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Brokerage
Posted: February 5, 2010
Phillips and Heiss of Largo originate $13.6 million for a 163-room hotel
Jack Phillips and Kevin Heiss of the Largo Group of Companies originated $13.6 million for a newly constructed Hampton Inn and Suites. The limited service hotel consists of 163 rooms and opened in spring 2009. It is located within Dartmouth Crossing, a large scale retail and commercial development (511 acres) that opened officially in August of 2007, neighboring Burnside Business Park and connected by a walkway to Shubie Park to the east.
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Quick Hits
Columns and Thought Leadership
Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman
Lower interest rates and an increased number of loan restructurings will be well received by the commercial real estate industry. Over the past 12 months there has been a negative trend for NOI for many properties across the country.
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski
The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Strategic pause - by Shallini Mehra and Chirag Doshi
Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian
Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
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