Commercial Real Estate
Soccer Stadium Dropped from Proposed Albany Redevelopment Project
“The Capital Region has a million people here and a soccer stadium will work here,” said developer Jeff Buell. Continue Reading Soccer Stadium Dropped from Proposed Albany Redevelopment Project
San Francisco’s Historic Ghirardelli Square is Sold
The buyers acquired the property from Jamestown LP, which purchased the complex in 2013 for $56 million. Continue Reading San Francisco’s Historic Ghirardelli Square is Sold
Crypto-Only Buyer Sought for $28 Million Manhattan Office Property
Okada & Co. acquired 111 West 24th Street in 2021 for $16 million. Continue Reading Crypto-Only Buyer Sought for $28 Million Manhattan Office Property
Real Estate Investment Firm Head Pleads Guilty to $62.8 Million Fraud Scheme
Elie Schwartz pleaded guilty to one count of wire fraud and faces a maximum penalty of 20 years in prison. Continue Reading Real Estate Investment Firm Head Pleads Guilty to $62.8 Million Fraud Scheme
Craft Retailer Jo-Ann Plans to Close 500 Stores
The company blamed rising inflation and the disruptions created by the Covid-19 pandemic for its current financial difficulties. Continue Reading Craft Retailer Jo-Ann Plans to Close 500 Stores
DHS Claws Back $59 Million Given to NYC Hotels Housing Illegal Immigrants
Four FEMA employees who conducted the transaction, including Chief Financial Officer Mary Comans, have been fired by the DHS. Continue Reading DHS Claws Back $59 Million Given to NYC Hotels Housing Illegal Immigrants
Forecast: Commercial/Multifamily Mortgage Borrowing and Lending to Rise 16% This Year
Multifamily lending alone is expected to rise to $361 billion this year. Continue Reading Forecast: Commercial/Multifamily Mortgage Borrowing and Lending to Rise 16% This Year
4 FEMA Workers Fired for Unauthorized Payment of $59 Million to NYC Hotel Housing Migrants
The Department of Homeland Security called out the “egregious payment.” Continue Reading 4 FEMA Workers Fired for Unauthorized Payment of $59 Million to NYC Hotel Housing Migrants
Meridian Senior Living Expands into Colorado with Denver-Area Acquisition
“This acquisition highlights our ability to access capital markets and expand into markets with strong growth potential,” said Dan Castleberry, chief operations officer. Continue Reading Meridian Senior Living Expands into Colorado with Denver-Area Acquisition
New Jersey Medical/Office Property Sells for $22 Million
The three-story property was built in 1986 and is anchored by Summit Health. Continue Reading New Jersey Medical/Office Property Sells for $22 Million
FEMA Suspends Payments to NYC Hotels Housing Illegal Immigrants
FEMA Acting Administrator Cameron Hamilton announced, “Personnel will be held accountable.” Continue Reading FEMA Suspends Payments to NYC Hotels Housing Illegal Immigrants
New Initiative to Raise College Student Awareness of Commercial Real Estate Careers
The MBA will receive a $750,000 grant over three years from the PREA Foundation to expand industry outreach and engagement. Continue Reading New Initiative to Raise College Student Awareness of Commercial Real Estate Careers
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