Commercial Real Estate
Simon to Begin Renovations and Upgrades at 3 Mall Properties
This investment reflects Simon’s focus on strategic redevelopments to create vibrant, modern environments that cater to today’s shopper,” said Eli Simon, chief operating officer. Continue Reading Simon to Begin Renovations and Upgrades at 3 Mall Properties
Baseball Team Evicted from Indiana Stadium
“I was surprised to find out that we weren’t playing at the stadium this year,” said team president Don Popravak. Continue Reading Baseball Team Evicted from Indiana Stadium
Disney’s Bob Iger: ‘We Have Thousands of Acres of Land’ for Development
“We could actually build seven new, full lands if we wanted to, around the world,” he said. Continue Reading Disney’s Bob Iger: ‘We Have Thousands of Acres of Land’ for Development
Whole Foods Markets to Expand Urban Retail Presence
The new format, called Whole Foods Market Daily Shop, will be introduced later this year in New York City. Continue Reading Whole Foods Markets to Expand Urban Retail Presence
CMBS Delinquency Rate Inches Up to 4.71%
Last month’s uptick was mostly fueled by office sector delinquencies, which spiked by 33 basis points to 6.63%. Continue Reading CMBS Delinquency Rate Inches Up to 4.71%
Two Ratings Agencies Slash Credit Grade for NYCB
NYCB’s stock plummeted on Friday by 26%, ending the week at $3.55 – a 65% year-over-year collapse of its stock price. Continue Reading Two Ratings Agencies Slash Credit Grade for NYCB
Morgan Clark to Lead Investor Relations at Basis Industrial
Clark previously led investor relations and fund management for Foundry Commercial’s development and investment platform. Continue Reading Morgan Clark to Lead Investor Relations at Basis Industrial
Hits and Misses for the Real Estate Week of Feb. 25-March 1
This week’s Hits and Misses includes Macy’s store closings, the CFPB’s opaqueness and living in a Mercedes-Benz (but not a car). Continue Reading Hits and Misses for the Real Estate Week of Feb. 25-March 1
New York Community Bank CEO Quits as Losses Grow
The fourth quarter loss was amended to $2.7 billion, a tenfold increase from its previously declared $252 million net loss. Continue Reading New York Community Bank CEO Quits as Losses Grow
Historic Black Church in DC is Sold to Anglican Congregation
Third Baptist Church’s members have chosen to continue as a congregation in Prince George’s County, Maryland. Continue Reading Historic Black Church in DC is Sold to Anglican Congregation
Healthpeak Properties Completes Merger with Physicians Realty Trust
The merged company will encompass a 52 million-square-foot portfolio. Continue Reading Healthpeak Properties Completes Merger with Physicians Realty Trust
New Jersey Development Site Sells for $7.5 Million
CBRE procured the buyer for the transaction, which is the third sale that the brokerage completed on behalf of the seller. Continue Reading New Jersey Development Site Sells for $7.5 Million
