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Marcus & Millichap Closes $88.5 Million Sale of 31-Property Portfolio

Marcus & Millichap Closes $88.5 Million Sale of 31-Property Portfolio

by Phil Hall | Dec 24, 2024 | Commercial Real Estate News, Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The commercial real estate brokerage Marcus & Millichap (NYSE:MMI), in association with Northeast Retail, announced the $88.5 million sale of a portfolio 31 net lease properties anchored by Town Fair Tire. The properties are in Connecticut, Massachusetts, New...
DLC Pays $76.25 Million for Two Shopping Centers in Columbus, Ohio

DLC Pays $76.25 Million for Two Shopping Centers in Columbus, Ohio

by Phil Hall | Dec 23, 2024 | Commercial Real Estate News, Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

DLC, the Elmsford, New York-based owner/operator of open-air shopping centers, has acquired two Walmart Supercenter-anchored shopping centers in Columbus, Ohio, for $76.25 million. The properties, which are approximately 99% occupied, include the 395,074-square-foot...
Hyatt in Exclusivity Talks with Playa Hotels & Resorts

Hyatt in Exclusivity Talks with Playa Hotels & Resorts

by Phil Hall | Dec 23, 2024 | Commercial Real Estate News, Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

Hyatt Hotels Corporation (NYSE: H), has executed an exclusivity agreement with Playa Hotels & Resorts NV (NASDAQ: PLYA), the owner/operator and developer of resorts in Mexico, Jamaica and the Dominican Republic. According to the companies, Playa agreed to...
Retail Chain Party City is Going Out of Business

Retail Chain Party City is Going Out of Business

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

Party City, the party supply retail chain with over 850 stores across the country, has announced it is going out of business, with store closings scheduled for Feb. 28, 2025. CNN obtained access to a video conference call with Party City CEO Barry Litwin informing...
Trinity Investments Acquires Historic Seattle Hotel

Trinity Investments Acquires Historic Seattle Hotel

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

Trinity Investments, a Los Angeles-headquartered real estate investment firm, has acquired Seattle’s historic Fairmont Olympic Hotel. The 450-room luxury hotel opened in 1924 and spans an entire block of Downtown Seattle. The hotel features five dining offerings,...
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