The transaction market for Chicago office properties is roaring back to life as the new year gets underway, with two more buildings reportedly changing hands in deals that include the largest downtown office property sale by square footage in nearly three years. Read more at Bisnow.
Peak Pickleball opened its doors to the public earlier this month inside of the Chapel Hills Mall as one of the largest privately-owned indoor pickleball facilities in the world. Read more at KRDO.
Barbara Shiels, of Meriden, and Kelly Korwek, of Hamden, trekked to the Meriden Mall this weekend to be among the first to use the courts at the newly opened Club Pickleball. Read more at CT Insider.
The future of malls in Colorado Springs is at a pivotal point, as safety concerns at The Citadel rise and the Chapel Hills Mall sees more department stores closing up shop. Read more at KOAA.
In 2019, DRA Advisors dropped $73.7 million for more than 630,000 square feet of office space in downtown Minneapolis. Five years later, DRA sold the same property for 91% less than what it bought the space for.
An entity in Great Neck, New York, called Namdar Realty Group has purchased the two office buildings located at 900 and 920 Second Ave. S. for $6 million from a group related to DRA Advisors called G&I IX OIC LLC. Read more at Finance & Commerce.
(COLORADO SPRINGS) — As the Citadel Mall in Colorado Springs works to make safety improvements, two 18-year-olds are hoping to bring families back to the mall by opening their frozen yogurt shop. Read more at Fox21News.
Namdar Realty Group, a commercial real estate investment and management firm based in New York, purchased Westgate Mall in Spartanburg for over $15 million May 23. Read more at Upstate Business Journal.
In late 2022, it was announced that the former Sears space at the Acadiana Mall would be transformed into a new self-storage facility along with a car wash. However, the car wash aspect of the project has since been canceled, leaving only the self-storage component. Read more at Developing Lafayette.
Pickleball is coming to the mall.
Peak Pickleball, a 24-court complex that its owner says will be the nation’s largest privately owned, indoor pickleball facility, will take over the vacant Burlington department store at the Chapel Hills Mall, northeast of Academy and Briargate boulevards in northern Colorado Springs. Read more at The Gazette.
