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WASHINGTON, DC—The “Preserving Access to CRE Capital Act” passed in the house could mitigate some of the harsher aspects of the credit risk retention requirement going into effect this year. It can't happen soon enough as the CMBS market is already showing signs of folding.
NEW YORK CITY—In the latest Gotham Commercial Real Estate Monitor, authored by accounting firm Marks Paneth, the majority of respondents believe that prices have peaked.
LOS ANGELES—The New York-based developer buys the ground lease for Stay on Main, a 600-room hotel in Downtown Los Angeles, marking its West Coast expansion.
SAN DIEGO—In line with a global trend, there is a strong demand in San Diego for boutique and select-service hotels that offer great accommodations in a great location, with amenities, at a competitive price, Portman Holdings' CEO tells GlobeSt.com <b>EXCLUSIVELY</b>.
SAN JOSE—In an EXCLUSIVE, Greg Anderson, SVP of multifamily development at Shea Properties, discussed San Jose's appeal, demographics and multifamily trends.