Barnes & Noble used to be the book industry’s villain. Its new CEO wants to make it more like a scrappy indie outpost—596 of them, to be exact.
Fifteen years after its fire-sale purchase of Lehman Brothers’ core assets jump-started its investment-banking business, the British lender is still trying to find its footing.
Yellow, which received a pandemic loan, is winding down operations ahead of an expected bankruptcy filing. The closure of the company would mean the loss of about 30,000 jobs.
A Los Angeles landlord group is taking the city of LA to court in the hopes of getting a quick end to the rent freeze in effect for the city’s rent-stabilized units.
The Apartment Association of Greater Los Angeles filed a complaint this week in Los Angeles County Superior Court seeking to void the rent freeze, which prevents rent increases that would normally be allowed once a year on roughly 650,000 rent-stabilized units – almost three-quarters of the apartments in the city, according to the Los Angeles Times. The percentage that rents on those units can be raised normally changes yearly but can be as much as 8%, based on…
Marcus Partners has sold a Boston-area industrial portfolio for $167M, a rare nine-figure deal in what has become an increasingly slow market.
The firm announced Thursday it sold six warehouse distribution buildings totaling more than 1M SF. It didn’t disclose the buyer, but the Boston Business Journal reported it was Westbrook Partners.
The portfolio consists of three buildings in Franklin — 176, 206 and 210 Grove St. — plus buildings at 1 First Ave. in Peabody, at 17 Gilmore Drive in Sutton and 57 Littlefield Ave. in Avon. Marcus developed the 206 Grove St. building and fully leased it to UPS, and it assembled the rest of the portfolio between 2019…
This series goes deep with some of the most compelling figures in commercial real estate: the deal-makers, the game-changers, the city-shapers and the larger-than-life personalities that keep CRE interesting.
To say that Mainspring founder and President Fiona Arnold has seen it all when it comes to Denver’s economic development is an understatement.
Before founding Mainspring, Arnold worked as the executive director of the Colorado Office of Economic Development and International Trade, which is responsible for creating a “positive business climate” and supporting job growth in the state, according to the agency’s website.
Arnold also spent more than seven years as the general counsel…
Here are some of the major companies whose stocks moved on the week’s news.
The S&P 500 is now up 19% in 2023, after falling 19% in 2022..
The union has barred members from publicizing their work, and without red carpets and the buzz machine in full swing, other studios are likely to follow.
Fundraising shot back up in June for nontraded REITs after a moribund start to 2023, but the money raised was still far less than investors pulled out of the alternative investment vehicles, according to a new report.
Nontraded REITs raised $597M in June this year, up 39% from a low point of $428M in May, according to Robert A. Stanger & Co.
June’s figures bring year-to-date fundraising for nontraded REITs to $7.8B, placing the industry a long way from the $33B it raised during 2022. Redemption requests continue to follow the sector’s fundraising efforts, as investors seek opportunities to draw on returns and…