There’s more value to building hotels than just boosting tourism at the downtown convention center: The city is spending $39.2 million in foregone tax revenue to encourage Metropolis to build a hotel, but that hotel will generate $110 million more in city revenues than a similar residential tower built at the same location. Over the past […]
Some of you avid Urban One fans out there may have read our previous blog posts back at the end of May regarding the resurgence of the multifamily and retail real estate markets. If you’re like me, you have been driving up and down the streets of Los Angeles seeing construction fencing, flagmen, tower cranes […]