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The Pakistani government said the agreement was “negotiated and stewarded” by special envoy to the Trump administration Steve Witkoff.
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The purchase marks Mori Trust's second in Manhattan, and first as the sole owner.
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FIFA's cancellations come as a growing number of fans have voiced concerns over the price to attend the tournament.
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The Dubai-based hotelier chose 13th Floor Investments and Forse Holdings to get development moving just a month after the company bought the site.
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Hilton said it removed a Hampton Inn outside Minneapolis from its network after management refused to accommodate ICE agents.
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Also this week, TA Realty sells two data center buildings, an office-to-warehouse conversion lands a C-PACE loan, and Brookfield sells an office building.
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A Staten Island nonprofit that was once questioned as part of a bankruptcy filing of former New York City Mayor Rudy Giuliani now owns the property.
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The hotel, which was a Sheraton, will be renovated and rebranded as part of the Westin line of lodgings.
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Ashford Hospitality Trust, which is saddled with $2.6B of debt, has launched a special committee to investigate "strategic alternatives."
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A second hotel has been added to a Downtown Raleigh project already underway.
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