In one of the largest single asset hotel sales this year, a struggling Washington D.C.-area resort hotel has traded for $115.8 million. LaSalle Hotel Properties bought the 296-room hotel from Lansdowne Resort Corp...
Like most office markets, Manhattan’s has been characterized recently by the seesawing dynamic between vacancies and rents: As rents have fallen, vacancies have climbed...
The 9/11 attacks destroyed eight office buildings and seriously damaged seven other nearby towers. Now, a disfigured, 40-story office tower that has loomed over Ground Zero since the attacks will be demolished. The...
The New York Supreme Court has ruled that two lenders cannot hold the owner of 4 Times Square, a major Manhattan office building, in default for not buying adequate terrorism insurance...
Recession-driven pressure on debt losses won’t match that of last decade’s recession, says a new report from Torto Wheaton Research. While the Boston-based research firm — a unit of CB Richard Ellis — has gauged a...
Chicago came out on top in a new Moody’s survey on the economic diversity of U.S cities, scoring a 95.1 out of a possible 100. The score means that Chicago’s economy perfectly matches the components of the national...
Philadelphia-based Berwind Property Group Ltd. has bought 17 apartment communities from DEC Investment Group, L.P. for roughly $241 million. The 5,037-unit portfolio is scattered across metropolitan areas in Arizona...
Hines will begin construction this fall on a 40-story office tower in Chicago at One Dearborn Street. The 820,000 sq. ft. tower is expected to be finished during the fourth quarter of 2004...
Hines will begin construction this fall on a 40-story office tower in Chicago at One Dearborn Street. The 820,000 sq. ft. tower is expected to be finished during the fourth quarter of 2004...
Assuming the economy is improving and interest rates are about to increase, does it follow that owners of multifamily properties will soon be inundated with new tenants? Not likely, says a new report from Torto...
