Commercial Real Estate
Kansas City Mayor Pitches $1.9 Billion Plan for New Royals Stadium
The mayor proposed an ordinance allowing the city to commit up to $600 million through bonds to finance the development. Continue Reading Kansas City Mayor Pitches $1.9 Billion Plan for New Royals Stadium
Ares Management Acquires Whitestone REIT for $1.7 Billion
Whitestone’s portfolio includes 56 convenience-focused retail properties totaling approximately 4.9 million square feet in Sun Belt markets. Continue Reading Ares Management Acquires Whitestone REIT for $1.7 Billion
Scioto Properties Acquires 277-Property Portfolio for $80 Million
This is the company’s largest transaction. Continue Reading Scioto Properties Acquires 277-Property Portfolio for $80 Million
Four-Property Commercial Portfolio in Connecticut Sells for $26.5 Million
The property had a total appraised value of $29.45 million. Continue Reading Four-Property Commercial Portfolio in Connecticut Sells for $26.5 Million
Big Lots Declares Bankruptcy, Announces Sale to Nexus; Future of Stores Uncertain
The company said it will “assess its operational footprint, which will include closing additional store locations.” Continue Reading Big Lots Declares Bankruptcy, Announces Sale to Nexus; Future of Stores Uncertain
Philadelphia 76ers Being Lured to Relocate into Proposed New Jersey Arena
The 76ers are based at the Wells Fargo Center in Philadelphia, but their lease ends after the 2030-31 season. Continue Reading Philadelphia 76ers Being Lured to Relocate into Proposed New Jersey Arena
Microsoft Pays $330 Million for Silicon Valley Campus
The 33.3-acre site is Microsoft’s primary campus and employment hub in the Bay Area. Continue Reading Microsoft Pays $330 Million for Silicon Valley Campus
LL Flooring to Shutter Retail Store Network
The closure process is expected to take 12 weeks to complete, with 2,000 employees losing their jobs. Continue Reading LL Flooring to Shutter Retail Store Network
7-Eleven Parent Company Rejects Takeover Bid
The target company complained the bid was “opportunistically timed and grossly undervalues our standalone path.” Continue Reading 7-Eleven Parent Company Rejects Takeover Bid
Tech Trends: Improving Real Estate Communications
This week, our Tech Trends round-up features new tools designed to improve the flow of information within the real estate environment. Continue Reading Tech Trends: Improving Real Estate Communications
New Jersey Shopping Center Sells for $14.2 Million
The property is located along the Route 9 commuter thoroughfare and is 96% leased. Continue Reading New Jersey Shopping Center Sells for $14.2 Million
Blake Rogers Named President at Scotland Wright Associates
Earlier in his career, he was associate pastor at Christ Covenant, state director Lifeline Children’s Services in Georgia and an athletic director at Boyce College. Continue Reading Blake Rogers Named President at Scotland Wright Associates
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