Steven Roth Offers To Resign From REIT Board After Losing Shareholder Vote

One of the giants of the real estate world has offered to resign his seat as the chairman of the board of one of the publicly traded real estate investment trusts he helped found. A majority of JBG Smith’s shareholders voted Thursday to remove Vornado CEO Steven Roth from the REIT’s Board of Trustees.  The vote came at the REIT’s …

Steven Roth Offers To Resign From REIT Board After Losing Shareholder Vote Read More »

Lennar Pitches 470-Unit Project On Richmond Highway

A new multifamily project is moving forward on Richmond Highway near one of the planned bus rapid transit stations where Fairfax County has envisioned high-density development.  Lennar Multifamily Communities this week filed plans with the county for a 470-unit project on a 7.6-acre site near the intersection of Richmond Highway and North Kings Highway.  The property currently consists of several …

Lennar Pitches 470-Unit Project On Richmond Highway Read More »

Hanging On By The Skin Of Their Teeth: Remnants Of Once-Large Restaurant Chains

Even before the coronavirus pandemic, the restaurant business was a tough one, with an estimated 60% of new locations closing within a year, and 80% failing within five years. Even some of the most successful chains can enter a period of decline and fall for any number of reasons, such as long-term mismanagement, failing to adapt …

Hanging On By The Skin Of Their Teeth: Remnants Of Once-Large Restaurant Chains Read More »

Owner Of Mall Near Amazon HQ2 Lands $450M Refinancing Deal

A mixed-use use property near Amazon HQ2 featuring a shopping mall, hotel and office building is the collateral behind a huge new CMBS loan.  The owner of Fashion Centre at Pentagon City, a joint venture of Simon Property Group and Institutional Mall Investors, landed $455M in CMBS debt from Wells Fargo, Commercial Observer reported, citing a Fitch …

Owner Of Mall Near Amazon HQ2 Lands $450M Refinancing Deal Read More »

The Innovators: Apprise

In this series, Bisnow highlights people and companies pushing the commercial real estate industry forward in myriad ways. Click here to read Q&As with all the innovators Bisnow has interviewed so far. For decades, the appraisal industry — an important cog in the commercial real estate ecosystem — has operated with a largely manual workflow, with appraisers using …

The Innovators: Apprise Read More »