Commercial Real Estate


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Jake’s 58 (Google Maps, iStock)

Suffolk OTB to acquire Jake’s 58 in $120M deal

When Rudy Giuliani was mayor, he liked to call the city’s Off-Track Betting the only bookie in the world...

Suffolk OTB to acquire Jake’s 58 in $120M deal
(Getty)

Office availability soars in New Jersey in Q1

In New Jersey, office supply far outweighs demand for that space. The Garden State’s office availability rate in the...

Office availability soars in New Jersey in Q1
Photo illustration of Brookfield Property Partners’ Brian Kingston (Brookfield, iStock)
National

Struggling hotel company handing Brookfield the keys

Out of options, a struggling hospitality trust is handing over its control to Brookfield Asset Management through the bankruptcy...

Struggling hotel company handing Brookfield the keys
The rate of loans sent to special servicers continued to fall in March. (Unsplash)
National

CMBS special servicing rate declines in March

The rate of loans sent to special servicers continued to fall in March, showing signs of recovery in several...

CMBS special servicing rate declines in March
JLL CEO Christian Ulbrich. (Getty)
National Weekend Edition

JLL explores sale of China property management wing

JLL is considering offloading one of its global businesses. The Chicago-based firm is exploring a sale of its China...

JLL explores sale of China property management wing
Dollar General CEO Todd Vasos (Retail Industry Leaders Association, iStock)
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,...

Dollar General thrives amid retail apocalypse
Bill Lee (Lee & Associates/YouTube)
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...

Lee & Associates founder Bill Lee dies
The vacancy rate for regional and superregional malls is at an all-time high.  (Getty)
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...

Mall vacancy rate hits all-time high
Gores Group’s Alec Gores and Dean Metropoulos with Sonder CEO Francis Davidson (Getty, Linkedin)
National

Sonder considers going public via SPAC

Add hospitality startup Sonder to the list of companies getting in the SPAC game. The San Francisco-based firm, which leases apartments and turns them into furnished, short-term rentals, is in talks to go public...

Sonder considers going public via SPAC
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