Business Specialties
Courtyard Philadelphia to Join Autograph Collection
The 499-key hotel is listed on the National Register of Historic Places. Marriott will continue to manage the property after its conversion.
LTD Debuts Newest Holiday Inn Express in VA
LTD Hospitality Group owns and manages the Chesapeake hotel, which is franchised by an affiliate of IHG. The 101-key rebranded property underwent extensive renovations.
What’s Next for Emerging Tech Hubs?
Tech companies seeking new office locations should look for “hidden gems”—markets of opportunity with lower costs and a large talent pool, according to JLL’s latest report.
AEG Joins Southwest Values’ Nashville Yards Development
The project will be anchored by a 4,000-capacity music venue, a 240-key boutique hotel, a flagship Regal Cinemas luxury theater and a 700-capacity live entertainment club.
Non-Traded REITs: Go Mainstream or Die
Fundraising for the sector fell in 2016 due to the combination of impending regulatory changes and lackluster performance, notes Yardi Matrix Associate Director of Research Paul Fiorilla. The sector must continue to lower fees and improve liquidity to attract new investors.
Ascend Snags Brooklyn’s LOOK
The 81-key hotel is located in the Red Hook neighborhood, close to Brooklyn Bridge Park, Barclays Center and the Brooklyn Cruise Terminal.
Retail Development: Ease of Access Critical to Success
In an increasingly competitive lending environment, retail developers need to pursue projects in high-quality, accessible locations that will attract top tenants in order to secure financing, notes The Comras Co. President & CEO Michael Comras.
Atlanta’s ACS Building Commands $166M
Cushman & Wakefield arranged the sale and acquisition financing for the American Cancer Society Building, a 995,700-square-foot property in the city’s downtown.
The World’s Priciest Office Markets
CBRE’s annual office occupancy costs report highlights the strengths of gateway cities around the globe, including 12 in the U.S. that were among the 50 most expensive markets.
Blackstone to Buy Stake in $630M UK Firm
BREP Europe V is acquiring a majority interest in The Office Group, which is expected to reach more than 1.1 million square feet of flexible workspace within the next 12 months.