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BurgerFi Mulls Bankruptcy, With 100 Eateries Facing Closure

BurgerFi Mulls Bankruptcy, With 100 Eateries Facing Closure

by Phil Hall | Aug 19, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

BurgerFi International (NASDAQ:BFI), the parent company of BurgerFi and Anthony’s Coal Fired Pizza, acknowledged that it is undergoing “significant adverse developments” that could result in a bankruptcy filing and the shuttering of its eateries. The 102-unit...
Hits and Misses for the Real Estate Week of Aug. 12-16

Hits and Misses for the Real Estate Week of Aug. 12-16

by Phil Hall | Aug 16, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Kamala Harris’ housing plans, a new era in real estate commissions and a new assault on phony online reviews. From the wild and wooly world of real estate, here are the Hits and Misses for the week of Aug. 12-16. Miss: Thus Spoke Kamala. After weeks of silence on what...
T&T Supermarket, Canadian Asian Grocery Retailer, to Open First California Store

T&T Supermarket, Canadian Asian Grocery Retailer, to Open First California Store

by Phil Hall | Aug 16, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

T&T Supermarket Inc., the Canadian-based Asian grocery retailer, is opening its first California store and third US location in San Jose. The new store is set to open in Fall 2025 at San Jose’s Westgate Center. The 55,000-square-foot store will be based in a...
CBRE Adjusts 2024 Hotel Forecast, Citing Economic Conditions

CBRE Adjusts 2024 Hotel Forecast, Citing Economic Conditions

by Phil Hall | Aug 15, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

CBRE (NYSE:CBRE) has revised its forecast for 2024 U.S. hotel performance, citing weaker-than-expected leisure travel and the slowing in corporate profit growth. CBRE is now projecting a 1.2% increase in revenue per available room (RevPAR) growth for 2024, down from...
Trump Organization Plans Residential and Retail Project for Florida Golf Resort

Trump Organization Plans Residential and Retail Project for Florida Golf Resort

by Phil Hall | Aug 15, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Trump Organization is seeking to construct new residences and retail units at one of its Florida golf resorts. Bloomberg reports project would be located at the 600-acre Trump National Doral Miami resort, which is home to a hotel and four golf courses including...
UBS to Close Real Estate Fund Focused on Office Market

UBS to Close Real Estate Fund Focused on Office Market

by Phil Hall | Aug 15, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The fraying office market has claimed a new victim as UBS Group AG (NYSE: UBS) announced plans to liquidate a flagship real estate fund. Bloomberg reported the CS Real Estate Fund, which the company absorbed in its acquisition of Credit Suisse, had more than 80% of...
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