Bisnow The 217-room W hotel in lower Manhattan is permanently closing on Oct. 13. The property, at 8 Albany St., has been temporarily shut since March as a result of the coronavirus pandemic. Other hotels in Manhattan already have shuttered ...
Commercial Observer The Times Square Edition hotel in Manhattan, which had been slated to close on Aug. 13, instead will re-open to the public this fall. The move comes after Maefield Development reached a debt restructuring agreement with Natixis and other ...
The Real Deal Malls in some parts of New York state are expected to re-open on Friday, but those in New York City will remain closed. Governor Andrew Cuomo announced that malls in areas that are entering phase 4 of ...
Commercial Real Estate Direct Staff Report Ohana Real Estate Investors' effort to take over the luxury Mark Hotel in Manhattan's Upper East Side through foreclosure was dealt a setback by a New York court. Ohana holds a $35 million junior ...
Houston Business Journal Construction is underway on a 116,500-square-foot medical-office building in Houston. Healthpeak Properties Inc. is developing the five-story property at 7500 Fannin St. It already is 36 percent preleased and will include a parking garage that's being built ...
The Real Deal Vornado Realty Trust has given up on the 118,750-square-foot office and retail building at 608 Fifth Ave. in Manhattan. The New York company turned control of the property over to the Korein family, which owns the ground ...
CBL & Associates Properties Inc. has given up on its efforts to modify the $77.1 million loan against the Park Plaza shopping mall in Little Rock, Ark., and expects to turn the retail property over to its lender. The mall ...
Crain's New York Business Macy's Inc. is in discussions with New York City Mayor Bill de Blasio about re-opening its flagship store at 151 West 34th St. in Manhattan. Jeff Gennette, the retailer's chief executive, said the store is hoping ...
The Real Deal The 452-room Marriott Times Square Edition hotel is permanently closing this summer. The property, at 20 Times Square, had opened just last year. Marriott International in March had warned the property's owner, Maefield Development, that it could ...
Crain's New York Business Macy's Inc. plans on re-opening 68 stores on Monday in states that have eased lockdown restrictions put in place as a result of the coronavirus pandemic. The stores are in Georgia, Oklahoma, South Carolina, Tennessee and ...
CNBC Simon Property Group will begin re-opening 49 malls starting this Friday in states that are easing social-distancing guidelines. The Indianapolis REIT closed all of its 204 properties last month as a result of the coronavirus pandemic. Business hours at the ...
Dallas Morning News Trigild Inc. has been named receiver for Shops at Willow Bend, a 1.23 million-square-foot shopping mall in Plano, Texas. A venture led by Starwood Capital Group owns the property, along with three other malls - Fairlane Town ...
Houston Business Chronicle InterContinental Hotel - Medical Center has let go 82 employees, either temporarily or permanently, due to the ongoing fallout from the coronavirus pandemic. InterContinental Hotels Group, which operates the 353-room hotel at 6750 Main St., noted the ...
The Real Deal MRR Development has secured a $1.7 million federal loan to help it keep the 294-room Hotel Indigo in Manhattan open. The loan was originated through the Paycheck Protection Program, which is part of the $2.2 trillion Coronavirus ...
New York Daily News New York City officials plan on leasing thousands of hotel rooms in the city and using them to provide non-intensive care for patients suffering from the coronavirus and other conditions. Mayor Bill de Blasio said the ...
The Real Deal Several New York City hotels, many of which sit empty due to the coronavirus outbreak, have offered rooms to medical personnel and non-critical care patients. Properties that have offered free rooms to doctors, nurses and other hospital ...
The Real Deal The 282-room Plaza Hotel in Manhattan has temporarily closed starting today due to the coronavirus pandemic. It is unclear when the property will re-open. The hotel, at 768 Fifth Ave., sits between West 58th and 59th ...
Commercial Real Estate Direct Staff Report A venture of the Witkoff Group and hotelier Ian Schrager temporarily has closed the 370-room Public hotel in Manhattan due to the coronavirus outbreak. The venture did not say when it would re-open the ...
TJX Cos. has closed its 4,529 stores through at least April 3 as a result of the coronavirus outbreak. The Framingham, Mass., company operates 3,290 T.J.Maxx, Marshalls, HomeGoods, Sierra and Homesense stores in the United States and 1,239 stores in ...
Crain's New York Business The 150,000-square-foot Rivington House in Manhattan could be used as a temporary medical facility to treat patients with Covid-19. The property, at 45 Rivington St., opened in the early 1990s to treat patients with HIV and ...
Unibail-Rodamco-Westfield, which owns 90 shopping centers in Europe and the United States, has shuttered its U.S. properties "for the time being" in light of the Covid-19 outbreak. As such, the company joined Simon Property Group and Taubman Centers Inc., which earlier this ...
Commercial Real Estate Direct Staff Report Taubman Centers Inc. is closing 16 of its 18 shopping centers in the United States and Puerto Rico starting tomorrow until at least March 29 as a result of the coronavirus outbreak. Robert S. ...
Commercial Observer The U.S. Department of Housing and Urban Development is in preliminary talks to convert 50 student-housing properties to temporary medical centers to serve patients with the coronavirus. Walker & Dunlop proposed the plan, which would target off-campus properties ...
Simon Property Group late yesterday said it would close all its properties - malls and outlet centers - until March 29. The unprecedented move was done "after extensive discussions with federal, state and local officials in recognition of the need ...
The 10 Manhattan office buildings with the greatest property tax liability face a total tax bill of $526.7 million this year, according to Metro Manhattan Office Space Inc.That's a weighted average increase of 17.9 percent from 2016, when those same ...
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