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Palmetto Plaza, Miami-Area Retail Center, Sells for $46 Million

Palmetto Plaza, Miami-Area Retail Center, Sells for $46 Million

by Phil Hall | Aug 13, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Core Palmetto, an affiliate of Miami-based Core Investment Management, announced the sale of Palmetto Plaza, a 186,095-square-foot retail center in Miami Gardens, Florida. Core acquired Palmetto Plaza in 2021 for $33 million. While the company did not state the sale...
Newmark in Alliance Agreement with Mountain West

Newmark in Alliance Agreement with Mountain West

by Phil Hall | Aug 12, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Newmark Group Inc. (NASDAQ: NMRK) announced an alliance agreement with Mountain West Commercial Real Estate, a brokerage focused on the Idaho, Montana, Nevada, Utah and Wyoming markets. Under the terms of this alliance, Mountain West will operate as Newmark Mountain...
Costco Teams With Trinity Energy for Off-Grid Energy System at Connecticut Store

Costco Teams With Trinity Energy for Off-Grid Energy System at Connecticut Store

by Phil Hall | Aug 12, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Costco Wholesale Corp. (NASDAQ: COST) has partnered with Trinity Energy, a provider of turn-key sustainable energy solutions, on deployment of a modular, off-grid electrified energy system at the Costco warehouse store in Norwalk, Connecticut. According to the...
Prudent Growth Partners Pays $7.25 Million for Atlanta-Area Shopping Center

Prudent Growth Partners Pays $7.25 Million for Atlanta-Area Shopping Center

by Phil Hall | Aug 11, 2025 | Commercial Real Estate News, Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The North Carolina-based private equity real estate firm Prudent Growth Partners LLC has completed its $7.25 million acquisition of Sugarloaf Village, a 32,000-square-foot shopping center located in the Atlanta suburb of Lawrenceville, Georgia. Built in 2008, the...
NYC to End Lease with Last Major Hotel Housing Migrants

NYC to End Lease with Last Major Hotel Housing Migrants

by Phil Hall | Aug 11, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

New York City will not renew its lease with the last major hotel operating as a migrant shelter. According to The New York Times, Mayor Eric Adams said the Row NYC in Times Square will cease housing migrants in April when the city’s lease with the establishment...
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