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Dollar Tree Announces Plans to Close 1,000 Stores

Dollar Tree Announces Plans to Close 1,000 Stores

by Phil Hall | Mar 13, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The discount retailer Dollar Tree Inc. (NASDAQ: DLTR) announced plans to close 1,000 stores operating under the Dollar Tree and Family Dollar brands. The Chesapeake, Virginia-headquartered company reported its plans in a press release for its latest quarterly earnings...
Cleveland Real Estate Developer Sentenced to 18 Months for Embezzlement

Cleveland Real Estate Developer Sentenced to 18 Months for Embezzlement

by Phil Hall | Mar 13, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A Cleveland real estate developer was sentenced to 18 months in prison for embezzling funds intended for a community development project. According to court documents and trial testimony, Arthur Fayne owned and managed Business Development Concepts LLC (BDC), through...
Marx Realty Announces New Tenant for NYC’s 10 Grand Central

Marx Realty Announces New Tenant for NYC’s 10 Grand Central

by Phil Hall | Mar 13, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The property developer and manager Marx Realty announced a new tenant at 10 Grand Central, its historically significant office property in New York City. UpSlide, a provider of productivity and brand compliance Software-as-a-Service solutions to the finance industry,...
Ted Welter Named Executive Chairman at Hazelview Investments

Ted Welter Named Executive Chairman at Hazelview Investments

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

Hazelview Investments, a Toronto-headquartered investor, owner, and manager of global real estate investments, has named Ted Welter as the company’s executive chairman. Welter brings more than 35 years of experience to the new role, including expertise in...
Historic NYC Church Selling Air Rights to Ken Griffin

Historic NYC Church Selling Air Rights to Ken Griffin

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

A historic church in Midtown Manhattan has agreed to sell at least 150,000 square feet of its air rights to a partnership led by hedge fund executive Ken Griffin. St. Bartholomew’s Church at 325 Park Ave. has entered into the transaction with Griffin, Rudin Management...
Newmark Group Opens Paris Office

Newmark Group Opens Paris Office

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

Newmark Group Inc. (NASDAQ:NMRK) has established an office in Paris. The office, which opens today, will initially focus on capital markets and leasing. Alexandre Gotti, Newmark’s president of France, will oversee operations, strategic direction, growth and...
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