural styles in the city’s East Wabash Historic District.

“There truly is something for everybody, from a modest, wood-frame house to larger Victorians. It’s a mad mix of styles and sizes,” said Paul Hayden, director of Indiana Landmarks’ northwest office in Wabash.


Hayden will lead the renovation of the homes’ exteriors and the effort to put them back on the market in early 2021. The properties recently served as rental housing, and most were divided into apartments.

Wabash has a vibrant downtown,

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Judge In Charge Of Oi Group Recovery Approves Multiple Asset Sale, Including That Of 5 Data Centers Being Executed By Piemonte Holding

SAO PAULO, Oct. 6, 2020 /PRNewswire/ — Fernando Viana, the Rio de Janeiro court judge in charge of Oi Group (OIBR.C) judicial recovery, approved a multiple asset sale of R$22 billion last Monday (5), following Creditors support. The deal includes 5 Data Centers being purchased by Brazilian financial group Piemonte Holding.

Judicial approval of Oi Group asset sale (Data Centers, Oi Mobile and Towers) comes after the creditors general assembly held in September, and a statement from Rodrigo Abreu, CEO of Oi, on Friday, October 2nd, saying that the sale to Piemonte Holding, as well as the others, are a “deal done, with few steps remaining.”

The important approval from Judge Fernando Viana also comes right after a shareholders meeting of Piemonte Holding financial group ensured and expanded support to the acquisition from Oi in Judicial Recovery.

Other than voting on Oi deal support, Piemonte Holding

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Harbor Group International’s Midtown retail property poised for foreclosure

Payments were due on the 10th of each month, but when HGI missed its May payment, the bank took the cash out of the reserve fund; HGI never restored the balance. Reserves are typically used to supplement mortgage payments when the borrower can’t pay the full monthly amount and must be replenished to a minimum amount depending on the size of the loan. It is a practice similar to that of residential landlords who use security deposits when tenants don’t pay rent.

May 22 CIBC let the property owner know it had defaulted, but HGI has yet to make a payment. The investment firm “lacked sufficient revenue” to make the monthly payments, according to the complaint.

“New York retail properties are facing serious challenges due to current market conditions, where rents have dropped significantly,” said Richard Litton, HGI’s president. “We believe in the long-term prospects of this property and will

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CBRE Group: Servicing The Real Estate Industry (NYSE:CBRE)

Buy land, they’re not making it anymore. – Mark Twain

A key issue for investors today is how life will be different on the other side of this pandemic. Real estate, particularly office and retail, is especially in focus as investors expect work-from-home and online shopping trends accelerated shifts that would have taken years to achieve otherwise. Though noting that retail weakness could be offset by industrial real estate, e-commerce boosts the demand for warehouse space across the country.

The path forward for office real estate is less clear as select companies commit to long-term work-from-home arrangements, while others are starting to call employees back. It seems likely that some in-person work will remain an essential aspect of future work arrangements, and a move to less dense office could also help support occupancy levels.

Considering alternative ways to gain exposure to real estate, let’s look instead at a servicer. CBRE

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Court clears way for sale of Brooks Brothers Canada assets to SPARC Group LLC



a group of people walking in front of a store


© Provided by The Canadian Press


TORONTO — An Ontario Superior Court judge has granted an order adding Brooks Brothers Canada Ltd. to its parent company’s U.S. bankruptcy proceedings, paving the way for the sale of the luxury clothing retailer’s Canadian assets. 

The order, issued by Justice Glenn Hainey under the cross-border insolvencies section of the Companies’ Creditors Arrangement Act, allows Brooks Brothers Group Inc. to act as the Canadian retailer’s foreign representative.

It also recognizes the U.S. Bankruptcy Court Chapter 11 restructuring process as the foreign main proceeding and grants a stay against debtors. 

The court approval clears the sale of the 202-year-old clothier’s Canadian assets — mainly inventory — to SPARC Group LLC, which purchased Brooks Brothers and its subsidiaries and affiliates for $325 million last month.

SPARC, which stands for Simon Properties Authentic Retail Concepts, is a joint venture between Authentic Brands Group and Simon Property Group.

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Person of interest in group home probe oversaw seven other boarding homes in Houston, authorities say

A man at the center of a probe into an overcrowded, unlicensed group home in Harris County has been tied to seven other similar Houston properties, for which he has been cited more than 200 times over a roughly three-year period, police said Thursday.

Carroll Shelton Richardson was identified this week as a person of interest by the Harris County Pct. 7 Constable’s Office, which on Monday removed at least 35 abused or neglected residents found living in “deplorable” conditions in the Caring Hands Group Home in the 14000 block of Long Meadow Drive. Most of the residents had been diagnosed with mental or physical disabilities, and some did not have any food or medication, according to the constable’s office.

Two deaths also had been reported at the home over the previous two months. State Sen. Borris Miles, whose district includes the home, said he visited the property this week

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[JOIN GROUP IN DESC] THE CONDO

[JOIN GROUP IN DESC] THE CONDO – Roblox

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