The retail focused investment firm Gordon Brothers announced that it is now offering Big Lots leases for sale. According to the company, the new-to-market stores are primarily located in shopping centers across 47 states and range in size from approximately 19,000 to...
CBRE Group Inc. (NYSE: CBRE) has announced is acquisition of Industrious National Management Company LLC, a provider of flexible workplace solutions. CBRE previously invested in Industrious through an approximately 40% equity interest and a $100 million convertible...
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...
