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Taiwan’s Commercial Property Transactions Up 2.8% During 2023

Taiwan’s Commercial Property Transactions Up 2.8% During 2023

by Phil Hall | Dec 28, 2023 | Commercial Real Estate News, Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

While the repeated threats by Chinese President Xi Jinping to reunify his country with Taiwan continues to create political tensions across the Asia Pacific region, the tough talk out of Beijing is having no impact on Taiwan’s commercial property sector. According to...
Apple Hospitality REIT Acquires Las Vegas Hotel for $75 Million

Apple Hospitality REIT Acquires Las Vegas Hotel for $75 Million

by Phil Hall | Dec 28, 2023 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Richmond, Virginia-based Apple Hospitality REIT Inc. (NYSE: APLE) announced the acquisition of the 299-room SpringHill Suites by Marriott Las Vegas Convention Center for approximately $75 million, or $251,000 per key. The SpringHill Suites Las Vegas Convention center...
Four Seasons to Open New Hotel in Shanghai

Four Seasons to Open New Hotel in Shanghai

by Phil Hall | Dec 26, 2023 | Commercial Real Estate News, Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

Toronto-headquartered Four Seasons Hotels and Resorts is teaming with Hong Kong’s Fungseng Prosperity Holdings Ltd. for the creation of new hotel in Shanghai. The 44-story Four Seasons Hotel Shanghai will offer 60 luxuriously appointed rooms and suites within the...
Tempus Realty Partners Sells Final Property in $21.6 Million Portfolio

Tempus Realty Partners Sells Final Property in $21.6 Million Portfolio

by Phil Hall | Dec 21, 2023 | Commercial Real Estate News, Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Tempus Realty Partners, an Arkansas-based real estate investment partnership, announced the $5.2 million sale of the last property in its Portfolio 1. The 20,036-square-foot building in North Davidson, North Carolina, was acquired by Tempus in 2019 for $2.4 million...
Bankrupt Austrian Company May Be Forced to Sell Stake in NYC’s Chrysler Building

Bankrupt Austrian Company May Be Forced to Sell Stake in NYC’s Chrysler Building

by Phil Hall | Dec 19, 2023 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

An Austrian real estate company that owns a stake in New York City’s Chrysler Building may have to sell its holding in the iconic skyscraper as part of a bankruptcy restructuring. The Wall Street Journal reported an Austrian court-appointed insolvency administrator of...
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