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Blackstone in Talks to Acquire Retail-Focused REIT

Blackstone in Talks to Acquire Retail-Focused REIT

by Phil Hall | Aug 1, 2024 | Commercial Real Estate News, Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The private equity firm Blackstone (NYSE:BX) is reportedly in discussions to acquire Retail Opportunity Investments Corp (NASDAQ: ROIC), a real estate investment trust (REIT) focused on retail properties in the Western states. According to a Reuters report sourced...
Feds Delayed Informing Tenants About Contaminated Water in Detroit Office Building

Feds Delayed Informing Tenants About Contaminated Water in Detroit Office Building

by Phil Hall | Jul 31, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The federal government knowingly withheld informing the tenants in one of its Detroit office buildings contained contaminated water that put their health at risk. The Washington Times reported the General Services Administration (GSA) first tested and confirmed the...
$5.8 Billion in Manhattan’s 1H 2024 Commercial Property Investment Sales

$5.8 Billion in Manhattan’s 1H 2024 Commercial Property Investment Sales

by Phil Hall | Jul 30, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Investment sales in Manhattan commercial real estate reached $5.8 billion over in the first half of this year, according to new data from Ariel Property Advisors. This represented a 14% increase from the second half of 2023. A total of 167 transactions were recorded...
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...
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