April 20, 2022 | In MCR Sheraton
MCR, hotel investor and owner-operator giant, and Island Capital Group LLC, international real estate merchant bank, have teamed up to acquire the iconic Sheraton New York Times Square Hotel. This property opened in 1962 and has over 60,000 square feet of sought-after New York City space: a location large enough to host the New York […]
Read moreMarch 3, 2022 | In Charge Enterprises
Charge Enterprises, Inc. consists of a portfolio of global businesses which connect people with communications and electric-vehicle charging (“EV”) infrastructure. It has recently announced that it has entered into a preferred stock financing transaction with a subsidiary of the Island Capital Group LLC. Island Capital is a bank with investing and advisory platforms which specializes […]
Read moreSeptember 23, 2021 | In IGY Marinas
IGY Marinas announced that it has added Marina di Porto Cervo to its acquisition of ports. Marina di Porto Cervo is a marina that’s located in North Sardinia, Italy and provides berthing for yachts that are 160 meters long and contains 700 slips. IGY Marinas is owned by Andrew L. Farkas, a well-known professional in the real […]
Read moreJuly 27, 2021 | In Island Capital Group
In early July, Andrew Farkas’ Island Capital Group, in conjunction with MCR and Three Wall Capital, purchased the historic Lexington Hotel, located at 511 Lexington Avenue, NY, for $185 million. Built in 1929, the 725-key Marriott International-branded hotel is known as a staple of hospitality along Lexington Avenue. Island Capital’s offer comes in at 55 cents […]
Read moreJuly 26, 2021 | In Exantas Capital Corp
Exantas Capital Corporation recently announced that it will report its operating results for the second quarter of 2018 on Wednesday, August 1st. Exantas, listed on the New York Stock Exchange as XAN, is a real estate investment trust and is a subsidiary of C-III Capital Partners LLC. Mr. Andrew Farkas serves as Chairman and CEO of […]
Read moreFebruary 6, 2021 | In IGY Marinas
Founded by Andrew Farkas and headquartered in Fort Lauderdale, Island Global Yachting (IGY) is the largest international superyacht destination company in the world. The company focuses on acquiring, controlling and/or servicing luxury marinas and surrounding real estate properties to maintain world-class lifestyle destinations. IGY’s yacht club in St. Maarten, known as Ise de Sol, was awarded the […]
Read moreOctober 31, 2020 | In Exantas Capital Corp
On October 30th 2019, Exantas Capital Corporation reported results for the three and nine months ended September 30, 2019. Some significant items that were highlighted are the Core Earnings were $0.31 per common share, they acquired $105.1 million and $739,1 million of new commercial real estate loans, and their economic book value is up $13.71 […]
Read moreSeptember 27, 2020 | In Exantas Capital Corp
On September 12, 2019, Exantas Capital announced that its Board of Directors has declared a cash dividend of $0.25 per common share. This is for the end of the quarter which ends on September 30. The Board also declared a cash dividend on its 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock for the July through October period. This […]
Read moreJune 15, 2020 | In Exantas Capital Corp
This month’s Exantas Capital Corp. Earnings Conference Call began with opening remarks from Andrew Farkas, Chairman of the Board. As disclosed in the most recent Exantas Capital Corp. earnings release, the company sold their entire CMBS portfolio, other than the B-Piece investment they held unlevered, which resulted in a $180.3 million loss on sale. Farkas is […]
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