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Trump Administration Intervenes in Eminent Domain Case Over NJ Family-Owned Farm

Trump Administration Intervenes in Eminent Domain Case Over NJ Family-Owned Farm

by Phil Hall | Jun 25, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Trump administration is intervening in a case involving a 175-year-old family-owned farm being threatened with eminent domain seizure by the town of Cranbury, New Jersey, which wants to take the property for the construction of affordable housing. Fox Business...
Migrant Processing Services Terminated at NYC’s Historic Roosevelt Hotel

Migrant Processing Services Terminated at NYC’s Historic Roosevelt Hotel

by Phil Hall | Jun 25, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

New York City has officially ended the migrant arrival center that has been operating within the historic Roosevelt Hotel. The Associated Press reports the center’s last full day in operation was on Monday, with the hotel becoming vacant on Tuesday afternoon. The...
Apex Commercial Exchange Debuts Platform for Commercial Real Estate Auctions

Apex Commercial Exchange Debuts Platform for Commercial Real Estate Auctions

by Phil Hall | Jun 25, 2025 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Apex Commercial Exchange (ACE) has launched its new platform for commercial real estate auctions. According to the New York City-based ACE, the new platform enables brokers and owners to build fully customized asset pages, securely host diligence materials, generate...
Former NFL Player Sentenced in Real Estate Embezzlement Scheme

Former NFL Player Sentenced in Real Estate Embezzlement Scheme

by Phil Hall | Jun 24, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Real estate developer and former NFL football player Chris Harrison was sentenced to six years in federal prison and three years of supervised for his coordination of a scheme that embezzled funds intended for the development and construction of two real estate...
Macerich Company Acquires 1.3 Million SF Raleigh Mall for $290 Million

Macerich Company Acquires 1.3 Million SF Raleigh Mall for $290 Million

by Phil Hall | Jun 24, 2025 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The Macerich Company (NYSE: MAC), a Santa Monica, California-based real estate investment trust, has acquired Crabtree Valley Mall, a Class A retail center totaling approximately 1.3 million square feet in Raleigh, North Carolina, for $290 million. The acquired...
Pennsylvania Governor Declines to Rule Out Using Public Funds for New NFL Stadiums

Pennsylvania Governor Declines to Rule Out Using Public Funds for New NFL Stadiums

by Phil Hall | Jun 23, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Pennsylvania Gov. Josh Shapiro refused to directly answer whether he would approve or reject public funding for the state’s NFL teams. The Associated Press reports Shapiro – who was cited as a potential running mate for Kamala Harris in last year’s election – faces...
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