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By year-end 2017, Dallas hotels are forecast for a revenue per available room increase of 1.4%, the result of an estimated decline in occupancy of 1.9% and a 3.4% gain in average daily room rates.
Property values in numerous counties have increased by double digits this year, but in many cases, a protest results in a lower valuation and, in turn, a lower tax bill, says Rahul Patel in this <b>EXCLUSIVE</b>.
With competition increasing, companies need to benchmark themselves against their competitors and reduce real estate costs while increasing productivity. The result is a constantly evolving business workplace strategy.
Cap rates for single-tenant retail properties have been dropping, but Bill Asher of Hanley Investment Group says that cap rates are starting to hit a plateau as investors become more cautious.
This year, the number of new apartment finishes will surpass 2016, the prior record, with the majority of the new construction in Downtown Los Angeles.
Earlier this month, Globest.com reported that American Hotel Income Properties of Vancouver, British Columbia had acquired those hotels, but at the time the seller was not identified.