New York

The deals bring the Rudin family and Allianz tower to 97% occupied.

Foncière des Régions also reports it has selected InterContinential Hotels Group, based in Denham, Buckinghamshire, to rebrand and operate 13 of the newly acquired hotels via long-term, triple-net lease deals.

Sector challenges include an acute amount of uncertainty, both international and domestic, which may exert negative pressure on the performance of the US lodging industry.

The Wall Street money manager cites lower state, city and property taxes as a reason for its move.

Built in 1924, the Neo-Classical style building housed the operations of the Standard Star daily newspaper, which left the building in 1975.

Fordham Real Estate Institute launched the annual “She Builds” panel, where women leaders opened up about their experiences and careers.

CEO Marc Holliday will succeed him in January 2019.

The project will top off with a 452-room Marriott-Edition luxury hotel tower located directly above the terrace level.