The national industrial vacancy rate rose by 20 basis points (bps) to 6.7% in the fourth quarter of 2024, according to data from Cushman & Wakefield (NYSE:CWK), which noted the current level is 30 bps below the 10-year, pre-pandemic average. Overall net absorption...
Two nationwide department store retailers, Macy’s (NYSE: M) and Kohl’s (NYSE:KSS) have announced plans to close stores. Macy’s confirmed the closure of 66 of what it defined as “non-go-forward store locations.” The company stated the...
Kimco Realty (NYSE: KIM), a Jericho, New York-based real estate investment trust (REIT) and owner/ operator of open-air, grocery-anchored shopping centers and mixed-use properties, has acquired The Markets at Town Center, a 254,000-square-foot property in...
Two prominent Dubai-based developers have announced plans to expand into the US market. Dar Global, a luxury real estate developer, released a statement announcing that it was “gearing up for US expansion, with plans to invest in key international cities. The company...
8th Regiment Partners, a joint venture of Maddd Equities and Joy Construction, was selected to redevelop and operate the Kingsbridge Armory, a 570,000-square-foot historic site in the Bronx, New York, and one of the largest armory buildings in the world. According to...
HPI, a Texas-based full-service real estate firm, announced former University of Texas and NFL quarterback Colt McCoy will launch the company’s new Fort Worth office. McCoy played college football for the Texas Longhorns, winning several awards and honors as a senior...
