Developers in California may dread the arduous process that can be involved in securing capital funding for their projects. Traditionally, commercial real estate funding involves a months-long process before the prospective borrowers receive their decisions. If they are denied, they have to restart the process all over again with new lenders.
Anyone who owns a car in California is likely to need the vehicle repaired from time to time. In Texas, a jury awarded $42 million to a couple injured in a car crash caused by a negligent driver and an auto repair shop after the plaintiffs alleged that the negligent repairs contributed to the plaintiffs' injuries.
According to news sources, a lawsuit was recently filed in California by a group of 60 Chinese investors against the developers and managers of the SLS Las Vegas Hotel project. In the complaint, the investors allege that they were defrauded out of their money to fund the project because they did not receive green cards that they claim were promised to them.
People in California often turn to Redbox kiosks for fast, convenient movie and game rentals. These kiosks are found everywhere from grocery stores to gas stations, and they offer on-site rentals and returns through automation. However, a dispute with Disney may cause the company some problems.
Foreign investors have been bidding up the price of commercial real estate, especially in the large gateway cities of California. Los Angeles and San Francisco have been the scene of large influxes of foreign money for industrial properties, accounting for a large portion of the $61 billion spent by foreign real estate investors in the United States since 2010. The competition created by deep foreign pockets and large institutional investors has often priced high-net-worth individuals and families out of these markets. However, opportunities still exist for smaller players in the secondary and tertiary markets away from the high-profile urban centers.