Commercial Real Estate
Public Storage Acquires National Storage Affiliates for $10.5 Billion
The combined company is expected to have a pro forma equity market capitalization of approximately $57 billion and total enterprise value of approximately $77 billion. Continue Reading Public Storage Acquires National Storage Affiliates for $10.5 Billion
Hits and Misses for the Real Estate Week of March 9-13
The negative impact of a neighbor’s yard on a home sale, a Seattle billionaire abruptly moves to Florida, and a department store executive vows to keep his locations open Continue Reading Hits and Misses for the Real Estate Week of March 9-13
Peachtree Group Taps Vickie Callahan to Lead Hospitality Management Division
In her new role, Callahan will oversee the company’s portfolio of owned and third-party managed hotels. Continue Reading Peachtree Group Taps Vickie Callahan to Lead Hospitality Management Division
Owner of Trump’s Former DC Hotel Loses Rights to Property
The property was originally the Post Office Building, which opened in 1899. Continue Reading Owner of Trump’s Former DC Hotel Loses Rights to Property
New Forecast Predicts Pricing Increases for NYC Commercial Properties
“We anticipate a robust growth trajectory for commercial real estate in New York City,” said Gregory Kraut, CEO of KPG Funds. Continue Reading New Forecast Predicts Pricing Increases for NYC Commercial Properties
Manhattan Office Building Sells in Auction at 97.5% Loss
The property was built in 1963 on the site of the 5,920-seat Roxy Theatre, which was once the world’s largest cinema. Continue Reading Manhattan Office Building Sells in Auction at 97.5% Loss
Hits and Misses for the Real Estate Week of July 29-Aug. 2
This week’s Hits and Misses include reckless political talk about housing, Chevron moving its headquarters to Texas and a contaminated school for sale. Continue Reading Hits and Misses for the Real Estate Week of July 29-Aug. 2
Chevron Relocates HQ from California to Texas
CEO Mike Wirth blamed California’s political climate for driving the company’s headquarters from the state. Continue Reading Chevron Relocates HQ from California to Texas
West Virginia Governor Blames James Dimon for Foreclosure Auction of Historic Hotel
The Justice family accused the foreclosure to be a “political stunt” by Dimon. Continue Reading West Virginia Governor Blames James Dimon for Foreclosure Auction of Historic Hotel
CMBS Delinquency Rate Rises, Fueled by Office Sector
Year-over-year, the overall CMBS delinquency rate is up 102 basis points. Continue Reading CMBS Delinquency Rate Rises, Fueled by Office Sector
Furniture Retailer Badcock to Shut Down, Closing 380 Stores
The company’s shuttering follows last week’s bankruptcy filing by its parent company Conn’s. Continue Reading Furniture Retailer Badcock to Shut Down, Closing 380 Stores
Blackstone in Talks to Acquire Retail-Focused REIT
ROIC owns 95 shopping centers covering roughly 10.7 million square feet. Continue Reading Blackstone in Talks to Acquire Retail-Focused REIT
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