A trade group that represents Marriott, Hilton and Sheraton as well as smaller boutique hotels is asking the city to forgive or reduce interest charges.
Bruce Flatt said in a letter to shareholders Thursday that he believes the true value of the company is closer to $57 a share.
The logistics of vaccine distribution are drawing more attention to cold storage. But demand for this asset class is still primarily driven by grocery deliveries.
The firm is putting $250 million into a fund to develop single-family homes in Arizona, Florida and Texas.
Potential sellers are still optimistic about the investor demand for student housing properties.