Hyatt Acquires Two Roads Hospitality Group for $480 Million
Hyatt Hotels Corp. on Monday announced its intent to acquire boutique hotel company Two Roads Hospitality for a base price of $480 million, reported the San Francisco Chronicle. […]
Vacancy Rates at U.S. Malls Reach a 7-Year High
Vacancy rates in enclosed regional malls jumped to 9.1% in Q3 2018, the highest rate since Q4 2011, according to real estate research firm Reis […]
Swedish Company Creates the First Carbon-Positive Data Center
EcoDataCenter, a Swedish company dedicated to building energy-efficient data centers, created its first ever carbon-positive data center, which integrates with the surrounding energy ecosystem to reuse […]
Keller Williams and Reaology Join the iBuyer Fray
National real estate firm Keller Williams (KW) announced it was launching its own iBuyer program, which allows homeowners to list and sell their homes for […]
CBRE to Offer Valuation Services for Multiple Property Portfolios
Global real estate firm CBRE launched a new portfolio valuation service for clients with multiple properties in different geographies, reported GlobeSt.com. The new service will […]
Zillow Adds Canadian Listings and Enters a New Market with Instant Offers
Real estate web portal Zillow announced that it partnered with Canadian brokerage firm Right at Home Realty to send its direct listing feeds to the […]
Annual Hotel Key Performance Metrics Decline in September
Annual hotel key performance metrics declined in the U.S. during the week of 9-15 September 2018, according to data from STR. In comparison with the week […]
WeWork is Now the Largest Office Tenant in Manhattan
In a milestone development underscoring the growing demand for flexible office space, co-working company WeWork now is now the largest office space tenant in Manhattan, […]
Keller Williams Makes Substantial Investments in New Technology
Keller Williams has acquired SmarterAgent, a platform that connects more than 650 multiple listing services and allows brokers and agents to create branded real estate […]
Fixed Mortgage Rates are Nearly 1 Percent Higher than Last Year
Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year fixed-rate mortgages climbed to 4.6 percent from 4.54 percent last week. The average […]