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McDonald’s Plans Over 200 New Restaurants Across UK

McDonald’s Plans Over 200 New Restaurants Across UK

by Phil Hall | Aug 23, 2024 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

McDonald’s Corp. (NYSE:MCD) has announced plans to open over 200 new restaurants across the UK over the next four years, a $1.3 billion investment with the goal to create over 24,000 jobs. The new initiative is part of the “McDonald’s at 50” endeavor that highlights...
West Virginia Governor Announces Deal to Halt Foreclosure Auction of Historic Hotel

West Virginia Governor Announces Deal to Halt Foreclosure Auction of Historic Hotel

by Phil Hall | Aug 22, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

West Virginia Gov. Jim Justice reached an agreement that will save The Greenbrier, a historic hotel owned by the governor and his family, from being sold in a foreclosure auction. Justice bought the historic Greenbrier out of bankruptcy in 2009. The property dates...
Connecticut Mayor Sparks Online Anger by Celebrating ‘Ghetto’ Mural by Banksy

Connecticut Mayor Sparks Online Anger by Celebrating ‘Ghetto’ Mural by Banksy

by Phil Hall | Aug 22, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The mayor of Connecticut’s most populous city stirred up online outrage for celebrating a Banksy mural that many people viewed as a slur against a low-income, predominantly nonwhite neighborhood. Bridgeport Mayor Joe Ganim took to Facebook to highlight the presence of...
Kroger Sues FTC Over Attempt to Block Merger with Albertsons

Kroger Sues FTC Over Attempt to Block Merger with Albertsons

by Phil Hall | Aug 22, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Kroger Co. (NYSE: KR) has filed a motion for preliminary injunction against the Federal Trade Commission’s (FTC) challenge to its merger with Albertson’s Companies Inc. (NYSE: ACI), arguing that the agency’s decision to proceed in an administrative...
Jeremy Cramer Named Head of California CRE Lending at IDB Bank

Jeremy Cramer Named Head of California CRE Lending at IDB Bank

by Phil Hall | Aug 21, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

IDB Bank, a New York City-based private and commercial bank and a wholly owned subsidiary of Israel Discount Bank Ltd., announced the appointment of Jeremy Cramer as its new senior vice president and head of California commercial real estate. In his new position,...
Hyatt Acquires Standard International and Hotel Brands

Hyatt Acquires Standard International and Hotel Brands

by Phil Hall | Aug 21, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Hyatt Hotels Corporation (NYSE: H) announced the planned acquisition of Standard International, parent company of The Standard and Bunkhouse Hotels brands. Upon closing, Hyatt will pay a base purchase price of $150 million, with up to an additional $185 million over...
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