Saturday, July 4, 2009

Recession or Not, Love Hotels in Japan Doing Booming Business

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TOKYO—Found: A recession-proof industry. Love hotels. Operators prefer to call them Leisure hotels. There are an exti mated 25,000 of them t...

Los Angeles Medical Office Market Outperforms Nation

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LOS ANGELES, CA--Marcus & Millichap Real EState Investment Services reports medical office properties in the Los Angeles metro continue...

Beazer Homes Agrees to Pay $53M to Settle Mortgage Fraud Charges

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WASHINGTON, DC – In the most blatant case of mortgage fraud disclosed to date, Atlanta-based Beazer Homes USA Inc. has agreed to pay a tota...

Expansion of SBA’s latest initiative could have dramatic impact on Small Businesses, National Economy, says Chris Hurn

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ALTAMONTE SPRINGS, Fla. - The U.S. Small Business Administration’s helpful decision recently to extend its SBA-504 lending program ---which ...
Friday, July 3, 2009

Landmark Watergate Hotel, Vacant for 5 Years, Faces Foreclosure

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WASHINGTON, DC—Watergate, a name synonymous with the late President Richard M. Nixon, (bottom right photo) is in the news again. Getting the...

Hoteliers Continue to Face Eroding Room Demand

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ENCINO, CA--Marcus & Millichap Real Estate Investment Services Inc. reports the recession continues to erode room demand, forcing hotel...

Grubb & Ellis Names David Susoreny Executive Vice President, Corporate Services Group

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SANTA ANA, CA– Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, has named David Susoreny executiv...

Black & Veatch Completes Purchase of World Headquarters

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OVERLAND PARK, KS--(BUSINESS WIRE)--Black & Veatch today finalized its purchase of the 11401 Lamar Avenue building in Overland Park, the...
Thursday, July 2, 2009

Marcus & Millichap Hires Fran Victor as Associate in Portland, OR Office

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PORTLAND, OR– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has hired ...

Officials Announce 2009 International Hotel Conference in Venice

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VENICE, Italy—Organizers of the International Hotel Conference, one of the most significant annual gatherings of international hotel expert...

Commons at Abacoa in Jupiter, FL Gets $5M Loan

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FORT LAUDERDALE, FL—July 2, 2009— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing on June 30, 2009,...

Orange County, FL May Resort Tax Collections Dip 18% in May

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ORLANDO, FL -- County Comptroller Martha Haynie (top right photo) announced today that resort tax collections received by the County in Ju...

A.D. Owens Construction completes historic building renovation for Old Florida National Bank

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ORLANDO, FL— A.D. Owens Construction Corp. has completed the new downtown Orlando office of Old Florida National Bank (top right photo) lo...

Lodgian Provides Update on Maturing Mortgage Debt

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ATLANTA, GA, July 2, 2009 – Lodgian, Inc. (NYSE Alternext US:LGN), one of the nation’s largest independent hotel owners and operators, toda...

Wyndham Appoints Travel Systems Expert as Global Marketing Leader

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PARSIPPANY, NJ– Wyndham Hotel Group , the world’s largest hotel company with approximately 7,000 hotels and 11 brands, has appointed Flo Lu...