Commercial Real Estate
Tempus Realty Partners Acquires Industrial Portfolio for $22.2 Million
The portfolio includes five assets across two properties spanning a total of 311,158 square feet on 23 acres. Continue Reading Tempus Realty Partners Acquires Industrial Portfolio for $22.2 Million
Public Storage Acquires National Storage Affiliates for $10.5 Billion
The combined company is expected to have a pro forma equity market capitalization of approximately $57 billion and total enterprise value of approximately $77 billion. Continue Reading Public Storage Acquires National Storage Affiliates for $10.5 Billion
Blackstone Acquires Retail Opportunities Investments Corp. for $4 Billion
ROIC is a real estate investment trust with a portfolio consisting of 93 grocery-anchored retail properties. Continue Reading Blackstone Acquires Retail Opportunities Investments Corp. for $4 Billion
70,680 SF Industrial Property in New Jersey Sells for $20.9 Million
This is the second recent acquisition in Moonachie by the buyer through CBRE. Continue Reading 70,680 SF Industrial Property in New Jersey Sells for $20.9 Million
Chinese Logistics Operators Account for 20% of New US Warehouse Leasing
Some companies are storing goods in the US ahead of possible new tariffs against China. Continue Reading Chinese Logistics Operators Account for 20% of New US Warehouse Leasing
Atlanta Housing Issues RFP to Redevelop Vacant Historic Hotel
Atlanta Housing, Georgia’s largest housing authority, has issued a Request for Proposals (RFP) for the redevelopment of a vacant historic hotel into a mixed-income community. The property was built in 1973 is a former Ramada Plaza that is commonly known as Stadium...
TGI Fridays Files for Bankruptcy Protection
Currently, TGI Fridays Inc. only owns and operates 39 restaurants in the US. Continue Reading TGI Fridays Files for Bankruptcy Protection
Hits and Misses for the Real Estate Week of Oct. 28-Nov. 1
A pushback against offshore wind turbines, an indefinite delay on an important decision and a landmark law turns 50. Continue Reading Hits and Misses for the Real Estate Week of Oct. 28-Nov. 1
CMBS Delinquency Rate Rises to Nearly 6%
Last month’s spike was primarily fueled entirely by the office sector. Continue Reading CMBS Delinquency Rate Rises to Nearly 6%
Wendy’s to Close 140 Restaurants
The Wendy’s Company (NASDAQ: WEN) has become the latest restaurant chain to close locations, with 140 eateries set to be shuttered in the fourth quarter. The closures were announced Thursday during the company’s earnings call. According to a report in Restaurant Dive,...
Real Estate Developer Westcliff Acquires New Brunswick’s Largest Shopping Center
Located on a 60-acre site, the 784,372-square-foot Champlain Place hosts over 150 stores. Continue Reading Real Estate Developer Westcliff Acquires New Brunswick’s Largest Shopping Center
Historic San Jose Hotel Sells for $11 Million, Nearly 44% Below its Last Transfer
The hotel last changed hands in 2014 when it was acquired by an affiliate of Lowe’s Enterprises for $20.4 million. Continue Reading Historic San Jose Hotel Sells for $11 Million, Nearly 44% Below its Last Transfer
