Top News for Real Estate Pros
Here's How the Largest Commercial Property Brokerages Engage in 'Quiet?Cutting'
As a way to recover from market disruptions, several brokerages, including Marcus & Millichap , 仲量联行 and 戴德梁行 , have begun to implement selective cost cuts until conditions return to normal.
Apple Hospitality REIT Jumped at Opportunity To Acquire DC Convention?Hotel
Apple Hospitality REIT, Inc. CEO Justin Knight said what made the acquisition of the 234-room AC Hotel by Marriott Washington DC Convention Center attractive was the city's status as one of the lowest markets for hotel supply growth in the country.
Industrial Loans Rise 63% While Most First-Quarter Borrowing?Declines
Overall loan originations in the first quarter varied across different property types, with only two showing increases from a year earlier: hashtag#industrial properties saw a 63% increase, while hashtag#hotel property originations increased by 8%.
Red Lobster Abruptly Shuts Roughly 100 Restaurants?Nationwide
Red Lobster identified on its website the locations that it said were "temporarily closed," while, at the same time, restaurant industry liquidator TAGeX Brands on LinkedIn announced it was conducting "the largest restaurant equipment auction ever" for more than 50 Red Lobster sites.
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