Commercial Real Estate
Hits and Misses for the Real Estate Week of March 30-April 3
Trump takes aim at State Farm, the Justice Department fights for natural gas appliances, and a mural that memorializes a crime victim is denounced as “divisive.” Continue Reading Hits and Misses for the Real Estate Week of March 30-April 3
Retail Component of Miami Worldcenter Sells for $210 Million
The Retail Capital Markets business of Newmark Group Inc. announced the sale. Continue Reading Retail Component of Miami Worldcenter Sells for $210 Million
St. Petersburg Mayor: City is in ‘Better Place’ Without New Stadium for Tampa Bay Rays
St. Petersburg Mayor Ken Welch has no regrets that the Tampa Bay Rays withdrew their plans last year to build a stadium in his city. Indeed, he’s quite happy about it. Last March, the team discontinued its plans for a new $1.3 billion, 30,000-seat venue in St....
iPic Theaters Files for Bankruptcy, Plans to Sell Assets
The Boca Raton, Florida-headquartered company previously filed for bankruptcy in 2019. Continue Reading iPic Theaters Files for Bankruptcy, Plans to Sell Assets
Report: Purchasing Rights Awarded to Shuttered San Francisco Centre
It is unclear what the companies plan to do with the property. Continue Reading Report: Purchasing Rights Awarded to Shuttered San Francisco Centre
First Community Credit Union Acquires Houston Office Tower as New HQ
The financial terms of the purchase were not disclosed. Continue Reading First Community Credit Union Acquires Houston Office Tower as New HQ
Sale Price for San Francisco’s Transamerica Pyramid is Revealed
The sale is only the second time since the property’s opening in 1972 that it has changed hands. Continue Reading Sale Price for San Francisco’s Transamerica Pyramid is Revealed
JLL Income Property Trust Acquires West Boston Medical Center for $32 Million
The property totals approximately 53,000 square feet and is 100% leased to a single tenant. Continue Reading JLL Income Property Trust Acquires West Boston Medical Center for $32 Million
CMBS Delinquency Rate Dropped to 7.14% in February
Three of the five major commercial property sectors recorded delinquency rate declines. Continue Reading CMBS Delinquency Rate Dropped to 7.14% in February
Amit Sripathi Named CFO at Wyndham Hotels & Resorts
Prior to Wyndham, Sripathi was vice president of finance and capital markets at RLJ Lodging Trust. Continue Reading Amit Sripathi Named CFO at Wyndham Hotels & Resorts
Amazon Acquires Virginia Campus of George Washington University for $427 Million
The deal will allow the university to remain on the property for up to five years as campus-based programs and university offices are relocated. Continue Reading Amazon Acquires Virginia Campus of George Washington University for $427 Million
New Chicago Soccer Stadium Sparks Complaints from Community Groups
The developers are aiming to open the stadium ahead of the team’s 2028 season. Continue Reading New Chicago Soccer Stadium Sparks Complaints from Community Groups
