News/Events
Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates
The Mars Wrigley factory has been closed since 2024, with developer McCaffery Interests tapped to redevelop the site.
Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target
The multifamily REIT sold its California properties to an undisclosed buyer as it pivots away from the state and doubles down on Sun Belt growth.
Schuckman Buys Northeast Queens Shopping Center for $56M
Punia & Marx Real Estate sold the Whitestone Shopping Center in Queens for $56 million. BTF Capital Fund, led by Kenneth Schuckman and Aaron Malinsky, purchased the Key Food-anchored property at 153-15 Cross Island Parkway, according to a deed transfer in property records filed Friday. The purchase could be a play for assets tied to…
Churchill Downs Plans To Sell 9 Casinos, Focus On Horse Racing
The horse racing company hired Macquarie Capital to help it sell casinos in Florida, Indiana, Iowa, Maryland, Mississippi, New York and Pennsylvania.
Dwight Capital Provides $24M Refi on New Jersey Multifamily Building
New Jersey developer Fadi Samaan has landed $23.5 million of U.S. Department of Housing and Urban Development (HUD)-backed debt to refinance a multifamily complex in Passaic, NJ., Commercial Observer has learned. Dwight Capital supplied the HUD 223(f) loan on the 104-unit Station at Passaic Phase II development, completed in 2024. The deal, which was originated…
Developers Riding The Surf Park Wave With Resorts, Retail And Residences
The $4B industry is adding new parks every year and expanding the scope of developments to include restaurants, bars, hotels and even homes.
Report: Has Brexit Been a Boon to the UK?
On June 23, 2016, citizens turned out in a national referendum to decide whether the United Kingdom should withdraw from the European Union. After the dust settled, 51.89% voted in favor of departing, while 48.11% voted to “Remain.” By December 2020, the UK officially left the EU. Ten years after the highly contentious vote that…
More Hotel Owners In Need Of Cash Are Getting It From The Big Brands
The payments help sweeten the pot for investors looking to boost their margins in a tough market.
Tom Giordano of Suffolk Construction: 5 Questions
From a young age, Tom Giordano, general manager of the New York region for Suffolk Construction, had one goal. That was to follow in his uncle’s footsteps and become a lawyer to benefit his community. After going from litigation to representing general contractors, developers and design professionals on legal matters, he joined Morse Diesel Construction…
