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PNC Bank to Double Branch Expansion Plans

PNC Bank to Double Branch Expansion Plans

by Phil Hall | Nov 8, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

PNC Bank, a member of The PNC Financial Services Group Inc. (NYSE: PNC), announced a $500 million increase to its branch investment with the goal of opening more than 100 additional new branches and renovating 200 more existing locations across the country. According...
Greenstone Partners Promotes Brewster Hague to Partner

Greenstone Partners Promotes Brewster Hague to Partner

by Phil Hall | Nov 8, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Greenstone Partners, a Chicago-based commercial real estate brokerage firm, has promoted Brewster Hague from senior director to partner. Hague joined Greenstone Partners in 2019 as a retail and mixed-use commercial real estate broker in the urban and suburban Chicago...
Blackstone Acquires Retail Opportunities Investments Corp. for $4 Billion

Blackstone Acquires Retail Opportunities Investments Corp. for $4 Billion

by Phil Hall | Nov 7, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Blackstone (NYSE: BX) and Retail Opportunity Investments Corp. (NASDAQ: ROIC) announced a definitive agreement under which Blackstone Real Estate Partners X will acquire all outstanding common shares of ROIC for $17.50 per share in an all-cash transaction valued at...
70,680 SF Industrial Property in New Jersey Sells for $20.9 Million

70,680 SF Industrial Property in New Jersey Sells for $20.9 Million

by Phil Hall | Nov 7, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Dora’s Naturals, a distributor of natural and organic perishable products, has acquired a 70,680-square-foot industrial property in Moonachie, New Jersey, from KBC Advisors for $20.9 million. Built in 1985 on a 3.47-acre parcel, the property is accessible to Routes...
Chinese Logistics Operators Account for 20% of New US Warehouse Leasing

Chinese Logistics Operators Account for 20% of New US Warehouse Leasing

by Phil Hall | Nov 5, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Chinese third-party logistics providers and e-commerce companies were responsible for 20% of net new warehouse leasing in the US during the third quarter. According to Wall Street Journal coverage culled from Prologis data, many of these companies are leasing space in...
Atlanta Housing Issues RFP to Redevelop Vacant Historic Hotel

Atlanta Housing Issues RFP to Redevelop Vacant Historic Hotel

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

Atlanta Housing, Georgia’s largest housing authority, has issued a Request for Proposals (RFP) for the redevelopment of a vacant historic hotel into a mixed-income community. The property was built in 1973 is a former Ramada Plaza that is commonly known as Stadium...
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