Hollywoods

Hollywood’s $500 Million Bet on Brooklyn Could Send Bushwick and Red Hook Home Prices Soaring

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Brooklyn, NY, Echelon Studios

Two Brooklyn neighborhoods are poised to see massive growth as Hollywood moves in. Bushwick and Red Hook will each be the site of a film studio, together valued at $500 million, from Los Angeles-based Echelon Studios. While one would be hard pressed to find a neighborhood in Brooklyn that hasn’t seen staggering transformation in the … Read more

Sotherly Defaults on DoubleTree Hollywood’s Loan 

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Sotherly Defaults on DoubleTree Hollywood’s Loan 

Sotherly Hotels defaulted on its $49.2 million loan on a Hollywood resort near the ocean.  The debt on the 10-story DoubleTree Resort by Hilton Hollywood Beach with 311 keys, at 4000 South Ocean Drive, entered special servicing after missing the Oct. 1 due date to pay off the loan, according to Morningstar Credit and Sotherly’s … Read more