Commercial Real Estate
Thor Equities Acquires Historic NYC Mixed-Use Property for $56 Million
Thor Equities, a real estate development, leasing, and asset management firm, announced its acquisition of 1165 Broadway, a 58,000-square-foot, mixed-use office and retail property in New York City, for $56 Million. Located in Manhattan’s NoMad District, the property...
Sanders and AOC Seek Moratorium on AI Data Center Construction
The Artificial Intelligence (AI) Data Center Moratorium Act would enact an immediate federal moratorium on these facilities. Continue Reading Sanders and AOC Seek Moratorium on AI Data Center Construction
Connecticut Rejects Request for State Funds to Build New Soccer Stadium
The $127 million in public funding sought by tech millionaire André Swanston for the home of his Connecticut United Football Club was turned down. Continue Reading Connecticut Rejects Request for State Funds to Build New Soccer Stadium
Wendy’s to Close Hundreds of Restaurants Following Weak Q4 Financial Performance
Wendy’s said it could close between 5% and 6% of its US restaurants – 298 to 358 locations – during the first half of this year. Continue Reading Wendy’s to Close Hundreds of Restaurants Following Weak Q4 Financial Performance
Hits and Misses for the Real Estate Week of Feb. 9-13
A Capitol Hill conundrum on affordable homeownership, another state wants the Chicago Bears, and a historic theater reopens for business. Continue Reading Hits and Misses for the Real Estate Week of Feb. 9-13
Winnipeg Shopping Center Sells for $160.5 Million
St. Vital Centre encompasses approximately 1 million square feet of gross leasable area and features 160 retailers. Continue Reading Winnipeg Shopping Center Sells for $160.5 Million
Florida’s Valiente Polo Farm Listed for Sale
The 150-acre Valiente Polo Farm in Wellington, Florida, is being marketed by Icon Global. Continue Reading Florida’s Valiente Polo Farm Listed for Sale
12,000-Seat Soccer Stadium Project Planned for Baltimore
“We want to build the professional soccer foundation in Baltimore that’s going to lead to growth in the future,” said DC United Co-Chairman and CEO Jason Levien. Continue Reading 12,000-Seat Soccer Stadium Project Planned for Baltimore
Bipartisan Bill Aims to Prevent Data Centers from Increasing Consumer Electricity Costs
The legislation seeks to ensure new data centers use energy from power generation sources that are separate from the grid. Continue Reading Bipartisan Bill Aims to Prevent Data Centers from Increasing Consumer Electricity Costs
Chinese Owners of NYC’s Waldorf Astoria to Sell Property Months After Multibillion-Dollar Renovation
The property’s eight-year, $4 billion overhaul was five years behind schedule and more than $1 billion over budget. Continue Reading Chinese Owners of NYC’s Waldorf Astoria to Sell Property Months After Multibillion-Dollar Renovation
The Iowa Bears? Hawkeye State Eyes Chicago Team
Iowa’s pitch comes as some Indiana lawmakers have hit the brakes on their state’s efforts to attract the Bears. Continue Reading The Iowa Bears? Hawkeye State Eyes Chicago Team
Illinois Makes Renewed Effort to Keep the Chicago Bears from Going to Indiana
“We’re in consistent conversation with the Chicago Bears,” Gov. Pritzker said during a Monday press conference. Continue Reading Illinois Makes Renewed Effort to Keep the Chicago Bears from Going to Indiana
