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Blackstone Pays $2 Billion for CRE Loans from Atlantic Union

Blackstone Pays $2 Billion for CRE Loans from Atlantic Union

by Phil Hall | Jun 27, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Blackstone (NYSE: BX) is paying $2 billion for the performing commercial real estate (CRE) loans that Atlantic Union Bankshares Corporation (NYSE: AUB) acquired in its $1.6 billion purchase of Sandy Spring Bancorp Inc. in April. According to the companies, the loan...
Weis Markets Opens First New Supermarket in 3 Years

Weis Markets Opens First New Supermarket in 3 Years

by Phil Hall | Jun 26, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Weis Markets Inc. (NYSE: WMK) has opened its first new supermarket in three years. Grocery Dive reports the new 65,000-square-foot store in Linganore, Maryland, is also the first of six new locations that were first announced in May 2024. The company attributed the...
Apex Commercial Exchange Debuts Platform for Commercial Real Estate Auctions

Apex Commercial Exchange Debuts Platform for Commercial Real Estate Auctions

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

Apex Commercial Exchange (ACE) has launched its new platform for commercial real estate auctions. According to the New York City-based ACE, the new platform enables brokers and owners to build fully customized asset pages, securely host diligence materials, generate...
Former NFL Player Sentenced in Real Estate Embezzlement Scheme

Former NFL Player Sentenced in Real Estate Embezzlement Scheme

by Phil Hall | Jun 24, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Real estate developer and former NFL football player Chris Harrison was sentenced to six years in federal prison and three years of supervised for his coordination of a scheme that embezzled funds intended for the development and construction of two real estate...
Macerich Company Acquires 1.3 Million SF Raleigh Mall for $290 Million

Macerich Company Acquires 1.3 Million SF Raleigh Mall for $290 Million

by Phil Hall | Jun 24, 2025 | Commercial Real Estate News, Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The Macerich Company (NYSE: MAC), a Santa Monica, California-based real estate investment trust, has acquired Crabtree Valley Mall, a Class A retail center totaling approximately 1.3 million square feet in Raleigh, North Carolina, for $290 million. The acquired...
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