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Whole Foods Markets to Expand Urban Retail Presence

Whole Foods Markets to Expand Urban Retail Presence

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

Whole Foods Market, a subsidiary of Amazon Inc. (NASDAQ:AMZN), is expanding its retail real estate presence through a new, quick-shop store format aimed at urban neighborhoods. The new format, called Whole Foods Market Daily Shop, will be introduced later this year in...
Two Ratings Agencies Slash Credit Grade for NYCB

Two Ratings Agencies Slash Credit Grade for NYCB

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

The tumult surrounding New York Community Bancorp (NYSE:NYCB) became more severe with two ratings agencies cutting its credit grade. Bloomberg reported Fitch Ratings lowered the bank’s long-term issuer default rating from BBB-to BB+, which is one level below...
Morgan Clark to Lead Investor Relations at Basis Industrial

Morgan Clark to Lead Investor Relations at Basis Industrial

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

Basis Industrial, a privately held and vertically integrated real estate owner and operator, has hired Morgan Clark as director of investor relations. In his new role, Clark will oversee and manage the operational and capital management activities associated with...
Hits and Misses for the Real Estate Week of Feb. 25-March 1

Hits and Misses for the Real Estate Week of Feb. 25-March 1

by Phil Hall | Mar 1, 2024 | Commercial Real Estate News, Current News & Events, Hits and Misses, Real Estate News, U.S. Housing Market, WRE News Exclusive

A major retailer shutting down stores, a federal regulator being pressed for transparency and living in a Mercedes-Benz (but not a car). From the wild and wooly world of real estate, here are the Hits and Misses for the week of Feb. 25 to March 1. Miss: No Miracle on...
New York Community Bank CEO Quits as Losses Grow

New York Community Bank CEO Quits as Losses Grow

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

The tumult surrounding commercial real estate lender New York Community Bancorp (NYSE:NYCB) became more severe with the resignation of CEO Thomas Cangemi and the announcement that its fourth quarter loss was amended to $2.7 billion, a tenfold increase from its...
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