Braemar Hotels & Resorts Inc. (NYSE: BHR), a Dallas-based real estate investment trust (REIT) focused on investing in luxury hotels and resorts, has begun the process of putting itself up for sale. The company and its financial advisor, Robert W. Baird & Co....
Shoppers in the Big Apple will soon be able to spend less for their apples – the Aldi discount supermarket chain is planning to open its first store in Manhattan. Supermarket News reports the 25,000-square-foot store will be on 42nd Street near Times Square in The...
ECI Group has broken ground on The Averly Richmond Hill, a $60 million, 291-unit, mixed-use development with retail acreage in the Savannah suburb of Richmond Hill, Georgia. The Averly Richmond Hill will feature 243 apartment-style units plus 48 three-story townhouses...
Vornado Realty Trust (NYSE: VNO) has announced its $218 million acquisition of the 623 Fifth Avenue office condominium in Midtown Manhattan. The 36-story, 382,500-rentable-square-foot building is based directly above the flagship Saks Fifth Avenue department store and...
The Dillard’s (NYSE: DDS) department store chain has purchased the Dallas-area Longview Mall for $34 million, according to a Wall Street Journal report sourced from an unnamed “person familiar with the matter.” It is rare for chain store retailers to buy an entire...
Cape Cod considers a mansion tax, Baltimore considers raising taxes on vacant lots, and a retail chain will not consider opening stores in California. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Aug. 18-22. Miss: Soaking...
