News
Economy Watch: Construction Spending Gains Ground in October
The first 10 months of 2016 have been pretty active for development, with construction spending up 4.5 percent from the same period last year.
Old Town’s Hotel Chaco Announces Opening Date
The new luxury hotel will feature original artworks created by contemporary Native American artists.
Historic Manhattan Hotel Joins Hilton’s Curio Collection
The Renwick Hotel is the latest addition to Hilton’s upscale hotel brand.
White Lodging Names New CEO
Ken Barrett brings more than two decades of experience in the hospitality industry to the Merrillville, Ind.-based company.
SBE Closes Purchase of Morgans Hotel Group
The transaction, valued at $805 million, more than doubles the number of hotels in the company’s portfolio.
QIA Pays $175M for The St. Regis San Francisco
The sovereign wealth fund of the State of Qatar acquired the 260-key hotel from Marriott International.
Nike Signs Blockbuster Lease on Fifth Avenue
SL Green signed a lease with the sports apparel giant, which will open a huge flagship store on the southwest corner of West 52 Street, across from Cartier and Olympic Tower.
Downtown Denver Office Towers Command $154M
Franklin Street Properties has snagged the 613,527-square-foot Dominion Towers with the help of JPMorgan Chase Bank.
Electric Car Company to Build $700M Facility in Arizona
Lucid Motors’ new manufacturing center will create more than 2,000 new jobs by 2022.
Alexandria Wins Nod for Merck R&D Project
The REIT will develop a 294,000-square-foot, LEED-Platinum facility in South San Francisco for the pharmaceutical giant.