Commercial Real Estate
Wendy’s to Close Hundreds of Restaurants Following Weak Q4 Financial Performance
Wendy’s said it could close between 5% and 6% of its US restaurants – 298 to 358 locations – during the first half of this year. Continue Reading Wendy’s to Close Hundreds of Restaurants Following Weak Q4 Financial Performance
Hits and Misses for the Real Estate Week of Feb. 9-13
A Capitol Hill conundrum on affordable homeownership, another state wants the Chicago Bears, and a historic theater reopens for business. Continue Reading Hits and Misses for the Real Estate Week of Feb. 9-13
Marcus & Millichap Partners with Good Earth Coffeehouse on Real Estate Expansion
Good Earth currently operates over 60 coffeehouses, spanning from Victoria in British Columbia to Toronto. Continue Reading Marcus & Millichap Partners with Good Earth Coffeehouse on Real Estate Expansion
Colonnade BridgePort Tapped for Property Management on 2.3 Million SF Portfolio
“This is a testament to our ability to optimize the performance of real estate assets and maximize returns,” said Colonnade BridgePort’s Ron Matheson. Continue Reading Colonnade BridgePort Tapped for Property Management on 2.3 Million SF Portfolio
CMBS Delinquency Rate at Second-Highest Post-Pandemic Level
Year over year, the overall CMBS delinquency rate is up 147 basis points. Continue Reading CMBS Delinquency Rate at Second-Highest Post-Pandemic Level
NYC Issues RFP for Redevelopment of Historic Armory
The building was proposed as temporary United Nations headquarters in the late 1940s and was a homeless shelter in the 1980s. Continue Reading NYC Issues RFP for Redevelopment of Historic Armory
BGO Industrial Real Estate Income Trust Buys Ownership Stake in Midwest Industrial Portfolio
The purchase price of the portfolio was approximately $130 million. Continue Reading BGO Industrial Real Estate Income Trust Buys Ownership Stake in Midwest Industrial Portfolio
1st Century Bank Expands Into San Diego Market
This endeavor is being led by Jason Shidler, who joins 1st Century Bank as senior vice president and senior managing director. Continue Reading 1st Century Bank Expands Into San Diego Market
Hits and Misses for the Real Estate Week of Sept. 18-22
A potential new life for a 100-year-old closed theater, federal workplaces that make employees sick and Jerome Powell’s foot on the brake. Continue Reading Hits and Misses for the Real Estate Week of Sept. 18-22
W.P. Carey to Exit the Office Property Space
CEO Jason Fox said this action will result in “enhancing the overall quality of our portfolio.” Continue Reading W.P. Carey to Exit the Office Property Space
Capital Square Promotes Natalie Stephens to Regional Vice President for Southwest Sales
Stephens joined Capital Square as an associate vice president in January 2022. Continue Reading Capital Square Promotes Natalie Stephens to Regional Vice President for Southwest Sales
Long-Vacant Historic San Francisco Theater Being Proposed as Affordable Housing Site
The Alexandria opened in 1923 and closed in 2004. Continue Reading Long-Vacant Historic San Francisco Theater Being Proposed as Affordable Housing Site
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