Hotels

WASHINGTON, DC-Congress wants FASB to slow down and consider the potential fall out from the lease accounting convergence proposal.

SACRAMENTO-L Street Lofts, a mixed-use, fractured condominium project, sells with just 10 units being leased for $2.50 per square foot, the highest rental rate in the midtown area.

LOS ANGELES-Orange County-based Clearview Capital LLC, who paid $20 million for the 156-room property, ‘was attracted to the high quality brand and product,’ says a source.

WASHINGTON, DC-Panelists at the upcoming RealShare Washington, DC will discuss what is driving development in the area, the changing nature of office supply and demand, and the outlook of investment sales here.

MIAMI—Blanca Commercial Real Estate's Danet Linares tells GlobeSt.com's Jennifer LeClaire mass transit is Miami’s Achilles heel right now.

BETHESDA, MD-The merger of the Reznick Group and J.H. Cohn will create an organization with a larger public presence, allowing for a greater focus on REITs, David Kessler tells GlobeSt.com's Erika Morphy.

NEW YORK CITY-The action comes after the debtors reported operating losses from “decreased room revenue, significant liquidity constraints, considerable debt burden and unprecedented adverse changes in the economy and hospitality industry”, court documents show.

MEXICO CITY-The Chicago-based firm has purchased the Hotel Nikko Mexico for $190 million and will rebrand, part of Hyatt’s Latin American investment to 20 properties.

WASHINGTON, DC-It’s not the 200,000 plus monthly jobs seen at the beginning of the year, but is it enough of an increase to drop vacancies?

NEW YORK CITY-The private equity giant says it plans to accelerate the growth of the budget lodging chain’s franchise, which currently numbers 1,102 properties in the US and Canada.

DOWNEY, CA-The companies are leading a new charge to redevelop the former space vehicle factory into a 1.5-million-square-foot mixed-use site with office, retail and a hotel.

SAN ANTONIO-BC Lynd Hospitality, a JV between BC Commercial Partners and Lynd Co., plans a $24 million renovation and new flag for the 109-year-old downtown hotel.

TORRANCE, CA-The increase in Phase I ESA’s ordered indicates steady improvement in the national real estate markets, says engineering-consulting firm Partner Engineering and Science Inc.

MINOT, ND-Lightstone Group sold the 623,000-square-foot mall, which includes a hotel with an indoor water park.

WASHINGTON, DC-The Architecture Billings Index moved back into negative territory after five months of positive readings.

WASHINGTON, DC-Speakers at the Alliance to Save Energy conference talk about how to further drive energy efficiency—or rather, productivity—among businesses and consumers.

DALLAS-Ernst & Young's Seyfarth breaks down the changing role of special servicers in the distress environment.

HARRISBURG, PA-The Marriott Harrisburg West’s performance over the past 12 months was strong enough to shorten the lender’s review period for permanent financing on the 103-key property.

LOS ANGELES-While sources agree on the correlation between higher gas prices and higher demand for multifamily product closer to TODs, some question whether international business can make up for a potential loss in drive-to business for the lodging industry.

DENVER-The annual LIIC survey reveals that the industry may not peak for several years – perhaps even not until 2015.