Commercial Real Estate
Manchester United Secures Site for New 100,000-Seat Stadium
The financial aspects of the deal and the timeline for the new stadium’s creation were not announced. Continue Reading Manchester United Secures Site for New 100,000-Seat Stadium
Consumer Product Safety Commission to Relocate HQ to Washington from Maryland
The CPSC has been headquartered at the privately-owned Bethesda Towers in Maryland since the early 1990s. Continue Reading Consumer Product Safety Commission to Relocate HQ to Washington from Maryland
Joint Venture Acquires 51-Property Light Industrial Portfolio for $1.81 Billion
The companies said this deal marks the largest light industrial transaction since 2022. Continue Reading Joint Venture Acquires 51-Property Light Industrial Portfolio for $1.81 Billion
June 26 Bidding Deadline Announced for Historic Chicago-Area Racetrack
The 108-acre property includes 1.12 million square feet of buildings and a grandstand and clubhouse encompassing nearly 365,000 square feet. Continue Reading June 26 Bidding Deadline Announced for Historic Chicago-Area Racetrack
CMBS Delinquency Rate Up by One Basis Point
At the property-type level, two of the five major sectors recorded upswings in their delinquency rates. Continue Reading CMBS Delinquency Rate Up by One Basis Point
SL Green Sells Manhattan Office Tower for $312.2 Million
The 37-story, 390,000 square foot property is currently 92% leased. Continue Reading SL Green Sells Manhattan Office Tower for $312.2 Million
Barry Diller’s People Inc. Offers to Buy MGM Resorts International for $18 Billion
People Inc. owns 26.1% of the outstanding common stock of MGM and would possess just over 50.1% of the equity of the company if the transaction is approved. Continue Reading Barry Diller’s People Inc. Offers to Buy MGM Resorts International for $18 Billion
Illinois Legislature Adjourns Without an Agreement on Funding a New Bears Stadium
House Speaker Emmanuel “Chris” Welch stated, “We’ll continue discussions on a number of issues, including our approach to the Bears stadium question, this summer.” Continue Reading Illinois Legislature Adjourns Without an Agreement on Funding a New Bears Stadium
Sprouts Farmers Market Plans Expansion into New England with Up to 40 New Stores
“It’s quite exciting to be part of seeing all these stores getting built all over the place and going into new markets and seeing people kind of excited by the idea of something new,” said CEO Jack Sinclair Continue Reading Sprouts Farmers Market Plans Expansion into New England with Up to 40 New Stores
Hits and Misses for the Real Estate Week of May 25-29
A broke city gets a new tax, a pesky deed thief is back in custody, and Tampa Bay gets another $1 billion request for a stadium. Continue Reading Hits and Misses for the Real Estate Week of May 25-29
Affordable Housing Complex Planned for Site of Iconic LA Latin Music Club
“All I can tell you is I wish that wasn’t going on,” said Club Bahia owner Michael Higgins, whose grandparents created the venue. Continue Reading Affordable Housing Complex Planned for Site of Iconic LA Latin Music Club
$1.8 Billion Baseball Park Project Planned for Sacramento Area
A new organization called The Sacramento Pitch has been formed to secure an expansion team. Continue Reading $1.8 Billion Baseball Park Project Planned for Sacramento Area
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