News
WoodSpring’s Signature Prototype Brand Coming to Pittsburgh
A new 124-key hotel targeted to extended-stay travelers will open under the WoodSpring Suites Signature brand in Cranberry during this year’s fourth quarter.
Nordstrom’s Future New York Store is an Eyecatcher
Retail giant Nordstrom recently unveiled the footprint and exterior design for its flagship store in Manhattan.
Economy Watch: FOMC Uncertain About Economy
The Federal Open Market Committee’s recent meeting minutes show the Fed is uncertain about what’s ahead for the U.S. economy as global economic jitters persist.
Philanthropist’s Gift Earmarked to Restore Lincoln Memorial
David Rubenstein has donated $18.5 million to the National Park Foundation for the restoration of the Lincoln Memorial in Washington, D.C.
Gwinnett 316 Industrial Park Changes Hands in Atlanta
Hillwood Development Co. paid $102.6 million for a 15-building industrial park in suburban Atlanta.
ARC Hospitality Takes More Hotels Off Summit’s Hands
American Realty Capital Hospitality Trust recently purchased six hotel assets in Washington and Colorado from Summit Hotel Properties, for a price tag of $108.3 million.
Medical Marijuana Site to Grow in Arizona Thanks to Town OK
Zoned Properties Inc. received unanimous approval from the Chino Valley Town Council to develop a 58-acre mixed-use project over the next five years.
RICS Delivers Good News for CRE
RICS’ latest U.S. CRE report reveals occupiers and investors still have a positive outlook for the industry, with one city in particular standing out as the major “safe haven.”
U.S. Investment Ends 2015 on a High Note
Based on independent reports of properties and portfolios $2.5 million and greater. Data believed to be accurate but not guaranteed. © Real Capital Analytics Inc. 2016.
Airbnb—If You Can’t Beat ‘Em, Join ‘Em?
By Stuart Eisenberg, Partner, BDO USA: With Airbnb’s success showing no signs of slowing down, should REITs and other landlords embrace the house-sharing model?
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