Site Centers is continuing to shed its retail properties, now selling a Whole Foods Market-anchored shopping center on the Hudson River in New Jersey to Daibes Enterprises for $53.2 million.
Atlanta is looking for developers to create a mixed-use complex with affordable apartments, small businesses and local retailers along the popular 22-mile Beltline walking path that circles the city’s center.
The federal government has put on hold some $18 billion in New York infrastructure projects tied to the Hudson River rail tunnel upgrade and Second Avenue subway extension as it reviews how contracts are awarded.
Asian platform Shein has chosen France to open its first permanent physical stores, a world first and a "commitment to revitalizing city centers", says the brand regularly accused of unfair competition for flooding the market with discount products sold online.
Extended Stay America has secured a $1.9 billion loan commitment to refinance 220 properties across 33 states, marking a significant bet by lenders on the extended-stay hotel sector even as performance metrics decline industrywide.
Pro Real Estate Investment Trust, or Pro REIT, closed a portfolio sale as it moves away from owning retail properties to focus on industrial buildings.
The ongoing diplomatic tension between Ottawa and Washington appears to be benefiting hotel owners as more Canadians who may have planned to vacation in the U.S. are instead choosing domestic destinations for their vacations, leading to an increase in demand for hotel rooms across the country.
Commercial real estate investor Praxis has submitted a planning appication for a major reworking of Preston's Tithebarn Gateway and St John's shopping centre.
The autumn edition of the recently renamed Generate Real Estate Opportunities Retail Conference welcomed a return to real estate following the summer slow down as agents and retailers convened at Old Billingsgate for networking and deal-making.
MANCHESTER, England — While hotels broadly face challenges in terms of demand and increasing costs, there is significant interest from banks and other lenders to deploy their capital in the space.
The trade union German Civil Service Association acquired the 167-room Park Plaza Wallstreet Berlin Mitte from Union Investment for €36 million [$42.3 million], or approximately €215,600 per key, according to a news release.
L'Étoile du Nord Foncière is enjoying life in Belgium's capital. Having recently signed a contract for the headquarters of the Nagelmackers bank in Brussels, the Caisse d'Epargne et de Prévoyance Hauts de France real estate company last week acquired the premises of a future upmarket hotel.
The macro picture for the hotel industry is getting increasingly difficult with weaker demand and increasing costs, and that can create less-than-ideal circumstances as hoteliers navigate budget season.