REAL ESTATE NEWS - Commercial Real Estate

Stay informed about the commercial real estate market, with a focus on office spaces, retail locations, industrial properties, and large-scale developments.

Potential Residential Conversion: Vacant Tower Finds New Owner
One City Centre at 1021 Main Street in Houston has found a new owner after a lengthy struggle. Special servicer Midland has selected a buyer for the property, which has potential for residential conversion.
Vacant skyscraper in downtown area sold to potential residential developer owner.
WinnDevelopment Starts Building $51M Senior Housing Project in Worcester
WinnCompanies has started work on the Residences on Lincoln Square, a $51 million project to transform the historic Worcester Boys Club building into 80 affordable homes for families in need.
WinnDevelopment breaks ground on $51M senior housing project in Worcester, Massachusetts.
Visionworks moves to a smaller suburban office
Visionworks is moving out of its longtime downtown San Antonio office to a smaller location in Far North Central. The company will now occupy approximately 30,000 square feet in the RidgeWood Park Office Campus at 19100 Ridgewood Parkway.
Visionworks relocates to smaller suburban office building in [City/State] area.
Brooklyn Borough President Brad Lander halts $5 million NYPD contract amid kickback scandal
Comptroller Brad Lander is blocking a $5.4 million contract for MDB Development due to its criminal indictment.
Brooklyn Borough President Brad Lander halts NYPD contract amidst corruption investigation.
Irvine Allocates $13M for Administrative Office Construction
The City of Irvine has recently acquired a two-story office building for administrative use, spanning an impressive 57,300 square feet. This acquisition was made for a total of $13 million, as reported by the Orange County Register.
Irvine city council allocates $13 million for new administrative office construction project.
BTB Real Estate Investment Trust (TSE:BTB.UN) Shareholders' Earnings: A Comprehensive Analysis
Maximize Your Portfolio's Potential: Discover How to Beat Market Averages and Uncover Winning Investments
Canadian real estate investment trust BTB.UN shareholders review financial performance in Montreal.
Alexandria Real Estate Equities, Inc. Announces Third Quarter Dividend of $1.30 per Common Share for Q3 24, totaling $5.14 for the year, a 24-cent increase over the previous year's dividend.
Alexandria Real Estate Equities boosts dividend to $5.14 annually, a 5% increase. Discover how they balance shareholder returns with strategic growth investments, allocating $2.1B for development projects.
Alexandria Real Estate Equities CEO announces quarterly dividend payment in Los Angeles.
Defending Industrial Space: A Curious Office Project Encounters Challenges
Willy Pilku, CEO of Core Scaffolding, is determined to transform a neglected site in Red Hook into a modern office building. However, he faces opposition from a local City Council member who is against the project.
Industrial office building under construction in urban area encounters construction challenges.
Macerich to Showcase at BofA Securities 2024 Global Real Estate Conference
MAC to Participate in Key Investor Events in 2024: BofA Securities and NAREIT Conferences Stay updated on MAC's real estate outlook and engage with leadership at upcoming presentations. Learn about investment opportunities in the real estate sector.
Macerich executive presenting at BofA Securities 2024 Global Real Estate Conference podium.
Florida Brokerage Settles Commissions Dispute
The Keyes Company has reached a settlement in the Gibson lawsuit as the settlement fund approaches $1 billion.
Florida brokerage settles commissions dispute with investors in a financial agreement.
Data Center Developer Begins Demolition of Former Sears HQ in Hoffman Estates
Dallas-based developer begins demolition of former Sears world headquarters in Hoffman Estates
Demolition underway at former Sears headquarters in Hoffman Estates, Illinois data center development.
Stunning Lincoln Park property now available for $15M
Experience Luxury Living: Discover Your Dream Home in Lincoln Park
Lincoln Park mansion on market for $15 million with luxurious amenities.
Frankforter Group in Foreclosure Dilemma: Downtown Atlanta Apartments Under Threat
Frankforter Group may lose ownership of luxury apartment complex in downtown Atlanta due to missed debt payments. Generations Atlanta, a 336-unit apartment complex at 369 Centennial Olympic Park Drive, is at risk of foreclosure.
Downtown Atlanta apartments threatened with foreclosure by Frankforter Group financial struggles.
Cole Spends $39M on Retail Buildings in Beverly Hills
Investors Shaaya brothers acquire two retail buildings in Beverly Hills' Golden Triangle for $39.2 million.
Billionaire investor Cole purchases retail buildings in upscale Beverly Hills neighborhood.
Publix's $83M Double Play: Grocer Acquires Two Broward Shopping Centers
Publix expands in South Florida, acquiring two shopping centers in Davie for a total of $83 million.
Publix acquires two shopping centers in Broward County for $83 million.
BXP to Showcase at BofA Securities 2024 Global Real Estate Conference
BXP Executives to Present at Bank of America Securities Global Real Estate Conference in 2024: Discover the Latest Trends, Strategies, and Development Activities in Premium Workplace Management. Catch the Live Webcast Now!
BXP executive showcases company's real estate projects at BofA Securities conference.
LaSalle Street office tower lender takes over Hearn, Fortress
Chicago-based Hearn and Fortress Investment Group, two prominent real estate firms, were unsuccessful in their attempt to prevent a LaSalle Street office building from being foreclosed upon.
LaSalle Street office tower lender acquires Hearn and Fortress companies in Chicago.
KT Urban to construct a seven-story luxury hotel in San Jose
Cupertino-based developer KT Urban has been granted permission to construct a seven-story boutique hotel with 176 rooms near Santana Row in San Jose.
Seven-story luxury hotel under construction by KT Urban in downtown San Jose.

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