Big hotel brands’ emission reduction pledges have remained largely, if not entirely, focused on operational carbon via reductions in fossil fuel use, waste, and water usage.
Small data centers in dense urban areas running close to full capacity are most likely to need emergency hosing during a hot spell. The spray lowers the ambient temperature around the air conditioning unit’s coils to ensure they continue to...
Ortega’s holding firm Pontegadea has reached an accord to acquire the 64-floor luxury apartment complex for about $500 million. The building was sold by Carmel Partners.
Some buyers are trying to renegotiate prices, but a net result of recent moves could be a tightening in the spread between multifamily cap rates and yields on 10-year Treasuries.
Rents are soaring across the country as would-be homebuyers get priced out by the fastest-rising mortgage rates in decades and slide back into the overcrowded rental market.
With a shrinking delta in cap rates between assets of different vintage, many investors opt to go with lower risk newer properties and fewer capital expenditures.
