Water Tower Place, the mixed-use development consisting of 758,000-square-foot shopping mall in a 74-story skyscraper on Chicago’s Magnificent Mile, announced plans for a $170 million redevelopment. The property, which first opened in 1976, will be reconfigured with a...
Retail asking rent growth slowed to 1.9% year-over-year during the first quarter, extending a downward trend that started in 2024. According to a data analysis from CoStar Group (NASDAQ: CSGP), several Sun Belt markets that led rent growth earlier in the cycle –...
A&G Real Estate Partners announced that it is seeking offers for a mix of Walgreens store leases and fee-owned properties nationwide. The offering features existing leaseholds for 60 retail freestanding, central business district, end cap and inline locations...
The Foshay Tower, a landmark building in downtown Minneapolis, is facing foreclosure after its owners failed to pay off its $51 million mortgage. The Star-Tribune reports the mortgage’s maturity date came in May 2025. Deutsche Bank filed the complaint as a trustee...
Newmark Group Inc. (NASDAQ: NMRK) has hired Philip O’Bannon as senior managing director to lead its infrastructure capital markets business. In this role, O’Bannon will be responsible for expanding Newmark’s advisory and capital raising capabilities...
State Farm and Allstate Take Steps Toward Reopening California Home Insuran…
