US apartment rent growth flattens in July
Midwest and Northeast outpace lagging Sunbelt markets
U.S. apartment rent growth continued to slow in July, with more than half the nation’s 50 biggest multifamily markets seeing month-over-month declines.
Weichert campus in North Jersey to be redeveloped as office, retail space
Self-storage facility also planned for property
Weichert Development has kicked off the redevelopment of its corporate campus in Morris County, New Jersey, a mixed-use project that will include retail, office and self-storage sp...
Peloton steps up rollout of new micro-stores
10 are planned, while full-sized showrooms dwindle to 13 locations
Peloton Interactive is going bigger with going smaller when it comes to its stores.
Claire’s identifies over 1,100 stores to potentially close in bankruptcy
Tween retailer and mall staple warns it could liquidate after second Chapter 11 filing
Tween retailer Claire's has identified over 1,100 U.S. stores for possible closing and warned it may be forced to liquidate after seeking bankruptcy protection a second time. It's ...
Mall landlord Simon raises outlook as tariff worries ease
REIT sees steady leasing, demand from retailers
Simon Property Group raised its guidance for the rest of the year as concerns about tariffs begin to wane, with the biggest U.S. mall landlord seeing a solid performance from its p...
Wayfair’s luxury banner Perigold joins retailer’s brick-and-mortar expansion
Digital native firm also set to roll out more namesake stores
Home decor and furniture retailer Wayfair is expanding its physical footprint, rolling out more of its namesake stores and debuting the first brick-and-mortar locations for its lux...
Bain, 11North Partners acquire 10 Southeast shopping centers for $395 million
Most of the portfolio is anchored by Publix grocery stores
Bain Capital and 11North Partners have acquired a portfolio of 10 open-air retail centers across Florida and South Carolina for roughly $395 million, as grocery-anchored properties...
CoreWeave acquires part of NEST innovation hub in North Jersey for $322 million
Cloud computing provider plans $1.2 billion data center on property
Cloud computing firm CoreWeave is paying $322 million to acquire the North Jersey property where it plans to invest $1.2 billion to build a data center, marking one of the Garden S...
American Dream megamall gets $850 million sliced off its tax assessment
North Jersey retail complex wins appeal of its valuation
A judge has slashed the assessed value of New Jersey’s American Dream megamall by roughly $850 million following an appeal by the development's landlord.
Kimco sells California Home Depot store for $49.5 million
REIT plans to use proceeds to buy grocery-anchored center
Kimco Realty has sold a Home Depot-anchored center in California for $49.5 million as it joins the ranks of retail landlords who are shedding properties that don't have high-growth...
URW to sell US airport concession business to Mexican company for $295 million
Mall owner strikes deal with airport operator Grupo Aeroportuario del Sureste
Unibail-Rodamco-Westfield is selling its airport retail business for $295 million to a Mexican airport operator as the global mall giant continues to divest noncore properties in i...
Kushner, National Real Estate land $255 million refinancing for Jersey City tower
Luxury Journal Squared III apartments opened last year
Kushner Real Estate Group and National Real Estate Advisors have obtained a $255 million refinancing for the third and final tower of their luxury apartment complex in Jersey City,...
CBL acquires four malls for $178.9 million as retail landlords upgrade their portfolios
Deals heat up as REITs shed some properties to grab better performers
CBL Properties has acquired a portfolio of four malls for $178.9 million as retail landlords accelerate their efforts to swap out noncore properties for better performers with grow...
Reopened Sears in Burbank, California, is said to be closing after comeback
One-time national chain could end up with just three locations following slew of recent activity
Sears stores are inching closer to extinction.
Brixmor picks up Houston-area shopping center for $223 million
REIT adds to group of retail properties it has concentrated in market
Brixmor Property Group has acquired a grocery-anchored lifestyle center for $223 million in the Houston area, where it already has a cluster of retail properties.
Blackstone executive among those killed by gunman at firm’s New York headquarters
Wesley LePatner served as CEO of Blackstone Real Estate Income Trust
A Blackstone executive who this year took the helm of the investment giant's private real estate investment trust was among those killed when a gunman opened fire at the company's ...
J.C. Penney trust explains $947 million sale of store portfolio to private equity
Onyx was right bidder after more than 700 inquiries, Copper Property says
The trust that's selling a portfolio of 119 J.C. Penney stores for $947 million explained its choice of a buyer Monday, saying it was the best way to divest the properties after ge...
Portfolio of 119 J.C. Penney stores finds buyer for $947 million
Boston-based Onyx Partners agrees to all-cash deal
A portfolio of 119 J.C. Penney stores is slated to be sold for $947 million to a private equity firm, roughly five years after the iconic national chain filed for bankruptcy protec...
Mapletree kicks off construction of industrial property in Philadelphia suburbs
Singapore company has been expanding and selling parts of its US portfolio
Singapore-based Mapletree Investments has broken ground on a state-of-the-art industrial facility in a Philadelphia suburb of New Jersey.
Brookfield veterans plan $1.5 billion multifamily project for New Jersey waterfront
Startup Esen maps out three-tower development for Jersey City
A new real estate firm launched by veterans of Brookfield Properties has slated its inaugural project for the Hudson River waterfront, a $1.5 billion development in Jersey City, Ne...