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Department of Agriculture to Move from Longtime DC HQ

Department of Agriculture to Move from Longtime DC HQ

by Phil Hall | Feb 26, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The US Department of Agriculture (USDA) announced it is moving out of its longtime headquarters at the South Building in Washington, DC. “More than 85% of the South Building is unoccupied and there is a $1.6 billion backlog in deferred maintenance,” said Agriculture...
Papa Johns to Close 300 Restaurants

Papa Johns to Close 300 Restaurants

by Phil Hall | Feb 26, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The pizza chain Papa John (NASDAQ: PZZA) announced plans to close 300 US eateries by the end of 2027. Restaurant Dive reports the company, which is the fourth largest US pizza chain by sales, plans to shutter most of the targeted eateries this year. The locations...
St. Louis Contractor Sentenced to 3 Years for Pandemic Loan Fraud

St. Louis Contractor Sentenced to 3 Years for Pandemic Loan Fraud

by Phil Hall | Feb 26, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A St. Louis-area contractor who fraudulently obtained $1.7 million in pandemic loans was sentenced to three years in prison and ordered to repay the money. Coretta “Cory” Elliott owned and operated CMT LLC, a contractor that provided commercial construction,...
Illinois Gov. Pritzker: Indiana Faces ‘Massive Increases in Taxes’ with Proposed Bears Stadium

Illinois Gov. Pritzker: Indiana Faces ‘Massive Increases in Taxes’ with Proposed Bears Stadium

by Phil Hall | Feb 26, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Illinois Gov. JB Pritzker sought to belittle efforts by Indiana lawmakers to lure the Chicago Bears to their state, accusing the state of dumping a new wave of taxes on residents without seeking their approval. TheIllinoize.com reports Pritzker highlighted reports...
NYC Developer Indicted in $10 Million Fraud Scheme Expected to Plead Guilty

NYC Developer Indicted in $10 Million Fraud Scheme Expected to Plead Guilty

by Phil Hall | Feb 26, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Joshua Schuster, a former New York City real estate developer who was indicted last May for conducting a four-year, multimillion-dollar real estate investment scam, is reportedly planning to enter a guilty plea in his case. Hoodline.com reports Schuster is scheduled...
American Express to Build 55-Story HQ at World Trade Center Site

American Express to Build 55-Story HQ at World Trade Center Site

by Phil Hall | Feb 26, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

American Express (NYSE: AXP) has unveiled plans for a new global headquarters at 2 World Trade Center in Lower Manhattan. The building will be developed on land owned by the Port Authority of New York and New Jersey under a long-term ground lease. This marks the final...
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