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Macy’s Ends Acquisition Talks with Activist Investor Groups

Macy’s Ends Acquisition Talks with Activist Investor Groups

by Phil Hall | Jul 15, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Macy’s Inc. (NYSE: M) announced it has ended acquisition discussions with the activist investors Arkhouse Management Co. LP and Brigade Capital Management LP, citing a failure by the would-be suitors to offer “an actionable proposal with certainty of financing at a...
KKR Acquires Houston Industrial Logistics Park for $234 Million

KKR Acquires Houston Industrial Logistics Park for $234 Million

by Phil Hall | Jul 15, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The global investment firm KKR (NYSE:KKR) has acquired Park 8Ninety, a 12-building industrial logistics park in Houston, from Artis Real Estate Investment Trust (OTCMKTS: ARESF) for approximately $234 million. The acquired property is a 1.8 million-square-foot master...
NYPD Boosts Security Around Trump Properties Following Assassination Attempt

NYPD Boosts Security Around Trump Properties Following Assassination Attempt

by Phil Hall | Jul 14, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The New York Police Department is increasing patrols at the Manhattan properties owned by former President Donald Trump following yesterday’s assassination attempt at a Trump election rally in Pennsylvania. Deputy Mayor Fabien Levy announced the police action on X...
Hits and Misses for the Real Estate Week of July 8-12

Hits and Misses for the Real Estate Week of July 8-12

by Phil Hall | Jul 12, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A proposed sales tax hike to finance Denver’s affordable housing, a bumbling response to Hurricane Beryl and too many empty offices in San Francisco. From the wild and wooly world of real estate, here are our Hits and Misses for the week of July 8-12. Miss: Rocky...
Finmarc Management Buys Maryland Shopping Center for $30 Million

Finmarc Management Buys Maryland Shopping Center for $30 Million

by Phil Hall | Jul 12, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Finmarc Management Inc., a commercial real estate investment and management firm headquartered in Bethesda, Maryland, has acquired Riverview Plaza, a 185,275-square-foot shopping center in Frederick, Maryland, for $30 million. Riverview Plaza opened in 1998 and is...
Report: Home Improvement Retailer LL Flooring Weighs Bankruptcy Filing

Report: Home Improvement Retailer LL Flooring Weighs Bankruptcy Filing

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

A prominent home improvement retailer with more than 400 stores across 47 states is reportedly considering a bankruptcy filing. According to a Bloomberg report sourced from unnamed sources, LL Flooring Holdings (NYSE:LL) – the Richmond, Virginia-based company...
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