The fraying office market has claimed a new victim as UBS Group AG (NYSE: UBS) announced plans to liquidate a flagship real estate fund. Bloomberg reported the CS Real Estate Fund, which the company absorbed in its acquisition of Credit Suisse, had more than 80% of...
LCS, the Des Moines-based senior living provider, has announced a shift in its executive leadership. Chris Bird, LCS’ president and chief operating officer, will become CEO. Bird will succeed Joel Nelson, who served as CEO since 2018 and will continue to serve as...
A four-story mixed-use building on Chicago’s Magnificent Mile that was last sold in December 2016 for $140 million has changed hands for $47 million, a two-thirds discount. According to CoStar, North American Real Estate (NARE) acquired the 85,000-square-foot retail...
Dallas-headquartered Dalfen Industrial announced the State of Florida purchased one of its buildings in the recently developed Midpoint Florida Logistics Center in Auburndale, Florida. The 423,000-square-foot warehouse has direct access to a full diamond interchange...
The commercial properties owned by Cohen Realty Enterprises, including a pair of prominent movie theater chains, will go up for auction on Nov. 8. According to a Deadline report, Fortress Credit Corp. sued Cohen earlier this year for defaulting on a large loan backed...
The budget health club chain Blink Fitness has filed for Chapter 11 bankruptcy, leaving the fate of its 101 locations unclear. The company, which is owned by the luxury fitness group Equinox Holdings, issued a statement promising to “continue to provide members with...
Sunstone Hotel Investors Sells the Hyatt Regency San Francisco for $279 Mil…
