Commercial Real Estate
Feds Pay $87.4 Million for Pennsylvania Warehouse to Become Immigration Detention Center
The property was previously used as a logistics center and as arena that hosted rodeos and demolition derbies. Continue Reading Feds Pay $87.4 Million for Pennsylvania Warehouse to Become Immigration Detention Center
Eddie Bauer Retail Stores Face Closing Amid Bankruptcy Reports
The Bellevue, Washington-based retailer operates approximately 180 locations across the US and Canada. Continue Reading Eddie Bauer Retail Stores Face Closing Amid Bankruptcy Reports
Whole Foods to Anchor New Mixed-Use Development in Central Connecticut
The project will include retail, lodging and a master-planned community. Continue Reading Whole Foods to Anchor New Mixed-Use Development in Central Connecticut
Macy’s to Close 150 Stores
The company insisted these locations generate less than 10% of its sales. Continue Reading Macy’s to Close 150 Stores
Will Commercial Real Estate Woes Fuel a New Wave of Bank Failures?
1,522 out of 4,641 banks have total commercial real estate exposures greater than 300%. Continue Reading Will Commercial Real Estate Woes Fuel a New Wave of Bank Failures?
Jonathan Pollack to Become President at Starwood Capital Group
Pollack was Blackstone’s global head of the firm’s real estate credit business since 2016. Continue Reading Jonathan Pollack to Become President at Starwood Capital Group
New Chairman at Bravo Property Trust
Gaby Moshayev was previously CEO at Harel Finance Alternative Ltd. Continue Reading New Chairman at Bravo Property Trust
Bluerock Value Exchange Debuts New Industrial Portfolio
DIP III is seeking to raise approximately $41 million from accredited investors. Continue Reading Bluerock Value Exchange Debuts New Industrial Portfolio
Former Morgan Stanley Global Chairman Joins CBRE Board
Guy A. Metcalfe was a managing director and member of Morgan Stanley’s investment banking executive committee. Continue Reading Former Morgan Stanley Global Chairman Joins CBRE Board
Lessee of Former Trump Hotel in DC Defaults on Loan
CGI CEO Raoul Thomas said he is in talks to receive up to $100 million in new financing for the property. Continue Reading Lessee of Former Trump Hotel in DC Defaults on Loan
Hits and Misses for the Real Estate Week of Feb. 19-23
An upstart trade group’s PR coup, an iconic theater saved by Hollywood’s A-list and an unwanted honor for New Jersey are among this week’s Hits and Misses. Continue Reading Hits and Misses for the Real Estate Week of Feb. 19-23
Judge Denies Trump Request to Delay Penalty Payment
“You have failed to explain, much less justify, any basis for a stay,” said Judge Arthur Engoron. Continue Reading Judge Denies Trump Request to Delay Penalty Payment
