Features

Unico Investment sold a 27-building office portfolio of repositioned historic and newly constructed assets totaling 1.8 million square feet to Broad Street Principal Investments, an affiliate of Goldman Sachs.

Since 2012, Kennedy Wilson grew the ADR by 63% and per-room revenue by 100% at the Ritz-Carlton Lake Tahoe through capital and operational improvements including culinary, year-round and outdoor offerings.

“We listed the properties the day after Amazon announced it was locating its headquarters here. The properties were under contract within hours with two at the full price.”

Boston, Chicago and New York City will see more supply than demand this year.

Berkadia's new poll reveals focus on interest rates, GSE lending and the ever-growing use of technology.

At present, the moratorium does not affect New York City, which is served by Con Edison. However, on its website, Con Edison stated, “We continue to accept new gas customer applications in New York City. We will continue to monitor increases in customer demand and our ability to meet that demand with traditional supplies or clean alternatives in our New York City gas service area.”

The partnership of Bridge Development Partners LLC announced its first acquisition in the Portland market, with the purchase of a 35-acre land parcel located at 775 NE Columbia Blvd.

The continued flight-to-quality combined with strong leasing activity resulted in the Houston class-A market netting positive absorption for last year.