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The Miami City Commission will be asked to approve a settlement that would allow construction of hotels, stores and a garage on the island off downtown Miami.
Prism's Steve Van shares how the company's approach to growth and business enables it to compete with the largest companies in the industry, at the same time keeping employees, owners and clients happy.
The sale price more than likely is north of $100 million since CrossHarbour acquired the property in 2016 for $101 million and since then undertook a multi-million-dollar capital improvement plan at the hotel that was completed in 2017.
"In a process that has taken other new hotels several attempts that required rework and delays before they could become operational, the River North hotel easily passed" inspections, says Aimbridge Hospitality's Chris Pogorzelski.
Forecasts for commercial real estate prices in 2020 and 2021 are expected to fall below the long-term average growth rate for the first time since 2011.
California is the most deeply affected wildfire state with an estimated economic impact of $85 billion, stemming from tax revenues of affected businesses, tourism and federal wildfire-suppression costs.