Top News for Real Estate Pros
Two Decades After Selling Chicago River Office Tower, Boston Firm in Talks To Buy It Back at Discount
Two decades after selling a 36-story office building at the confluence of the north and south branches of the Chicago River, Beacon Capital Partners is in talks to buy it back at a big discount to previous prices.
Cushman & Wakefield Bets Dealmaking Will Pick Up This Year Despite Persistent High Interest Rates
Cushman & Wakefield is sticking to expectations that leasing should be relatively stable and capital markets will start to recover sometime in the second half of the year, despite inflation failing to drop as quickly as hoped, dealing a setback to the chance, some analysts say, that the Federal Reserve will begin cutting interest rates.
KKR Reaches Billion-Dollar Deal for Blackstone Student-Housing Portfolio
KKR has agreed to buy a $1.64 billion student-housing portfolio from Blackstone, consisting of 19 properties, with 14 of them located near four-year public colleges in 10 states, most of which are a short walk to campus.
WeWork Proposal Calls for Exiting New York Headquarters With New Majority Owner
WeWork rejected its New York headquarters lease and said real estate software firm Yardi will become its majority equity owner after Yardi agreed to fund most of the flexible workplace provider's new financing needs to exit bankruptcy.
Here’s a Look at the Locations of Rite Aid’s Nearly 400 Planned Store Closings
The number of pharmacies that RITE AID plans to close has swelled to 367 in the past few weeks, according to an analysis by Retail Specialists, a commercial real estate firm.
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