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January 6, 2021

Hotel Operators Gear Up To Manage A Flood Of Bank-Owned Properties
[Digital Summit] What 2021 Trends Do You Need To Evolve With The Market? Find Out At Atlanta Architecture & Design Outlook 2021 Jan. 28

A wave of hotels is expected to be taken over by banks and other lenders in the coming months, and some hospitality industry players are looking to build up management arms in hopes of operating those properties for their new owners.

Hotel Operators Gear Up To Manage A Flood Of Bank-Owned Properties

Highgate Hotels, Chesapeake Hospitality and Hospitality Ventures Management Group are among the firms ramping up hiring in anticipation of an influx of hotel management contracts by banks and CMBS bondholders.“We're spending time with banks and we're in active dialogue around a number of different opportunities,” Highgate principal Richard Russo said.…

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Cresa Sued For Discrimination By Former Atlanta Market Leader
Cresa Sued For Discrimination By Former Atlanta Market Leader  

Cresa’s former market leader in Atlanta is suing the commercial brokerage, alleging she was the subject of age and gender discrimination by her superiors.

Lisa Dunavin, who served as Cresa Atlanta market leader for 10 months starting April 2019, filed a lawsuit in federal court in Atlanta against Cresa Global for age and gender discrimination. Dunavin claims she was demeaned and antagonized by Cresa Managing Director Jim Byrd. Dunavin, a 30-year commercial real estate…

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Origin Stories: JLL's James Malone Switched From Law To CRE And Never Looked Back
 

This series delves into the myriad ways people enter the commercial real estate industry and what contributes to their success.

James Malone began working in commercial real estate in 1999, leaving behind a legal career. Now, as an executive vice president at JLL, he says if he had it to do all over again, he wouldn't change a thing. Malone took a circuitous path to CRE, but the stops along the way have helped inform his current career and contributed to his success. In December, Malone was added to the board for the African American Real Estate Professionals Los Angeles chapter. 

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