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Larry Ellison’s investment arm buys Hyatt resort in Lake Tahoe for $345M
Oracle co-founder Larry Ellison acquired a waterfront resort in Lake Tahoe’s Incline Village neighborhood for $345 million, representing one...
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Orion Jones
National
Pandemic paralysis: Delta continues to impede hotel, restaurant recovery
The Delta variant continues to stall recovery in the hospitality sector, as hotels, restaurants and bars added a mere...
National
September slump sends real estate stocks back to July
It wasn’t exactly a September to remember for investors in property stocks. Shares of real estate companies descended from...
National
Real estate stocks slide as China spooks investors
China’s real estate sector rankled investors this week as the country’s second largest property developer missed a deadline to...
National
Robert Durst’s nephew sues family for cutting off trust payments
The courtroom drama surrounding the Durst family did not end with Robert Durst’s murder conviction in Los Angeles on...
National
Blackstone, Apollo, KKR take market hit on Evergrande tumult
Global investment firms with real estate holdings took a beating in markets on Monday as China Evergrande inched closer...
Contractor bails on Oceanwide’s LA megaproject after scoring $42M judgment
Chinese real estate conglomerate Oceanwide Holdings has some explaining to do. The developer has been ordered to appear before...
National
Delta variant slams door on hospitality hiring
Job growth in leisure and hospitality slowed to zero in August, pumping the brakes on an economic recovery that...
Blackstone’s Motel 6 portfolio gets $685M CMBS loan
Blackstone is refinancing a portfolio of 106 Motel 6 and Studio 6 hotels across the country. The firm’s G6...
National
Real estate stocks dodge obstacles, charge forward in August
As the U.S. economy emerges from the pandemic, real estate’s spirit animal might be the iconic bull of Wall...