Bolstered by the gradual return of in-person events scheduled for the second half of this year, buyers are eying convention hotels and making bets. The challenge for investors betting on the space is assessing how robust the recovery will be and how long it will take for the convention business to reclaim its pre-pandemic levels.
Broad built a fortune of more than $7 billion from two companies, Kaufman & Broad, the first homebuilder to trade on the New York Stock Exchange, and SunAmerica, one of the largest U.S. annuity providers.
Manhattan store owners are suffering from the still limited presence of office workers, reports The New York Times. Moody’s predicts that urban multifamily properties will rebound this year. These are among today’s must reads from around the commercial real estate industry.
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