Foot Locker Inc. has leased 111K SF in St. Petersburg, Florida, for its new headquarters.
The footwear and apparel retail company with about 2,500 national locations will take residence in The Feil Organization’s Class-A office building at 570 Carillon Parkway, giving up its former New York City HQ as part of a move first announced last year.

Ares Management Corp. picked up an Atlanta apartment complex in a deal that shows institutional investors aren’t worried about multifamily oversupply.

Nuveen appointed Chad Phillips as its new Global Head of Nuveen Real Estate, effective immediately.

Longpoint Partners turned a tidy profit on a warehouse in Miami Gardens, flipping the industrial facility for $15M more than its purchase price four years ago.

A Newmark appraisal division that had been seeking damages from a former Chicago-based appraiser for allegedly misappropriating documents has reached a settlement agreement with its one-time employee, according to court records. 

Down on the French Riviera earlier this month, institutional investors were lining up to tell anyone who cared to listen that they wanted to make their first forays into the UK and European data centre market in 2025. Behind the existential vibes about Cold War 2.0 and the continentwide living crisis that gripped MIPIM, data centres were having a moment.
An asset class once the domain of the globe’s biggest private equity businesses and infrastructure investors is now set to be fuelled by more traditional real estate and institutional players. But there is a “but,” and it’s a big one.
While 2025 should shape…

The reigning WNBA champions are getting ready to put another jewel in their crown.

As the applications for artificial intelligence continue to grow, the demand for data centers is growing along with it. Goldman Sachs Research predicts that global power demand from data centers will increase 50% by 2027 and by as much as 165% by 2030, driven in large part by the rise of generative AI. 
According to Steve Altizer, president and CEO of mission-critical infrastructure solutions provider Compu Dynamics, this growing demand and the changing needs of data center end users pose unique challenges for the commercial real estate industry. 
“End-user requirements are evolving faster than many traditional data center owners can or will adapt,” he…

Department store giants like Macy’s and JCPenney have been shuttering stores left and right as a yearslong apocalypse for the one-time mall staples continues to claim victims.
But one Pennsyvania-based chain is managing to not just stay afloat. It’s in expansion mode.
Boscov’s, the nation’s largest family-owned department store chain, announced Friday that it plans to open its 51st store in The Mall at Greece Ridge outside Rochester, New York, sometime this fall. 
The 175K SF outpost will create 250 new jobs, according to a press release from the company based in Reading, where current CEO Jim Boscov’s grandfather Solomon founded it in 1914.
The department sector’s woes have often…

Artificial intelligence cloud provider CoreWeave’s initial public offering may have underwhelmed, but whether its disappointing public launch is a harbinger of looming trouble for the AI and data center ecosystem remains to be seen.