(Bloomberg) -- Marriott International Inc. has sold the St. Regis New York for $310 million to
Mandel Ngan/Getty Images The company was in the habit of structuring some leases through LLC entities that featured no long-term guarantees.
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QIA paid $310 million for the prominent Manhattan property. The Marriott sale comes after recent acquisitions by the company.
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Eighteen-hour cities are attracting investors away from the typical 24-hour cities, reports Forbes. Google eyes a new campus in the Silicon Valley property market, according to the The Mercury News. These are among today's must reads from around the commercial real estate industry.
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The affordable and workforce housing shortage isn’t limited to primary markets.
Cities like Los Angeles, San Francisco and New York City are often top of mind when thinking about
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Getty Images While industrial REITs have an appetite for large acquisitions, there are few portfolios up for sale.
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George Rose/Getty Images Rent concessions from landlords will help Forever 21 keep down its planned store closings.
(Bloomberg)—Forever 21 Inc. will keep open
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Getty Images More than 71 percent of the city’s office space has been certified green.
(Bloomberg)—Chicago is the greenest place to work in the U.S., but other cities are trying
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TIMOTHY A. CLARY/AFP/Getty Images San Francisco passes legislation to double fees on office development, reports the San Francisco Chronicle. A bankruptcy judge will rule on the fate of Barneys today,
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Getty Images CRE cap rates are expected to remain unchanged, but investors looking for financing should benefit from lower rates.
The Federal Reserve
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Getty Images Once Richard Baker’s investment group takes over Hudson’s Bay, some store closings are almost guaranteed.
Hudson’s Bay Co., owner of department store Saks Fifth Avenue, has entered into an
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