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Hyatt to Acquire Playa Hotels & Resorts for $2.6 Billion

Hyatt to Acquire Playa Hotels & Resorts for $2.6 Billion

by Phil Hall | Feb 10, 2025 | Commercial Real Estate News, International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Hyatt Hotels Corporation (NYSE: H) is acquiring all outstanding shares of Playa Hotels & Resorts NV (NASDAQ: PLYA) for $13.50 per share, or approximately $2.6 billion, including approximately $900 million of debt, net of cash. Playa is the owner and operator of...
205-Unit Affordable Housing Unit to be Built in City of Quebec

205-Unit Affordable Housing Unit to be Built in City of Quebec

by Phil Hall | Feb 10, 2025 | International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Canada’s federal government and the provincial government of Quebec announced the construction of Le Philippe Phase 2, a 205-affordable housing complex which will provide a home for low- and moderate-income households in the City of Quebec. The complex will be built...
OMB Director Vought Takes Over as CFPB Acting Director

OMB Director Vought Takes Over as CFPB Acting Director

by Phil Hall | Feb 8, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) has another new leader with the appointment of Russell Vought, the newly sworn-in director of the White House’s Office of Management and Budget (OMB), taking over the agency as acting director. The Wall Street Journal,...
Elon Musk’s DOGE Team Inside the CFPB

Elon Musk’s DOGE Team Inside the CFPB

by Phil Hall | Feb 7, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Staff members from Elon Musk’s Department of Government Efficiency (DOGE) are inside the Consumer Financial Protection Bureau (CFPB) and will receive read-only access to the agency’s computer systems – while Musk left a message on X suggesting the agency was dead....
Hits and Misses for the Real Estate Week of Feb. 3-7

Hits and Misses for the Real Estate Week of Feb. 3-7

by Phil Hall | Feb 7, 2025 | Hits and Misses, Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New leadership at federal agencies, a possible cause for some of the Los Angeles wildfires, and new HGTV shows that don’t seem very new. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Feb. 3-7. Hit: The Right Man for the...
Colorado Lawmakers Consider Bill to Allow Housing Built on Church Land

Colorado Lawmakers Consider Bill to Allow Housing Built on Church Land

by Phil Hall | Feb 7, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new bill in the Colorado legislature will enable churches and other religious institutions to build housing on their land, even if the property is not zoned for residential construction. Colorado Sun reports House Bill 1169 is sponsored by Rep. Andrew Boesenecker...
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