0 minute readThe W Hotel in Union Square has had an eventful six months. The 270-room hotel changed hands in December after the private equity division of Dubai World defaulted on a $117m mezzanine loan in the face of dwindling business. But the lender, LEM Mezzanine, could itself lose the hotel in coming months as a result of its filing for bankruptcy protection earlier this year.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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The story for the housing market over the past three years has been, “Home sales are down, home prices are up.” Because inventory was so restricted after the pandemic, prices pushed higher even as demand weakened. That story may finally be inverting as unsold inventory of homes is now great enough that home prices are […]
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio