Commercial Real Estate
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
Shake Shack Expands Into Central America, Opening 12 Eateries in Panama
“Bringing Shake Shack to Central America marks a major milestone as we continue to grow globally,” said Michael Kark, president of global licensing. Continue Reading Shake Shack Expands Into Central America, Opening 12 Eateries in Panama
PROREIT Pays $96.5 Million for 6-Asset Industrial Property Portfolio
The portfolio is currently 99.7% leased to a roster of 26 tenants. Continue Reading PROREIT Pays $96.5 Million for 6-Asset Industrial Property Portfolio
Purple Pepe Memecoin Gains First Acceptance as Real Estate Payment
Real estate developer Daniel Westermier is now accepting PURPE as payment for a commercial property in Sedalia, Missouri. Continue Reading Purple Pepe Memecoin Gains First Acceptance as Real Estate Payment
Hits and Misses for the Real Estate Week of May 5-9
A mortgage fraud probe of Letitia James, a serious HR problem at the GSEs and the surprising site for Disney’s next theme park. Continue Reading Hits and Misses for the Real Estate Week of May 5-9
Disney to Open First Middle East Theme Park in Abu Dhabi
The announcement did not include a timeline on construction and completion. Continue Reading Disney to Open First Middle East Theme Park in Abu Dhabi
Rite Aid Files for Bankruptcy Again, Plans to Close All New York State Stores
All 178 of its locations in New York State will shut down next month. Continue Reading Rite Aid Files for Bankruptcy Again, Plans to Close All New York State Stores
New England Retail Chain Smithland Pet & Garden Centers to Shut Down
Store fixtures and equipment will be part of the liquidation sales. Continue Reading New England Retail Chain Smithland Pet & Garden Centers to Shut Down
Amazon Acquires 23-Story Manhattan Office Property
The 600,000-square-foot property was constructed in 1896 and is entirely vacant. Continue Reading Amazon Acquires 23-Story Manhattan Office Property
Burlington to Acquire 45 Store Locations from Bankrupt Retailer Jo-Ann
Burlington’s acquisition follows an expansion strategy by the company that saw the opening of 101 new stores last year. Continue Reading Burlington to Acquire 45 Store Locations from Bankrupt Retailer Jo-Ann
Hits and Misses for the Real Estate Week of April 28-May 2
The too-high cost for homebuying, the effects of plumbing mishaps on household budgets, and an XL-sized lease in New York City’s office market top this week’s Hits and Misses. Continue Reading Hits and Misses for the Real Estate Week of April 28-May 2
