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The new agreement extends United's existing lease to 2033. Blackstone is investing more than $500 million to transform the building from the inside out.
Southwest Hospitality Management believes in the Permian Basin hotel market and is targeting sustainable brand assets such as Marriott in energy-related markets that have a low barrier to entry.
Rancho Mirage, a 310-unit multifamily property located in the Las Colinas master-planned community, recently underwent $2 million in property improvements to overhaul units and amenities for that renter group.
The developer also acquired the six-story office condominium in the building from VMLY&R reportedly for $266 million, finally gaining full control of the property.
Construction on the nearly 500,000-square-foot expansion of the gaming facilities is expected to be completed in 2020. The first portion of the of the expansion is expected to open sometime this summer.
With S corporation and partnership income tax returns due soon, Anchin partner Marc Wieder cautions against hasty deductions and shares a tip that could save co-op owners money.