Commercial Real Estate
Chicago Boosts Hotel Tax, Making it the Nation’s Highest
The tax increase applies to room rates at hotels with 100 or more rooms. Continue Reading Chicago Boosts Hotel Tax, Making it the Nation’s Highest
Chase Opens New Pacific Palisades Branch to Replace Wildfire-Destroyed Location
The branch offers on‑site valet parking, complimentary Wi‑Fi and two ATMs. Continue Reading Chase Opens New Pacific Palisades Branch to Replace Wildfire-Destroyed Location
NYC Office Building Sells for $255 Million
The 12-story, 176,588-square-foot property opened in 2022. Continue Reading NYC Office Building Sells for $255 Million
Connecticut Medical Building Sells for $19.1 Million
Built in 1981, the property is 100% leased to three medical tenants. Continue Reading Connecticut Medical Building Sells for $19.1 Million
Oil Property Acquirer Pays $245 Million for 46,000-Acre Texas Property
LandBridge was formed in 2021 by Five Point Energy LLC, a private equity firm. Continue Reading Oil Property Acquirer Pays $245 Million for 46,000-Acre Texas Property
Blackstone Buys Majority Stake in Jersey Mike’s Sub Sandwich Chain
Jersey Mike’s Subs has more than 3,000 locations nationwide that are open and in development. Continue Reading Blackstone Buys Majority Stake in Jersey Mike’s Sub Sandwich Chain
Report: $560 Million in Cost Overruns on New Buffalo Bills Stadium
Taxpayers will not finance the cost overruns. Continue Reading Report: $560 Million in Cost Overruns on New Buffalo Bills Stadium
Marriott International Announces 100th Property in Japan
The Four Points Flex brand is designed for the value-conscious consumer. Continue Reading Marriott International Announces 100th Property in Japan
Hits and Misses for the Real Estate Week of Nov. 11-15
Alternatives to Chicago property taxes, a mega-million condo sale loss and a proposal to bend the Manhattan skyline are part of this week’s Hits and Misses. Continue Reading Hits and Misses for the Real Estate Week of Nov. 11-15
CBRE Forecasts Stronger Hotel Industry Performance in Q4
Hotel demand declined 0.1% year-over-year in the third quarter amid a 0.6% increase in supply. Continue Reading CBRE Forecasts Stronger Hotel Industry Performance in Q4
New Proposal Envisions $1 Billion Redevelopment of Astrodome
The conservancy’s budget for the projects envisions $750 million coming from private sources and the remaining $250 million from public funding. Continue Reading New Proposal Envisions $1 Billion Redevelopment of Astrodome
Miami Real Estate Broker Ordered to Jail for Boat Crash Death
George Pino, president of State Street Realty, will need to turn himself in by Nov. 22. Continue Reading Miami Real Estate Broker Ordered to Jail for Boat Crash Death
