Commercial Real Estate
Kansas City Mayor Pitches $1.9 Billion Plan for New Royals Stadium
The mayor proposed an ordinance allowing the city to commit up to $600 million through bonds to finance the development. Continue Reading Kansas City Mayor Pitches $1.9 Billion Plan for New Royals Stadium
Ares Management Acquires Whitestone REIT for $1.7 Billion
Whitestone’s portfolio includes 56 convenience-focused retail properties totaling approximately 4.9 million square feet in Sun Belt markets. Continue Reading Ares Management Acquires Whitestone REIT for $1.7 Billion
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
Denver’s Rampart Medical Campus Sells for $8.6 Million
The two buildings last changed hands in December 2019 in an $18.8 million transaction. Continue Reading Denver’s Rampart Medical Campus Sells for $8.6 Million
CVS to Open 12 Mini-Stores Focused on Pharmacy Services
CVS is planning to close 270 locations this year after 800 net closures during the past three years. Continue Reading CVS to Open 12 Mini-Stores Focused on Pharmacy Services
SBA to Relocate Regional Offices Out of 6 Sanctuary Cities
The regional offices in Atlanta, Boston, Chicago, Denver, New York City, and Seattle will be moved in the coming months. Continue Reading SBA to Relocate Regional Offices Out of 6 Sanctuary Cities
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