The tumult surrounding commercial real estate lender New York Community Bancorp (NYSE:NYCB) became more severe with the resignation of CEO Thomas Cangemi and the announcement that its fourth quarter loss was amended to $2.7 billion, a tenfold increase from its...
The historic Third Baptist Church, one of the oldest Black churches in Washington, D.C., has been sold to the Church of the Advent, an Anglican congregation in the nation’s capital. Third Baptist’s congregation dates back to 1857 and its 1893 building was designed by...
Denver-based Healthpeak Properties Inc. (NYSE: PEAK) and Milwaukee-based Physicians Realty Trust (NYSE: DOC) have completed their all-stock merger of equals valued at approximately $21 billion. The combined company will operate under the name “Healthpeak Properties...
CBRE Tri-State Capital Markets Group announced the $7.5 million sale of a 13,000-square-foot development site located at 511-521 Newark St. in Hoboken, New Jersey. The site is part of the Southwest Hoboken Redevelopment Plan and is being presented for a potential...
Development is underway on a new mixed-use property in central Connecticut that will encompass retail, lodging and a master-planned community. The Hartford Courant reported the new Cheshire Crossing retail development will feature a 152,000-square-foot shopping center...
Macy’s Inc. (NYSE:M) announced it will be closing 50 of its stores by the end of the year and another 100 over the next three years. The department store chain announced the closings today during the analysts’ call for its fourth quarter 2023 earnings report. The...
Detroit Sues Ex-HGTV Star Nicole Curtis Over Blighted Property
