Today’s higher interest rates and downturn in many commercial real estate markets are shining an unfortunate light on the terms of nonrecourse carveout guaranties, the “limited” guaranties that lenders often require principals of borrowers to sign to incentivize the borrower to behave in certain ways. When today’s lenders (or opportunistic purchasers of defaulted loans) realize they won’t recover their principal and interest through a foreclosure sale, they often pull the nonrecourse carveout guaranty out of their drawer and see what they can come up with to make a claim against the guarantor. Those claims have produced a number of expert…

In January of this year, Redfin executive Joe Rath shared a piece of remarkable data: according to his research conducted in partnership with Inman Intel, 71% of licensed real estate agents nationwide made NO deals in 2024. Even if this turns out to be a bit of an overstatement, there can be no doubt that 20% of the licensed agents out there generated close to 90% of the transactions completed in 2024. Now, many licensees work at real estate part time, or not at all. But this remarkable statistic highlights a reality which often goes unappreciated among consumers; real estate…

When you’re looking to acquire a commercial property, getting the best price is an important step in the process. Whether you’re a first-time investor or a veteran in the game, you’ll want to follow steps to negotiate a figure and terms that work for you and your business plan. I always share with others that the one thing you can’t change in a deal is the price you’ve paid—and if you can gain inside information, you’ll be in a great position going into the bidding process. Follow these steps to get the best value when investing in real estate. Understand…

First, catch your tarpon. And make sure you’ve got the right equipment, because these silvery giants of the deep fight and leap high into the air when hooked. Who knows if this is a world record because… well, we all know the world of fishing speaks for itself. But a 250-pound monster nearly dragged one guy off his boat out there on the salty waves of YouTube. The tarpon capital of the world is in Florida. The little village of Boca Grande sits on the seven-mile-long Gasparilla Island, one of the barrier islands on the west coast about 100 miles…

Recently, escalating economic tensions between Canada and the United States, prominently intensified under President Donald Trump’s administration, have consistently featured retaliatory tariffs as the primary political instrument. While these measures might garner immediate political visibility, their effectiveness as sustainable economic strategies remains highly questionable. While the desire to see Canadians unite with a strong, collective voice against tariffs is understandable, it is crucial to carefully examine the long-term economic and societal consequences of such measures. Emphasizing the importance of rational, evidence-based analysis over emotional or symbolic responses is essential to safeguarding Canada’s economic resilience and strength. Historically and economically, retaliatory…

Stepping into a designer’s home always feels special. There’s a distinct charm, often highlighted by unique touches, original art, and carefully curated décor. Everything flows seamlessly, not just because of what they have but also because of what they don’t. So, what are the biggest interior design mistakes professionals avoid for themselves? We asked the experts to find out. Here are ten things interior designers would never do in their own homes. Match Everything Perfectly While it’s certainly convenient to buy a sofa, loveseat, and matching accent chair from the same store, this perfectly coordinated look is the opposite of…

Recently, escalating economic tensions between Canada and the United States, prominently intensified under President Donald Trump’s administration, have consistently featured retaliatory tariffs as the primary political instrument. While these measures might garner immediate political visibility, their effectiveness as sustainable economic strategies remains highly questionable. As Canadians, the instinctive urge to unite in defiance of unfair trade practices, especially those initiated during the Trump administration, is both understandable and commendable. Patriotism and solidarity in the face of external pressures often inspire collective pride and national resilience. Indeed, a unified Canadian message against protectionist policies like tariffs is emotionally appealing and politically…

Billionaire Kwek Leng Beng has withdrawn the court case he filed against his son last month as the top executives of City Developments Ltd. (CDL) jostled for control of the Singapore property giant. “The court proceedings have been settled and will be discontinued,” CDL said in a statement late Wednesday. In the case filed with the Singapore High Court in late February, the elder Kwek accused Sherman of an “attempted coup at the board level” by appointing two new board members without proper vetting by the nomination committee. The boardroom brawl made public a brewing feud between Kwek Leng Beng,…

Today’s global housing crisis has city leaders, federal governments and real estate stakeholders all pointing fingers in different directions to provide new housing solutions at a manageable cost. Some innovative models take a different approach – sharing. Sharing isn’t unique, but in some cases, can provide a unique opportunity for better cost absorption, whether it’s roommates sharing space, or various functions sharing a space. These innovators are re-imagining spaces to be more thoughtful, to deliver more value to residents, and to deliver value to the community at large. Home Sharing By The Numbers As buyers and renters look for affordable…

Ayala Land—controlled by billionaire Jaime Zobel de Ayala and his family’s Ayala Corp., the Philippines’ oldest conglomerate—will spend $500 million to almost double its hotel rooms by 2030 to ride the tourism boom. Ayala Land Hospitality Corp. targets to have 7,500 room keys by 2030, up from over 4,000 now, Ayala Land chief financial officer Augusto Bengzon said in a statement to the stock exchange Wednesday. Ayala Land has rebranded the unit into Ayala Land Hospitality from Ayala Land Hotels & Resorts to reposition it amid an expected travel boom, according to the statement.Philippine billionaires from the heirs of the…