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CBRE, Citadel Sign New Leases for Manhattan Office Spaces

CBRE, Citadel Sign New Leases for Manhattan Office Spaces

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

The commercial real estate services and investment company CBRE Group Inc. (NYSE: CBRE) and the hedge fund Citadel LLC have signed significant office leases in historic Manhattan properties. CBRE announced it will establish a global financial headquarters at Lever...
Auction Planned to Offload Party City Stores

Auction Planned to Offload Party City Stores

by Phil Hall | Jan 3, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A&G Real Estate Partners, the real estate advisor to Party City Holdco Inc., announced plans to auction 695 Party City store leases as the celebrations retailer begins to wind down its operations. Party City announced last month that it was going out of business,...
Rhino Investments Group Acquires Oregon Retail Center

Rhino Investments Group Acquires Oregon Retail Center

by Phil Hall | Jan 2, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Rhino Investments Group, a Las Vegas-based commercial real estate firm, has acquired Lancaster Marketplace, a retail center in Salem, Oregon. Spanning a location at the busy intersection of Lancaster Drive and Highway 22, Lancaster Marketplace is anchored by WinCo...
CMBS Delinquency Rate Up 17 Basis Points

CMBS Delinquency Rate Up 17 Basis Points

by Phil Hall | Dec 31, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The commercial mortgage-backed securities (CMBS) delinquency rate spiked by 17 basis points in December to 6.57%, according to new data from Trepp Inc. Year-over-year, the overall CMBS delinquency rate is up 206 basis points. The percentage of loans that are seriously...
Murray H. Goodman, Super-Regional Mall Developer, Dies at 99

Murray H. Goodman, Super-Regional Mall Developer, Dies at 99

by Phil Hall | Dec 31, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Murray H. Goodman, a prominent real estate developer who pioneered the concept of the super-regional shopping mall, passed away at the age of 99. Goodman was born in Bethlehem, Pennsylvania, on Nov. 10, 1925, the son of Lithuanian immigrants. He served for...
Flying Horse Investments Acquires Phoenix-Area Shopping Center

Flying Horse Investments Acquires Phoenix-Area Shopping Center

by Phil Hall | Dec 31, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Los Angeles-based Flying Horse Investments LLC, a retail-focused real estate investment firm, has completed its acquisition of Fiesta Palms Shopping Center, a 53,630-square-foot specialty grocery-anchored shopping center in the Greater Phoenix metro area. According to...
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