New Jersey’s Freehold Raceway, the nation’s oldest half-mile harness racing track, was acquired by Raceway RE Partners, which plans to demolish the landmark site. The financial terms of the acquisition were not disclosed – the Asbury Park Press reports the property...
San Francisco’s 112-year-old Clay Theater, which has been closed since early 2020, is in the process of being restored. The San Francisco Standard reports the movie theater’s owner, venture capitalist Neil Mehta, announced plans to begin extensive renovations on the...
The closing of HUD’s Los Angeles field offices by the ongoing riots, Ohio lawmakers kowtowing to the Cleveland Browns, and a real estate agent who keeps selling at 100. From the wild and wooly world of real estate, here are our Hits and Misses for the week of June...
The largest hotel in Oakland is bound for a foreclosure auction later this month. The Oakland Marriott City Center is scheduled to be sold in a foreclosure auction on June 24. The San Francisco Business Times reports Hong Kong-based Gaw Capital Partners, the hotel’s...
The private equity real estate firm Henderson Park, working in partnership with the real estate developer and investor Lowe, has commenced work on the office-to-residential conversion of 1250 Maryland Avenue SW in Washington, DC. Currently known as Portals I, the...
Australia’s commercial property market size reached $33 billion in 2024 and is projected to grow to $78.5 billion by 2033, with a compound annual growth rate of 9.3% during the forecast period. According to a new IMARC Group report titled “Australia Commercial...
