Greece-Based Hospitality Tech Company Continues Rapid Expansion Into Los Angeles
For years, as part of his work requirements as a consultant, Alexandros Chatzieleftheriou lived in hotels around the world.
He has stayed in hotels for as short as a month to more than a year. And his travel has taken him to hotels in Africa, Europe, Asia and the United States.
"I've spent approximately five years staying at hotels," Chatzieleftheriou told Bisnow. "For me it was not very sustainable and not a pleasant experience. Even though they provided great service, the room sizes were very small, service was lacking at times. I thought…
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Transportation Department Awards $1.5B In Infrastructure Grants
U.S. Department of Transportation Secretary Elaine Chao has announced $1.5B in grant funding to 91 infrastructure projects in 49 states and D.C., made through the Better Utilizing Investments to Leverage Development Transportation Grants program.
The BUILD program supports road, rail, transit and port infrastructure projects nationwide, including grants for both rural and urban projects. It comes at a time when U.S. infrastructure is wildly uneven, with much in sore need of repair or redevelopment.
Perhaps…
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SoCal Power Women: 5 Questions With Colliers International's Kitty Wallace
This limited series profiles SoCal Power Women who have helped shape cities, neighborhoods, businesses and lifestyles in Los Angeles and Orange counties.
Colliers International Executive Vice President Kitty Wallace is a well-known and respected multifamily expert in Los Angeles and on the West Coast. For more than 15 years, Wallace and her team have served clients in every facet of multifamily real estate needs. Aside from her work, Wallace also serves as a member of the board of directors at USC Lusk Center.
How do you describe your job to people who are not in the industry?
Wallace: I'm lucky to be able to help my clients enhance their multifamily portfolios and fulfill their real estate goals. My team and I evaluate properties…
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Construction Cost Concerns Demand A Variety Of Solutions
The rising cost of construction is an ongoing challenge, and one that may just bring new development to a halt even if the economy continues in a positive direction.
Speakers at Bisnow's Silicon Valley Construction & Development Forecast event last week had differing opinions on just how dire the construction cost situation is — offering up different ways their firms are working to address those challenges. For some, the outlook is bleak until something gives, particularly when it comes to labor costs.
Construction costs have been rising about 1% a month over the last year, Lowney Architecture Chief Operations Officer Anthony Cataldo said.
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Meet Nick Weber: From Working Out Of Starbucks To A $3.3B Portfolio In 2 Years
First-time funds from new managers aren't really supposed to go like this.
In a globalized sector we are told that scale for fund managers is key, and each year the big names in the industry gobble up a bigger and bigger portion of the capital available. The field for smaller fund managers is shrinking, the data shows, and for new firms, it is even tougher.
But Henderson Park Capital is bucking that trend. Set up by former Goldman Sachs and Mount Kellett partner Nick Weber in 2016, it raised $500M of equity before Weber even had an office or a printer.
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