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L.A. Planning Commission Greenlights Crescent Heights’ …
WEBAug 22, 2024 · The Miami-based developer will construct a 393-foot-tall apartment tower with 297 units and a car garage. SEE ALSO: Extell and Ikea Planning 29-Story Office Building at 570 Fifth Avenue. Crescent Heights submitted the multifamily project for planning review in June 2023 and received approval from the Planning Commision in …
U.S. REITs Raise $12.5B in Debt, $4.1B in Equity in Second Quarter
WEBAug 12, 2024 · U.S. REITs raised $12.5 billion from secondary debt offerings — corporate debt — and $4.1 billion from common equity and preferred equity (or stock offerings) in the second quarter of 2024, according to new data from the National Association of Real Estate Investment Trusts (Nariet). Year-to-date, REITs have issued $25.4 billion in ...
Hyatt Acquires Standard Hotel Brands in $335M Deal
WEBAug 21, 2024 · The company secured $65 million of acquisition financing in February 2023 for its purchase of the boutique hotel, Commercial Observer previously reported. Isabelle Durso can be reached at [email protected]. Hyatt Hotels Corporation will acquire Standard International's major hotel brands in …
David Brickman Steps Down as NewPoint CEO, Successor Named
WEBAug 12, 2024 · David Brickman is stepping down as CEO of NewPoint Real Estate Capital, four years after the lender was formed, Commercial Observer has learned.. The multifamily lender has appointed Nick Gesue, founder and CEO of Alder View Capital, as the firm’s new leader, effective immediately. Brickman will continue on with the company as a strategic adviser to NewPoint Impact, the firm’s affordable ...
Inland Empire Multifamily Market Bouncing Back, Report Finds
WEBAug 21, 2024 · After a slow start to the year, multifamily demand in Southern California’s Inland Empire is rebounding, according to a Yardi Matrix report released Wednesday. The region’s strengths include high occupancy rates, rent growth and investment activity, Doug Ressler, manager of business intelligence at Yardi Matrix, told Commercial Observer via ...
NYC Council Approves Bills to Boost Housing and Industrial …
WEBNov 15, 2023 · The New York City Council unanimously voted Wednesday to approve two sweeping land use framework bills, one aimed at pushing city agencies to develop a land use and infrastructure plan for industrial zones, and the other geared toward creating housing production goals for each neighborhood.. The housing legislation, sponsored by Council Speaker Adrienne Adams, would require the Department of ...
SoCal Airport Hotel Flies to Bankruptcy Auction Next Month
WEBJun 26, 2024 · The Ontario Airport Hotel & Conference Center is up for auction next month, following owner Morgan Group Holding ’s Chapter 11 bankruptcy on the property earlier this year. The bid deadline for the auction is July 9, with Hilco Real Estate Sales as the broker. SEE ALSO: Zar Property Buys 67K-SF Building Near Union Square for $27M. Morgan ...
Brought to You by Prologis: West Coast Leader Talks New …
WEBMar 14, 2024 · The plan is to make between $500 million to $1 billion in acquisitions this year, along with another $800 million to $1.2 billion in sales, and up to another $3.5 billion in estimated development starts again this year. Megan Creecy-Herman joined Prologis in 2018, and became the company’s president for the Western U.S. in 2023.
Spring Healthcare Construction Forum – Commercial Observer
WEBMar 5, 2024 · This exclusive event unveils cutting-edge innovations and strategies for wellness-centric facilities. Dive into the 2024 Healthcare Construction Report, discover visionary keynote insights, and engage in panels covering smart infrastructure, adaptable designs, and patient-centric environments. Join us in shaping the blueprint for a healthier ...
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