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Cress Capital Acquires Denver Office Tower

Cress Capital Acquires Denver Office Tower

by Phil Hall | May 3, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The real estate investment firm Cress Capital has acquired The 410, a 24-story office building located in the Downtown Denver. The property at 410 17th St. is near the Colorado State Capitol and encompasses approximately 440,000 square feet of office space – including...
National Park Service Approves Demolition of RFK Stadium

National Park Service Approves Demolition of RFK Stadium

by Phil Hall | May 2, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The National Park Service (NPS) has given its approval for the demolition of Robert F. Kennedy Memorial (RFK) Stadium in Washington, D.C. The stadium opened in 1961 as District of Columbia Stadium and was renamed for the former U.S. Attorney General and U.S. Senator...
First National Realty Partners Acquires Phoenix Shopping Center

First National Realty Partners Acquires Phoenix Shopping Center

by Phil Hall | May 2, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The private equity firm First National Realty Partners (FNRP) has completed its acquisition of Horizon Village, a 113,252-square-foot shopping center in Phoenix. The financial terms of the acquisition were not disclosed. The transaction marks the firm’s entrance...
CMBS Delinquency Rate Soars Above 5% for First Time Since September 2021

CMBS Delinquency Rate Soars Above 5% for First Time Since September 2021

by Phil Hall | May 1, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The commercial mortgage-backed securities (CMBS) delinquency rate surged in April by 40 basis points to 5.07%, according to new data from Trepp Inc. This marked the highest delinquency rate level since the 5.35% that was recorded in September 2021. “The increase was...
US Investors Buying Up Commercial Property Across London

US Investors Buying Up Commercial Property Across London

by Phil Hall | May 1, 2024 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

U.S. real estate investors are buying up commercial real estate across London at a rate not seen in nearly a decade, according to new data from BNP Paribas. Reuters reported U.S. investors spent $2.4 billion on London commercial property during the first quarter on...
Walmart to Close Health Centers

Walmart to Close Health Centers

by Phil Hall | Apr 30, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Walmart Inc. (NYSE: WMT) has abruptly announced the closure of all 51 of the Walmart Health centers over the next 90 days. The retail giant began its Walmart Health center network in 2019, expanding into five states with in-person and telemedicine services. In an...
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