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...
Commercial Real Estate
The Latest
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...
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...
National
Medical offices are just what the doctor ordered for landlords
Medical offices have been a bright spot for real estate investors during the pandemic, despite the fact that telehealth...
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...
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...
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,...
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...
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...
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...
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