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...
Hilco Real Estate Sales and Marcus & Millichap (NYSE: MMI) announced the sale of the Shilo Inns Newport Oceanfront, a 179-room, full-service hotel located directly on the Pacific Ocean at Newport, Oregon. The hotel was built in 1966 and spans nearly 2.5 acres...
Florida’s governor says no to public financing of a stadium, Iowa’s governor says yes to bringing down property taxes, and Kamala Harris says something (we’re not sure what) at an Australian real estate conference. From the wild and wooly world of real estate, here...
The delinquency rate for commercial mortgage-backed securities (CMBS) inched up in May by 5 basis points to 7.08%, according to new data from Trepp Inc. The overall CMBS delinquent balance this month was $42.6 billion, up from $41.9 billion in April. If defeased loans...
