The New York City-based investment firm Blackstone (NYSE:BK) has announced its acquisition of a majority ownership stake in Jersey Mike’s Subs, a franchisor of fast-casual submarine sandwich stores. The financial terms of the transaction were not disclosed, although...
The new Highmark Stadium for the NFL’s Buffalo Bills is still on target for a June 2026 opening, but its projected costs have hemorrhaged to $2.1 billion – more than $560 million over its initial estimate. The Associated Press reports taxpayers funding for the project...
Marriott International Inc. (NASDAQ: MAR) announced the opening of its 100th property in Japan with the debut of the Four Points Flex by Sheraton Osaka Umeda. The new property also marks the first offering of the Four Points Flex by Sheraton brand in the Asia Pacific...
Alternatives to Chicago property taxes, a mega-million condo sale loss and a proposal to bend the Manhattan skyline. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Nov. 11-15. Hit: Let’s Not Go, Brandon. Praise goes this...
A new forecast from CBRE (NYSE: CBRE) is predicting a greater vibrancy for the US hotel industry in the fourth quarter following a subdued third quarter. CBRE is predicting a 0.5% increase in revenue per available room (RevPAR) growth for 2024, down from the...
Houston’s Astrodome, the world’s first domed sports stadium which has been closed since 2009, is the subject of proposed $1 billion redevelopment project. According to combined media reports, the nonprofit Astrodome Conservancy which seeks to preserve the historic...
