September 2023 – Monthly Newsletter

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In the News
Rite Aid Reportedly Preparing For Bankruptcy Amid Opioid Lawsuits And $3.3 Billion Debt
“Rite Aid is reportedly preparing to declare Chapter 11 bankruptcy, the Wall Street Journal reported Friday, citing unnamed sources…”
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National Rent Growth Turned Negative Year-Over-Year
“National rent growth turned negative for the first time since early in the pandemic, according to Apartment List’s August rent report…”
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A Bright Spot in Commercial Real Estate: Retail Shops
“Retailers are back on track to open 1,000 net new stores in the U.S. this year as retail availability hits record lows, in fresh signs of the sector’s resilience despite turmoil in commercial real estate…”
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Back To School, Back To The Office
“As summer winds down, kids across the country are starting to grumble about going back to school. This year, they might not be alone. Parents are also complaining about having to leave home and go back to the office…”
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Historic Reynolds Tavern on Annapolis Church Circle listed for sale for $4.7 million
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Hyatt Commercial Closes $9.5M Sale of 151 West Street, Annapolis, MD 21401
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What’s New at Hyatt?
Hyatt Facilitates New Deep-Water Terminal
Historic Reynolds Tavern for Sale
$9.5 Million Sale of 151 West Street in Annapolis
Welcoming Four New Tenants to Hitching Post Plaza in Lothian, MD!
Hyatt Facilitates MML’s Strategic Transition with Property Sale and Relocation
Office Ice Cream Social Recap
Reliable Group Celebrates Grand Opening of 7-11 Store on September 8th 
$775,000 Sale of Prime Industrial Land Zoned C4 in Millersville 
Engage with Our Community: Participate in a Series of Exciting Upcoming Events!
Maryland Restaurant Week (MDRW)
Join us at ICSC 2023!

Hyatt Commercial Joins as Host Committee for Annual Blazers Bourbon Cigar Event in Annapolis, with Agent Zach Hester Volunteering!

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