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25,000 SF Retail Plaza in Pennsylvania Sells for $12 Million

25,000 SF Retail Plaza in Pennsylvania Sells for $12 Million

by Phil Hall | Jun 17, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A 25,000-square-foot retail property in Jamison, Pennsylvania, has been sold for $12.17 million. The property, located at the intersection of Route 263 and York Road, is occupied by a Wawa convenience store and gas station and a Tractor Supply center. The site also...
CBRE Forecasts Modest RevPAR Growth for US Hotels in 2025

CBRE Forecasts Modest RevPAR Growth for US Hotels in 2025

by Phil Hall | May 16, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A new US hotel sector forecast published by CBRE (NYSE: CBRE) is predicting revenue per available room (RevPAR) will grow modestly in 2025, with activity fueled by urban locations benefitting from increased group and business travel along with rising demand for...
Six Flags to Close Maryland Amusement Park and Sell 500-Acre Property

Six Flags to Close Maryland Amusement Park and Sell 500-Acre Property

by Phil Hall | May 2, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Six Flags Entertainment Corporation (NYSE: FUN) is closing its Six Flags America and Hurricane Harbor amusement park in Bowie, Maryland, after the 2025 operating season. Promoted as “DC’s Thrill Capital,” the property will be sold for redevelopment as part of Six...
New Jersey Shopping Plaza Sells for $44 Million

New Jersey Shopping Plaza Sells for $44 Million

by Phil Hall | Apr 11, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Hazlet Town Center, a 190,000-square-foot shopping plaza in Hazlet, New Jersey, has been sold for $44 million. Based along the Route 35 retail corridor, the property is approximately 90% leased and anchored by Aldi, Burlington and Urban Air. The sale did not include...
Hits and Misses for the Real Estate Week of Feb. 24-28

Hits and Misses for the Real Estate Week of Feb. 24-28

by Phil Hall | Feb 28, 2025 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The CFPB changes its mind, two different approaches to EV charger installations and an eggs-cellent home selling approach. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Feb. 24-28. Hit: Reining in the Litigation: This week,...
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