Commercial Real Estate
Hits and Misses for the Real Estate Week of March 9-13
The negative impact of a neighbor’s yard on a home sale, a Seattle billionaire abruptly moves to Florida, and a department store executive vows to keep his locations open Continue Reading Hits and Misses for the Real Estate Week of March 9-13
Prudent Growth Partners Acquires Alabama Retail Center for $7.6 Million
Located in the Huntsville metro area, the center was constructed in 2008 and is 96.64% leased. Continue Reading Prudent Growth Partners Acquires Alabama Retail Center for $7.6 Million
Multifamily Mortgage Debt Continues to Outpace the Full Commercial Real Estate Sector
zTotal mortgage debt outstanding for the full commercial real estate sector in the fourth quarter was $4.79 billion. Continue Reading Multifamily Mortgage Debt Continues to Outpace the Full Commercial Real Estate Sector
Herschen Acquires Palace Entertainment’s Theme Parks
The financial terms of the deal were not disclosed. Continue Reading Herschen Acquires Palace Entertainment’s Theme Parks
14,500-Seat NWSL Stadium Announced for Denver
The venue is scheduled to open in the spring of 2028. Continue Reading 14,500-Seat NWSL Stadium Announced for Denver
Retailer Forever 21 Files for Bankruptcy
The Forever 21 trademark and intellectual property are owned by Authentic Brands, which licenses them to F21 OpCo. Continue Reading Retailer Forever 21 Files for Bankruptcy
Voice of America Parent Agency Cancels Lease on New DC Headquarters
The USAGM cited “obscene over-spending including a nearly quarter-of-a-billion-dollar lease for a Pennsylvania Avenue high-rise.” Continue Reading Voice of America Parent Agency Cancels Lease on New DC Headquarters
Tampa Bay Rays Drop Effort to Develop New $1.3 Billion Stadium
“After careful deliberation, we have concluded we cannot move forward with the new ballpark and development project at this moment,” said principal owner Stuart Sternberg. Continue Reading Tampa Bay Rays Drop Effort to Develop New $1.3 Billion Stadium
Don King Punched with $5.35 Million Foreclosure Lawsuit
The property in question is a 40-year-old, 46,467-square-foot warehouse that King acquired for $3 million in 2000. Continue Reading Don King Punched with $5.35 Million Foreclosure Lawsuit
Franklin BSP Realty Trust Acquires NewPoint Holdings
The financial terms of the deal were not disclosed. Continue Reading Franklin BSP Realty Trust Acquires NewPoint Holdings
Wells Fargo Sues JPMorgan Over Defaulted $481 Million Loan
The lawsuit alleged JPMorgan knew the seller overstated the properties’ historical net operating income by 25%. Continue Reading Wells Fargo Sues JPMorgan Over Defaulted $481 Million Loan
Data Analysis Warns Banks Face Exposure to Ongoing Commercial Real Estate Troubles
Flagstar Bank, Zion Bancorp, Valley National Bank, Synovus Bank, Umpqua Bank and Old National Bank were cited as the banks most at risk. Continue Reading Data Analysis Warns Banks Face Exposure to Ongoing Commercial Real Estate Troubles
