L’ERMITAGE BEVERLY HILLS HOTEL - COURT ORDERED SALE Rare investment opportunity! The boutique L’Ermitage Beverly Hills Hotel embodies the spirit of a sophisticated gracious urban residence. Its acclaimed private dining experience, meeting spaces, stunning rooftop pool retreat, and spacious impeccably-outfitted guestrooms offer an incomparable first-class experience, a short stroll from the renowned Rodeo Drive. Auction: 8/19, Min Bid: $104,000,000.
A union in California is seeking to force a luxury hotel to disclose how much it borrowed from a small business relief program and whether it’s using the money to pay workers.
Federal Reserve officials appear to brace for a prolonged recession, according to Forbes. Biotech properties are attracting a lot of investor interest in a pandemic, reports the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.