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Sotherly Hotels has bought into the Hollywood dream. The Hollywood, FL, condo dream, that is. 
The Virgina-based hotel owner and operator has reached an agreement with the developers of Hyde Resort & Residences—the Related Group—to buy the new tower's hotel commercial space portion for $4.25M. That deal will give Sotherly—which owns the Crowne Plaza Hollywood…
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Floating Rate Makes Westin Sell
The Westin Harbour Island has a new owner, thanks to a floating-rate mortgage. Walton Street Capital purchased the 10-story, 299-key hotel off Harbour Island Boulevard in Tampa from the Blackstone Group for an undisclosed price, according to CoStar. The deal for…
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Hotel Owners Waiting To Sell May Have Missed The Boat
The hotel market has seen an extended run of high prices during the recovery, but market insiders at Bisnow's Lodging Investment Series in Washington, DC, Wednesday pointed to a number of reasons why the time to find big money deals as sellers may…
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Rest Assured: US CRE Is Strong And Will Continue Its Upward Trajectory Well Into 2017Though America's financial markets faced some tumultuous times this year—particularly stemming from volatility overseas—the economy has weathered the shocks with resilience, according to the latest Cushman & Wakefield US Macro Forecast. The country's economic position not only remains strong, but continues to support commercial real estate. |
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5 Retailers That Went Belly Up And WhyWhile we may feel like retail historians will look back at 2016 and dub it the "year of bankruptcies," it's important to remember Chapter 11 isn't necessarily the end. Stores like Sports Authority and Aeropostale have a chance to come back—take American Apparel's rebirth as an example. Still, ultimately 55% of retail bankruptcies do end in liquidation. RetailDive threw together a list of failed retailers and Bisnow is zooming in on the top five bankruptcies and the lessons they offer. |
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The Simple Trick To Leasing Space Faster
Leasing commercial real estate is about showing the client the potential that a space possesses. You can present a raw space empty. If you're feeling ambitious, you can spend a bunch of time, money and other resources on another broker…
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