National
Dollar General thrives amid retail apocalypse
Don’t tell Dollar General that brick-and-mortar retail is dead. The retailer plans to open 1,050 new stores this year,...
Commercial Real Estate
National
Lee & Associates founder Bill Lee dies
Bill Lee, who founded the commercial real estate brokerage Lee & Associates, died on April 5 at the age of 78. His eponymous firm confirmed the news via an obituary on its website. The...
Soho House files confidentially to go public
Soho House is once again taking steps to go public. The exclusive members-only club this week submitted a confidential...
Manhattan retail market awaits recovery as vacancies rise in Q1
Manhattan’s retail market started 2021 the same as it ended 2020 — with bad news in the form of...
Coney Island Wonder Wheel reopens
An excursion synonymous with summer in New York City is back. Coney Island’s iconic amusement park will reopen today as its famous Wonder Wheel starts turning, the Brooklyn Paper reported. “It’s exciting, but at...
National
McDonald’s to shutter hundreds of Walmart outposts
As fast-food restaurants with drive-throughs have gained popularity, those without have waned. Now, McDonald’s is planning to close hundreds...
These were the largest Manhattan real estate loans in March
The 10 largest Manhattan real estate loans recorded in March totaled $1.95 billion, more than double February’s total and...
National
Mall vacancy rate hits all-time high
It’s not just office and residential landlords who need to worry about soaring vacancy rates. The vacancy rate for regional and superregional malls hit 11.4 percent in the first quarter of 2021, the highest...
Rudin teams up with Industrious for flex-office play
The Rudin family is experimenting with flex-office spaces at one of its Manhattan properties. The family real estate firm...
Los Angeles
Big on Bitcoin: Caruso now largest real estate firm to accept rent in cryptocurrency
Rick Caruso’s eponymous real estate firm is embracing cryptocurrency. The Fairfax-based investment company will begin accepting rent payments in...