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City Reverses Offer to Help Rebuild Tampa Bay Rays’ Hurricane-Damaged Stadium

City Reverses Offer to Help Rebuild Tampa Bay Rays’ Hurricane-Damaged Stadium

by Phil Hall | Nov 22, 2024 | Commercial Real Estate News, Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The St. Petersburg City Council has changed its mind on providing more than $23 million to repair Tropicana Field, the home of the Tampa Bay Rays, that was damaged during Hurricane Milton last month. The stadium’s translucent fiberglass roof was torn to shreds during...
Tampa Bay Rays Warn They May Never Move Into New Stadium

Tampa Bay Rays Warn They May Never Move Into New Stadium

by Phil Hall | Nov 20, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The owners of the Tampa Bay Rays said the team will not be able to move into their planned new stadium for the 2028 season, and there is a good chance they may never relocate to the new venue. The Associated Press reported the team’s executives informed Florida’s...
NYC Office Building Sells for $255 Million

NYC Office Building Sells for $255 Million

by Phil Hall | Nov 20, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Savanna, a New York City-based real estate investment manager, owner/operator and developer, has acquired 799 Broadway, a Class-A office building in the Greenwich Village section of Manhattan, for a $255 million. The property was acquired at a discounted price from...
Connecticut Medical Building Sells for $19.1 Million

Connecticut Medical Building Sells for $19.1 Million

by Phil Hall | Nov 20, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Holly Pond Plaza, a 73,060-square-foot outpatient medical building in Stamford, Connecticut, was sold for $19.1 million. Built in 1981, the four-floor property is 100% leased to three medical tenants, with Summit Health (Walgreens Boots Alliance) occupying roughly...
Blackstone Buys Majority Stake in Jersey Mike’s Sub Sandwich Chain

Blackstone Buys Majority Stake in Jersey Mike’s Sub Sandwich Chain

by Phil Hall | Nov 19, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The New York City-based investment firm Blackstone (NYSE:BK) has announced its acquisition of a majority ownership stake in Jersey Mike’s Subs, a franchisor of fast-casual submarine sandwich stores. The financial terms of the transaction were not disclosed, although...
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