Zoning Permits are two words that can strike fear into CRE investors and make developers cringe. Although they’re usually viewed as a pain because of all the red tape that accompanies them, establishing good relationships with municipalities will help make the process easier. . Zoning can be especially frustrating if you’re looking to buy land or develop your own land ...
RV parks are hidden gems that even the savviest of commercial real estate investors can overlook. They are an excellent way to turn an affordable, seemingly useless tract of land into a cash cow. However, like any CRE project, it’s essential to perform your due diligence to ensure your investment is profitable. The Difference Between RV and Mobile Home Parks ...
Remote work has introduced an existential crisis for office space. A recent report projected that, by 2029, office buildings across the nation could be worth $500 billion less than their pre-pandemic value. Ease Hospitality, a new brand with two conference, meeting and event spaces in midtown Manhattan, is embracing the new reality of remote and hybrid work. A project of ...
If you’re like most, you have a few favorite restaurants you like to patronize with your family and friends. It might have crossed your mind at least once while you were at one of these establishments that owning a restaurant would be a fun — and perhaps lucrative — investment. Now you’re wondering how to buy a restaurant. Before considering ...
Zoe Pappas is not your average resident at the Chelsea Hotel. She is a structural engineer, not an artist — but is still creative, nevertheless. She lives in the landmark building, built in 1884, with her husband, Nicholas Pappas, an architect. While the hotel is known for its history as the former home to artists and writers such as Patti ...
The Chelsea Hotel is a New York institution. The hotel is known for its pop culture history — it’s where Patti Smith, Allen Ginsberg and Bob Dylan called home in the 1960s. It's where screenwriter Arthur C. Clarke wrote “2001: A Space Odyssey,” and where Andy Warhol made films and artwork. Madonna even lived there in the early 1980s, before ...
Hospitality can be a very lucrative segment of commercial real estate, but it’s important to have a good understanding of the costs and factors that go into that industry. So, how much does it cost to build a hotel? Early 2020 saw an all-time high in United States hotel construction. However, the Covid-19 pandemic put a damper on that growth. ...
It's like a shopping mall at sea, beyond your typical tourist boutiques. Starboard Cruise Services, a company owned by French luxury corporation LVMH, is now featuring an upscale retail experience aboard the Celebrity Apex cruise ship. It includes “iconic heritage brands, destination-inspired collections, multi-sensory retail experiences and sustainable product offerings.” Imagine stepping aboard a cruise ship with high-end boutiques, including ...
For hotel owners, there are a number of ways to determine how well a hotel is performing. One such measurement, based on hotel occupancy and room rate, is known as RevPAR. What Is RevPAR? RevPAR is shorthand for revenue per available room, a metric used in the hospitality industry to assess hotel performance. RevPAR is an important metric because it ...
The travel industry has changed over the past two years, and one offering is growing in popularity — the extended-stay hotel. This asset class is an investor darling with high business demand. Blackstone recently partnered with Starwood Capital Group to acquire the Extended Stay America brand and its portfolio last year for roughly $6 billion. It makes sense, as travelers ...
Lev is using technology to transform the CRE financing process.
Lev is using technology to transform the CRE financing process.