ICE paid $129.3 million for New Jersey warehouse set for use as detention center
Latest government acquisition continues to spark controversy in Garden State
U.S. Immigration and Customs Enforcement paid $129.3 million for a warehouse in North Jersey that it plans to use as a detention center, part of a government acquisition spree that...
Here are the restaurants Burger King’s owner is adding. Hint: They’re not Burger Kings.
In North America, RBI will roll out more Firehouse Subs, Popeyes and Tim Hortons
Restaurant Brands International is looking to fuel its growth by opening 1,800 restaurants a year by 2028, driven by its Popeyes, Firehouse Subs and Tim Hortons chains rather than ...
Cava aims for 1,000 restaurants on its menu by 2032
Mediterranean chain looks to hit pace of 100 openings a year
Mediterranean restaurant chain Cava has set a target of having more than 1,000 locations by 2032 despite the bumps the fast-casual dining sector is experiencing.
Planet Fitness to bulk up with nearly 200 new clubs this year
Growing chain targets next generation of health enthusiasts
Planet Fitness plans to open nearly 200 clubs this year, focusing on space once occupied by struggling retailers and targeting the next generation of fitness enthusiasts for its me...
ICE’s purchase of New Jersey warehouse for detention center sparks concern
Debate mirrors opposition to such conversions across the nation
U.S. Immigration and Customs Enforcement is on a nationwide buying spree of warehouses to use as detention centers, now picking up one in Northern New Jersey in a deal that's drawn...
Veris’ pivot from high-profile offices to apartments capped by this go-private deal
New Jersey REIT to be bought by Affinius-led investor group
Veris Residential is getting bought for $3.4 billion in cash by an investor group led by Affinius Capital, capping the company's transition from New Jersey's biggest office landlor...
Saks Global and its biggest landlord, Simon Property, clash over two stores
But some retail property owners pull objections to bankruptcy financing approval
Saks Global, the luxury retail conglomerate, has resolved initial disputes with a number of mall owners over unpaid rent as part of its Chapter 11 bankruptcy case. But it's still b...
Eddie Bauer taps RCS as real estate adviser in bankruptcy process
Firm to help retailer navigate possible sale, portfolio assessment
Struggling retailer Eddie Bauer has tapped RCS Real Estate Advisors to help it through its Chapter 11 bankruptcy proceeding, store closings and a possible sale.
Furniture retailer American Signature to liquidate in wake of Chapter 11 filing
Roughly 90 stores, distribution centers are being marketed
National furniture retailer American Signature is on its way to liquidation as roughly 90 of its remaining stores and warehouses across more than a dozen states officially go on th...
Walmart: Stores play big role in online sales growth
Discounter reports double-digit e-commerce gains, more affluent shoppers
Walmart's stores are playing a crucial role in fulfilling the discount giant's online orders while helping to drive double-digit e-commerce growth.
Merus buys Nashville-area mall with extensive redevelopment planned
Reimagined property includes large housing component
Developer Merus has scooped up a Nashville, Tennessee-area mall that it plans to redevelop as a $450 million mixed-use property with nearly 900 housing units and 130,000 square fee...
Ikea adds four more stores to its 2026 US growth push
Global Swedish furniture retailer now plans 10 new locations for this year
Global furniture retailer Ikea has bumped up the number of U.S. stores it plans to open this year, adding four more for a total of 10 locations.
Next-gen digital content studio to debut at historic silk mill in New Jersey
E! Entertainment co-founder plans to invest more than $250 million in project
New Jersey is getting another TV studio, with a co-founder of E! Entertainment Television planning to invest more than $250 million to convert a historic former silk mill in Paters...
Kite sells nine shopping centers in last quarter
REIT sheds large properties to focus on small neighborhood centers
Kite Realty Group closed on the sale of a shopping center portfolio and a Phoenix retail property for roughly $475 million in the fourth quarter as it looks to shift away from larg...
Retail landlord CBL enters talks to return properties to lenders
Tennessee REIT plans to cooperate in disposition of two malls and a shopping center
Retail landlord CBL Properties anticipates it will be returning a mall and an open-air shopping center to their lenders and is also in talks about a third possible foreclosure.
New owner plans to reinvest in, improve Rockland County mall
Black Diamond says it has a long-term strategy for the property
The new owner of one of the biggest U.S. malls plans to hold onto it for the long run and to make improvements to the debt-burdened property.
New brokerage Icon debuts with $35.1 million sale of apartment complex
Gebroe-Hammer veterans aim to do business in the Mid-Atlantic
Two former brokers at Gebroe-Hammer Associates have launched a new firm and done their first deal there, the $35.1 million sale of an apartment complex in Piscataway, New Jersey.
Bayonne, New Jersey, logistics facility obtains $86.2 million bridge loan
JLL arranges financing for landlord Bridge Industrial from Barings
A warehouse-and-distribution facility in Bayonne, New Jersey, that serves the port area has landed $86.2 million in bridge financing.
One of the biggest US malls sells for steep discount at auction
New York property's debt holder Black Diamond submits only bid for Palisades Center
A troubled mall in Rockland County, New York, has sold for a song to its debt holder.
Amazon under contract to buy part of Sunrise Mall for a distribution center
Urban Edge to move forward with redevelopment of Long Island property
Plans are moving forward for e-commerce juggernaut Amazon to once again use a former mall for a distribution facility, with a planned redevelopment on Long Island, New York.