NEW YORK CITY-Some industry analysts expect an economic slowdown would soften guestroom demand at a time when some markets are seeing substantial additions to their hotel inventory. Other sections of the country are experiencing less activity.
NEW YORK CITY-On an annualized basis, the firm raised its payout from $1.67 to $1.69 per share. Over the past two years it has paid out more than $124 million in dividends.
NEW YORK CITY-The acquisition of Brooke International, a 12-year-old firm with a staff of 88 and offices in mainland China and Thailand, is the latest effort by Insignia to broaden its presence in the Asia-Pacific market.
NEW YORK CITY-Winstar Communications, a wireless systems and services firm, is headquartered at the property and is its principal tenant. A Clarion subsidiary will lease and manage the building.
NEW YORK CITY-The economy may be heading for a slowdown or a recession, but the prospects for the office space market over the next year look promising.
NEW YORK CITY-The changeover, which is expected to take a year to complete, is designed to deliver the benefit of cash flow without having to sell properties and pay taxes.
NEW YORK CITY-After 25 years working on building prisons, Mary K. McHatton joins the construction company to help it develop proposals on criminal justice projects.