Subject: Property Management (MGMT)

Crain's New York Business The Four Seasons Hotel in the Midtown section of Manhattan is expected to reopen in the fall of 2024 after shutting its doors in March 2020 as a result of the Covid-19 lockdowns. The 368-room hotel, ...

The 1.76 million-square-foot office property at 1500 Market St. in downtown, or Center City, Philadelphia has been placed in receivership with CBRE. The receivership was first reported by BisNow. The property, formerly known as Centre Square, is encumbered by a ...

LuxUrban Hotels has taken over the operations of the 79-room Hotel 46 Times Square and 213-room Hotel at Times Square. The Miami company has signed a 35-year master lease to operate the two, which have been shuttered. Hotel 46, at ...

Mid-America Apartment Communities Inc. began this year as the largest owner of apartments, with a portfolio of 99,676 units. That's despite its portfolio shrinking by 326 units from the previous year. Meanwhile, Greystar Real Estate Partners tops the list of ...

Crain's New York Business A bankruptcy court judge has allowed SL Green Realty Corp. to be removed as property manager of 245 Park Ave. in midtown Manhattan. The 1.8 million-square-foot building is owned by HNA Group of China's PWM Property ...

Crain's New York Business The New York Hilton and Grand Hyatt hotels in midtown Manhattan plan on reopening in the next few weeks after being closed since the start of coronavirus pandemic in March 2020. The 1,878-room Hilton, at 1335 ...

Commercial Real Estate Direct Staff Report Apollo Commercial Real Estate Finance Inc. has taken control of the 581-room Mayflower Hotel in Washington, D.C., against which it had provided a $20 million junior mezzanine loan in 2015. The property had been owned ...

Crain's New York Business The 282-room Plaza Hotel in Manhattan is scheduled to reopen on May 20. The property, at 768 Fifth Ave., has been temporarily closed since last March as a result of the coronavirus pandemic. Katara Hospitality, an affiliate ...

The Real Deal The 64-room Flatiron Hotel in Manhattan is set to reopen next month. The property, at 9 West 26th St., has been temporarily closed since last March as a result of the coronavirus pandemic. Premier Equities owns the ...

The lender, which had provided $85 million of mezzanine debt against the equity in the seven select-service hotels, has taken over the properties. They previously were owned by a venture of Hersha Hospitality Trust and Cindat Capital Management. The properties ...