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New York/Tri-State People and Company News, week of May 9, 2024
Topspin Consumer Partners' portfolio company, MISSION, has appointed Jocelyn Thornton as its new C...Read more
Q1 Retail: Tight Space and Low Vacancies
Reports detailing the retail sector in Q1 2024 were on the same page. Specifically, the quarter...Read more
WeWork Files to Assume 16 Leases Across US, Canada
WeWork is planning to save more locations as it emerges from its Chapter 11 proceedings. ...Read more
Industrial Q1: New Supply Continues to Push Vacancy Rates as Pipeline Shrinks
From about the middle of 2022, the industrial sector was marked by record-high demand, leading ...Read more
U.S. REIT Fundraising Rises Nearly 20% Y-O-Y in Q1
U.S. REITs raised $17.6 billion from secondary debt and equity offerings in the first quarter of 20...Read more
Return to Lender: Week of May 2, 2024
Ashford Hospitality Trust, Inc. has turned over control of the hotels securing the $180.7-millio...Read more
Whole Foods Takes Over a Fry’s Scottsdale Location
Fry's is leaving Downtown East Shopping Center in midtown Scottsdale, and a Whole Foods is coming i...Read more
Whole Foods Market to Expand River Forest Town Store
Whole Foods Market is planning an expansion and has signed a new long-term commitment at River Fore...Read more
Herc Rentals Signs Baltimore Industrial Space
Herc Rentals Inc., a heavy equipment rental company, has secured a lease for 30,892 square feet of ...Read more
StorageMart Expands Midwest Presence in Indiana, Missouri
StorageMart has completed the acquisitions of two new facilities in Greenwood, Indiana, and Colu...Read more
1.8M SF Houston Business Park Picked by Artis
Artis Real Estate Investment Trust ("Artis" or the "REIT") entered into a conditional agreement to ...Read more
Jacksonville to Debut New Marriott Concept Hotel
A new Marriott concept hotel called StudioRes is slated for Jacksonville along Parramore Road south...Read more
Bain Capital, 11North Form JV to Invest in Open-Air Retail
Bain Capital Real Estate and 11North Partners have formed a strategic partnership to acquire and ma...Read more
WeWork Amends Leases to Emerge from Bankruptcy
WeWork Inc. expects to exit Chapter 11 bankruptcy by late spring, with plans to finalize arrangemen...Read more
RCLCO Launches Tracker for Stadium-Anchored Developments
Los Angeles-based RCLCO Real Estate Consulting on Monday announced the launch of a new pr...Read moreAI-Powered Drug Developer Recommits to 143K SF with Alexandria
Insitro, a machine learning-powered drug discovery and development company, signed an early renewal...Read more
Georgetown Scores a Lowe’s
It's not a difficult proposition. Retail goes to where the people are. And it seems like everyone i...Read more
Discover CEO Resigns After Brief Stint to Lead Ally Financial
Discover Financial Services announced that Chief Executive Officer Michael Rhodes, who took the rol...Read more
Three NorCal X Team Affiliates Form Regional Alliance
A trio of X Team Retail Advisors affiliates in Northern California formed a regional alliance th...Read more