Office, hotel deals bump December CRE sales to near $800 million - Tampa Bay Business Journal

Office, hotel deals bump December CRE sales to near $800 million - Tampa Bay Business Journal

Office, hotel deals bump December CRE sales to near $800 millionTampa Bay Business JournalSummit Hotel Properties Inc. (NYSE: INN) bought the 138-room Hampton Inn & Suites in Tampa for $20.8 million. The deal with seller OTO Development LLC closed Dec. 27. Summit said it expects to spend $2 million on improvements of the property at 1301 ...

Don't buy property - lend to it

More than most sectors, commercial real estate could do with a fresh start this New Year. The figures for December are not out yet, but property values fell 3.9 per cent in the first 11 months of 2012, according to the closely-watched IPD benchmark.

Ask the Experts

Q: My business is growing to the point where I need to move to larger commercial space. Should I buy or lease this commercial property?

Commercial tax appeals costing South Bergen towns plenty

A total of 25 tax appeals from 2009-2011 cost the borough of Carlstadt $1,195,545 this year. On Dec. 17, borough officials approved resolutions to pay tax appeal settlements stemming from businesses in the industrial section.

Developments worth $130m approved for Adelaide - NEWS.com.au

Developments worth $130m approved for AdelaideNEWS.com.auSource: adelaidenow. FIVE city developments worth more than $130 million have been given planning approval. A $45 million residential and hotel development on Waymouth St is among the projects approved by the Development Assessment Commission.and more »

Beach House Hotel's $6 million revamp takes shape - Fraser Coast Chronicle

Beach House Hotel's $6 million revamp takes shapeFraser Coast ChronicleBeach House Hotel manager Paul Robins in the newly revamped beer garden with plans for the hotel's rebuild. Alistair Brightman. WARREN Persal, a Maryborough-born man who "worked his guts out" all his life and became a multi-millionaire, will tear down ...

City Breaks Tourism Record Again With 52 Million Visitors in 2012 - Commercial Observer

GothamistCity Breaks Tourism Record Again With 52 Million Visitors in 2012Commercial ObserverNew York City sold a record 29 million hotel room nights and generated a record $504 million in hotel tax revenue, with the hospitality industry across all five boroughs now employing 356,000 New Yorkers, according to a statement from the Mayor's office.NYC Breaks Tourism Record Again With 52 Million VisitorsWestern Queens GazetteBig Apple has big plans to eclipse 2012's record tourism numbersNBCNews.com (blog)NYC Had A Record 52 Million Tourists Visit In 2012!GothamistSkift -International Business Timesall 325 news articles »

All Florida Urethane Helps Customers Reduce Energy Costs With New Incentives

Condominium and commercial property owners can experience significant savings when they combine the energy efficient urethane roofing service from All Florida Urethane with incentives offered from local power companies. All Florida Urethane, a Florida state certified roofing and insulation contractor, does the research for owners looking for incentives and puts them in touch with power company ...

1. EPF, PNB may be bidding for London's Chiswick Park

PETALING JAYA: Malaysia's stake in the much sought-after commercial property segment of London is set to increase, it would seem.

Commercial Real Estate Web Sites Increase in Popularity

The marketing teams behind New York office buildings are starting to employ the type of stylish Web sites once used only by developers of luxury condominiums.

Chris Sutton on the outlook for the commercial property sector

Leaving aside the sporting achievements of 2012 the year was, by common consent, one to forget.

U.K. Commercial Property Investment Fell 9% on Non-London Slump

London real estate deals totaled 18 billion pounds in 2012, the most in four years, the Chicago-based broker said in a report today. Purchases outside the U.K. capital reached 12 billion pounds, the lowest amount in that period.

Surge in value of commercial deals

The value of commercial property deals in Wales soared by 143% in Q3, according to research from Lambert Smith Hampton's UK Investment Transactions (UKIT) report.

Anna Lynch and Marc Valentine Launch Perth Commercial Property, a Boutique Real Estate Agency

Perth Commercial Property launches to provide top-notch customer service to commercial real estate clients.Perth, Au (PRWEB) December 28, 2012 Real estate agents Anna Lynch and Marc Valentine recently launched Perth Commercial Property to offer better service in the commercial real estate industry. "As both buyers and sellers of real estate, we've had extensive experience on both sides of the ...

City's £1.7million hotel bill for homeless families - Glasgow Evening Times

Glasgow Evening TimesCity's £1.7million hotel bill for homeless familiesGlasgow Evening TimesGLASGOW spent £1.7million putting the homeless up in hotels last year as it failed to find suitable emergency accommodation for hundreds of people. Council bosses resorted to big budget chains to shelter more than 800 households, including families ...

Tribe to spend millions on hotel, travel plaza - The Lawton Constitution

Tribe to spend millions on hotel, travel plazaThe Lawton ConstitutionThe $12 million development proposal includes construction of a new hotel on tribe-owned land within walking distance of the Comanche Nation Casino off Interstate 44 exit 5 in Devol. Plans include construction of a 90-room hotel that would also have ...

Hospital Staff Scheme Buys Sh290 Million Hotel - AllAfrica.com

Hospital Staff Scheme Buys Sh290 Million HotelAllAfrica.comThe Moi Teaching and Referral Hospital Staff Pension Scheme has invested Sh290 million in a new eight storey building to be opened in Eldoret town. Speaking at the scheme's AGM at the weekend, prinicipal officer Agunda Ochanda assured members that ...

Downtown's $324 million hotel - Houston Chronicle (blog)

Downtown's $324 million hotelHouston Chronicle (blog)These renderings show the proposed 30-story convention center hotel proposed for a site just north of Discovery Green. The new project, for which the city approved $138 million worth of incentives last week, will be developed by Houston-based Rida ...and more »

Hotels fixing flaw that made room locks vulnerable to hackers - USA TODAY

Hotels fixing flaw that made room locks vulnerable to hackersUSA TODAYHotels fixing flaw that made room locks vulnerable to hackers: The locks on more than 1 million guestroom doors are in various stages of being repaired, following the revelation this summer that they may be vulnerable to hackers. (Photo: Brian Harkin ...and more »

Moore plans $8 million hotel in hometown - Charleston Post Courier (subscription)

Moore plans $8 million hotel in hometownCharleston Post Courier (subscription)Shortly after donating $1 million to the music program at Claflin University in Orangeburg, South Carolina-born Wall Street financier Darla Moore turned her sights on improving her Pee Dee hometown. Moore and local officials in Lake City last week ...