The New York City Council has voted to create a new licensing program for hotels. Hotel Management Network reports the newly passed Safe Hotels Act will require hotel operators to obtain a two-year operating license for a $350 fee. Hotels must also maintain front desk...
The largest mall in San Francisco’s downtown is heading to a public foreclosure auction on Nov. 14. The San Francisco Business Times reported First American Title Insurance Co. alerted mall operator Unibail-Rodamco-Westfield (URW) and Brookfield Asset Management that...
Arthrotó, a provider of sustainable prefabricated building solutions in Canada, has partnered with Switzerland’s Riva Hospitality Group to develop eco-friendly boutique hotels and resorts in the US and Canada. Arthrotó has committed to constructing hotels that...
The financially ailing Denny’s Corp. (NASDAQ: DENN) announced it was closing 150 of its lowest-performing restaurants, roughly 10% of its locations. According to an Associated Press report, the Spartanburg, South Carolina-headquartered Denny’s stated that...
The commercial real estate developer Thompson Thrift has purchased approximately 3.68 acres of land for the creation of South Tempe Square, a 27,119-square-foot retail center in Tempe, Arizona. According to the company, the center will consist of four buildings,...
A total of 695 commercial foreclosures were recorded in September, with California leading the nation in this unwelcome activity. According to new data from ATTOM, last month’s commercial foreclosure figure is down from the peak of 752 recorded in May. ATTOM...
Lone Star Funds Acquires Premier Place, 20-Story Dallas Office Tower
