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Stop & Shop Plans Supermarket Closings

Stop & Shop Plans Supermarket Closings

by Phil Hall | May 29, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The retail holding company Ahold Delhaize USA is planning to close an unspecified number of its Stop & Shop supermarkets. Supermarket News reported that CEO JJ Fleeman made the announcement during a recent investor strategy meeting. Fleeman did not say how many...
Glenn Decker Promoted to President at Tekmak Development Company

Glenn Decker Promoted to President at Tekmak Development Company

by Phil Hall | May 28, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Tekmak Development Company, a Dallas-based hospitality development company, has promoted Glenn Decker from vice president of operations to president. Decker succeeds Thomas Kirkland, who will remain as CEO. Prior to joining Tekmak in 2022, Decker spent six years in...
Lender Seizes Foreclosed San Jose Office Property

Lender Seizes Foreclosed San Jose Office Property

by Phil Hall | May 28, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The Bay Area’s shaky real estate market received another blow as a vacant San Jose office property was foreclosed and seized by its lender. According to a Mercury News report, The Evergreen Advantage seized the 78,200-square-foot property at 5729 Fontanoso Way through...
Report: One in Five NYC Hotels is Now Housing Illegal Immigrants

Report: One in Five NYC Hotels is Now Housing Illegal Immigrants

by Phil Hall | May 28, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Roughly 135 of New York City’s nearly 680 hotels are housing illegal immigrants, a loss of 16,532 hotel rooms, according to a report in the New York Times. This represents approximately one out of five hotels. The current level of lodging availability is 2,812 fewer...
New Commercial Real Estate Platform Connects National Retailers with Rural Markets

New Commercial Real Estate Platform Connects National Retailers with Rural Markets

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

St. Louis-headquartered CUSCO has launched as a commercial real estate platform focused on connecting national retailers with rural America. According to the company, the platform will acquire and manage retail properties across in-demand rural markets while providing...
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