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Long escrows and lots of hoops to jump through are some of the challenges for prospective Project Homekey sites.
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The luxury retailer's plans for a hotel were overturned in an election.
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The development is forging ahead after an application was denied to include the buildings on the property within the neighborhood's historic district.
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Carmel Partners bought the property at auction for $152M in 2021 and filed plans to demolish the hotel for a multifamily project.
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Parx Casino's ownership is parking plans for a multimillion-dollar ground-up hotel, instead purchasing an adjacent property it intends to renovate.
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The distress hunter has bagged another trophy, this one a large hotel in Midtown East.
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Although Landsec had to write down asset values again, it said that divestments have put it in position to start acquiring again.
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In 2013, the hotel was bought from the Jehovah’s Witnesses, who used the building as housing. The Chetrit Group planned to restore it to its former use.
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AGC and Hana Financial are seeking a one-year extension for the €530M loan on the Squaire.
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AJ Capital’s $27M Golden hotel and new apartments in the Highlands are among this week's top deals.
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