Commercial Real Estate
Hits and Misses for the Real Estate Week of March 9-13
The negative impact of a neighbor’s yard on a home sale, a Seattle billionaire abruptly moves to Florida, and a department store executive vows to keep his locations open Continue Reading Hits and Misses for the Real Estate Week of March 9-13
Prudent Growth Partners Acquires Alabama Retail Center for $7.6 Million
Located in the Huntsville metro area, the center was constructed in 2008 and is 96.64% leased. Continue Reading Prudent Growth Partners Acquires Alabama Retail Center for $7.6 Million
Hyatt in Joint Venture with Spain’s Grupo Piñero
Hyatt plans to appoint Bahia Principe CEO Julio Pérez as the chief executive to lead the management company. Continue Reading Hyatt in Joint Venture with Spain’s Grupo Piñero
Wyndham Teams with Reside on Extended-Stay Hotels
The partnership marks the debut of its Wyndham Residence tier in the US. Continue Reading Wyndham Teams with Reside on Extended-Stay Hotels
Hits and Misses for the Real Estate Week of Oct. 21-25
In the spotlight: The crossroads of politics and real estate, a new wave of restaurant closings and rats ruling in Chicago. Continue Reading Hits and Misses for the Real Estate Week of Oct. 21-25
NYC Passes New Law Requiring Licenses for Hotel Operators
The new law also calls for direct employment of hotel workers, with exemptions for small hotels with fewer than 100 rooms. Continue Reading NYC Passes New Law Requiring Licenses for Hotel Operators
San Francisco’s Biggest Mall Going to Foreclosure Auction
Mayor London Breed proposed turning the property into a soccer stadium. Continue Reading San Francisco’s Biggest Mall Going to Foreclosure Auction
New Partnership to Build Sustainable Boutique Hotels in North America
The companies said they have planned projects in major markets including Chicago, San Francisco, New York City, and Calgary. Continue Reading New Partnership to Build Sustainable Boutique Hotels in North America
Denny’s to Close 150 Restaurants
The closures occur after Denny’s reported its fifth straight quarter of year-over-year declines in same-store sales. Continue Reading Denny’s to Close 150 Restaurants
Thompson Thrift to Develop Arizona Retail Center
Construction is expected to start in the first quarter of 2025, with an opening planned for early 2026. Continue Reading Thompson Thrift to Develop Arizona Retail Center
California Leads Nation with Commercial Foreclosures
California topped the states in this happening with 264 commercial foreclosures, a 238% spike from September 2023. Continue Reading California Leads Nation with Commercial Foreclosures
Shari’s Restaurants Closes All 42 Oregon Locations
The company now operates 17 locations in California, Idaho, and Washington. Continue Reading Shari’s Restaurants Closes All 42 Oregon Locations
