Patrick Clark

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U.S. Hotels Finally Surpass Pre-Covid Levels As Travel Surges

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Red-hot demand from leisure travelers boosted a key lodging industry metric higher than its 2019 figure.

Blackstone Bets $6 Billion On U.S. Suburban Home Rentals

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Blackstone's REIT just made a major acquisition in the single-family rental space.

Wall Street's Favorite Suburban Housing Bet Is Getting Crowded

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The pension manager for the Canadian Mounties is the latest investor in single-family rentals.

Senior Living Centers' New Sales Pitch: Sign Lease, Get Vaccine

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One senior living operator is dangling access to vaccines in a bid to fill vacant units.

Unsold U.S. Hotel Rooms Near 1 Billion As Lodging Crisis Deepens

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All the lost room nights have made it hard to keep up with loan payments

Sheldon Solow, Billionaire Real Estate Developer, Dies At 92

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The college drop-out became a real estate billionaire by developing architecturally distinctive high-rise buildings in Manhattan.

With Prices Down $200 Per Room, NYC Hotels Brace For More Pain

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Autumn in New York is grim this year, with the city’s tourism market among the worst in the U.S.

Eviction Filings By Big Landlords Surged After Trump Issued Ban

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Institutional landlords filed more than 900 eviction cases across eight metropolitan areas from Sept. 2 to Sept. 8.

Property Investors Tap Mobile Home Parks For Covid-Era Returns

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Institutional investors accounted for 28% of mobile home park purchases in the second quarter.

U.S. Real Estate Pain Leaves Foreign Investors Holding The Bag

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Foreign investors who backed real estate projects in return for U.S. visas are emerging as losers in the pandemic-driven commercial property crisis.

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