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NEW YORK CITY—The legislation, which now needs a sign off from President Obama, makes clear that ILSA's federal disclosure requirements do not apply to condominiums.
PHOENIX—IPA, an operator of multifamily communities in Michigan and Arizona, and Retirement Community Specialists, Inc., an operator of luxury senior housing communities in Arizona, recently announced they have joined together under the same umbrella company, IPA, LLC.
Casinos still seem to be popping up everywhere as seemingly desperate states pass enabling laws, looking to stimulate economic expansion in down-and-out areas or raise tax dollars—anything to overcome the effects of the lukewarm economy on revenue growth.
SAN FRANCISCO—The shrinking FIRE (finance/insurance/real estate) and legal sectors is not just affecting San Francisco but many of the more expensive markets in the US, said C&W's Sammons at a recent REIS roundtable event here.
CHICAGO—The sale of 38 Hyatt Place and Hyatt House properties to Dallas-based Lone Star was the second lodging portfolio deal announced on Thursday, and the fourth in the extended stay and select service space in as many months.
LOS ANGELES—What is a commercial property owner to do with an over-valued property, weak financials and pending litigation? The solution? Find a partner, says GSP's Gilda Rivera in this <b>EXCLUSIVE</b> column.