Hotels

Following the close of its $5.2 billion acquisition of LaSalle Hotel Properties, Pebblebrook has begun a disposition strategy.

Home2 Suites by Hilton recently announced its newest property and the first hotel built via modular construction in Bay Area history, the Home2 Suites by Hilton San Francisco Airport North.

The bill introduced by the At-Large Councilwoman would require large non-residential buildings to confirm their status as high-performing facilities or to perform building improvements to save money and cut carbon pollution.

A recent survey by RealCrowd revealed that 80% of high net-worth investors are planning to invest in value-add real estate as part of wealth-management strategies.

In moves to provide greater support for historic preservation initiatives in Philadelphia, the legislation, if passed, would allow by-right zoning for special purpose historic buildings, reduce parking requirements for historic building redevelopment and allow accessory dwelling units in historic buildings.

MCR, which is headquartered in New York City and Dallas, acquired the 150-room hotel located nearby the Prudential Center, a major entertainment venue and home to the New Jersey Devils, for an undisclosed price.