Months of back-and-forth legal power plays have culminated in a looming auction of Charles Cohen’s assets—including the Design Center of the Americas—scheduled for November 8. What does that mean for the design industry?
After a proposed summer sale was delayed by litigation, a portfolio of Cohen Brothers real estate assets—including the Design Center of the Americas—is scheduled to be sold in what may be the largest UCC foreclosure auction in history.
On Monday, the lender submitted a revised proposal to auction off several of the real estate company’s assets, including the Design Center of the Americas, as soon as November.
Earlier this month, Fortress Investment Group filed a $534 million suit against Charles Cohen, whose company owns design centers across the country. Now, Cohen alleges in a new affidavit that the case ought to be thrown out.
It’s rare for an interior designer who has achieved significant success to depart the industry entirely, but that’s exactly what Millbrook, New York–based Ashley Whittaker is doing. BOH dove into what’s driving her next big move.
Last week’s verdict in a federal class-action lawsuit against the National Association of Realtors, among other defendants, is poised to fundamentally alter the dynamics of the real estate industry.
If insurers abandon Florida due to its increased risk of natural disasters, the impact of the exodus could have far-reaching effects on the real estate sector—the cornerstone of the state’s economy.
Elaborate, expensive home staging has become de rigueur for high-end real estate sales. BOH spoke with top stagers in New York and Los Angeles to uncover the dynamics of a buzzy corner of the design industry.