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7-Eleven to Close 444 Stores Across North America

7-Eleven to Close 444 Stores Across North America

by Phil Hall | Oct 11, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Japan’s Seven & i Holdings (OTCMKTS: SVNDY) announced plans to close 444 of its 7-Eleven in North America, citing underperformance by the convenience store chain. C-Store Dive reported the company also agreed to offload an undisclosed number of properties in North...
Chase Properties Acquires Retail Plazas in Upstate New York and Virginia

Chase Properties Acquires Retail Plazas in Upstate New York and Virginia

by Phil Hall | Oct 11, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The real estate investment firm Chase Properties has announced two retail property acquisitions: Creekside Plaza in Ithaca, New York, and Waynesboro Town Center in Waynesboro, Virginia. The 180,000-square-foot Creekside Plaza was built in 2001 and is 95% leased, with...
15-Story Oakland Office Tower and Garage Sells at a Loss

15-Story Oakland Office Tower and Garage Sells at a Loss

by Phil Hall | Oct 11, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A 15-story office tower in downtown Oakland and a nearby parking garage have been sold for $99.6 million – five years after it changed hands for $175 million. SiliconValley.com reported Lakeside Group and Rubicon Point Partners, via an affiliate, partnered on the...
Cushman & Wakefield Executive Targeted in Corruption Probe of NYC Mayor

Cushman & Wakefield Executive Targeted in Corruption Probe of NYC Mayor

by Phil Hall | Oct 11, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

An executive with Cushman & Wakefield (NYSE: CWK) has been targeted in the ongoing corruption probe into New York City Mayor Eric Adams. The New York Times reported Diana Boutross, a vice chairwoman at Cushman & Wakefield, had her electronic devices seized by...
FTC in Settlement with Marriott and Starwood Hotels Over Repeated Data Breaches

FTC in Settlement with Marriott and Starwood Hotels Over Repeated Data Breaches

by Phil Hall | Oct 11, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Federal Trade Commission (FTC) announced a settlement with Marriott International Inc. (NASDAQ: MAR) and its subsidiary Starwood Hotels & Resorts Worldwide LLC related to three large data breaches between 2014 to 2020 impacting more than 344 million customers...
Las Vegas’ Iconic Tropicana Hotel is Demolished

Las Vegas’ Iconic Tropicana Hotel is Demolished

by Phil Hall | Oct 9, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

One of the most iconic lodging destinations on the Las Vegas Strip disappeared into rubble this morning as the Tropicana Hotel was taken down in a demolition implosion. The hotel’s two towers were brought down by Controlled Demolition Inc. at 2:37 a.m. PDT. The...
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