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    Hotel occupancy, average daily rate and revenue per available room all gained ground in the first quarter of 2017, STR recently reported, but an increase in development for the quarter could put pressure on pricing power.

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    The company made moves on both coasts, acquiring Spectrum Tower in Laguna Hills, Calif., and Beauregard Office Park in Alexandria, Va.

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  • Suburban Office Stayin’ Alive

    Despite the common narrative about the downfall of the suburban office market, the sector has actually been steadily improving since after the Great Recession, according to a recent CBRE report. Improving demand and lower supply levels have kept vacancy rates low and absorption high.

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  • Short Stays: Why Temporary Rentals Are Becoming a Permanent Solution

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  • Orlando Hotel Commands $206M

    Xenia Hotels & Resorts Inc. snagged the valuable Hyatt asset in the heart of the top destination for U.S. tourism and job growth.

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  • Regus Finds Spaces in Avalon

    A corporation that provides global workplace will be the new tenant to join the $73 million office project developed by a joint venture between Hines and Cousins Properties. Company officials said that the new lease will benefit the building by adding meeting rooms and co-working spaces.

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  • Belk to Invest $40M in New Stores

    The company also plans to remodel 12 existing stores across their 16-state footprint, investing close to $10 million. An additional $15 million in funding will be used for capital improvements.

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  • Hines Unveils Miami Mixed-Use Tower Project

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  • Disneyland-Area Sheraton Lands $21M Financing

    Continental Partners has secured a five-year, fixed-rate loan for the 285-key Sheraton Garden Grove-Anaheim South Hotel. The financing will also serve to pay off a mezzanine loan.

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  • JLL Closes Sale of Westin Atlanta Airport Hotel

    Thayer Lodging Group sold the 500-key property, which is located near the Georgia International Convention Center and the Hartsfield-Jackson International Airport.

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