Launched in 2017, the Tapestry by Hilton brand more than tripled its portfolio last year adding 14 hotels, , including its first in New York City—The Bernic Hotel New York City— and its first in the Chicago-area—The Rose Hotel Chicago O'Hare.

Senate Bill 608, a measure that caps how much landlords can raise rents and stipulates how they may evict tenants, is expected to be signed into law, making Oregon the first US state to cap rents.

The project will be built on approximately10-acre site of the 184-acre property being developed by the Soffer family of Miami and the LeFrak family of New York City.

While there is concern that the co-working market will have a negative impact on direct office leasing, today, the market is helping to fuel leasing activity.