The General Services Administration (GSA) has ordered the turn off the electric vehicle (EV) chargers at federal buildings. According to combined media reports, the GSA sent an email to federal agencies announcing the decision, noting the chargers were no longer...
New York City Mayor Eric Adams has announced the historic Roosevelt Hotel will cease to serve as a migrant shelter in June. The Wall Street Journal reports Adams’ administration said plans to close the hotel were being formulated since December, when the number of...
Here’s some potentially bad news for the office property sector: a new survey from FTI Consulting Inc. (NYSE: FCN) found most US workers (70%) who are currently either fully remote or in a hybrid arrangement said they are very likely or somewhat likely to seek another...
The bankrupt craft retailer Jo-Ann announced it plans to close all its stores. On Feb. 12, the company stated it would close 500 stores. In a new statement, the company spelled out its route to shutting down its entire 800-store chain. “Following a comprehensive sale...
Blackstone (NYSE: BX) announced that funds managed by its Blackstone Infrastructure division will pay $5.65 billion to acquire Safe Harbor Marinas, the nation’s largest marina and superyacht servicing business, from the real estate investment trust Sun Communities Inc...
TECfusions, a Tampa-headquartered global data center operator, announced the strategic acquisition and rezoning of 73 acres in Clarksville, Virginia, for a new data center expansion project. According to the company, the expansion project involves the consolidation of...