(LOS ANGELES, CA) -- Despite prime retail rents that have fallen in almost every region worldwide as the global recession impacts consumer sentiment and retail sales, New York City remains the world's most expensive retail destination, ... Read More
(LONDON, UK) -- Cash is king and no one knows it better than international real estate giant Blackstone Group.The New York City-based conglomerate says it has raised 3.1 billion euros ($4.3 billion U.S.) for a fund to invest in property... Read More
(ORLANDO, FL) -- The summer vacation season is now upon us, and the latest results from Y Partnership's travelhorizons survey suggest the industry should be cautiously optimistic about what the next few months will bring. Specifically, fully 54% of U.S.... Read More
(NEW YORK, NY) -- Data through April 2009, released today by Standard & Poor's for its S&P/Case-Shiller Home Price Indices, ... Read More
(SAIGON, VIETNAM) -- With a war chest estimated at over $1 billion, Saigontourist is scouting for 200-room-plus hotels in city centers that will make it a name player in the international lodging industry.The company already has contracted to purchase the... Read More
(NEW YORK, NY) -- American International Group, Inc., (AIG-NYSE) the federal government's poster boy for bailout rescue money, continues to sell off non-core assets, as ordered by the Treasury Department.AIG has received a total $180 billion in taxpayer rescue funds... Read More
(CAMP HILL, PA) -- The 4,800-store Rite Aid Corp. won a breather today. The Camp Hill, PA-based drugstore chain closed refinancing deals totaling $1.9 billion. Many of the older loans would have come due in September 2010."We are very pleased... Read More
(DUBAI, U.A.E.) -- The deal is so big and so unprecedented; none of the parties involved knows the estimated value of the transaction at this date.One thing they do know is that the debt load of the combined entities will... Read More
(POTOMAC, MD) -- Willco Companies, a locally owned and managed commercial property development and investment firm founded in the early 1960's with a five million square foot commercial real estate portfolio, will soon close the $100 million Willco Fund I LP. Read More
(NEW YORK CITY, NY) -- New York City Mayor Michael Bloomberg is calling it the biggest commercial real estate financing package created since the Recession kicked in 20 months ago.Five banks have put together a $1.3 billion loan for The... Read More
(WASHINGTON, D.C.) -- About a dozen big-name REITs are jockeying for position to participate in the first commercial mortgage-backed securities loan deals undertaken by the federal government.That starting gate is scheduled to come up in July or August. The Fed's... Read More
(STOCKHOLM, SWEDEN) -- Choice Hotels Scandinavia is not shy on its near-future growth plans. The chain aims to continue being the top lodging organization in Scandinavia through new acquisitions.With its announced acquisition today of rival Nordic Light and Nordic Sea,... Read More
(HONG KONG, CHINA) -- Is the lending spigot at last opening all the way for international hotel owners? In Hong Kong today, the signs are evident they are.The Hongkong and Shanghai Hotels, Limited (HSH), a hotel and property company listed... Read More
(LONDON, UK & HENDERSONVILLE, TN) -- The Americas region recorded declines in all three key performance metrics when reported in U.S. dollars for May 2009, ... Read More
(IRVINE, CA) -- The bells are tolling for financially strapped California hotels. Hotel loans originated in California from 2005 to 2007 are coming due this year and the borrowers are stuck. They can't repay the loans.The number of California hotels in... Read More
(IRVING, TX) -- Cobalt Capital Partners, L.P., through its Cobalt Industrial REIT II affiliate, has acquired the 1.7 million square foot, nine building Shawnee Ridge Industrial Portfolio in Atlanta, Georgia.The seller was SAR at Shawnee Ridge LLC. Price and terms... Read More
(STOCKHOLM) -- Skanska USA has signed a $220 million contract to build a $400 million Nemours Children's Hospital on a 60-acre greenfield site in Orlando's Lake Nona medical city near the University of Central Florida.It is the biggest construction-related contract... Read More
(WHITE PLAINS, NY) -- Times Square today welcomed another prime lodging landmark - the 244-room Four Points by Sheraton Midtown hotel.The property, on 40th Street in the heart of New York City's Broadway theater district, is the brand's third hotel... Read More
(CHICAGO, IL) -- Tim Hortons (NYSE and TSX (THI), founded by the late National Hockey League star defenceman Tim Horton in 1964, once again is ranked as the top fast-food restaurant chain, ahead of U.S.-based McDonald's and Subway.Tim Hortons posted... Read More
(WASHINGTON, D.C.) -- The National Association of Realtors and the U.S. Conference of Mayors have named Lexington, Ky., a 2009 Ambassador City for the success of two homeownership programs, Repair Affair and the Remodeling for Access and Mobility Program. The... Read More
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