Hotels

In this <b>EXCLUSIVE</b>, GlobeSt.com learns that tracking systems allow building owners to record the type, age and condition of building equipment and the best remediation course of action.

A newly formed JV will focus primarily on the branded, premium select service and extended-stay segments of the hotel space in primary and secondary markets which demonstrate positive demand factors.

Berkadia's Hotels &amp; Hospitality group opens its first West Coast office in Los Angeles because it is one of the top five US markets on investor radar.

The 140-room hotel received a $1.4 million renovation last year.

The company has secured a $40 million acquisition loan arranged by HFF.

NP International, which acquired the 4.3-acre site in November 2016 from Berkowitz Development for $60.25 million, has hired UK-headquartered Balfour Betty to build the transit-oriented project that is scheduled for delivery in the fourth quarter of 2020 and is designed to achieve LEED-certified Silver designation.