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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...
Senior Living Provider LCS Announces Leadership Changes

Senior Living Provider LCS Announces Leadership Changes

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

LCS, the Des Moines-based senior living provider, has announced a shift in its executive leadership. Chris Bird, LCS’ president and chief operating officer, will become CEO. Bird will succeed Joel Nelson, who served as CEO since 2018 and will continue to serve as...
Chicago Mixed-Use Building Bought in 2016 for $140 Million Sells for $47 Million

Chicago Mixed-Use Building Bought in 2016 for $140 Million Sells for $47 Million

by Phil Hall | Aug 14, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A four-story mixed-use building on Chicago’s Magnificent Mile that was last sold in December 2016 for $140 million has changed hands for $47 million, a two-thirds discount. According to CoStar, North American Real Estate (NARE) acquired the 85,000-square-foot retail...
Dalfen Industrial Sells Warehouse to the State of Florida

Dalfen Industrial Sells Warehouse to the State of Florida

by Phil Hall | Aug 14, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Dallas-headquartered Dalfen Industrial announced the State of Florida purchased one of its buildings in the recently developed Midpoint Florida Logistics Center in Auburndale, Florida. The 423,000-square-foot warehouse has direct access to a full diamond interchange...
Cohen Realty Enterprises Foreclosure Auction to Include 2 Cinema Chains

Cohen Realty Enterprises Foreclosure Auction to Include 2 Cinema Chains

by Phil Hall | Aug 14, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The commercial properties owned by Cohen Realty Enterprises, including a pair of prominent movie theater chains, will go up for auction on Nov. 8. According to a Deadline report, Fortress Credit Corp. sued Cohen earlier this year for defaulting on a large loan backed...
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