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Manchester Arts District »NEW 2010 - Active
Daniell Development To Take On Largest Penthouse Project »July 2009 - Closed
Residential Portfolio III: Income Producing Portfolio »October 2009 - Closed
Residential Portfolio: Upscale Income Producing Portfolio »June 2009 - Closed
Bond structure on new hotel: Sheraton Atlanta »May 2009 - Active
Subdivision Portfolio: 40 New Homes: Performing »April 2009 - Closed
Bank Partner Golf Course Portfolio »April 2009 - ClosedFeb 2009 Subdivision Portfolio: Townhome Partnership Performing »February 2009 - ClosedCountry Club Portfolio: Performing, Partnership »February 2009 - ClosedPlease contact Daniell Development, Inc.
for complete projects list.
Monthly Archives: November 2010
CoStar Commercial Repeat-Sale Indices
OBSERVATIONS (From CoStar Group)
Investment grade real estate continued to slide in July by a negative 5.05% following a similar dip in June. Cumulatively that is a drop of nearly 10% in just two months, following an extremely positive 11.78% increase in May and nearly wiping out the May increase.
As a result, the three month change [...]
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Starwood’s Aloft – first NYC hotel will open in Harlem
Finally New York is getting its own Aloft hotel. You know, that chic, affordable brand from the folks behind W. Not only it is the fastest hotel roll out in history, with more than 40 properties opened in two years, but Aloft also gotten attention for its modern design sensibility and cutting-edge technology.
Nearly a century [...]
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Real Money: CRE Investors Raise More Than $8.3 Billion in October
Companies and funds reported raising $8.34 billion in October for real estate-related investments and financing. The amount raised brings the total inflow for the first nine months of the year to $79.28 billion from approximately 1,461 funds and firms. CoStar Group tracks the fundraising activity of almost 2,000 entities on an ongoing basis and adds [...]
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Hotel Industry Leading Indicator weakens
The U.S. Hotel Industry Leading Indicator decreased 1.1% during September after a slight drop of 0.5% during August, reports economic research firm e-forecasting.com in conjunction with STR. The U.S. Hotel Industry Leading Indicator, or HIL, is a monthly leading indicator for the U.S. hotel industry that, on average, leads the industry’s business activity four to [...]
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Apple REIT Acquires 16-Hotel Portfolio for $291M
Apple REIT Nine Inc. has acquired 16 Marriott and Hilton branded hotels from White Lodging Services Corp. for $291.5 million. The transaction includes hotels in seven states totaling 2,240 rooms. The properties include the SpringHill Suites, Residence Inns, Courtyard by Marriott, Hilton Garden Inn, Fairfield Inn & Suites and Embassy Suites brands. All properties will [...]
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Chinese Modular Hotel Construction: 136 total hours
Ark Hotel – to explain the video in detail: 48 hours of construction time is the accrued time of construction. workers rest after 10pm everyday. As you may see on the left corner the clicker registers 46 hours as time to finish the main structural components, and another 90 hours to finish the building enclosure. [...]
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Lower-tier extended stay coming back fast
STR categorizes extended-stay hotels as tiered into two categories: upper- and lower-tiered brands. The upper tier includes brands such as Residence Inn, Staybridge Suites, Homewood Suites and Hawthorn Suites. Lower-tier brands include Extended Stay America, Mainstay Suites, Candlewood Suites and Value Place. When comparing the performances of the two tiers of branded extended-stay hotels, the [...]
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Walking away is easy to do at Hyatt
The decision by Hyatt Hotels to abandon the Hyatt Regency Princeton after falling behind on the mortgage. At the time, we contrasted the corporate decision to abandon a property it no longer wanted with similar decisions that countless Americans are making about their homes. Now we know how the decision to walk away affected Hyatt: It [...]
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CMBS unpaid balances reach $62.19 billion, CRE CDO delinquencies up