By Sean McCracken Hotel News Now Summary: Hyatt Hotels Corp. will remain active in the transactions market after completing a $2 billion hotel sales commitment. CEO Mark Hoplamazian highlighted the focus on strategic partnerships and acquisitions of hotel brands or...
By Tony Wilbert CoStar News Summary: CIM Group adapted its $5 billion development plans for Centennial Yards in downtown Atlanta by shifting focus from office buildings to hospitality, a move deemed essential for success by Brian McGowan, CIM’s Centennial Yards...
By Paul Owers CoStar News Summary: Lennar, the largest U.S. homebuilder, reported a nearly 20% surge in orders due to a nationwide housing shortage exacerbated by higher interest rates deterring moves. Despite challenges like builder confidence declines, the...
By Candace Carlisle CoStar News Summary: Dallas County’s new 12-story parking garage, designed exclusively for electric vehicles and built with future expansion in mind, reflects a forward-thinking approach to urban infrastructure. Costing $66.8 million, it...
By Mark Heschmeyer CoStar News, June 27, 2024 Summary: Blackstone’s activities have the potential to significantly boost the issuance of commercial mortgage-backed securities (CMBS). Meanwhile, a loan for two high-rise buildings in Chicago has been downgraded,...
