The apparel company Rue21 has become the latest retailer to announce it is going out of business. The Warrendale, Pennsylvania-based company filed for Chapter 11 bankruptcy on Thursday – the company previously filed for bankruptcy in 2003 (when it was Pennsylvania...
The real estate investment firm Cress Capital has acquired The 410, a 24-story office building located in the Downtown Denver. The property at 410 17th St. is near the Colorado State Capitol and encompasses approximately 440,000 square feet of office space – including...
The National Park Service (NPS) has given its approval for the demolition of Robert F. Kennedy Memorial (RFK) Stadium in Washington, D.C. The stadium opened in 1961 as District of Columbia Stadium and was renamed for the former U.S. Attorney General and U.S. Senator...
The private equity firm First National Realty Partners (FNRP) has completed its acquisition of Horizon Village, a 113,252-square-foot shopping center in Phoenix. The financial terms of the acquisition were not disclosed. The transaction marks the firm’s entrance...
The commercial mortgage-backed securities (CMBS) delinquency rate surged in April by 40 basis points to 5.07%, according to new data from Trepp Inc. This marked the highest delinquency rate level since the 5.35% that was recorded in September 2021. “The increase was...
U.S. real estate investors are buying up commercial real estate across London at a rate not seen in nearly a decade, according to new data from BNP Paribas. Reuters reported U.S. investors spent $2.4 billion on London commercial property during the first quarter on...
