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St. Petersburg Mayor: City is in ‘Better Place’ Without New Stadium for Tampa Bay Rays

St. Petersburg Mayor: City is in ‘Better Place’ Without New Stadium for Tampa Bay Rays

by Phil Hall | Mar 5, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

St. Petersburg Mayor Ken Welch has no regrets that the Tampa Bay Rays withdrew their plans last year to build a stadium in his city. Indeed, he’s quite happy about it. Last March, the team discontinued its plans for a new $1.3 billion, 30,000-seat venue in St....
iPic Theaters Files for Bankruptcy, Plans to Sell Assets

iPic Theaters Files for Bankruptcy, Plans to Sell Assets

by Phil Hall | Mar 5, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The iPic Theaters cinema chain, which offers dine-in service to its moviegoing audiences, has filed for Chapter 11 bankruptcy and is planning the sale of its assets. According to combined media reports, the Boca Raton, Florida-headquartered company previously filed...
Report: Purchasing Rights Awarded to Shuttered San Francisco Centre

Report: Purchasing Rights Awarded to Shuttered San Francisco Centre

by Phil Hall | Mar 5, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The purchase rights to the San Francisco Centre, the once-grand 1.5 million-square-foot mall that was shuttered in January, has been awarded to a partnership of Presidio Bay Ventures and Prado Group. The San Francisco Chronicle, citing input from unnamed “sources with...
First Community Credit Union Acquires Houston Office Tower as New HQ

First Community Credit Union Acquires Houston Office Tower as New HQ

by Phil Hall | Mar 4, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

First Community Credit Union (FCCU) has purchased the former Noble Energy Center Two, a Class A Houston office tower, to become the future home of its new corporate headquarters. The 20-story tower was built in 2015 and encompasses approximately 470,623 rentable...
Sale Price for San Francisco’s Transamerica Pyramid is Revealed

Sale Price for San Francisco’s Transamerica Pyramid is Revealed

by Phil Hall | Mar 4, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The previously undisclosed sale price of San Francisco’s iconic Transamerica Pyramid has been reported at approximately $700 million, the city’s largest office property transaction since 2021. Greet Street News confirmed the price being paid by the Cyprus-based...
JLL Income Property Trust Acquires West Boston Medical Center for $32 Million

JLL Income Property Trust Acquires West Boston Medical Center for $32 Million

by Phil Hall | Mar 4, 2026 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

JLL Income Property Trust, an institutionally managed, daily NAV REIT (NASDAQ: ZIPTAX), has acquired West Boston Medical Center, a medical outpatient complex located in the Greater Boston suburb of Watertown, Massachusetts, for approximately $32 million. The property...
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