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Biden Signs Executive Order on Creating New AI Data Centers

Biden Signs Executive Order on Creating New AI Data Centers

by Phil Hall | Jan 16, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

With less than a week before his term expires, President Biden signed an Executive Order directed the Departments of Defense and Energy to identify federal sites that could be used for artificial intelligence (AI) data centers and clean power facilities. The Executive...
Cleveland Sues Browns, Claiming Law Violation Over Plans to Relocate from City

Cleveland Sues Browns, Claiming Law Violation Over Plans to Relocate from City

by Phil Hall | Jan 16, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The City of Cleveland has filed a lawsuit to stop its NFL team from moving out when the lease on its lakefront stadium expires in 2028. The Associated Press reports Jimmy and Dee Haslam, the owners of the Cleveland Browns, plan to build a $2.4 billion stadium and...
Leases for Big Lots Stores Offered for Sale

Leases for Big Lots Stores Offered for Sale

by Phil Hall | Jan 14, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The retail focused investment firm Gordon Brothers announced that it is now offering Big Lots leases for sale. According to the company, the new-to-market stores are primarily located in shopping centers across 47 states and range in size from approximately 19,000 to...
CBRE Acquires Co-Working Firm Industrious

CBRE Acquires Co-Working Firm Industrious

by Phil Hall | Jan 14, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

CBRE Group Inc. (NYSE: CBRE) has announced is acquisition of Industrious National Management Company LLC, a provider of flexible workplace solutions. CBRE previously invested in Industrious through an approximately 40% equity interest and a $100 million convertible...
Philadelphia 76ers Cancel Plans for New Arena, Announce Plans to Create Another Venue

Philadelphia 76ers Cancel Plans for New Arena, Announce Plans to Create Another Venue

by Phil Hall | Jan 14, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The Philadelphia 76ers have abruptly cancelled plans for a new $1.3 billion Center City arena project and instead announced plans to play in a new stadium complex in South Philadelphia. NBC Philadelphia reports Philadelphia Mayor Cherelle Parker led a press conference...
Structural Demolition Begins on RFK Stadium

Structural Demolition Begins on RFK Stadium

by Phil Hall | Jan 13, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Structural demolition is scheduled to begin today on Robert F. Kennedy (RFK) Memorial Stadium in Washington, DC. Events DC announced the initial demolition will focus on “selective sections of the interior of the stadium and the removal of sections of exterior...
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