Commercial

Hotel Felix
A historic Jazz Age Chicago hotel that reinvented itself as a modern example of green building is facing a foreclosure lawsuit.   According to a Crain’s Chicago Business report, the joint venture owners of the Hotel Felix—local developers Oxford Capital Group and Gettys Group—have defaulted on a $... Keep Reading....
A luxury New York City hotel that was once owned by Donald Trump was sold last week to a company owned by the government of Qatar
A luxury New York City hotel that was once owned by Donald Trump was sold last week to a company owned by the government of Qatar.   Bloomberg reported Katara Hospitality, the hotel division of the Qatar Investment Authority, completed its purchase of The Plaza Hotel last week for $600 million.... more
The Real Estate Roundtable has named Debra A. Cafaro, Chairwoman and CEO of Ventas Inc., as its Chairwoman for the fiscal year beginning July 1
The Real Estate Roundtable has named Debra A. Cafaro, Chairwoman and CEO of Ventas Inc., as its Chairwoman for the fiscal year beginning July 1. Carafo is the eighth person and first woman to chair the organization since its founding in 1997.   Ventas is a Chicago-based real estate investment... more
Chinese buyers dominated the market of global buyers of U.S. commercial real estate market last year, according to data from the National Association of Realtors (NAR)
Chinese buyers dominated the market of global buyers of U.S. commercial real estate market last year, according to data from the National Association of Realtors (NAR).   The top countries of origin for buyers of U.S. commercial property in 2017 were China (20 percent), Mexico (11 percent), Canada... more
Commercial/multifamily mortgage debt outstanding was up by $44.3 billion in the first quarter, according to new data from the Mortgage Bankers Association (MBA)
Commercial/multifamily mortgage debt outstanding was up by $44.3 billion in the first quarter, according to new data from the Mortgage Bankers Association (MBA).   Total commercial/multifamily debt outstanding rose to $3.21 trillion at the end of the first quarter, up by 1.4 percent from the fourth... more