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Los Angeles’ Aon Center Sold for $153.5 Million

Los Angeles’ Aon Center Sold for $153.5 Million

by Phil Hall | Dec 29, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Newmark Group Inc. (NASDAQ: NMRK) announced that it arranged the $153.5 million sale of Aon Center, a 62-story trophy Class A office tower located in the Los Angeles’ Financial District. The property was acquired by Carolwood Equities while the seller was undisclosed....
Real Estate Company Bids $4.9 Million for Bankrupt University’s Campus

Real Estate Company Bids $4.9 Million for Bankrupt University’s Campus

by Phil Hall | Dec 29, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A federal bankruptcy court in West Virginia has scheduled a hearing for the possible sale of a defunct university’s campus. The Associated Press reported a court-appointed trustee filed a motion to sell the land and assets once belonging to Alderson Broaddus...
BOMI Offers Digital Badging for Certificate and Designation Holders

BOMI Offers Digital Badging for Certificate and Designation Holders

by Phil Hall | Dec 29, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Building Owners and Managers Institute (BOMI) has launched a digital badging program for its certificate and designation holders. According to BOMI, certificate holders will earn a digital badge if they have completed their required courses and earned a passing...
Taiwan’s Commercial Property Transactions Up 2.8% During 2023

Taiwan’s Commercial Property Transactions Up 2.8% During 2023

by Phil Hall | Dec 28, 2023 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

While the repeated threats by Chinese President Xi Jinping to reunify his country with Taiwan continues to create political tensions across the Asia Pacific region, the tough talk out of Beijing is having no impact on Taiwan’s commercial property sector. According to...
Apple Hospitality REIT Acquires Las Vegas Hotel for $75 Million

Apple Hospitality REIT Acquires Las Vegas Hotel for $75 Million

by Phil Hall | Dec 28, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Richmond, Virginia-based Apple Hospitality REIT Inc. (NYSE: APLE) announced the acquisition of the 299-room SpringHill Suites by Marriott Las Vegas Convention Center for approximately $75 million, or $251,000 per key. The SpringHill Suites Las Vegas Convention center...
Chamonix, Colorado’s Newest Casino Hotel, Opens Today

Chamonix, Colorado’s Newest Casino Hotel, Opens Today

by Phil Hall | Dec 27, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Full House Resorts Inc. (NASDAQ: FLL) has announced today’s opening of its latest gaming destination, the Chamonix Casino Hotel in Cripple Creek, Colorado. Chamonix is adjacent to – and integrated with – Bronco Billy’s Casino, also owned by Full House Resorts. With...
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