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DLC Pays $76.25 Million for Two Shopping Centers in Columbus, Ohio

DLC Pays $76.25 Million for Two Shopping Centers in Columbus, Ohio

by Phil Hall | Dec 23, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

DLC, the Elmsford, New York-based owner/operator of open-air shopping centers, has acquired two Walmart Supercenter-anchored shopping centers in Columbus, Ohio, for $76.25 million. The properties, which are approximately 99% occupied, include the 395,074-square-foot...
Hyatt in Exclusivity Talks with Playa Hotels & Resorts

Hyatt in Exclusivity Talks with Playa Hotels & Resorts

by Phil Hall | Dec 23, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Hyatt Hotels Corporation (NYSE: H), has executed an exclusivity agreement with Playa Hotels & Resorts NV (NASDAQ: PLYA), the owner/operator and developer of resorts in Mexico, Jamaica and the Dominican Republic. According to the companies, Playa agreed to...
Senate Approves RFK Stadium Transfer from Federal to DC Government

Senate Approves RFK Stadium Transfer from Federal to DC Government

by Phil Hall | Dec 23, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The saga over the fate of Robert F. Kennedy (RFK) Memorial Stadium took another turn this weekend as the US Senate unanimously voted to approve legislation that transferred the ownership of its land from the federal government to the District of Columbia for a 99-year...
Retail Chain Party City is Going Out of Business

Retail Chain Party City is Going Out of Business

by Phil Hall | Dec 20, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Party City, the party supply retail chain with over 850 stores across the country, has announced it is going out of business, with store closings scheduled for Feb. 28, 2025. CNN obtained access to a video conference call with Party City CEO Barry Litwin informing...
Trinity Investments Acquires Historic Seattle Hotel

Trinity Investments Acquires Historic Seattle Hotel

by Phil Hall | Dec 20, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Trinity Investments, a Los Angeles-headquartered real estate investment firm, has acquired Seattle’s historic Fairmont Olympic Hotel. The 450-room luxury hotel opened in 1924 and spans an entire block of Downtown Seattle. The hotel features five dining offerings,...
Harbor Capital Acquires Houston-Area Industrial Property

Harbor Capital Acquires Houston-Area Industrial Property

by Phil Hall | Dec 20, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Harbor Capital, the Texas-focused industrial real estate investment firm, has acquired Humble Business Park, an industrial property in Humble, a Houston-area city. The 13 new industrial buildings at the property features spaces ranging from 5,625 to 48,750 square...
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