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Vornado Realty Trust Purchases Manhattan Office Tower for $218 Million

Vornado Realty Trust Purchases Manhattan Office Tower for $218 Million

by Phil Hall | Aug 25, 2025 | Commercial Real Estate News, Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Vornado Realty Trust (NYSE: VNO) has announced its $218 million acquisition of the 623 Fifth Avenue office condominium in Midtown Manhattan. The 36-story, 382,500-rentable-square-foot building is based directly above the flagship Saks Fifth Avenue department store and...
Dillard’s Buys Dallas-Area Mall for $34 Million

Dillard’s Buys Dallas-Area Mall for $34 Million

by Phil Hall | Aug 25, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The Dillard’s (NYSE: DDS) department store chain has purchased the Dallas-area Longview Mall for $34 million, according to a Wall Street Journal report sourced from an unnamed “person familiar with the matter.” It is rare for chain store retailers to buy an entire...

Revived Bed Bath & Beyond Retail Chain Will Not Open Stores in California

by Phil Hall | Aug 20, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Beyond Inc. (NYSE:BYON), the Murray, Utah-based parent company of the Bed Bath & Beyond brand, announced that its return to brick-and-mortar retailing will not include California. Marcus Lemonis, executive chairman of Bed Bath & Beyond, issued an online...
Leadership Shake-Up at Target with New CEO

Leadership Shake-Up at Target with New CEO

by Phil Hall | Aug 20, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Target Corporation (NYSE: TGT), the Minneapolis-headquartered retailer with more than 2,000 stores, announced that CEO Brian Cornell will transition to executive chairman of the board of directors while Chief Operating Officer Michael Fiddelke will take on the CEO...
Playboy Relocates HQ from Los Angeles to ‘Business-Friendly’ Miami Beach

Playboy Relocates HQ from Los Angeles to ‘Business-Friendly’ Miami Beach

by Phil Hall | Aug 14, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Playboy Inc. (NASDAQ: PLBY) is relocating its global corporate headquarters from Los Angeles to Miami Beach. Playboy was founded in Chicago by Hugh Hefner in 1953 and relocated to California in 1975. In a press statement, the company said the relocation after a...
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