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Macy’s to Close 150 Stores

Macy’s to Close 150 Stores

by Phil Hall | Feb 27, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Macy’s Inc. (NYSE:M) announced it will be closing 50 of its stores by the end of the year and another 100 over the next three years. The department store chain announced the closings today during the analysts’ call for its fourth quarter 2023 earnings report. The...
Will Commercial Real Estate Woes Fuel a New Wave of Bank Failures?

Will Commercial Real Estate Woes Fuel a New Wave of Bank Failures?

by Phil Hall | Feb 27, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Bank failures could begin to percolate across the U.S. due the ongoing tumult in the commercial real estate sector, according to finance experts at Florida Atlantic University (FAU). Dr. Rebel A. Cole, the Lynn Eminent Scholar Chaired Professor of Finance in FAU’s...
Jonathan Pollack to Become President at Starwood Capital Group

Jonathan Pollack to Become President at Starwood Capital Group

by Phil Hall | Feb 27, 2024 | Commercial Real Estate News, Industry Updates, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Starwood Capital Group, a global private investment firm with a primary focus on real estate, announced that Jonathan Pollack will join the firm as president in 2025. Pollack joins the Miami-based Starwood Capital from Blackstone, where he served as global head of the...
New Chairman at Bravo Property Trust

New Chairman at Bravo Property Trust

by Phil Hall | Feb 27, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Bravo Property Trust, a bridge and construction financing platform affiliate of Bravo Capital, announced the appointment of Gabi Moshayev as its chairman. Prior to joining Bravo Capital, Moshayev served as the CEO and worked on behalf of Harel Finance Alternative Ltd....
Bluerock Value Exchange Debuts New Industrial Portfolio

Bluerock Value Exchange Debuts New Industrial Portfolio

by Phil Hall | Feb 26, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Bluerock Value Exchange (BVEX), a New York City-based national sponsor of 1031 exchange and Delaware Statutory Trust investment programs, has launched BR Diversified Industrial Portfolio III, DST (DIP III). DIP III represents BVEX’s 36th individual DST program...
Former Morgan Stanley Global Chairman Joins CBRE Board

Former Morgan Stanley Global Chairman Joins CBRE Board

by Phil Hall | Feb 26, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

CBRE Group Inc. (NYSE:CBRE) announced the appointment of Guy A. Metcalfe to its board of directors. Metcalfe was a managing director and member of Morgan Stanley’s investment banking executive committee. He led the company’s real estate investment banking business for...
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