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January 4, 2004
Commercial Property; Becoming a Retail Sector Player With a Single Deal
''Residential real estate is the safe and boring part of real estate,'' said Mr. Lichtenstein, principal in a 15-year-old firm that owns and manages 16,000 apartments, in addition to office, industrial and retail properties. ''People always need a place to live, and there will always be a living in being a landlord. But it can become a routine, like chopping wood.''
Hotels: Occupancy Rate Decreased 1.8% Year-over-year
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Hotel occupancy was weak over the summer months, likely due to less
international tourism. The fall months are mostly domestic travel.
From STR: U.S. hote...
45 minutes ago
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