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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, News/Current 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...
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, News/Current 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...
Kroger to Close 60 Stores Over the Next 18 Months

Kroger to Close 60 Stores Over the Next 18 Months

by Phil Hall | Jun 23, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Kroger Co. (NYSE: KR) announced plans to close 60 underperforming stores over the next 18 months. Kroger operates 2,730 stores in 35 states and the District of Columbia under multiple brands. In a call with financial analysts after the release the...
Costco to Open First Standalone Gas Station

Costco to Open First Standalone Gas Station

by Phil Hall | Jun 18, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Costco Wholesale Corp. (NASDAQ: COST) announced plans to open its first standalone gas station that is not connected to one of its retail outlets. According to combined media reports, the new station will be based in the Los Angeles suburb of Mission Viejo. The...
25,000 SF Retail Plaza in Pennsylvania Sells for $12 Million

25,000 SF Retail Plaza in Pennsylvania Sells for $12 Million

by Phil Hall | Jun 17, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A 25,000-square-foot retail property in Jamison, Pennsylvania, has been sold for $12.17 million. The property, located at the intersection of Route 263 and York Road, is occupied by a Wawa convenience store and gas station and a Tractor Supply center. The site also...
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