Jose Huizar and Nury Martinez (Credit: Desiree Stone/Getty Images) In the wake of their colleague Jose Huizar’s corruption indictment, Los Angeles city councilmembers are mulling changes to the development and approval process. Council ...
(iStock) As travelers throughout the U.S. try to make the most of a surreal summer, hotel occupancy has slowly improved, and has finally hit the 50 percent mark for the first time since mid-March. While overall occupancy has risen for ...
The Real Deal is throwing an end-of-summer sale and you’re invited! Join the TRD community today and get 20% off any annual subscription package. Plus, we’ve added new exclusive subscriber benefits. There’s never been a better time to ...
Since the start of the coronavirus crisis, hundreds of CMBS loans — primarily in the lodging and retail sectors — have been transferred to special servicers as a result of serious cash flow problems. And hundreds of borrowers have had ...
Justin Myers, Vice President of Atlas Hospitality A report on California hotel construction found there soon will be no hotel construction. “We are forecasting that the vast majority of hotel projects in planning will simply not get ...
Mall of America and Triple Five Group chairman Nader Ghermezian (Mall of America by KEREM YUCEL/AFP via Getty Images and Raymond Boyd/Getty Images) The country’s biggest shopping mall is trying to stave off foreclosure after falling ...
Jonathan Kalikow and Leonard Tannenbaum AFC Gamma, a West Palm Beach-based real estate investment trust, now has $120 million in capital on hand to lend to cannabis operators. AFC Gamma, which stands for Advanced Flower Capital, ...
Glenn Kelman and Kerry Chandler (Redfin) Following a search aimed at bringing “a diverse perspective” to the company, Redfin has appointed Kerry Chandler, a human resources executive who is Black, to its board of directors. Chandler, ...
Airbnb’s Brian Chesky (Getty) Airbnb has confidentially filed to go public, following a dramatic dip in revenue as a result of the pandemic. The home-share startup announced the move in a statement on its website Wednesday, noting that ...