Rodeo Drive in Beverly Hills (Credit: Wikipedia) A record 50 million visitors to Los Angeles County helped pump $36.6 billion into the economy last year, coming amid continued hotel development. The tally represents a 4.9-percent increase in economic impact over 2017, according to the Los Angeles Tourism and Convention Board, the L.A. Times reported. Visitors […]
Hudson’s Bay mulls sale of Lord & Taylor
Lord & Taylor (Credit: Getty Images) Lord & Taylor may soon have a new owner. Owner Hudson’s Bay Company is considering selling or merging the chain of department stores, according to the Wall Street Journal. The talks are focused on the operating business, not the real estate, and Hudson’s Chairman Richard Baker has also been […]
Park Hotels to snap up Chesapeake Lodging Trust for $2.7B
Park Hotels CEO Thomas Baltimore and Chesapeake Lodging Trust’s President & CEO James L. Francis (Credit: Park Hotels; Chesapeake Lodging Trust; iStock) Park Hotels is set become the second largest lodging real estate investment trust through the acquisition of Chesapeake Lodging Trust in a deal valued at $2.7 billion. With the addition of Chesapeake, Park […]
Tishman Speyer rolls out its coworking business in LA and Boston
Tishman Speyer CEO Rob Speyer with Los Angeles (left) and Boston (right) (Credit: Unsplash) As one of the country’s largest commercial landlords, Tishman Speyer is doubling down on its co-working model, putting it in direct competition with established players like WeWork and Knotel. The commercial landlord, which has 165 million square feet across 400 buildings, […]
Industrial tenants ramp up hiring to keep up with e-commerce demand
Warehousing and storage companies added 5,400 jobs in April (Credit: iStock) Surging e-commerce growth has led industrial tenants to ramp up hiring in order to keep up with all those online orders. Warehousing and storage companies added 5,400 jobs in April, and 70,000 jobs in the last 12 months, according to Labor Department figures cited […]
Another step forward for David Beckham’s contested Florida stadium
David Beckham with a rendering of Lockhart Stadium (Credit: Getty Images and Pro Soccer USA) A judge denied a motion to stop David Beckham and his partners from demolishing Lockhart Stadium in Fort Lauderdale and redeveloping it as a training facility and a temporary stadium for Inter Miami, their Major League Soccer team. The order […]