NEW YORK CITY-Over the last decade, the number of hotel rooms in this region has grown at nearly 9% per year. But, unless Caribbean countries keep up that pace for the next 10 years they could suffer serious economic consequences.
NEW YORK CITY-The Dow Jones closed up 0.2% year to date while the S&P 500 is down 5.7% and the Nasdaq by 17.1%. The RMS rose 1.7% for the same period.
NEW YORK CITY-The decline is good news, says Lodging Econometrics, because it leaves guestroom demand and pricing as the primary variables, eliminating future supply growth as a concern for the industry.
NEW YORK CITY-With the firm since 1994, the new president, Edward V. LaPuma, has been involved in more than 20 deals over the past two years that have brought in approximately $400 million. He will continue as a member of Carey's acquisition team.
NEW YORK CITY-Buyers are fearful they will overpay if they make full-price offers, some brokers report in a Brown Harris Stevens study. The report says that the residential market peaked about a year ago.
NEW YORK CITY-The 24-story property is used by the fashion industry for office and showroom space. SLG will retain an equity position in the property and expects to receive a gain of about $6 million.
NEW YORK CITY-Buyers are fearful they will overpay if they make full-price offers, some brokers report in a Brown Harris Stevens study. The report says that the residential market peaked about a year ago.
NEW YORK CITY-There's room in the CMBS capital markets for conservatively underwritten loans secured by telecom centers, Fitch says, but notes the high bond default rate of these companies and underscores the risks involved with their untested business models.
NEW YORK CITY-The move was based on the sale of most of the REITs assets to it business partner. Moody's has also placed the firm on a developing rating outlook because its future capital structure operations aren't apparent.
