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Faropoint Makes First Los Angeles Industrial Acquisition

Faropoint Makes First Los Angeles Industrial Acquisition

by Phil Hall | Apr 1, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Hoboken, New Jersery-based Faropoint, a real estate investment manager specializing in last-mile industrial properties, announced its first acquisition in the Los Angeles area with the $9.975 million purchase of a multi-tenant industrial building located in Torrance,...
Foot Locker Moves HQ from NYC to St. Petersburg, Florida

Foot Locker Moves HQ from NYC to St. Petersburg, Florida

by Phil Hall | Mar 31, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Foot Locker Inc. (NYSE: FL), the footwear and apparel retailer, is relocating is global headquarters from New York City to a 110,998-square-foot office in St. Petersburg, Florida. The company, which first announced its relocation plans last summer, has signed a lease...
Hits and Misses for the Real Estate Week of March 24-28

Hits and Misses for the Real Estate Week of March 24-28

by Phil Hall | Mar 28, 2025 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The CFPB’s about-face, an iconic retail chain’s downfall and the rescue of a derelict Frank Lloyd Wright home. From the wild and wooly world of real estate, here are our Hits and Misses for the week of March 24-28. Hit: An Unprecedented Oops. Once upon a time,...
31,000 SF California Industrial Property Sells for $7.4 Million

31,000 SF California Industrial Property Sells for $7.4 Million

by Phil Hall | Mar 28, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Birtcher Anderson & Davis Associates (BA&D) and Belay Investment Group announced the $7.4 million sale of Foothill Business Park, a 30,907 square-foot multi-tenant industrial property in Irwindale, California. The sale marks the final transaction involving the...
SmartStop Self Storage REIT Announces Underwritten Public Offering

SmartStop Self Storage REIT Announces Underwritten Public Offering

by Phil Hall | Mar 27, 2025 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

While the US and Canada advance to the start of a new trade war, a real estate investment trust that owns and operates 218 self-storage facilities in the two countries has launched an underwritten public offering. SmartStop Self Storage REIT Inc. has filed a...
Dollar Tree Sells Family Dollar Retail Chain for $1 Billion

Dollar Tree Sells Family Dollar Retail Chain for $1 Billion

by Phil Hall | Mar 26, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Dollar Tree Inc. (NASDAQ: DLTR) announced the $1 billion sale of its Family Dollar business to the private equity firms Brigade Capital Management LP and Macellum Capital Management LLC. Dollar Tree acquired Family Dollar for more than $8 billion in 2015. However, the...
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