Commercial Real Estate
Hits and Misses for the Real Estate Week of May 4-8
New listings on the rise, New York City’s mayor shoots his mouth off (twice), and the late Ted Turner’s property portfolio. Continue Reading Hits and Misses for the Real Estate Week of May 4-8
Forecast: AI to Generate 330 Million Square Feet of Commercial Real Estate Demand Over Next 10 Years
The report predicted the industrial real estate sector will be the strongest beneficiary of the new AI era, with an additional 298.5 million square feet of absorption. Continue Reading Forecast: AI to Generate 330 Million Square Feet of Commercial Real Estate Demand Over Next 10 Years
Six Flags Sells 7 Amusement Parks for $331 Million
Six Flags said it plans to operate its remaining collection of 34 parks across 23 locations in North America for the 2026 season. Continue Reading Six Flags Sells 7 Amusement Parks for $331 Million
Brad Bazley Joins Perform Properties as Chief Technology Officer
Bazley comes to Perform from Internet Brands, where he served as vice president and chief information officer. Continue Reading Brad Bazley Joins Perform Properties as Chief Technology Officer
Nashville Businesses Protest Rising Property Taxes
Mayor Freddie O’Connell explained that taxes are higher because local property valuations have increased. Continue Reading Nashville Businesses Protest Rising Property Taxes
St. Petersburg Mayor: City is in ‘Better Place’ Without New Stadium for Tampa Bay Rays
St. Petersburg Mayor Ken Welch has no regrets that the Tampa Bay Rays withdrew their plans last year to build a stadium in his city. Indeed, he’s quite happy about it. Last March, the team discontinued its plans for a new $1.3 billion, 30,000-seat venue in St....
iPic Theaters Files for Bankruptcy, Plans to Sell Assets
The Boca Raton, Florida-headquartered company previously filed for bankruptcy in 2019. Continue Reading iPic Theaters Files for Bankruptcy, Plans to Sell Assets
Report: Purchasing Rights Awarded to Shuttered San Francisco Centre
It is unclear what the companies plan to do with the property. Continue Reading Report: Purchasing Rights Awarded to Shuttered San Francisco Centre
First Community Credit Union Acquires Houston Office Tower as New HQ
The financial terms of the purchase were not disclosed. Continue Reading First Community Credit Union Acquires Houston Office Tower as New HQ
Sale Price for San Francisco’s Transamerica Pyramid is Revealed
The sale is only the second time since the property’s opening in 1972 that it has changed hands. Continue Reading Sale Price for San Francisco’s Transamerica Pyramid is Revealed
JLL Income Property Trust Acquires West Boston Medical Center for $32 Million
The property totals approximately 53,000 square feet and is 100% leased to a single tenant. Continue Reading JLL Income Property Trust Acquires West Boston Medical Center for $32 Million
CMBS Delinquency Rate Dropped to 7.14% in February
Three of the five major commercial property sectors recorded delinquency rate declines. Continue Reading CMBS Delinquency Rate Dropped to 7.14% in February
