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Elon Musk’s SpaceX Snags 100% Property Tax Abatement for Chip Manufacturing Development in Texas

Elon Musk’s SpaceX Snags 100% Property Tax Abatement for Chip Manufacturing Development in Texas

by Phil Hall | Jun 8, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Elon Musk’s SpaceX has secured a 100% property tax abatement for its proposed $55 billion Terafab chip manufacturing ​project in Grimes County, Texas. SpaceX said the project is crucial to its efforts to expand into advanced computing infrastructure and domestic chip...
Hits and Misses for the Real Estate Week of June 1-5

Hits and Misses for the Real Estate Week of June 1-5

by Phil Hall | Jun 5, 2026 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Bill Pulte gets a new job, a social media-savvy realtor helps a Texas mayor, and a new video on the data center sector racks up hits on YouTube. From the wild and wooly world of real estate, here are our Hits and Misses for the week of June 1-5. Miss: An Intelligence...
Chicago Bears Vote to Advance New Stadium in Indiana

Chicago Bears Vote to Advance New Stadium in Indiana

by Phil Hall | Jun 5, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Chicago Bears have decided to move forward with a plan to relocate from Illinois to Indiana. In a joint statement, Bears Chairman George McCaskey and CEO Kevin Warren declared, “Yesterday, the Chicago Bears Board of Directors met and voted to advance our stadium...
TPG-Led Investor Group Acquires ECHO Realty for $2 Billion

TPG-Led Investor Group Acquires ECHO Realty for $2 Billion

by Phil Hall | Jun 5, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

TPG Real Estate, a San Francisco-based alternative asset management firm, was joined by three investment partners in acquiring ECHO Realty, an owner/operator of grocery-anchored retail real estate, in a transaction valued at approximately $2 billion....
Terreno Realty Corp. Buys San Francisco Industrial Property for $26 Million

Terreno Realty Corp. Buys San Francisco Industrial Property for $26 Million

by Phil Hall | Jun 5, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Terreno Realty Corp. (NYSE: TRNO) has acquired a San Francisco industrial property for approximately $25.9 million. The 3.8-acre property is an industrial distribution building in the city’s India Basin section. It encompasses approximately 65,000 square feet provides...
Report: Bears Held Multiple Secret Talks About Keeping the Team in Chicago

Report: Bears Held Multiple Secret Talks About Keeping the Team in Chicago

by Phil Hall | Jun 5, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

While the future of the planned new stadium for the Chicago Bears remains in limbo, a new report has determined the team was not telling truth about its eagerness to move out of his hometown. According to Crain’s Chicago Business, the team misrepresented the number of...
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