Struggling Macy’s Turns to its Real Estate Assets
With struggling sales and lower profits, department store giant Macy’s is turning to its numerous real estate assets, according to Forbes. Macy’s said it entered into […]
Retail & Office Space
Drug Store CAP Rates Move Higher on Concerns of Walgreens-Rite Aid Merger
A possible merger between drugstore giants Walgreens and Rite Aid is driving drug store cap rates higher, according to Realty Biz News. Cap rates for […]
Manhattan’s Retail Rents Reach $4K PSFT, the Most Expensive in the World
With monthly rents reaching $4,000 per square foot, New York’s Fifth Avenue is the most expensive retail market in the world, according to a report by […]
Office Markets Continue to Tighten – Cushman & Wakefield
Global real estate giant Cushman & Wakefield released its 3rd Quarter Office Market Beat. Among the report’s findings: National Vacancy Rate: Office vacancy rate is 13.2%, […]
Blackstone Buys Portfolio of Logistics Centers for $1.5 Billion
Private equity giant, Blackstone Group, purchased a 12-million square foot portfolio of logistic centers for $1.5 billion from LBA Realty, according to the Wall Street […]