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Auction.com: CRE Markets at Strongest Since Recession

Auction.com: CRE Markets at Strongest Since Recession

IRVINE, Calif.—Auction.com today released its Q4 2014 Commercial Real Estate (CRE) Market Monitor, which shows healthy increases in both deal volume and price growth even as risk premiums edge up. CRE deal volume is at a new post-recession peak as ...

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Omni Berkshire Place Appoints New GM

Omni Berkshire Place Appoints New GM

NEW YORK—Omni Hotels & Resorts has announced the appointment of industry veteran Delfin Ortiz as the general manager of the Omni Berkshire Place in New York City. In this role, Ortiz will manage all operational aspects at the Midtown Manhattan ...

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Iconic Properties Purchases Aspen’s Historic Hotel Jerome

Iconic Properties Purchases Aspen’s Historic Hotel Jerome

HOUSTON, Texas—Houstonian Dan Friedkin, through his hospitality investment company Iconic Properties, has purchased Aspen’s historic Hotel Jerome, an Auberge Resort, from Chicago-based DRW Real Estate. The purchase is part of Friedkin’s further expansion in the hospitality industry, following his 2013 ...

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Ian Schrager Ready to Sell Public Chicago Hotel

Ian Schrager Ready to Sell Public Chicago Hotel

Boutique hotelier Ian Schrager and financial partner Morgan Stanley Real Estate Funds are putting the Public Chicago hotel up for sale less than four years after it opened, according to Crain’s Chicago Business. Schrager told the news outlet that the ...

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Chinese Insurer to Buy Baccarat Hotel for $230 Million

Chinese Insurer to Buy Baccarat Hotel for $230 Million

A Chinese insurer has agreed to purchase the Baccarat Hotel in Midtown Manhattan from Starwood Capital Group for $230 million, the Wall Street Journal reports. Sunshine Insurance Group is paying more than $2 million per room for the luxury property, ...

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