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Utah City Approves 34% Property Tax Hike

Utah City Approves 34% Property Tax Hike

by Phil Hall | Aug 18, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

At a time when most states and municipalities are moving to lower property taxes, a city in southern Utah is going in the opposite direction with a substantial property tax hike. The Salt Lake Tribune reports the City Council in Ivins, Utah, voted 4-1 to raise...
Permit for New Cleveland Browns Stadium Rejected Due to Airport Proximity

Permit for New Cleveland Browns Stadium Rejected Due to Airport Proximity

by Phil Hall | Aug 18, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Cleveland Browns’ effort to build a new domed stadium hit a major roadblock as the Ohio Department of Transportation (ODOT) rejected the team’s application, stating the proposed $3.6 billion facility would be an “obstruction” to the neighboring Cleveland Hopkins...
Hits and Misses for the Real Estate Week of Aug. 11-15

Hits and Misses for the Real Estate Week of Aug. 11-15

by Phil Hall | Aug 15, 2025 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, WRE News Exclusive

The Treasury Secretary makes and rescinds demands, Playboy moves its headquarters out of Los Angeles, and New York City’s worst hotel closes. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Aug. 11-15. Miss: Foot in Mouth...
Detroit City FC Will Pay Property Taxes on New Soccer Stadium

Detroit City FC Will Pay Property Taxes on New Soccer Stadium

by Phil Hall | Aug 15, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The CEO of Detroit City FC announced that his team will pay property taxes on its new soccer stadium. Axios reports Sean Mann pledged his team will cover property taxes for the 15,000-seat AlumniFi Field only – the property will also include an affordable housing...
Playboy Relocates HQ from Los Angeles to ‘Business-Friendly’ Miami Beach

Playboy Relocates HQ from Los Angeles to ‘Business-Friendly’ Miami Beach

by Phil Hall | Aug 14, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Playboy Inc. (NASDAQ: PLBY) is relocating its global corporate headquarters from Los Angeles to Miami Beach. Playboy was founded in Chicago by Hugh Hefner in 1953 and relocated to California in 1975. In a press statement, the company said the relocation after a...
Palmetto Plaza, Miami-Area Retail Center, Sells for $46 Million

Palmetto Plaza, Miami-Area Retail Center, Sells for $46 Million

by Phil Hall | Aug 13, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Core Palmetto, an affiliate of Miami-based Core Investment Management, announced the sale of Palmetto Plaza, a 186,095-square-foot retail center in Miami Gardens, Florida. Core acquired Palmetto Plaza in 2021 for $33 million. While the company did not state the sale...
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