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St. Louis’ Historic Wainwright Building Sells for $8.25 Million

St. Louis’ Historic Wainwright Building Sells for $8.25 Million

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

The historic Wainwright Building in downtown St. Louis was sold in a government auction for $8.25 million. According to St. Louis Public Radio, the 234,600-square-foot state office building is one of the nation’s first modern skyscrapers. The 10-story office building...
Peachtree Group Launches Restaurant Management Division

Peachtree Group Launches Restaurant Management Division

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

Peachtree Group, an Atlanta-headquartered investment management firm, has launched a restaurant management division. The new division will be led by Daniel Puglisi, senior vice president of corporate operations for hospitality management, and will focus on operating...
Global Net Lease Sells Two More Properties in Strategic Disposition Plan

Global Net Lease Sells Two More Properties in Strategic Disposition Plan

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

New York City-based Global Net Lease Inc. (NYSE: GNL), a real estate investment trust focused on income producing net lease assets, continued its strategic disposition plan with the sales of The Plant Shopping Center in San Jose, California, for $95 million and the...
CMBS Delinquency Rate Inches Up

CMBS Delinquency Rate Inches Up

by Phil Hall | Sep 3, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The delinquency rate for commercial mortgage-backed securities (CMBS) inched up by one basis point in August to reach a level of 5.44%, according to new data from Trepp Inc. But unlike in many previous months when the office sector was responsible for driving up the...
Planned Soccer Stadium for Connecticut Delayed Until at Least 2026

Planned Soccer Stadium for Connecticut Delayed Until at Least 2026

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

Plans to open a soccer stadium in Connecticut’s most populous city has been delayed for at least a year as funding for the project continues to be sought. The CT Mirror reported the soccer stadium project in Bridgeport is being spearheaded by tech millionaire André...
EagleBank Names Evelyn Lee as Chief Lending Officer for C&I

EagleBank Names Evelyn Lee as Chief Lending Officer for C&I

by Phil Hall | Sep 3, 2024 | Commercial Real Estate News, Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Eagle Bancorp Inc. (NASDAQ: EGBN), the Bethesda, Maryland-based holding company of EagleBank, has hired Evelyn Lee as the bank’s chief lending officer for commercial and industrial (C&I) lending. Lee begins her new job on Sept. 19 and will oversee all lending...
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