Commercial Real Estate
Chicago Boosts Hotel Tax, Making it the Nation’s Highest
The tax increase applies to room rates at hotels with 100 or more rooms. Continue Reading Chicago Boosts Hotel Tax, Making it the Nation’s Highest
Chase Opens New Pacific Palisades Branch to Replace Wildfire-Destroyed Location
The branch offers on‑site valet parking, complimentary Wi‑Fi and two ATMs. Continue Reading Chase Opens New Pacific Palisades Branch to Replace Wildfire-Destroyed Location
Blackstone Acquires Texas Industrial Portfolio for $718 Million
The portfolio consists of 25 Class A buildings totaling 6 million square feet. Continue Reading Blackstone Acquires Texas Industrial Portfolio for $718 Million
Terreno Realty Corporation Acquires Washington Industrial Property for $9.3 Million
The property is 100% leased on a short-term basis. Continue Reading Terreno Realty Corporation Acquires Washington Industrial Property for $9.3 Million
Fidelity Investments to Sublease Boston HQ Ahead of Relocation
Fidelity acquired and moved into the 245 Summer Street property in 1999 but sold it five years later. Continue Reading Fidelity Investments to Sublease Boston HQ Ahead of Relocation
Turnbridge Equities Acquires LA Industrial Park for $28 Million
The property is currently 70% occupied, which the company noted was below the submarket average of 98%. Continue Reading Turnbridge Equities Acquires LA Industrial Park for $28 Million
Newmark Promotes Lou Alvarado to Chief Operating Officer
Alvarado first joined Newmark in 2015 as executive vice president and Boston market leader. Continue Reading Newmark Promotes Lou Alvarado to Chief Operating Officer
Sterling Organization Acquires Bay Area Shopping Center for $61.1 Million
The property is anchored by a 25,191-square-foot Safeway grocer and a 14,500-square-foot CVS Pharmacy. Continue Reading Sterling Organization Acquires Bay Area Shopping Center for $61.1 Million
Port of Seattle Files Appeal to Prevent Residential Development in Industrial District
The Port said the rezoning “appears that substantially all of the developable land covered by the Council’s action is controlled by one property owner.” Continue Reading Port of Seattle Files Appeal to Prevent Residential Development in Industrial District
A Phil Hall Op-Ed: Are GNC Stores Giving Servicemember Data to the Chinese Government?
Why is freshman Rep. Pat Harrington raising concerns over GNC stores on US military bases? Continue Reading A Phil Hall Op-Ed: Are GNC Stores Giving Servicemember Data to the Chinese Government?
Father-Son Duo Indicted for Fraud in Bond Offerings Tied to Sports Complex
Legacy Park opened in January 2022, but within months it failed to generate enough revenue to make the monthly bond payments. Continue Reading Father-Son Duo Indicted for Fraud in Bond Offerings Tied to Sports Complex
Former Kraken Executives Buy Majority Stake in Janover
Janover’s founder Blake Janover will remain on the board. Continue Reading Former Kraken Executives Buy Majority Stake in Janover
