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The company has entered into a contract to sell the 189-room hotel, which is located in San Francisco's Union Square.

The REIT still retains a 51% stake in the property and will continue to oversee its management.

New York City Property Fund II is a value-add fund targeting a portfolio in excess of $1 billion.

The firms announced plans to develop Kinect @ Burien, a 230-unit apartment building, which will cost approximately $75 million.

The firm obtained the long-term $21.3 million financing from Greystone, in order to refinance the Philadelphia community.

Getting enough support may be hard even among Democrats.

Caruso has reached an agreement with AMC Entertainment to backfill two Pacific Theaters locations that were shuttered during the pandemic.

MCR acquired the 725-room hotel property in a joint venture with the Island Capital Group and Three Wall Capital.