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Eldorado Plans Sale of Stock, Vegas Land with Caesars Deal Near
News 3 weeks ago
Eldorado Plans Sale of Stock, Vegas Land with Caesars Deal Near

The casino and gaming company plans to offer up to 20.7 million stock shares and sell some Las Vegas real estate to shore up its finances. ...

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Billionaire Rowling’s Manhattan Hotel to Permanently Close
News 1 month ago
Billionaire Rowling’s Manhattan Hotel to Permanently Close

The 399-room property, located in East Midtown and owned by TRT Holdings, will close its doors for good. (Bloomberg)—The Omni Berkshire Place hotel...

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Legoland Reopens to Thin Crowds with Social Distancing in Place
News 1 month ago
Legoland Reopens to Thin Crowds with Social Distancing in Place

Guests at the Winter Haven, Fla.-based resort weren’t required to wear masks and only a few did. (Bloomberg)—Legoland, the first big Florida theme...

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Los Angeles Passes Ordinance to Suspend Self-Storage Rent and Late Fees Due to COVID-19
News 1 month ago
Los Angeles Passes Ordinance to Suspend Self-Storage Rent and Late Fees Due to COVID-19

The measure must still be signed by Mayor Eric Garcetti before it goes into effect. The Los Angeles City Council passed an ordinance last week that...

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Education and Healthcare Industries Could Drive Additional Data Center Demand
News 1 month ago
Education and Healthcare Industries Could Drive Additional Data Center Demand

With more activities moving online, education and healthcare service providers might need a lot more cloud storage. Although the technology...

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8 Local Hotels Part of Portfolio in Default
News 1 month ago
8 Local Hotels Part of Portfolio in Default

Eight local hotels owned by Tharaldson Hospitality Management are part of a nationwide portfolio in default on its loan, according to a firm...

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Some Hotel Developers Start Considering Whether to Abandon Construction Projects
News 2 months ago
Some Hotel Developers Start Considering Whether to Abandon Construction Projects

With tourism imploding and lenders wary, some hotels under construction are no longer worth completing. The implications of the coronavirus...

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Land Lease Properties Perform Well Amid the Crisis
News 2 months ago
Land Lease Properties Perform Well Amid the Crisis

Manufactured housing is less likely than other types of real estate to rise or fall. Manufactured housing properties are not only surviving the...

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What CRE Will Look Like As America Reopens
News 2 months ago
What CRE Will Look Like As America Reopens

Even after the the worst stage of the COVID-19 pandemic ends, how we use physical spaces will be transformed for the foreseeable future. The United...

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Anbang Unit Sues Mirae to Complete $5.8 Billion Hotel Deal
News 2 months ago
Anbang Unit Sues Mirae to Complete $5.8 Billion Hotel Deal

The firm filed a lawsuit in Delaware Chancery Court seeing an order “compelling defendants to perform their obligations.” (Bloomberg)—An Anbang...

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Forgotten Frontline Workers at Seniors Housing Properties Need Support
News 2 months ago
Forgotten Frontline Workers at Seniors Housing Properties Need Support

By prioritizing frontline healthcare workers’ needs, we will be able to keep seniors safe and healthy. The COVID-19 health crisis is...

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Airbnb Raises Another $1 Billion in Debt, IPO Prospects Diminish
News 2 months ago
Airbnb Raises Another $1 Billion in Debt, IPO Prospects Diminish

The company raised another $1 billion in first-lien debt as a financial cushion. (Bloomberg)—Home-sharing leader Airbnb Inc. lined up $1 billion in...

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CRE's Potential Winners and Losers in a Virus-Hit World
News 3 months ago
CRE's Potential Winners and Losers in a Virus-Hit World

Some property sectors and investor segments may be well-positioned even in a pandemic. Others may be looking at an abyss. It may not be fair, but...

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More U.S. Hotel Closures Likely with Occupancy Rates Near 20%
News 3 months ago
More U.S. Hotel Closures Likely with Occupancy Rates Near 20%

More hotels are likely to close as occupancies fall below 20 percent in most of the country’s largest markets. (Bloomberg)—Occupancy rates at U.S....

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Convention Cancellations to Cost Over $20 Billion in Two Months
News 3 months ago
Convention Cancellations to Cost Over $20 Billion in Two Months

As many as 80 percent of the trade shows and events held from March to mid-May haven been cancelled or postponed. (Bloomberg)—The U.S. convention...

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How Badly Will Conference Cancellations Batter U.S. Hospitality REITs?
News 4 months ago
How Badly Will Conference Cancellations Batter U.S. Hospitality REITs?

Multiple corporate events have been cancelled to prevent the spread of the coronavirus. The U.S. hotel sector will bear the impact. As the...

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