News:
Brokerage
Posted: April 12, 2010
Related Companies selected to develop 400-room Palm Beach Convention Center
The Palm Beach County board of county commissioners approved the unanimous recommendation by a county selection committee that Related Companies, L.P. develop the 400-room Palm Beach County Convention Center Hotel using the Hilton Hotels brand.
Related's development team includes: Hilton Worldwide, Coastal Construction and Catafulmo Construction, and architects Nichols Brosch Wurst Wolfe & Associates, Inc.
"Related is thrilled to have been selected as the developer of the convention center hotel in Palm Beach County and to continue to realize the CityPlace master plan," said Stephen Ross, chairman and CEO of Related Companies. "There is no doubt that the hotel is a lynchpin to the success of the county's very significant investment in the convention center and will be a powerful tourism attractor and key amenity. The development will create over 600 much-needed jobs and give West Palm Beach an important edge in the very competitive meetings and hospitality sectors."
Tags:
Brokerage
MORE FROM Brokerage
REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium
Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
Quick Hits
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman
July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,