Data processing firm Celonis extended its existing lease at 1 World Trade Center by signing for an additional 40,763 square feet on the 70th floor, according to The Durst Organization and The Port Authority of New York and New Jersey (PANYNJ). The deal brings 1 World Trade Center to 95% leased, 2 … [Read more...] about 3.8.22: 1 WORLD TRADE CENTER 95% LEASED WITH LATEST DEAL: DURST
11.17.21: LATEST CMBS CONDUIT OFFERINGS WELL RECEIVED
CMBS conduit securities offerings continued to flow in November despite growing global market volatility. 3650 REIT, Citigroup and Deutsche Bank priced a $918.6-million conduit deal -- the first from 3650’s new shelf -- at relatively tight spreads. The super-senior, long-term AAA-rated securities … [Read more...] about 11.17.21: LATEST CMBS CONDUIT OFFERINGS WELL RECEIVED
2.7.20: PIER 1 IMPORTS LATEST RETAILER TO FILE FOR BANKRUPTCY
Pier 1 Imports declared bankruptcy on Monday in a move aimed at facilitating a sale of the struggling home furnishings company. The publicly listed retailer is in talks with multiple potential buyers, the company said in a statement that did not disclose possible buyers. It also reiterated a … [Read more...] about 2.7.20: PIER 1 IMPORTS LATEST RETAILER TO FILE FOR BANKRUPTCY
6.28.17: Hilton’s Tru Brand Latest Entrant into Crowded Hotel Franchise Space
Hilton Worldwide Holdings (Hilton) opened its first Tru by Hilton Hotel in Oklahoma City in May. The new mid-priced brand is pricing rooms at less than $100 to attract cost-conscious travelers such as millennials. The larger lobbies and amenities such as craft beer and pool tables encourage communal … [Read more...] about 6.28.17: Hilton’s Tru Brand Latest Entrant into Crowded Hotel Franchise Space
9.7.16: Wellness Travel Is Latest Trend in Hospitality
Hoteliers often hear their guests say, “I really have a hard time staying in shape and eating properly when I travel.” Well, research points out many travelers feel this way. According to Joel Eisemann, chief development officer in the United States for Intercontinental Hotels Group (IHG), “Our … [Read more...] about 9.7.16: Wellness Travel Is Latest Trend in Hospitality
7.8.16: Latest Twist in Risk-Retention Structure
Rialto Capital has agreed to buy the subordinate portion of the first commercial MBS deal that will be structured to comply with impending risk-retention rules, according to Commercial Mortgage Alert. The roughly $800-million offering is scheduled to hit the market this month. It will be backed by … [Read more...] about 7.8.16: Latest Twist in Risk-Retention Structure