Author Archives: Mike Pallerino

Save A Lot deals another 6 stores to Yellow Banana

Yellow Banana has reached a deal to buy another half-dozen of Save A Lot’s corporate-owned stores as the grocer continues its ongoing transition to a wholesale business model. In September, Yellow Banana acquired 32 Save A Lot sites in Cleveland, …

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Brookshire to acquire 17 Reasor’s stores in Oklahoma

Brookshire Grocery, which operates 200 stores under four banners in Arkansas, Louisiana and Texas, has announced it will acquire 17 Reasor’s stores in Oklahoma. Although the sale price was not disclosed, the deal is expected to be completed early next …

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Meetings Collection launched by Wyndham at 8 sites

As its name implies, The Meetings Collection, new from Wyndham Hotels & Resorts, aims to host streamlined gatherings through the chain’s Wyndham Business arm. Eight US properties offering 900,000 square feet of meeting space and more than 4,400 guestrooms will …

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Houston Med Center shares space with ‘lunar’ hotel

The 16-story Blossom Hotel Houston has added its lavish accommodations to the city’s vibrant Medical Center, featuring 267 luxury units, a rooftop bar and pool and an aerospace-themed design. Fine dining with two Michelin-recognized chefs is on the menu for …

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Bed Bath & Beyond to open shops in Kroger stores

Bed Bath & Beyond will start selling some of its home goods on Kroger‘s e-commerce site and at in-store shops at select Kroger supermarkets starting next year. The partnership is part of a larger turnaround effort at Bed Bath & …

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CVS sees primary care practices in its future

CVS Health‘s next move in its mission to continually expand its health care service offerings and cut costs for patient care will include hiring physicians to staff primary care practices. The retailer, which said shoppers have continued to return to …

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Miami joins roster of major markets for AKA hotels

AKA, the hospitality division of Korman Communities has recently announced its newest venture, Hotel AKA Brickell. AKA has been an integral force in the long-stay industry, offering hotel residences for weeks to months. This is AKA’s first hotel in Miami, …

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Boston Properties working on major projects in DC area

Boston Properties has completed the first 285,000 square feet at the Reston Next development, which will be anchored by Fannie Mae, according to The Business Journals. The project is part of the REIT’s $1.2 billion investment in the Washington, D.C., …

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Franchisee Sun Holdings buys 131 Applebee’s units in 14 states

Sun Holdings Inc., one of the nation’s largest franchise operators, has acquired 131 Applebee’s units, adding the casual-dining concept to its family of brands, Dine Brands Global Inc. Nation’s Restaurant News

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Pandemic accelerates AI to give developers more predictable outcomes

The global pandemic has been a catalyst for tech adoption in the commercial real estate industry. The unexpected disruptions that spread through the market was a wakeup call for tech-averse firms more comfortable with gut-instinct handshake deals, than data-driven decisions …

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