Atlantic City’s Revel Casino is filing for Chapter 11 bankruptcy protection in March, according to The Huffington Post. The $2.4 billion resort casino, which has attempted to differentiate itself from the other casinos in Atlantic City by marketing itself as … Continue reading →
Heitman Financial Ltd. has purchased Commons Park West – a 337-unit apartment complex in Denver’s Central Business District – from JPMorgan Chase for a $98.1 million ($346/sf or $291,000/unit), according to Denver Business Journal. The transaction sets the record for the … Continue reading →
Investment sales improved in 2012 compared with 2011. Year-to-date volume is at $225 billion, according to John Salustri, quoting data from Real Capital Analytics (RCA). November volume stood at $19.5 billion – a 40 percent increase over November 2011. RCA … Continue reading →
Spain has between 700,000 and 1.1 million unsold new homes following the 2008 collapse of its real estate market, according to The Telegraph. Moreover, in the last five years at least 400,000 private homes have been foreclosed upon. Last month, … Continue reading →
The Housing Choice Voucher program is a federally funded, locally administered rental assistance program that assists low-income families, the elderly and the disabled to obtain housing in the private market. The program falls under the purview of the U.S. Department … Continue reading →
Advanced Development and Investment Inc. (ADI), a real estate development company that received approximately $29 million in subsidies from the city of Los Angeles, has agreed to pay $165,000 to end an ethics investigation related to allegations of campaign money-laundering. … Continue reading →
In 2011, hotel retail revenue averaged a meager $497 per available room (1.1% of total revenue) according to USA Today (quoting PKF Consulting). In an effort to increase revenue and stay competitive, upscale hotels are creating more functional and multi-purpose … Continue reading →
The Hyatt Regency will fill in the hotel component of a new mixed-use development at Tysons Corner Center, located about 10 miles west of Washington, DC. The 17-floor, 300-room hotel will open in 2014 and will offer almost 16,000sf of … Continue reading →
RevPAR (revenue per available room) – a metric of hotel occupancy is increasing at a slower pace than it did in the initial years following the 2008 economic downturn, according to a CoStar report (quoting data and analysis from Wells … Continue reading →
Starting this month, Austin is requiring on-site recycling for multifamily properties with 75 or more units and large office buildings (100,000+sf), according Though you cannot fully stop smoking but you can at least help him to have proper tadalafil online … Continue reading →