Top News for Real Estate Pros
Bank of America, Wells Fargo, JPMorgan Chase To Close Dozens of?Branches
美国银行 is slated to shutter 20 branches, while 富国银行 has already closed 15. Additionally, 摩根大通 , U.S. Bank and several smaller banks have also recently closed or are in the process of closing branch offices across the country.
Top Five Floors of Water Tower Place Mall in Chicago Go Up for Sale in?Conversion
MetLife Insurance, the owner of Chicago's Water Tower Place, has hired 仲量联行 brokers to sell or lease out the top five floors of the shopping venue as office space or for other uses, thus reducing the vertical mall pioneer to a three-story property.
Netflix Plans To Premiere Branded Stores After Trying Out?Pop-Ups
Netflix plans to open its first two permanent Netflix House locations in 2025, featuring merchandise from popular shows and an in-house restaurant serving themed food and drinks.
领英推荐
Rite Aid Looks To Reject 347 Store Leases as Part of Its Bankruptcy?Proceeding
RITE AID said closing underperforming locations is a crucial part of the financial reorganization it is undertaking as part of its filing for Chapter 11 bankruptcy protection and it will be accepting bids for its retail operations. The auction date for that process will kick off next month.
Prologis Lowers Earnings Outlook As Global Warehouse Demand?Drops
Prologis executives told investors during its recent earnings conference call that concerns about the economy, rooted in rising interest rates and geopolitical upheaval, are causing some companies to delay leasing and development decisions. The company slightly pulled back its outlook for per-share profit this year to between $3.30 and $3.35 from the earlier $3.30 to $3.40.