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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...
Yardi to Become Majority Owner of WeWork in Bankruptcy Exit Plan

Yardi to Become Majority Owner of WeWork in Bankruptcy Exit Plan

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

The coworking company WeWork (OTCMKTS: WEWKQ) announced the securing of $450 million in new funding that will fuel its exit from Chapter 11 bankruptcy. The property management software provider Yardi Systems is taking a 60% stake in WeWork through its subsidiary Cupar...
New Mixed-Use Entertainment and Sports Venue Planned for Las Vegas

New Mixed-Use Entertainment and Sports Venue Planned for Las Vegas

by Phil Hall | Apr 29, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The real estate development company LVXP announced plans for a mixed-use development on the Las Vegas Strip that will be anchored by an entertainment and sports arena. The project will be located on the 27-acre site at 2601 South Las Vegas Boulevard, across from the...
Marshall Heron to Lead Real Estate Practice at Risk Strategies

Marshall Heron to Lead Real Estate Practice at Risk Strategies

by Phil Hall | Apr 29, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Risk Strategies, a Boston-based national specialty insurance brokerage and risk management and consulting firm, has appointed Marshall Heron as national real estate practice leader. In his new role, Heron will be responsible for partnering with regional and practice...
The Richest Billionaire in Real Estate Is…

The Richest Billionaire in Real Estate Is…

by Phil Hall | Apr 29, 2024 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

While many professionals acknowledge that a financially lucrative career can be found in the real estate industry, Lee Shau Kee has taken that notion to a chart-topping high. According to a new study published by Insider Monkey, the 96-year-old Hong Kong executive is...
Rick Miller, Leader of Aon’s US Property Practice, Dies at 62

Rick Miller, Leader of Aon’s US Property Practice, Dies at 62

by Phil Hall | Apr 29, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Rick Miller, the leader of the U.S. property practice at Aon Commercial Risk Solutions, passed away on April 23 at the age of 62 following a brief illness. Miller was born in West Hartford, Connecticut, and graduated from Boston College. He worked with Industrial Risk...
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