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CBRE CEO Robert Sulentic Appointed Chairman of the Board

CBRE CEO Robert Sulentic Appointed Chairman of the Board

by Phil Hall | Nov 17, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

CBRE Group, Inc. (NYSE:CBRE) announced that its board of directors has appointed CEO Robert Sulentic to the additional role of chairman of the board, effective immediately. Sulentic has served as president and CEO of CBRE since December 2012. He succeeds Brandon Boze,...
Groundbreaking Ceremony for New Chicago Office Development

Groundbreaking Ceremony for New Chicago Office Development

by Phil Hall | Nov 16, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Reports of the office property sector’s fraying health don’t appear to have reached Chicago, as the construction company Skender joined developer Fulton Street Companies and community leaders today to celebrate the groundbreaking of 919 W Fulton St., a new 11-story...
CBRE Forecasts Hotel RevPAR Growth Recovery in 2024

CBRE Forecasts Hotel RevPAR Growth Recovery in 2024

by Phil Hall | Nov 16, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

CBRE (NYSE:CBRE) is forecasting the lodging industry will record a growth in revenue per available room (RevPAR) during 2024 as inbound international travel further improves and sector-specific headwinds moderate. The company’s 3% RevPAR growth forecast for 2024 is...
Gavin Morgan Joins Grubb Properties as Managing Director for Investments

Gavin Morgan Joins Grubb Properties as Managing Director for Investments

by Phil Hall | Nov 15, 2023 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Grubb Properties, a leading vertically integrated commercial real estate firm focused on the multifamily sector, has hired Gavin Morgan as managing director for investments. In his new role, Morgan will work on expanding Grubb’s capital formation efforts, with a...
BTY Group Opens Halifax Office

BTY Group Opens Halifax Office

by Phil Hall | Nov 14, 2023 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

BTY Group, a Canadian consultancy specializing in real estate and infrastructure asset planning and project delivery, has opened its newest office at the Queen’s Marque building in Halifax, Nova Scotia. “Atlantic Canada is experiencing unprecedented population growth,...
Hits and Misses for the Real Estate Week of Nov. 6-10

Hits and Misses for the Real Estate Week of Nov. 6-10

by Phil Hall | Nov 10, 2023 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Green New Deal’s impact on home builders, an FHLB expansion to include nonbanks, and a historic church’s upcoming date with a wrecking ball. From the wild and wooly world of real estate, here are the hits and misses for the real estate week of Nov. 6-10. Hit: DOE,...
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