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Kroger and Albertsons Pause Merger

Kroger and Albertsons Pause Merger

by Phil Hall | Jul 26, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The Kroger Co. (NYSE: KR) and Albertsons Companies Inc. (NYSE: ACI) are pausing their proposed $24.6 billion merger as federal and state lawsuits seek to block their union. The Wall Street Journal reports the supermarket giants agreed to a temporary injunction in a...
Hollywood A-Listers Seek to Revive Long-Vacant Historic NYC Theater

Hollywood A-Listers Seek to Revive Long-Vacant Historic NYC Theater

by Phil Hall | Jul 26, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

A historic New York City theater which has been vacant for nearly two decades may have a new lease on life via a coalition of Hollywood power players. IndieWire reports the Metro Theater in Manhattan’s Upper West Side is the subject of acquisition discussions led by...
La Rosa Holdings to Acquire Celebration Corporate Center

La Rosa Holdings to Acquire Celebration Corporate Center

by Phil Hall | Jul 24, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

La Rosa Holdings Corp. (NASDAQ: LRHC) has entered into a non-binding Letter of Intent to acquire the commercial real estate firm Celebration Corporate Center LLC. The acquisition will be transacted through the company’s wholly owned subsidiary, La Rosa Property...
$7 Billion Mixed-Use Development Plan Unveiled Around Chicago’s United Center

$7 Billion Mixed-Use Development Plan Unveiled Around Chicago’s United Center

by Phil Hall | Jul 23, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The owners of Chicago’s United Center indoor arena announced plans for a $7 billion, 55-acre mixed-use campus around the property that will include housing, a 6,000-seat music hall, a park and pedestrian-friendly spaces. The Chicago Sun-Times reported the plan, dubbed...
Prudent Growth Partners Buys Florida Shopping Center for $8 Million

Prudent Growth Partners Buys Florida Shopping Center for $8 Million

by Phil Hall | Jul 23, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The private equity real estate firm Prudent Growth Partners LLC has completed its $8 million purchase of the Village Shoppes of Destin, a 28,834-square-foot multi-tenant shopping center located in Destin, Florida. Built in 2007, the property is located within a retail...
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