Hotel financing

Apple Hospitality REIT acquires Aloft Portland, Maine

RICHMOND, Virginia – (COMMERCIAL THREAD) – Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) today announced the acquisition of the 157-room Aloft Hotel on the downtown waterfront of Portland, Maine (the “Hotel”) for a total purchase price of $ 51.2 million, or approximately $ 326,000 per key. …

Read More »

Economic oddity: record job vacancies and many unemployed people

WASHINGTON — The disconnect is shocking: Across the United States, employers desperate to fill jobs have posted a record number of job postings. They also raise salaries and offer bonuses to people who accept job offers or recruit their friends. And yet millions more Americans are out of work compared …

Read More »

Bucks could revise Deer District development plans due to COVID-19

Months after drawing around 100,000 people to the downtown Deer District, the Milwaukee Bucks could overhaul basketball team development plans for sites close to the Fiserv Forum. This reassessment is driven in part by the impact of the COVID-19 pandemic on the way people live, work and play, said Peter …

Read More »

UAE to unveil first of 50 major projects tomorrow – News

These 50 ambitious economic and social projects build on the UAE’s success in promoting growth even in the midst of the pandemic. UAE leaders are expected to announce a series of big plans tomorrow – the first of 50 new projects that will usher in the country’s next phase of …

Read More »

Burn Zone Could Pave Way For New Elderly Living Complex Tabitha | Local government

Tabitha officials included this rendering of a proposed seniors apartment complex with 128 units in a presentation to the city’s urban design committee. The complex would be built southwest of 48th and L streets. Tabitha, Courtesy Image The Lincoln-Lancaster County Planning Commission on Wednesday recommended approval of a plan that …

Read More »

Exploring A’s relocation to Vegas according to the Raiders’ plan

As the Oakland Athletics made their fifth visit this week to Las Vegas to explore a possible relocation to southern Nevada, it becomes clear that they are following a plan similar to that of the Raiders. Whether this leads to a similar result, a move to Las Vegas, remains to …

Read More »

Caltrain projects office towers next to downtown San Jose – Silicon Valley transit hub

SAN JOSE – The Caltrain board is considering the development of office towers that could sprout up at the entrance to Diridon Station in downtown San Jose and adjacent to the transit village proposed by Google. The Peninsula Corridor Joint Powers Board, which governs Caltrain, is planning the development of …

Read More »

Simpson feels MP’s warmth over ‘independent’ review of SDEN

A Sutton MP has expressed serious doubts whether a so-called ‘independent’ review of the controversial council-owned SDEN will make any difference to the hundreds of Hackbridge residents whose homes and lives have been marred by the expensive and unreliable heating network. Conservative MP Elliot Colburn: skeptical of terms of SDEN …

Read More »

The basics of home insurance

Lew sichelman Many homeowners, especially rookies new to the game, have no idea what their homeowner’s insurance policies cover. Buyers know they need to have insurance or their lender won’t provide the financing. And they need to know that they have to keep the cover in place, or the lender …

Read More »

Starwood Provides $ 230 Million Debt Package on HomeTowne Studios Portfolio – Commercial Watcher

Dune real estate partners and Westmont Hospital Group secured $ 230 million in debt to finance a portfolio of 41 properties HomeTowne Studios by Red Roof long-stay hotels, according to the rating agency’s analysis of the case. The Commercial Mortgage Backed Securities (CMBS) debt package includes a $ 184 million …

Read More »