CBRE (NYSE: CBRE) is predicting an improvement in revenue per available room (RevPAR) growth during the second half of 2024, following a weaker-than-expected first quarter. The company’s latest forecast projects a 2.0% increase in RevPAR growth for 2024, down from the...
After 35 years in business, Las Vegas’ iconic Mirage hotel-casino will be shut down as of July 17. According to combined media reports, the 80-acre Las Vegas Strip landmark will be demolished and replaced by the Hard Rock Las Vegas, which will feature a 660-foot hotel...
Michael S. Barr is vice chairman for supervision on the Board of Governors of the Federal Reserve System. This article is adapted and edited from testimony delivered today before a hearing of the U.S. House of Representatives before the Committee on Financial...
Chicago-headquartered JLL (NYSE: JLL) has acquired SKAE Power Solutions, a New York City-based provider of data center technical and project management services. According to the companies, the acquisition of SKAE will enable JLL to provide solutions across the full...
The real estate developer Tishman Speyer is venturing into the data center sector with its first industrial project in Europe. The company has signed definitive agreement with Samson AG to acquire an 807,000-square-foot location in Frankfurt for the development of a...