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The $35-million acquisition financing and the new $140-million new credit facility for the Lightstone Value Plus REIT II was provided to the New York City-based real estate investment and development firm by Western Alliance Bank of Phoenix.
Tax compliance is the biggest issue in the short-term rental market, but there are ways the city can regulate and encourage users to comply with tax laws.
The new $120 million Irvine Spectrum Marriott is the first full-service hotel to hit the market in a decade, and developer R.D. Olson says that it fills a big hole in the market.
As other industries see the value of 3D media in commercial spaces, workflows are being adapted and cloud-based applications are leveraged to incorporate 3D, Matterport says in this <b>EXCLUSIVE</b> .
Ashford Hospitality Trust Inc. successfully refinanced a mortgage loan with an existing outstanding balance totaling approximately $972 million, while the new loan totals $985 million.
Under the terms of the agreement, Ashford will acquire Remington's project management business for a total value of $203 million to be paid by issuing voting convertible preferred stock to the sellers.