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College of Charleston to Create Endowed Professorship for Commercial Real Estate

College of Charleston to Create Endowed Professorship for Commercial Real Estate

by Phil Hall | Jun 4, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

South Carolina’s College of Charleston has received a $2 million gift to support its commercial real estate finance program and its education students. Part of the gift will be used to create the Buono Endowed Professorship in Commercial Real Estate in the...
CMBS Delinquency Rate Drops Below 5%

CMBS Delinquency Rate Drops Below 5%

by Phil Hall | Jun 4, 2024 | Commercial Real Estate News, Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The commercial mortgage-backed security (CMBS) delinquency rate declined by 10 basis points in May to 4.97%, according to data from Trepp Inc. “The decrease was primarily driven by some sizable resolutions in the office sector,” said Stephen Buschbom, research...
Rubio’s Coastal Grill Shutters 48 California Restaurants

Rubio’s Coastal Grill Shutters 48 California Restaurants

by Phil Hall | Jun 4, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The fast-casual Mexican-themed restaurant chain Rubio’s Coast Grill has closed 48 of its eateries in California, citing the cost of doing business in the state. According to Nation’s Restaurant News, the company issued a statement complaining that the “closings were...
Report: Developers Quietly Buying Up Land for Proposed Texas Baseball Stadium

Report: Developers Quietly Buying Up Land for Proposed Texas Baseball Stadium

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

The real estate developers who are among the owners of the San Antonio Missions minor league baseball team have been quietly acquiring properties that can be combined into a new stadium for their team. According to a San Antonio Express-News report sourced from an...
Dollar Tree Acquires 170 Locations from Bankrupt 99 Cents Only Stores

Dollar Tree Acquires 170 Locations from Bankrupt 99 Cents Only Stores

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

Dollar Tree Inc. (NASDAQ: DLTR) has acquired the designation rights for 170 leases of 99 Cents Only Stores across Arizona, California, Nevada, and Texas. As part of the transaction, Dollar Tree also acquired the North American intellectual property of 99 Cents Only...
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