Prominence office park getting $8M â€˜extreme makeoverâ€™ Expect weak reports from hospitality REITs as hotel revenues dwindle Paterson business group holding seminar on commercial tax appeals PRESS RELEASE: DEMIRE Deutsche Mittelstand Real Estate AG secures a further commercial property in Schwerin Heavy snow causes Bethel roof collapse
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NEWS AND INFORMATION
Investors typically sink money into upgrading the commercial properties they buy, some more than others. In the latter category, Josh Edwards, vice president of Crocker Partners, is operating in the middle of the $8 million in renovations underway at Prominence in Baymeadows.
RevPAR fell 7% year-on-year. Hospitality REITs are expected to turn in weak numbers as the reporting season rolls in, fuelled by declines in overall hotel revenues.
As the cityâ€™s businesses grapple with the impact of their proposed new property assessments, the Greater Paterson Chamber of Commerce is hosting a seminar on commercial tax appeals next week.
There was a partial roof collapse Wednesday at 13 Clarke Industrial Park in Bethel. The collapse occurred in the north end of a 95,000-square-foot building that also houses Sky Zone trampoline center.
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Prominence office park getting $8M â€˜extreme makeoverâ€™
Expect weak reports from hospitality REITs as hotel revenues dwindle
Paterson business group holding seminar on commercial tax appeals
PRESS RELEASE: DEMIRE Deutsche Mittelstand Real Estate AG secures a further commercial property in Schwerin
Heavy snow causes Bethel roof collapse