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Report: Trump Administration Plans to Sell San Francisco Office Property Named for Nancy Pelosi

Report: Trump Administration Plans to Sell San Francisco Office Property Named for Nancy Pelosi

by Phil Hall | Feb 24, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A federal office building in San Francisco that was named in honor of former House Speaker Nancy Pelosi in December is reportedly being considered for sale by the Trump administration. Fox News reports the 18-story Nancy Pelosi Federal Building, formerly known as the...
CBRE Forecasts Strong Year for US Hotel Industry

CBRE Forecasts Strong Year for US Hotel Industry

by Phil Hall | Feb 21, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

CBRE (NYSE: CBRE) is predicting a vibrant 2025 for the US hotel industry with a new forecast that expects revenue per available room (RevPAR) to enjoy steady growth throughout the year. CBRE is forecasting a 2.0% increase in RevPAR growth this year, with occupancy...
Tech Trends: Updates on the Data Center Sector

Tech Trends: Updates on the Data Center Sector

by Phil Hall | Feb 20, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, Tech Trends, WRE News Exclusive

This week, Tech Trends offers an overview of the latest happenings in the red-hot data center sector. Will Bigger Be Better? Plans are underway in South Korea for one of the world’s largest data centers for artificial intelligence. The Wall Street Journal reports the...
Retailer Forever 21 Plans Store Closures While Mulling Bankruptcy

Retailer Forever 21 Plans Store Closures While Mulling Bankruptcy

by Phil Hall | Feb 20, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The retailer Forever 21 is considering bankruptcy and may shutter at least 200 US-based stores as soon as next month. According to a Bloomberg report sourced from unnamed “people with knowledge of the matter,” the chain’s US operator, F21 OpCo, is seeking a buyer for...
Duracell Relocates R&D Headquarters from Connecticut to Atlanta

Duracell Relocates R&D Headquarters from Connecticut to Atlanta

by Phil Hall | Feb 19, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The battery brand Duracell, a Berkshire Hathaway (NYSE:BRK) company, is relocating its Research and Development (R&D) headquarters from its corporate headquarters in Bethel, Connecticut, to Atlanta. The new R&D facility is scheduled to open in Summer 2026 and...
Executive Changes Announced at Newmark Group

Executive Changes Announced at Newmark Group

by Phil Hall | Feb 19, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Newmark Group Inc. (NASDAQ: NMRK) announced CEO Barry M. Gosin will take on the additional role of chairman of its operating company, Newmark & Company Real Estate Inc., while Executive Vice President and Chief Legal Officer Stephen Merkel has been named chairman...
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