Business Specialties
Hilton Worldwide Doubles Presence, Adds Seven New Hotels in Peru by 2019
Hilton Worldwide will add seven new hotels in the Land of the Incas by year-end 2019.
Product Spotlight: Porous Pave
By Mallory Bulman, Associate Editor As summer slowly creeps up, many property owners are looking to spruce up their outdoor spaces. For properties with spaces paved with traditional concrete, this usually means fixing cracks and damage left over from the winter months. Whether used for a walkway, pool space or parking lot, the upkeep and time commitment that comes with traditional paving can be costly and even damaging to the surrounding landscape. Porous Pave is an environmentally-friendly, durable alternative to traditional paving which addresses many maintenance, safety and installation concerns. The paving material is created with recycled tires, saving thousands of unused…
Economy Watch: As Percentage of GDP, CRE Edges Up
CRE investment as a proportion of the entire U.S. GDP is trending up for most property sectors.
Construction Begins on Hudson Yards’ 3 Hudson Boulevard
According to developer Moinian Group, the price of the 1,050-foot-tall skyscraper is currently estimated at $2 billion.
CIT Survey: CRE Execs Divided About Outlook for 2016
The recently released 2016 Commercial Real Estate Outlook was conducted online by Forbes Insights among 201 senior commercial real estate executives.
PREI + (PREI) = PGIM Real Estate
Due to great international growth, Prudential Real Estate Investors will soon operate under one brand at a global level.
RocketSpace Goes International with London Tech Campus
The cutting-edge facility for tech startups is scheduled to open in early 2017.
Scottsdale Hotel Repositioned as Aloft After $4M Transformation
The accommodation facility features the industry’s first keyless entry system and offers wellness and entertainment options.
Granite Bay Retail Center Snapped Up by Vestar
Improvements are already lined up for the Sacramento-area asset.
Economy Watch: Apartment Fundamentals, Sales Still Solid in Q1
While real estate sales across all major property types dropped 20 percent in the first quarter, apartments were the only sector that reported a year-over-year increase.
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