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Big Lots to Start ‘Going Out of Business’ Sales at Remaining Stores

Big Lots to Start ‘Going Out of Business’ Sales at Remaining Stores

by Phil Hall | Dec 19, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The discount retailer Big Lots Inc. has announced it will begin going out of business (GOB) sales at all its remaining stores. The company, which declared bankruptcy in September, issued a statement that declared it did not anticipate completing its asset purchase...
RFK Stadium’s Fate Uncertain After Continuing Resolution is Pulled

RFK Stadium’s Fate Uncertain After Continuing Resolution is Pulled

by Phil Hall | Dec 19, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The future Robert F. Kennedy Memorial (RFK) Stadium in Washington, DC, was thrown into uncertainty when the congressional Continuing Resolution was abruptly pulled from consideration. WJLA.com reported the DC Robert F. Kennedy Memorial Stadium Campus Revitalization...
Commercial Mortgage Delinquencies Up in Q3

Commercial Mortgage Delinquencies Up in Q3

by Phil Hall | Dec 18, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Commercial mortgage delinquencies were on the rise in the third quarter, according to data from the Mortgage Bankers Association (MBA). “The share of the balance of delinquent commercial mortgages increased for every major capital source during the third quarter of...
Former Hartford Courant HQ Going Up for Auction

Former Hartford Courant HQ Going Up for Auction

by Phil Hall | Dec 16, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The former headquarters of the nation’s oldest continuously published newspaper is scheduled to be up for auction next month. The Hartford Business Journal reports the 289,392-square-foot office and industrial property that was once the home to Connecticut’s Hartford...
Trump Organization Reportedly Considering to Regaining Control of DC Hotel

Trump Organization Reportedly Considering to Regaining Control of DC Hotel

by Phil Hall | Dec 16, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The Trump Organization is reportedly considering a bid to regain control of the Waldorf Astoria hotel in Washington, DC. The New York Post, citing “three sources familiar with the situation,” said the president-elect’s company is considering options including a...
Connecticut Data Center Sells for $10 Million

Connecticut Data Center Sells for $10 Million

by Phil Hall | Dec 16, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Aphorio Carter Critical Infrastructure Fund LLC, a 506(c) private placement offering focused on data centers and technology-related real estate, has acquired Connecticut’s Trumbull Data Center for approximately $10 million. The property was originally built in 1960 in...
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