New York City Mayor Eric Adams has announced the historic Roosevelt Hotel will cease to serve as a migrant shelter in June. The Wall Street Journal reports Adams’ administration said plans to close the hotel were being formulated since December, when the number of...
Here’s some potentially bad news for the office property sector: a new survey from FTI Consulting Inc. (NYSE: FCN) found most US workers (70%) who are currently either fully remote or in a hybrid arrangement said they are very likely or somewhat likely to seek another...
TECfusions, a Tampa-headquartered global data center operator, announced the strategic acquisition and rezoning of 73 acres in Clarksville, Virginia, for a new data center expansion project. According to the company, the expansion project involves the consolidation of...
CBRE (NYSE: CBRE) is predicting a vibrant 2025 for the US hotel industry with a new forecast that expects revenue per available room (RevPAR) to enjoy steady growth throughout the year. CBRE is forecasting a 2.0% increase in RevPAR growth this year, with occupancy...
The retailer Forever 21 is considering bankruptcy and may shutter at least 200 US-based stores as soon as next month. According to a Bloomberg report sourced from unnamed “people with knowledge of the matter,” the chain’s US operator, F21 OpCo, is seeking a buyer for...
Zillow Cuts Its Late-2026 Home Sales Outlook as Rents Accelerate
