Roughly 135 of New York City’s nearly 680 hotels are housing illegal immigrants, a loss of 16,532 hotel rooms, according to a report in the New York Times. This represents approximately one out of five hotels. The current level of lodging availability is 2,812 fewer...
St. Louis-headquartered CUSCO has launched as a commercial real estate platform focused on connecting national retailers with rural America. According to the company, the platform will acquire and manage retail properties across in-demand rural markets while providing...
First National Realty Partners (FNRP), a private equity firm specializing in commercial real estate, announced its closing on Townes Crossing, a 105,731-square-foot shopping center in suburban Chicago. The Oswego, Illinois-based Townes Crossing is anchored by a...
A mostly empty Connecticut mall may soon be demolished in favor of a new mixed-use complex. Enfield Square Mall is a single-level mall in the Town of Enfield in northern Connecticut that opened in 1971. According to a Hartford Courant report, a new proposal was...
A questioning of the Biden homebuyer tax credit, growing consumer delinquencies and a new movie epic with a commercial property story. From the wild and wooly world of real estate, here are the Hits and Misses for the week of May 13-17. Hit: Sparking a Much-Needed...