News

The W.T. The W.T. Waggoner Building at 810 Houston St. is set to become the second Sandman Signature Hotel in the United States, and Sandman is a chain owned by Canada-based Northland Properties.

Property benefits include a HUD Project-Based Section 8 contract for rental assistance and HPD Article 11 regulatory agreement, a tax incentive for new construction or rehabilitation of affordable housing.

The technology providers joined forces to capitalize on the rising demand for platforms that automate the marketing of retail assets.

The sale is one component of Marriott International's extensive plan to rebrand the W portfolio across North America.

Located at the southwest corner of Montrose Avenue and Bernard Street, on formerly vacant land, the new five-story building has 32 one-bedroom and 16 two-bedroom apartments, which are nearly fully occupied.

Following the summit, the governors reached a set of core principles on issues related to market regulation and empowerment; public health; public safety and enforcement and vaping best practices.

The average overall market rent for the region stood at $6.50-a-square-foot, a 1% increase versus last quarter, and a 6.2% increase versus the same period last year.

LoBello was previously director of property management with The Hampshire Companies where she was most recently responsible for more than 10 million square feet of commercial real estate across the office, industrial and retail sectors.