Commercial Real Estate
Maine Governor Vetoes Data Center Moratorium Bill
The bill that would have halted the creation of data centers requiring over 20 megawatts of power until October 2027. Continue Reading Maine Governor Vetoes Data Center Moratorium Bill
Chicago’s Water Tower Place Announces Redevelopment Plans
Construction is expected to begin in 2027 and substantially wrap in 2028. Continue Reading Chicago’s Water Tower Place Announces Redevelopment Plans
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
Hyatt in Joint Venture with Spain’s Grupo Piñero
Hyatt plans to appoint Bahia Principe CEO Julio Pérez as the chief executive to lead the management company. Continue Reading Hyatt in Joint Venture with Spain’s Grupo Piñero
Wyndham Teams with Reside on Extended-Stay Hotels
The partnership marks the debut of its Wyndham Residence tier in the US. Continue Reading Wyndham Teams with Reside on Extended-Stay Hotels
Hits and Misses for the Real Estate Week of Oct. 21-25
In the spotlight: The crossroads of politics and real estate, a new wave of restaurant closings and rats ruling in Chicago. Continue Reading Hits and Misses for the Real Estate Week of Oct. 21-25
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