Commercial Real Estate
San Francisco Centre, a Once-Mighty 1.5 Million-Square-Foot Mall, to Permanently Close
The property was foreclosed on in November, selling for $134 million. Continue Reading San Francisco Centre, a Once-Mighty 1.5 Million-Square-Foot Mall, to Permanently Close
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
Another Major Tenant to Depart Beleaguered San Francisco Centre Mall
Burke Williams’ 16,000-square-foot spa, the largest in San Francisco, has been a tenant of the mall since 2006. Continue Reading Another Major Tenant to Depart Beleaguered San Francisco Centre Mall
CoStar Group Acquires Agricultural Land Data Firm
The financial aspects of the transaction were not disclosed. Continue Reading CoStar Group Acquires Agricultural Land Data Firm
Survey: 1 in 4 Remote Workers Ordered Back to Office No Longer Live Near Their Job
Among the relocating workers, 56% attempted to secure a different job before moving, but most failed to secure a lucrative job offer. Continue Reading Survey: 1 in 4 Remote Workers Ordered Back to Office No Longer Live Near Their Job
Crypto-Only Buyer Sought for $28 Million Manhattan Office Property
Okada & Co. acquired 111 West 24th Street in 2021 for $16 million. Continue Reading Crypto-Only Buyer Sought for $28 Million Manhattan Office Property
Real Estate Investment Firm Head Pleads Guilty to $62.8 Million Fraud Scheme
Elie Schwartz pleaded guilty to one count of wire fraud and faces a maximum penalty of 20 years in prison. Continue Reading Real Estate Investment Firm Head Pleads Guilty to $62.8 Million Fraud Scheme
Craft Retailer Jo-Ann Plans to Close 500 Stores
The company blamed rising inflation and the disruptions created by the Covid-19 pandemic for its current financial difficulties. Continue Reading Craft Retailer Jo-Ann Plans to Close 500 Stores
DHS Claws Back $59 Million Given to NYC Hotels Housing Illegal Immigrants
Four FEMA employees who conducted the transaction, including Chief Financial Officer Mary Comans, have been fired by the DHS. Continue Reading DHS Claws Back $59 Million Given to NYC Hotels Housing Illegal Immigrants
Forecast: Commercial/Multifamily Mortgage Borrowing and Lending to Rise 16% This Year
Multifamily lending alone is expected to rise to $361 billion this year. Continue Reading Forecast: Commercial/Multifamily Mortgage Borrowing and Lending to Rise 16% This Year
4 FEMA Workers Fired for Unauthorized Payment of $59 Million to NYC Hotel Housing Migrants
The Department of Homeland Security called out the “egregious payment.” Continue Reading 4 FEMA Workers Fired for Unauthorized Payment of $59 Million to NYC Hotel Housing Migrants
Meridian Senior Living Expands into Colorado with Denver-Area Acquisition
“This acquisition highlights our ability to access capital markets and expand into markets with strong growth potential,” said Dan Castleberry, chief operations officer. Continue Reading Meridian Senior Living Expands into Colorado with Denver-Area Acquisition
Recent Posts
Hits and Misses for the Real Estate Week of March 16-20- Virginia Home Sales Up 7.4% in February
- Judge Strikes Down FinCEN Rule Aimed at Money Laundering in Real Estate
- New Proposal to Keep the Bears in Chicago Features Renovated Soldier Field
- Survey: 3 in 5 Fear Loss of Jobs to AI Will Impact Housing Market
