Detroit City Council approves revised recreational marijuana ordinance

Detroit — Two years after the city opted to allow recreational marijuana, Detroit’s City Council approved a new, more-inclusive ordinance in an effort to award licenses for recreational-use dispensaries in Michigan’s largest city. The

Seeking Reliable Real Estate Businesses, Investors Give Laundromats A Spin

Coin laundries have long been one of the few recession-proof businesses. After all, we all need to do laundry. There’s debate as to whether the recession-proof nature applies even during a pandemic. But it’s not deterring some from opening new

Bed Bath & Beyond Sells Cost Plus World Market

Bed Bath & Beyond Inc. BBBY, -1.14% announced Monday that it has entered into a definitive agreement to sell Cost Plus World Market for an undisclosed amount to Los Angeles-based private-equity firm Kingswood Capital Management. The deal includes 243

‘This Too Shall Pass’: 43 Real Estate Execs On The Biggest Lessons Of 2020

The last 280 days of the coronavirus pandemic have been unprecedented, unimaginable and tragic in countless ways. From an economic perspective, where we work, where we eat, where we shop — where we do anything — is still mostly in flux. It’s anyone’s

Public Storage has acquired 24 properties with 2.3 million square feet of space from Beyond Self Storage in the first phase of a 36-property portfolio transaction totaling 3.6 million square feet and valued at $528 million. The first phase includes existing

Apartment Investors Mull Opportunities in Distressed Malls

Apartment dealmakers may find an opportunity to build new apartments around the shells of under-performing or empty regional malls. Hundreds of troubled shopping malls may be seized by lenders over the next year, experts say. “In the current market with the

NYC Poised for 2021 COVID Comeback with Major Real Estate Developments

Amid rising COVID cases and looming lockdowns, my fellow New Yorkers should take heart — because we will have a greater city to look forward to once this pandemic’s over. Although the flight from the Big Apple, increasing crime, and possible MTA cuts are

Historic Brooklyn Hotel Reopens as Luxury Senior Community

The first new luxury retirement community in New York City in 20 years has opened its doors. The Watermark at Brooklyn Heights is a joint venture of Kayne Anderson Real Estate,  Watermark Retirement Communities and Tishman Speyer. A lending consortium that