Park Hotels & Resorts said it stopped making payments on a $725 million loan tied to two prominent hotels in a city hit hard by pandemic-related changes.
Category: Real Estate (Commercial)
-
Apple Bets the Vision Pro Can Take the Metaverse Mainstream
The iPhone maker is making a bold bet that it can redefine the niche category of virtual reality with its $3,500 goggles.
-
Co-Working Spaces Are Reviving Thanks to Remote Corporate Workers
For many, shared offices have become an escape from often chaotic homes — and a chance to join a community. Are they the future of co-working?
-
Movie Theaters Offer Larger Screens, Heated Seats and Sushi to Lure Fans Back
After scraping by during the pandemic, cinemas are hoping to lure back moviegoers by spending millions of dollars on upgrades.
-
Building Boom on Mykonos Reveals ‘Wretched’ Side of Greece’s Recovery
Investors are eager to cash in on soaring demand for luxury properties, but an attack on an archaeologist investigating building violations brought a darker underbelly to light.
-
Walmart Raises Its Outlook as Shoppers Look for Bargains
The retailer reported revenue that beat expectations and said it expected net sales to rise 3.5 percent for the year.
-
The Scramble to Take Over What Bed Bath & Beyond Left Behind
Couples are racing to find new wedding registries while suppliers seek other customers and competing retailers pledge to accept that big blue coupon.
-
A Campus With a Smokestack: Converting Old Factories Into Schools
Adaptive reuse projects have turned former big-box stores, churches, tortilla factories, office buildings and even a space for laser tag into educational facilities.
-
Financial Stability Experts at the Fed Turn a Wary Eye on Commercial Real Estate
A financial stability report from the Federal Reserve flagged concerns tied to rising interest rates, including in commercial real estate.
-
Late-Night Negotiating Frenzy Left First Republic in JPMorgan’s Control
The resolution of First Republic Bank came after a frantic night of deal making by government officials and executives at the country’s biggest bank.