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(iStock)
National

Leisure and hospitality lost 500K jobs in December

The coronavirus continued to have disparate effects on real estate in December, with some sectors continuing to shrink while...

Leisure and hospitality lost 500K jobs in December
Colony Capital chairman Tom Barrack (Getty, iStock)
National

Goodbye, LA: Barrack’s Colony packs bags for Florida

Tom Barrack has relocated Colony Capital’s corporate headquarters to Florida from Los Angeles. The real estate investment trust moved...

Goodbye, LA: Barrack’s Colony packs bags for Florida
Photo illustration of Gov. Gavin Newsom and the Holiday Inn in Long Beach (Getty, Google Maps)

California spent $850M on inns for homeless

Hotel sales in California fell through the floor in 2020, but a state-run spending spree produced dozens of deals at year’s end. Gov. Gavin Newsom announced last week that the state used money from...

California spent $850M on inns for homeless
Empty offices, shut down retail stores, closing restaurants and literal fires are among the biggest real estate disasters of 2020. (Getty)
National

Worst of the worst: The real estate disasters of 2020

 Vacant offices. Shuttered restaurants. Empty hotels. The pressure on real estate was relentless this year as the pandemic took...

Worst of the worst: The real estate disasters of 2020
Oaktree Capital Management CEO Jay Wintrob and Ashford Trust CEO Rob Hays (iStock)
National

Die another day: Ashford gets $350M to survive pandemic

The price is high, but one of the nation’s largest hotel investment trusts will live to be hospitable another...

Die another day: Ashford gets $350M to survive pandemic
Ashford Hospitality Trust CEO Rob Hays with the W Hotel in Atlanta. (LinkedIn, Marriott)
National

Ashford: Insolvency imminent without new financing

 Ashford Hospitality Trust is running on fumes, the real estate investment trust disclosed Monday. The Dallas-based owner of upscale...

Ashford: Insolvency imminent without new financing
Alex Rodriguez and Adi Chugh (Getty)
National

Alex Rodriguez and Adi Chugh join $650M hotel fund

Retired baseball superstar Alex Rodriguez found his latest real estate investment. Rodriguez’s A-Rod Corp and joint venture partner Adi...

Alex Rodriguez and Adi Chugh join $650M hotel fund
Slate Property Group co-founder Martin Nussbaum and the Hotel Cecil (Slate, Google Maps)

Developer snags $30M loan for Hotel Cecil conversion

Simon Baron Development secured a $30 million mezzanine loan for its ongoing work to convert the notorious former Hotel...

Developer snags $30M loan for Hotel Cecil conversion
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