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Declined Rent Assistance
March 19, 2021
Featured

The federal eviction moratorium doesn’t guarantee renters the right to renew their leases. When leases expire, that is when many landlords weigh the government’s offered rent assistance payments against the chance to remove a tenant the owner no longer wants in the building.

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Google Offices
March 18, 2021
Featured

Alphabet Inc. said it would spend $7 billion this year expanding its footprint of offices and data centers across the U.S., including pouring $1 billion into its home state of California.

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Half Way
March 17, 2021
Featured

For the week of Feb. 28 to March 6, 2021, U.S. hotel revenue per available room was slightly more than half of what it was in 2019, $48.13 compared to $87.75.

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Air Travel
March 16, 2021
Economy

Passenger volumes are 40% to 50% below pre-pandemic levels, but nearly 1.36 million people passed through U.S. airport-security checkpoints on Friday, the most in about a year.

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STAY
March 15, 2021
Featured

Blackstone Group Inc. and Starwood Capital Group have agreed to acquire hotel owner and operator Extended Stay America Inc. for $6 billion.

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Household Net Worth
March 12, 2021
Economy

The Federal Reserve reported that household net worth swelled to $122.9 trillion in the fourth quarter from $116.2 trillion in the third quarter and $111.4 trillion at the end of 2019.

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Cash-Out Refi
March 11, 2021
Economy

American homeowners cashed out $152.7 billion in home equity last year, a 42% increase from 2019 and the most since 2007.

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Stock Index
March 10, 2021
Featured

The Baird-STR Hotel Stock Index grew by 22.4% in February, following an 8.2% month-over-month decline in January. By comparison, the S&P 500 index was up 2.6% in February.

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Manhattan Multi
March 9, 2021
Featured

Reduced demand for Manhattan apartments during the pandemic sent median rental prices down more than 17% for the year ending in December. Building owners removed 1,814 apartment listings in Manhattan in February, three times the number of apartments landlords removed from the market in February of 2020.

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Apollo Athene
March 8, 2021
Economy

Apollo Global Management Inc. agreed to acquire Athene Holding Ltd. in an all-stock deal that values the annuity business at about $11 billion. The deal is expected to close in January 2022.

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