Real Estate News

Saggio Realty Announces Milestone Linked to Sale of Marco Island’s CVS-Anchored Plaza

Mike Rivera Of Naples Fl Congratulates Hendricks Commercial Properties on Exceptional Return From Sale of Marco Island’s CVS-Anchored Island Plaza

Marco Island, Florida, Feb. 13, 2026 (GLOBE NEWSWIRE) -- Saggio Realty proudly congratulatesHendricks Commercial Properties on the successful sale of Island Plaza, the approximately 79,000-square-foot CVS-anchored retail center located at 3058-3078 Bald Eagle Drive,, Marco Island, which closed in late 2025 for $26.6 million.

Armada Hoffler Unveils Bold New Strategic Direction to Drive Long-Term Shareholder Value and Launches as AH Realty Trust

Executing a fundamental business restructuring to eliminate complexity, strengthen the balance sheet, and relentlessly focus on operating a streamlined real estate platform:

Exiting the multifamily property sector to unlock embedded value, reduce leverage and sharpen focus on retail and office properties Divesting construction and real estate financing businesses Aligning long-term performance with shareholder value creation through redesigned executive compensation structures Launching AH Realty Trust, effective March 2, 2026, a new corporate identity that reflects the fundamental restructuring of the business Launching under new NYSE tickers, AHRT and AHRT-PrA, effective March 2, 2026

VIRGINIA BEACH, Va.

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