Commercial Real Estate
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
Report: Trump Open to Relocating Madison Square Garden as Part of Penn Station Redevelopment
The arena has been at its site since 1968, and the proposal calls for a public plaza to replace the 820,000-square-foot building. Continue Reading Report: Trump Open to Relocating Madison Square Garden as Part of Penn Station Redevelopment
Dana Caudell Named Chief Strategic Officer at Pegasus Residential
Caudell recently served as chief operating officer of The Aventon Companies. Continue Reading Dana Caudell Named Chief Strategic Officer at Pegasus Residential
Brittney Jones Named Chief Development Officer at Brittain Resorts & Hotels
ones will oversee the expansion of BRH’s portfolio through strategic third-party management contracts. Continue Reading Brittney Jones Named Chief Development Officer at Brittain Resorts & Hotels
Garrett Colburn Named President at SRS Real Estate Partners
He joined the company in 2012 to grow the Southern California office. Continue Reading Garrett Colburn Named President at SRS Real Estate Partners
Discount Retailer Big Lots Planning to Close 35 to 40 Stores
Big Lots’ sales were down 10.2% year-over-year to $1 billion in its first quarter. Continue Reading Discount Retailer Big Lots Planning to Close 35 to 40 Stores
SAFstor Debuts Fund to Develop 3 Self-Storage Facilities
The new fund intends to raise $23 million. Continue Reading SAFstor Debuts Fund to Develop 3 Self-Storage Facilities
Trump Organization to Pursue More Middle East Real Estate Deals
“This region has explosive growth, and that’s not stopping anytime soon,” said Eric Trump. Continue Reading Trump Organization to Pursue More Middle East Real Estate Deals
Las Vegas Shopping Center Sells in Foreclosure Purchase for $24.7 Million
The transaction is the company’s second foreclosure purchase from the Miami-based LNR Property LLC. Continue Reading Las Vegas Shopping Center Sells in Foreclosure Purchase for $24.7 Million
Saks Fifth Avenue Parent Buys Neiman Marcus for $2.65 Billion
HBC’s Canadian business will be recapitalized as a standalone entity, separate from Saks Global. Continue Reading Saks Fifth Avenue Parent Buys Neiman Marcus for $2.65 Billion
Contractors Named for New Virginia Baseball Stadium
The Richmond Flying Squirrels, the Double-A Eastern League affiliate of the San Francisco Giants, has selected Rhode Island-based Gilbane Building Co. and Massachusetts-based Prestige Construction Group to construct a new stadium in Richmond, Virginia. According to...
CMBS Delinquency Rate Swings Back Above 5% Mark
Year-over-year, the overall CMBS delinquency rate is up by 145 basis points. Continue Reading CMBS Delinquency Rate Swings Back Above 5% Mark
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