Different strategies for financing new stadiums, problematic approaches to cutting property taxes, and a misguided attempt to generate five-star online reviews. From the wild and wooly world of real estate, here are our Hits and Misses for the week of June 2-6. Hit: A...
Two months after filing for bankruptcy, Hooters of America is closing more than 30 of its company-owned restaurants across a dozen states. Verdict Food Service reports the company is seeking to address its $376 million with the sale of its corporate-owned restaurants...
Ohio legislators are considering a proposal to allocate $600 million to the construction of a new $3.4 billion stadium for the NFL’s Cleveland Browns. WKYC.com reports State Sen. Jerry Cirino, a Republican, is advocating for the money to come from the state’s $3.7...
Palette Hotels, a New York City-based hotel management company, has hired Joseph Yi as its chief investment officer. In his new role, Yi will oversee the firm’s investment platform, grow the company’s corporate-owned and third-party asset management portfolio and lead...
San Francisco’s beleaguered office property market received a boost of activity – albeit of a discounted nature – with the acquisition of the Market Center complex by restaurant franchise magnate Greg Flynn and the investment firm DRA Advisors. The property, which...
Now, here’s something that we don’t see every day: a professional sports team that is willing to pay for a new stadium without any public funding. The Wall Street Journal reports Major League Soccer’s Chicago Fire has reached a deal with its hometown’s officials to...
