Commercial Real Estate
Women’s Fashion Retailer Francesca’s to Close All Stores
The chain has more than 450 stores in 45 states, with 3,400 employed as associates. Continue Reading Women’s Fashion Retailer Francesca’s to Close All Stores
UK Approves China’s Mega-Embassy in London
China purchased the building – the former site for the Royal Mint – in 2018 for $312 million. Continue Reading UK Approves China’s Mega-Embassy in London
Atlantic Equity Partners Launches Fund II to Decarbonize Hospitality Real Estate
The new fund will target a fundraise of $150 million-plus from limited partners globally, with $25 million in capital already committed. Continue Reading Atlantic Equity Partners Launches Fund II to Decarbonize Hospitality Real Estate
St. Patrick’s Cathedral Sells Air Rights to Ken Griffin
“It is our hope that the money will go to the continued upkeep of the Cathedral,” said Joseph Zwilling, director of communications for the Archdiocese of New York. Continue Reading St. Patrick’s Cathedral Sells Air Rights to Ken Griffin
PREIT Files for Chapter 11 Bankruptcy for Second Time in Three Years
The company expected to emerge from bankruptcy by early February. Continue Reading PREIT Files for Chapter 11 Bankruptcy for Second Time in Three Years
Caribou Industries to Begin Work on Mixed-Use Development in Santa Ana, California
“This project has truly been a labor of love,” said Michael F. Harrah, founder and president. Continue Reading Caribou Industries to Begin Work on Mixed-Use Development in Santa Ana, California
Choice Hotels Launches Hostile Takeover of Wyndham Hotels & Resorts
Wyndham pointed out that the “offer looks to be unchanged from Choice’s previous highly conditional offer the Board reviewed and rejected.” Continue Reading Choice Hotels Launches Hostile Takeover of Wyndham Hotels & Resorts
Dolly Parton Acquires Mixed-Use Property in Downtown Nashville
“Since the pandemic, commercial real estate is becoming an opportunity,” Parton said in a statement. Continue Reading Dolly Parton Acquires Mixed-Use Property in Downtown Nashville
Chris Hipps Named Texas Managing Principal for Cushman & Wakefield
Hipps will start on Jan. 2 and will be based in Dallas. Continue Reading Chris Hipps Named Texas Managing Principal for Cushman & Wakefield
Axos Closes Purchase of Two Loan Portfolios from the FDIC
“We believe that we purchased these performing loans at an attractive valuation that will be accretive to our net interest margin and net interest income,” said Greg Garrabrants, president and CEO of Axos. Continue Reading Axos Closes Purchase of Two Loan Portfolios from the FDIC
BridgeCore Capital Announces New Middle Market Commercial Real Estate Loan Program
The program provides borrowers a two-to five-year loan term, on loans ranging from $10 million to $30 million-plus. Continue Reading BridgeCore Capital Announces New Middle Market Commercial Real Estate Loan Program
Angel Oak Capital Advisors Taps Sumit Sasidharan as Head of Commercial Real Estate
Sasidharan comes to Angel Oak from Ares Management, where he served as managing director and co-head of real estate capital markets. Continue Reading Angel Oak Capital Advisors Taps Sumit Sasidharan as Head of Commercial Real Estate
