Hersha Hospitality Trust sold a 70 percent stake in seven New York hotels to Cindat Capital Management Ltd. for $571.4 million, reports Bloomberg. General Growth Properties CEO Sandeep Mathrani backed away from his claim that Amazon was looking to open up to 400 physical stores, notes The New York Times. Forbes looks at the reasons why the government is making it easier for foreign firms to invest in U.S. real estate. These are among todays must reads from around the commercial real estate industry.
read more