Chicago
Mar 8, 2025
Digging into Chicago’s biggest brokers and builders
Plus, muddled foreclosure lawsuits threaten suburban CRE investments, River North mastermind Al Friedman opens up and more Chicago real estate news
Hotel Market
Chicago
Mar 6, 2025
Skokie hotel developer E&M faces messy foreclosure on $24M construction loan
Lender’s lawsuit is the latest setback in three years of delays on a Homewood Suites by Hilton planned for downtown Skokie by local developer
Los Angeles
Mar 5, 2025
LA County hotel development balks at inflation, interest rates
Despite statewide hospitality doldrums, LA has 23 hotels with 2,833 rooms under construction: Atlas
New York
Mar 4, 2025
Han’s Holding Group offloads Chelsea hotel for $50M
Raymond Chau purchased 169-key Hilton Garden Inn
Chicago
Mar 4, 2025
Struggling Sonder ditches River North hotel, landlord sues for $4M
Dispute arises after Hawkins Way Capital, owner of 60-room Found Hotel, dodged foreclosure last year
Los Angeles
Feb 21, 2025
Mike Barry gets nod for seven-story hotel in Koreatown
Project would stack 60 guest rooms, 20 apartments and retail under one roof
Seattle
Feb 21, 2025
Urban Villages to open 120-room hotel in Seattle’s historic Pioneer Square
Six-story hotel, converted from a 118-year-old warehouse, to include area’s first rooftop bar
New York
Feb 19, 2025
Alex Sapir boots Highgate from NoMo Soho hotel
Tel Aviv Stock Exchange filing shows Crescent Hotel Management to take over
National
Feb 10, 2025
Hyatt acquiring resort operator for $2.6B
Hotel company adding Playa Hotels to all-inclusive portfolio
Chicago
Jan 29, 2025
Cook County Assessor Fritz Kaegi says its time for commercial owners to pay up
Kaegi has been implementing assessment methods to shift burden away from homeowners
Chicago
Jan 29, 2025
Hotelier Yen accused of dodging investors, debt restructuring firm, tax attorney
Su-Mei Yen’s real estate and lodging operations have so far avoided losing three hotels to foreclosure, but lawsuits are piling up
National
Jan 24, 2025
Host Hotels looks to unload “noncore” property portfolio, valued at over $1B
Assets may include Grand Hyatt San Francisco, W Seattle
Washington D.C.
Jan 23, 2025
Trendy DC hotel auctioned, but not to Elon Musk
Lender Acore Capital sole bidder on The Line DC
New York
Jan 21, 2025
Blackstone snaps up Kimpton Hotel Eventi for $175M
Chelsea property features 292 rooms, three restaurants
San Francisco
Jan 15, 2025
Hotel development stalls across the Bay Area and all of California
Development pipeline dries up as 75% fewer properties opened last year in region
Chicago
Jan 15, 2025
Bally’s seeks key property tax break for $1.7B Chicago casino
Gambling firm faces potential political roadblocks with bid to cut assessments by more than half over a decade
Chicago
Jan 15, 2025
Reinsdorfs, Wirtzes unveil look at $7B Near West Side makeover
Surroundings of United Center to undergo $400M facelift in initial phase of 1901 Project
New York
Jan 8, 2025
Joseph, Meyer Chetrit face foreclosure threat at Times Square hotel
Mack Real Estate suing over alleged $223M debt at 250 West 43rd Street
Tri-State
Jan 7, 2025
Luxury hotel brand Habitas closes its US debut in Hudson Valley
Hotelier André Balazs’ manor only opened three years ago in Staatsburg
Boston
Dec 17, 2024
Rockpoint, Highgate refinance Boston Harbor hotel
Barings provided $115M loan for Renaissance Boston Seaport Hotel