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Faropoint Makes First Los Angeles Industrial Acquisition

Faropoint Makes First Los Angeles Industrial Acquisition

by Phil Hall | Apr 1, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Hoboken, New Jersery-based Faropoint, a real estate investment manager specializing in last-mile industrial properties, announced its first acquisition in the Los Angeles area with the $9.975 million purchase of a multi-tenant industrial building located in Torrance,...
Foot Locker Moves HQ from NYC to St. Petersburg, Florida

Foot Locker Moves HQ from NYC to St. Petersburg, Florida

by Phil Hall | Mar 31, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Foot Locker Inc. (NYSE: FL), the footwear and apparel retailer, is relocating is global headquarters from New York City to a 110,998-square-foot office in St. Petersburg, Florida. The company, which first announced its relocation plans last summer, has signed a lease...
31,000 SF California Industrial Property Sells for $7.4 Million

31,000 SF California Industrial Property Sells for $7.4 Million

by Phil Hall | Mar 28, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Birtcher Anderson & Davis Associates (BA&D) and Belay Investment Group announced the $7.4 million sale of Foothill Business Park, a 30,907 square-foot multi-tenant industrial property in Irwindale, California. The sale marks the final transaction involving the...
Dollar Tree Sells Family Dollar Retail Chain for $1 Billion

Dollar Tree Sells Family Dollar Retail Chain for $1 Billion

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

Dollar Tree Inc. (NASDAQ: DLTR) announced the $1 billion sale of its Family Dollar business to the private equity firms Brigade Capital Management LP and Macellum Capital Management LLC. Dollar Tree acquired Family Dollar for more than $8 billion in 2015. However, the...
Hilton’s Waldorf Astoria Hotels & Resorts to Open First Texas Resort

Hilton’s Waldorf Astoria Hotels & Resorts to Open First Texas Resort

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

Hilton (NYSE: HLT) has signed a branding and management agreement with Wine Country Hospitality Partners LLC to create the Waldorf Astoria Texas Hill Country and Waldorf Astoria Residences Texas Hill Country. The new resort, which is slated to open in 2027 at a site...
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