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Dollar General Plans 575 New US Stores in 2025

Dollar General Plans 575 New US Stores in 2025

by Phil Hall | Dec 6, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The discount retailer Dollar General Corporation (NYSE: DG) announced a proactive real estate agenda involving new and renovated stores. The Goodlettsville, Tennessee-headquartered company is planning to open 575 new stores across the US and 15 in Mexico in 2025. Also...
St. Petersburg City Council Approves Tampa Bay Rays Stadium Funding

St. Petersburg City Council Approves Tampa Bay Rays Stadium Funding

by Phil Hall | Dec 6, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The ongoing saga of the proposed $1.3 billion ballpark for the Tampa Bay Rays took a new step forward as the St. Petersburg City Council narrowly voted to approve bonds to fund its public financing portion for the stadium and the surrounding Historic Gas Plant...
New Proposal Seeks to Turn Historic Connecticut Building into Mixed-Use Development

New Proposal Seeks to Turn Historic Connecticut Building into Mixed-Use Development

by Phil Hall | Dec 4, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

One of the Connecticut’s most iconic historic buildings is the focus of a proposed $12 million project to transform the headquarters of a local daily newspaper into a mixed-use project. The Hartford Business Journal reports the Waterbury Union Station building, the...
Manhattan Office Leasing Volume at 5-Year High

Manhattan Office Leasing Volume at 5-Year High

by Phil Hall | Dec 3, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The Manhattan office property sector has reached a leasing level not seen since before the pandemic. According to a report in The Real Deal citing Colliers data, office leasing activity in November helped push the year-to-date volume to roughly 30.4 million square...
A Phil Hall Op-ed: Dan Gilbert, General Motors and a Detroit-Style Shakedown

A Phil Hall Op-ed: Dan Gilbert, General Motors and a Detroit-Style Shakedown

by Phil Hall | Dec 2, 2024 | A Phil Hall Op-Ed, Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A Phil Hall Op-Ed: Dan Gilbert is not the type of guy who needs a handout. After all, he is the co-founder and majority owner of Rocket Mortgage, the founder of Rock Ventures, and the owner of sports teams that include the NBA’s Cleveland Cavaliers and the AHL’s...
CMBS Delinquency Rate Soars to 6.40%

CMBS Delinquency Rate Soars to 6.40%

by Phil Hall | Dec 2, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The delinquency rate for commercial mortgage-backed securities (CMBS) soared in November by 42 basis points to 6.40%, according to new data from Trepp Inc. One year ago, the delinquency rate was at 4.58%. Trepp attributed the upswing to substantial increases in the...
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