Accused sex predator Dominique Strauss-Kahn moves out of an apartment at 71 Broadway to a $14 million pad in Tribeca. His new neighbors are not amused. Dominique Strauss-Kahn’s new digs What do you think of Strauss-Kahn’s new $14M pad? Dominique Strauss-Kahn moved into a $14 million Tribeca pad on Wednesday night – the kind of [...]
JW Marriott Denver Cherry Creek DiamondRock Hospitality Co. has acquired the 196-room JW Marriott Denver Cherry Creek for $72.6 million. The seller, Denver-based Sage Hospitality and the Sage Restaurant Group, has signed a long-term management agreement to run hotel operations, catering, room service and the restaurant Second Home Kitchen + Bar. The hotel is located [...]
Retail sales at Family Dollar Stores are up 8% this year as the discount sector flourishes. With retail bankruptcies continuing to mount Blockbuster and Borders Group are the latest, leaving hundreds of storefronts vacant new development has retreated into an eerie calm. Its the rare shopping center being planned anywhere today. Some merchandising experts predict [...]
The Atlanta office sector in 2011 is expected to post its first reduction in vacancy in four years, according to Marcus & Millichap Real Estate Investment Services. The number of office-using jobs in metro Atlanta is projected to increase by 11,700 this year, following the loss of 8,200 workers in 2010. Employers in metro Atlanta [...]
750 Seventh Avenue, New York Fosterlane Management Corp. has acquired 750 Seventh Avenue, a 34-story, 600,000 sq. ft. office tower in Manhattan for $485 million, or slightly more than $800 per sq. ft. The seller was Houston-based Hines. Completed in 1989, 750 Seventh Avenue was designed by the Pritzker Prize-winning architecture firm Kevin Roche John [...]
Seniors housing operators and investors will find some encouraging signs in the latest report on the state of the industry as the annual absorption rate of units hit its highest level since the beginning of 2007. The annual pace of absorption was 2.1% in the first quarter of 2011, up from 1.7% in the previous [...]
Interest-only loans are back, says Andy Little, principal at John B. Levy & Co., and theyre back in a big way. A full 24% of the loans that were securitized in the first quarter of 2011 through conduit lenders were structured with some sort of interest-only period. What makes this so curious, according to Little [...]