• Despite record, commercial real estate shows warning signs
    Yahoo Finance5 months ago

    Despite record, commercial real estate shows warning signs

    Recent record data in commercial real estate may be masking some warning signs in the property market.

  • American City Business Journals6 months ago

    Austin company's 10-hotel sale to New York REIT falls through

    A deal put together by Summit Hotel Properties Inc. to sell 10 hotels to American Realty Capital Hospitality Portfolio SMT LLC has been terminated. The 10-hotel sale to New York-based American Realty Capital was part of an overall $350 million sale involving 26 hotels that was structured in three tranches — including one that closed as scheduled in October that involved 10 hotels purchased for $150.1 million. Rumblings of problems with the New York-based buyer emerged in mid-November, however, when AR Capital and its affiliated American Realty Capital Hospitality Trust Inc. announced that it would suspend new investment vehicles and close existing ones.