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The Pierre, a Historic NYC Hotel, Reportedly Up for Sale

The Pierre, a Historic NYC Hotel, Reportedly Up for Sale

by Phil Hall | Dec 11, 2024 | Commercial Real Estate News, Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The Pierre, a historic five-star hotel overlooking New York City’s Central Park, is being marketed for sale. According to a Bloomberg report sourced from unnamed “people familiar with the matter,” the landmark lodging property features 189 hotel rooms, restaurants and...
Planned Industrial Park in Texas to Seek Asia-Pacific Manufacturers as Tenants

Planned Industrial Park in Texas to Seek Asia-Pacific Manufacturers as Tenants

by Phil Hall | Dec 10, 2024 | Commercial Real Estate News, Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

ASC Global Inc., a wholly owned subsidiary of Token Communities (OTC PINK:TKCM), has executed a Letter of Intent to acquire 749 acres of development site in Texas for an industrial park that will have Asia-Pacific manufacturers as tenants. According to the company,...
Arizona Sandwich Chain Eegee’s Declares Bankruptcy, Closes 5 Eateries

Arizona Sandwich Chain Eegee’s Declares Bankruptcy, Closes 5 Eateries

by Phil Hall | Dec 10, 2024 | Commercial Real Estate News, Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The Arizona-based fast-food sandwich chain Eegee’s has filed for Chapter 11 bankruptcy and closed five of its eateries. According to combined media reports, the 53-year-old chain listed both assets and liabilities of between $10 million and $50 million and said it has...
Dollar General Plans 575 New US Stores in 2025

Dollar General Plans 575 New US Stores in 2025

by Phil Hall | Dec 6, 2024 | Commercial Real Estate News, Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The discount retailer Dollar General Corporation (NYSE: DG) announced a proactive real estate agenda involving new and renovated stores. The Goodlettsville, Tennessee-headquartered company is planning to open 575 new stores across the US and 15 in Mexico in 2025. Also...
St. Petersburg City Council Approves Tampa Bay Rays Stadium Funding

St. Petersburg City Council Approves Tampa Bay Rays Stadium Funding

by Phil Hall | Dec 6, 2024 | Commercial Real Estate News, Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The ongoing saga of the proposed $1.3 billion ballpark for the Tampa Bay Rays took a new step forward as the St. Petersburg City Council narrowly voted to approve bonds to fund its public financing portion for the stadium and the surrounding Historic Gas Plant...
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