The Philadelphia 76ers have abruptly cancelled plans for a new $1.3 billion Center City arena project and instead announced plans to play in a new stadium complex in South Philadelphia. NBC Philadelphia reports Philadelphia Mayor Cherelle Parker led a press conference...
Structural demolition is scheduled to begin today on Robert F. Kennedy (RFK) Memorial Stadium in Washington, DC. Events DC announced the initial demolition will focus on “selective sections of the interior of the stadium and the removal of sections of exterior...
The national industrial vacancy rate rose by 20 basis points (bps) to 6.7% in the fourth quarter of 2024, according to data from Cushman & Wakefield (NYSE:CWK), which noted the current level is 30 bps below the 10-year, pre-pandemic average. Overall net absorption...
Two nationwide department store retailers, Macy’s (NYSE: M) and Kohl’s (NYSE:KSS) have announced plans to close stores. Macy’s confirmed the closure of 66 of what it defined as “non-go-forward store locations.” The company stated the...
Kimco Realty (NYSE: KIM), a Jericho, New York-based real estate investment trust (REIT) and owner/ operator of open-air, grocery-anchored shopping centers and mixed-use properties, has acquired The Markets at Town Center, a 254,000-square-foot property in...
Two prominent Dubai-based developers have announced plans to expand into the US market. Dar Global, a luxury real estate developer, released a statement announcing that it was “gearing up for US expansion, with plans to invest in key international cities. The company...
