The retailer Bed Bath & Beyond Inc. (NASDAQ: BBBY) filed for Chapter 11 bankruptcy on Sunday and will begin the process of closing all of its stores and liquidating inventory during the next two months. In its bankruptcy filing, the Union, New Jersey-headquartered...
The volume of loans originated against commercial real estate (CRE) during 2022 reached a record peak of $861.96 billion, according to new data from Trepp Inc. This marked a roughly 14.5% spike from the year before, when lending volumes had increased by 16%. Trepp...
The legalization of marijuana in the U.S. has created something of a nationwide crazy quilt. Cannabis is still considered illegal under federal law, but in 21 states plus the District of Columbia and Guam both medicinal and recreational marijuana retailing is legal....
New York City’s Rockefeller Center will soon have its first hotel – a situation created by a surplus amount of empty offices. The Wall Street Journal reported Aspen Hospitality is planning to renovate 10 floors of vacant office space above the NBC “Today” show studios...
UMH Properties Inc. (NYSE: UMH), a public equity REIT that owns and operates 135 manufactured home communities in 11 states, has closed on its $2.3 million acquisition of a 30-acre parcel of land located in Perrysburg, Ohio. The property adjacent to the company’s...
Broad Street Development LLC (BSD), a New York City-headquartered vertically integrated owner-operator, has launched Paradigm Advisory Group as the company’s consulting arm. Founded by BSD principals Raymond Chalme and Daniel Blanco, Paradigm defined its mission as...
