Commercial

Increased Supply Controls Rising U.S. Apartment Rents

As the U.S. economy is still struggling with an uneven recovery, more people are opting to rent than to buy. This has driven up rental rates through the roof. However, a new report reveals that the pace, at which rates have been rising, is slowing down as supply increases.

Starwood Group Looking to Sell Upcoming Baccarat Hotel in New York City

Starwood Capital Group, the Barry Sternlicht-led international real estate and development group, is reportedly looking for a buyer for its upcoming Baccarat Hotel in New York City.

Bitcoin: New York City Holiday Inn to Start Accepting Payments in Cryptocurrency

A Holiday Inn hotel in Brooklyn, New York City, will start accepting payment in Bitcoin. A Holiday Inn hotel in Brooklyn, New York City, will start accepting payment in Bitcoin.