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December 26, 2024 | By Christopher GoodwynWicker Park Capital nets $10 million profit in sale of suburban Atlanta shopping center

Shaked Acquisitions buys Cobb Place near Kennesaw State University

Wicker Park Capital Management has sold a suburban Atlanta shopping center for $10 million more than it paid half a decade ago, according to CoStar data.

December 26, 2024 | BY CHRISTOPHER GOODWYN
December 26, 2024 | By Jonathan LehrfeldBrandywine Realty Trust starts to exit DC-area office market

REIT, partners sell mixed-use tower near the nation’s capital as well as a portfolio in Richmond, Virginia

A real estate investment trust that said it intended to exit the Washington, D.C.-area office market is taking steps to do just that.

December 26, 2024 | BY JONATHAN LEHRFELD
December 26, 2024 | By Lou HirshHoliday retail spending rises; Pickleball complex planned for former Big Lots; Jobless claims edge lower

What you need to know to start your day

Holiday retail spending rises

December 26, 2024 | BY LOU HIRSH
December 26, 2024 | By Jovan RichardsShopping center sells in Alabama

Shore Oaks Shopping Center sold in Daphne

Kleban Properties, a Connecticut-based commercial and residential real estate firm, sold a shopping center near Birmingham, Alabama.

December 26, 2024 | BY JOVAN RICHARDS
December 26, 2024 | By Kristian GravenorSlate Office REIT rebrands, appoints new CEO

Embattled Toronto real estate investment trust renames itself Ravelin Properties REIT

Slate Office REIT is set to get a new chief executive and name.

December 26, 2024 | BY KRISTIAN GRAVENOR
December 26, 2024 | By Christopher GoodwynFTK Capital nabs suburban Atlanta office park

WePartner sells Phoenix Park near Hartsfield–Jackson Atlanta International Airport

A New York investment firm is expanding in the Southeast with a deal for an eight-building office park just south of Hartsfield–Jackson Atlanta International Airport.

December 26, 2024 | BY CHRISTOPHER GOODWYN
December 26, 2024 | By Amelia AdairLee & Associates industrial broker promoted to vice president

Christopher 'CJ' Griffith elevated from senior associate in Central Florida office

Christopher Griffith was promoted to vice president with Lee & Associates Central Florida.

December 26, 2024 | BY AMELIA ADAIR
December 26, 2024 | By Kelly ZagrodBeauty Empire signs 20-year lease in Houston

Beauty supply store leases more than 30,000 square feet in Willowbrook

Beauty Empire, a beauty supply store known for its wide selection of beauty and hair-care products, has signed a 20-year lease in Houston.

December 26, 2024 | BY KELLY ZAGROD
December 26, 2024 | By Savannah EllisQuality Inn sells to private buyer near Oklahoma City

151-room hotel near University of Science and Arts of Oklahoma trades hands

The Quality Inn in Chickasha, Oklahoma, has been sold for $4.2 million to a private individual.

December 26, 2024 | BY SAVANNAH ELLIS
December 26, 2024 | By Andy PetersConstruction to begin next year on tallest apartment building in Des Moines, Iowa

Proposed 515 Walnut project adds to growing pipeline of residential units being built downtown

Construction is set to begin early next year on the tallest residential building in Des Moines, Iowa, on the site of a former downtown mall.

December 26, 2024 | BY ANDY PETERS
December 26, 2024 | By Taylor HickokFinal buildings at 130 Crossing completed near Austin, Texas

Stream Realty and Ironwood Realty Partners finish construction on Pflugerville industrial park

Ironwood Realty Partners, one of Dallas-Fort Worth’s top industrial developers, has completed the eighth property in the 130 Crossing industrial park.

December 26, 2024 | BY TAYLOR HICKOK
December 26, 2024 | By Brannon BoswellRents jump on LA's famed Rodeo Drive despite global luxury sales decline

LVMH, high-end labels invest in Los Angeles' priciest retail street

Against a global backdrop of declining luxury retail sales, Rodeo Drive in Los Angeles is enjoying a full roster of tenants paying rent prices that are outpacing other high-end sho...

December 26, 2024 | BY BRANNON BOSWELL
December 26, 2024 | By Sally OFerrallLondon, England-based fintech company signs Austin, Texas, office lease

Wise to occupy two floors in Domain Tower 2

Wise, a London, England-based fintech firm, is expected to occupy floors 16 and 17 of Domain Tower 2 beginning in July.

December 26, 2024 | BY SALLY OFERRALL
December 26, 2024 | By Alex GlombTampa distribution property fully leased six months after completion

Two tenants sign equal-sized deals in one-month span

Two tenants have signed leases in the last month and will each occupy half of an industrial property in Tampa Bay, Florida.

December 26, 2024 | BY ALEX GLOMB
December 26, 2024 | By Garry MarrMike Underwood started as gopher, went on to dig in dirt for decades

Woodfield Development partner slowly handing reins of multifamily firm to son

Mike Underwood started as a gopher, and during his decades-long career that has included founding a development company, he has overseen a lot of digging in the dirt.

December 26, 2024 | BY GARRY MARR
December 26, 2024 | By Jeannie TobinDenver office market looks to turn the corner in 2025

Five key takeaways for the market

At 17.2%, Denver has one of the highest office vacancy rates among major U.S. markets. Low office utilization has plagued nearly every market in the country, but Denver is more sus...

December 26, 2024 | BY JEANNIE TOBIN
December 26, 2024 | By Danny KhalilTide may be turning for San Antonio’s office market

Several key indicators have shifted positively over the past few months

Despite the omnipresent turmoil that has plagued the national office market for nearly five years, a few key indicators are now displaying signs of cautious optimism in some pocket...

December 26, 2024 | BY DANNY KHALIL
December 26, 2024 | By Danny KhalilAverage weekly earnings soar in San Antonio

Worker pay increasing faster than in almost every other major US market

Average weekly earnings for private-sector workers grew faster in San Antonio than in all but one of the nation’s forty largest metropolitan areas between October 2023 and October ...

December 26, 2024 | BY DANNY KHALIL
December 26, 2024 | By Randyl DrummerAmazon's $2.2 billion commitment to housing comes in small bites

Tech giant's fund helps create 21,000 affordable housing units near corporate hubs

For an example of what Amazon has done with the Housing Equity Fund it launched nearly four years ago, look no further than the tech giant’s backing of an affordable housing projec...

December 26, 2024 | BY RANDYL DRUMMER
December 26, 2024 | By Jan FreitagWhat to watch in 2025: Hotels employ fewer workers than in 2020, and that's unlikely to change

Hospitality sector is juggling wages, inflation and politics

The U.S. hotel industry lost workers during the pandemic, but despite a slow and steady rebound in worker headcount, the outlook for staffing growth is muted.

December 26, 2024 | BY JAN FREITAG
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