Commercial Real Estate
US and Pakistan Sign MoU to Renovate Historic NYC Hotel-Turned-Migrant Center
The Roosevelt opened in 1924 and has more than 1,000 rooms. Continue Reading US and Pakistan Sign MoU to Renovate Historic NYC Hotel-Turned-Migrant Center
Boston Approves New Seaport District Hotel Across from Menino Center
The new hotel will join the existing Aloft and Element Boston Seaport hotels as the newest component of a 968-key hotel and retail campus. Continue Reading Boston Approves New Seaport District Hotel Across from Menino Center
New York City’s Newest Hotel Opens in Harlem
The hotel is located on 125th Street within steps of the historic Apollo Theater. Continue Reading New York City’s Newest Hotel Opens in Harlem
David Messing, Executive with Two Hamilton Zanze Affiliates, Dies at 56
Messing was managing partner of Graham Street Realty and president of Paramount Property Company. Continue Reading David Messing, Executive with Two Hamilton Zanze Affiliates, Dies at 56
Year-to-Date CMBS Loan Delinquencies Total $27.91 Billion
CMBS loans against every other property type, except for hotels, had an improvement in delinquency over the first nine months of the year. Continue Reading Year-to-Date CMBS Loan Delinquencies Total $27.91 Billion
JLL Names Michael Colacino as President of its Tri-State Brokerage
Colacino is a former president at Savills Studley, where he managed one of the largest tenant representation practices in the U.S. Continue Reading JLL Names Michael Colacino as President of its Tri-State Brokerage
Janover Acquires SaaS Platform for Commercial Property Sector
“We are uniquely positioned to seamlessly insert Groundbreaker’s product directly into Janover’s ecosystem,” said CEO Blake Janover. Continue Reading Janover Acquires SaaS Platform for Commercial Property Sector
StorageMart Expands Into Idaho
The acquisition adds 53,920 total net rentable square feet, incorporating 218 storage units, to the StorageMart portfolio. Continue Reading StorageMart Expands Into Idaho
Hits and Misses of the Real Estate Week of Nov. 13-17
This week’s Hits and Misses looks at Chicago’s newest office property, the state of the FHA’s MMI Fund and a fight against public funding of a $1.5 billion stadium. Continue Reading Hits and Misses of the Real Estate Week of Nov. 13-17
CBRE CEO Robert Sulentic Appointed Chairman of the Board
He succeeds Brandon Boze, who has served as chairman since May 2018 and will remain on the board. Continue Reading CBRE CEO Robert Sulentic Appointed Chairman of the Board
Groundbreaking Ceremony for New Chicago Office Development
The 409,000-square-foot project marks Chicago’s first major new office development to commence construction in over a year. Continue Reading Groundbreaking Ceremony for New Chicago Office Development
CBRE Forecasts Hotel RevPAR Growth Recovery in 2024
The company’s 3% RevPAR growth forecast for 2024 is fueled by a 40 basis-point (bps) occupancy improvement. Continue Reading CBRE Forecasts Hotel RevPAR Growth Recovery in 2024
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