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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...
Another Major Tenant to Depart Beleaguered San Francisco Centre Mall

Another Major Tenant to Depart Beleaguered San Francisco Centre Mall

by Phil Hall | Feb 17, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The San Francisco Centre mall has lost another major tenant as Burke Williams Day Spa announced it will be leaving the property on April 28. The San Francisco Chronicle reports Burke Williams’ 16,000-square-foot spa, the largest in San Francisco, has been a tenant of...
CoStar Group Acquires Agricultural Land Data Firm

CoStar Group Acquires Agricultural Land Data Firm

by Phil Hall | Feb 17, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

CoStar Group Inc. (NASDAQ: CSGP) has acquired the agricultural data company Ag-Analytics. According to the companies, the acquisition will extend CoStar Group’s Land.com platform into the agricultural land sector by incorporating data capabilities for farmland,...
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