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Canadian Airport Owes $500,000 Property Tax

Canadian Airport Owes $500,000 Property Tax

by Phil Hall | Feb 7, 2025 | Commercial Real Estate News, International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The new owner of an airport on Newfoundland Island owes $500,000 in property taxes – but the mayor of the town where the airport is based is shrugging off the delinquency while the local chamber of commerce leader is furious. CBC reports Ottawa businessman Carl Dymond...
121 Net-Leased JCPenney Properties Now Available for Sale

121 Net-Leased JCPenney Properties Now Available for Sale

by Phil Hall | Feb 6, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Hilco JCP LLC and Copper Property CTL Pass Through Trust are now marketing 121 net-leased JCPenney properties located across 35 states representing over 16 million square feet. According to the companies, most of the portfolio’s properties are based in major...
Realtor.com Moves HQ from California to Texas

Realtor.com Moves HQ from California to Texas

by Phil Hall | Feb 6, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Realtor.com is relocating its corporate headquarters from Santa Clara, California, to the Texas capital of Austin. The company was originally located in San Jose when it was founded in 1995 and moved to Santa Clara in 2016. Realtor.com’s leadership made the...
Developer Tries to Stop Historic Designation on Shuttered Pittsburgh Gay Bar

Developer Tries to Stop Historic Designation on Shuttered Pittsburgh Gay Bar

by Phil Hall | Feb 6, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A real estate developer and the estate of the owner of a defunct Pittsburgh gay bar filed a lawsuit to prevent the shuttered site from being nominated for historic designation status. WESA.fm reports Laurel Communities and the estate of Donald Thinnes filed their...
Bargain Hunt Begins Going-Out-of-Business Sales at All 92 Stores

Bargain Hunt Begins Going-Out-of-Business Sales at All 92 Stores

by Phil Hall | Feb 5, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The discount retail chain Bargain Hunt has launched Going-Out-of-Business sales at all 92 locations across 10 states following its bankruptcy filing. The sales are being managed by Hilco Consumer – Retail in a joint venture with Gordon Brothers. All the merchandise in...
Rhino Investments Acquires Albuquerque Shopping Center

Rhino Investments Acquires Albuquerque Shopping Center

by Phil Hall | Feb 5, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Rhino Investments Group, a Las Vegas-based commercial real estate firm specializing in value-add investments, has acquired Pavilions at San Mateo, a 148,749-square-foot retail shopping center in Albuquerque, New Mexico. Pavilions at San Mateo was built in 1997 and is...
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