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Starwood Capital Opens Second Postcard Inn Hotel Location

Starwood Capital has quietly opened a second location of their Postcard Inn hotel brand.

Starwood To Convert Millbrae Property to Aloft; Also Has Plans for An Element In Phase 2

This is a bit of old news – it was originally announced in mid-September – but Starwood Hotels is converting their Clarion Hotel property in Millbrae, CA (just south of the San Francisco Airport) to an Aloft. In fact this is going to be the first conversion for the Aloft brand, and thats just the first phase of the project, the second phase being a new-build Element hotel.

Perfect Example of the Media Taking A Comment Out of Context

I’m not one to sit and talk about media bias, I hate Fox News, and rarely watch CNN or any other 24/7 news network because I cant stand how news organizations always blow issues out of proportion, or report on an issue totally out of context if the truth. Sometimes they just look for stuff [...]

Hilton’s Home2 Suites Takes Over Site of Never-Built W Philadelphia

Two days ago, during a Commercial Real Estate Conference in Philadelphia, the Philadelphia Mayor and the Parkway Corporation announced Philadelphia’s first Home2 Suites development – on the corner of Arch St and 12th Ave, 1200 Arch Street to be exact. Before you say, “Who cares? Another cookie-cutter extended stay chain hotel in Philadelphia”; recall back [...]

First Picture & Info on Starwood Capital & Tribeca Associates 53rd Street Hotel Project

After looking at Tribeca Associates website for information on their new hotel project with Starwood Capital, I came across a picture and some basic information on this large project.

What Almost Became The Biggest Little DealBreaker for 1 WTC

Amazing how a kitchen vent almost became the deal breaker for Conde Nast’s lease at 1 WTC.

Insights into Shopping Center Department Store Leases – And Apple’s Impact On Them

As the Apple Stores located in malls throughout America grow in popularity, the scales of power are starting to tip in their direction and away from the anchor stores.

Great Story on Starwood Capital

Anyone who knows me or follows my blog knows how much I respect and follow Barry Sternlicht and Starwood Capital. The other day I came across a great profile on Starwood Capital & Barry Sternlicht from magazine called Commercial Property Executive.

I suggest anyone who is interested in Starwood Capital or Barry take a read at it.

The Meadowland’s Xanadu Getting New Name and Developer

One of the biggest developments on the East coast that was caught up in the recession is Xanadu located in the Meadowlands, adjacent to the Giants Stadium and the New Jersey Turnpike. First planned almost 10 years ago, it was finally built, but never finished. It’s a huge monstrosity that takes up over 2.4 million [...]

CerXus Makes Mistake By Rejecting Starwood Property Trust Takeover Attempt

Starwood Property Trust put another company on the map this week – Crexus Investment Corporation – by making an unsolicited bid to purchase the entire company at a 20% premium to their current stock price. What did Crexus’ board decide to do? Reject it. Why would they do that? What company would not want to [...]