CBRE (NYSE:CBRE) reduced its 2023 forecast for hotel performance, citing a weaker-than-expected summer demand that created a second quarter revenue per available room (RevPAR) shortfall. The revised forecast is now predicting a 2023 RevPAR of $96.64, up 4.6%...
A 60-year-old former church in Indianapolis has a new lease on life as the home of an opera company. According to a WISH-TV report, the former Holy Trinity Greek Orthodox Church has been renamed Basile Opera Center and has been realigned as the new permanent home of...
San Francisco’s commercial real estate owners have been aggressively lobbying to lower their property assessments and tax payments in the wake of the troubled city’s declining real estate prices. According to a Bloomberg report, Brookfield Corp. and Blackstone Inc....
The Malibu, California-based site of a former rehabilitation center that received international attention for treating celebrities dealing with addiction, exhaustion and other self-induced health issues has been listed for sale at $19.9 million. PopCrush.com reported...
The first six months of this year have been very good to the brick-and-mortar retail sector, according to new data from CoStar Group. Demand for retail space increased by 21 million square feet in the first half of 2023. Despite a lethargic economy, CoStar found...
Office Properties Income Trust Posts $45.8 Million Loss After Bankruptcy Ex…
