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CBRE Acquires J&J Worldwide Services for $800 Million

CBRE Acquires J&J Worldwide Services for $800 Million

by Phil Hall | Feb 5, 2024 | Commercial Real Estate News, Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

CBRE Group Inc. (NYSE:CBRE) is paying $800 million in cash to acquire J&J Worldwide Services, a provider of engineering services, base support operations and facilities maintenance for the U.S. federal government, from Arlington Capital Partners, a Washington,...
JLL to Market NYC’s Roosevelt Hotel After the Migrants Leave

JLL to Market NYC’s Roosevelt Hotel After the Migrants Leave

by Phil Hall | Feb 5, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

New York City’s Roosevelt Hotel, a historic venue that establishment that is now housing serving as the centralized intake center for the waves of illegal immigrants being brought into the city, will have a new life as a mixed-use project after the city’s lease on the...
Lennar Begins Sales for Master-Planned Community in Florida

Lennar Begins Sales for Master-Planned Community in Florida

by Phil Hall | Feb 5, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The homebuilder Lennar is now selling at Stonegate Preserve, a new master-planned community in Palmetto, Florida, with a grand opening expected by this summer. According to the company, floorplans range from 2,189 to 3,868 square feet, with three to six bedrooms and...
Hits and Misses for the Real Estate Week of Jan. 29-Feb. 2

Hits and Misses for the Real Estate Week of Jan. 29-Feb. 2

by Phil Hall | Feb 2, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A $70 million settlement in a controversial lawsuit, a celebrity football player as a potential neighbor and a big win for gas stove lovers. From the wild and wooly world of real estate, here are the Hits and Misses for the week of Jan. 29-Feb. 2. Hit or Miss,...
Former Blackstone Executive Launching $1 Billion Real Estate Fund

Former Blackstone Executive Launching $1 Billion Real Estate Fund

by Phil Hall | Feb 2, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

A former executive with Blackstone (NYSE:BX) is on track to raise $1 billion for a real estate-focused fund. The Wall Street Journal, sourcing its coverage from unnamed “people familiar with the matter,” reported Tyler Henritze, Blackstone’s former head of real estate...
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