IHG to Launch New Midscale Brand
The hospitality chain aims to address an underserved group of 14 million potential guests who are hungry for a high-quality yet competitively priced experience. Development costs are estimated at $85 to $90 per key.
Monday Properties Grabs DC, SoCal Office Assets
The company made moves on both coasts, with the acquisition of Spectrum Tower in Laguna Hills, Calif., and Beauregard Office Park in Alexandria, Va.
San Antonio Lures Investors
Demand for apartments is expected to remain high as more residents move south to avoid the rising cost of housing in Austin.

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