#cim-group

#cim-group

I never expected to own a home. I wasn't born into generational wealth. I grew up poor. There was-and is-no big family inheritance coming my way. Not property. Not cash. Not stocks or bonds or whatever financial instrument one might trade or sell or leverage to join the landed class.

BHI provided a $167 million construction loan to Yellowstone Real Estate Investments for the conversion of the Candler Building into a 176-unit residential tower with retail space, totaling $203 million in financing.

The partnership of Goldman Sachs and JPMorgan Chase, who purchased the mall property out of receivership in November and foreclosed on a $560 million outstanding loan tied to it, have selected Presidio Bay and Prado Group to take over the property for an undisclosed sum. The Chronicle reported that the estimated winning bid amount was around $130 million.

Through Community Facilities Districts (CFD), Municipal Utility Districts (MUD), Public Improvement Districts (PID), Community Development Districts (CDD) and reimbursement districts (RD), builders can potentially shift infrastructure costs off their balance sheets and onto special districts that homebuyers ultimately absorb through property taxes without potentially adding debt to the builder's books.

First Interstate Mortgage Co.'s income property division has arranged a $2.3-million construction loan and $2.6-million permanent loan for the rehabilitation of an existing three-story building in Pasadena, located at 95 N. Marengo St.

Since purchasing the land last year, Oceanwide has reworked the design for the Fig Central development, adding a third tower in the process. The $1-billion project now consists of two 40-story high-rises and another high-rise at 49 stories. In all, 504 condos, 183 hotel rooms and nearly 450,000 square feet of retail space are planned.

Cedar Street just came out victorious in a multi-year saga with the city of La Canada Flintridge, winning the first successful builder's remedy case in California Superior Court for its 80-unit mixed-use project at 600 Foothill Boulevard and setting a path for other developers to build. But the fight may have left its scars, in time, stress and now soured relationships with some officials.

This is monumental for the city.

Working inside an operating business changed how I look at buildings. You stop seeing square footage and start seeing workflow. That perspective still guides his work today. It helps him understand tenants and advise property owners with more clarity.

In recent weeks, videos have circulated on social media showing rampant paint tagging and destruction inside the structure that was a cultural touchstone in the Orange County city of Westminster for decades after it opened in 1974. In its heyday, the mall was a gathering spot when there were few other places to hang out. It was where kids found the latest fashions and where "mall rats" roamed in packs after school.

In early January, the Ford government's return-to-office (RTO) mandate took effect, ordering 60,000 public servants back to the office. The move culminates more than a year of RTO mandates from big names in tech and finance, reaching a fever pitch in late 2025, and has put a significant amount of pressure on Toronto's office market. The trend is reversing years of near-stagnant activity in the downtown commercial real estate scene, which took a big hit from COVID-era work-from-home policies.

C orporate real estate strategy has entered a new phase. Expansion decisions are no longer driven by brand prestige or default gateway markets. Today's environment demands cost discipline, workforce stability, operational resilience, and long-term flexibility. For companies considering expansion or relocation, smaller metros - often called secondary cities - are increasingly landing on the shortlist. Not as compromises. As competitive, strategic options.