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RICHMOND, VA-Hilton will continue to manage the stay Homewood Suites hotels. Apple Suites Realty Income Trust now owns 15 of extended-stay properties with Hilton serving as manager.
SAN FRANCISCO-The company is beefing up its loan servicing division with the acquisition of two Michigan-based companies that provide commercial real estate mortgage loan origination, brokerage and servicing.
BELLEVUE, WA-A 28,000 sf, three-level store will open this weekend at Bellevue Square. Over the next few weeks, stores also will open in Mt. Laurel, NJ and Scarsdale, NY.
TUCSON-Rising home costs seem to be the underlying cause for an apartment demand that's double from last year's Q1 figures. Demand is up and construction is down, according to Hendricks & Partners' latest multifamily report.
LONDON-Research from King Sturge says London's traditional core office areas can't accommodate the demand. This could lead to redefinition of London's boundaries and the merging of the West End and City areas.
FT. WORTH-Koll Development is ready to go on a $7-million, 179,122-sf second phase to its industrial component at CentrePort. Site work is done and pier drilling begins next week. Soon to come will be news of a joint venture retail partner and 130-room hotel.
LONDON-Research from King Sturge says London's traditional core office areas can't accommodate the demand. This could lead to redefinition of London's boundaries and the merging of the West End and City areas.
SEATTLE, WA-Cheap land along the interstates has been drawing development out from the urban core for nearly 50 years. Now, however, redevelopment in the city may again be less expensive than expanding outward.
RED BANK, NJ-A proposed adjoining 314-car parking garage might be a bargaining chip for the project's approval, because the city might be able to use it on weekends to solve its parking problems.
WHITE PLAINS-Starwood Hotels & Resorts Worldwide, Inc., reports it has signed a deal with Colonia Natural, S.A. to operate a new Four Points by Sheraton hotel in Colonia del Sacramento, Uruguay.