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Hits and Misses for the Real Estate Week of April 28-May 2

Hits and Misses for the Real Estate Week of April 28-May 2

by Phil Hall | May 2, 2025 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The too-high cost for homebuying, the effects of plumbing mishaps on household budgets, and an XL-sized lease in New York City’s office market. From the wild and wooly world of real estate, here are our Hits and Misses for the week of April 28-May 2. Miss: A Dent to...
T-Max Lending Moves HQ from San Diego to Sacramento

T-Max Lending Moves HQ from San Diego to Sacramento

by Phil Hall | May 2, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

T-Max Lending LLC, a provider or residential and commercial loan products, has relocated its corporate headquarters from San Diego to Sacramento. In a statement, the company said the relocation places it “at the heart of California’s government and financial...
Six Flags to Close Maryland Amusement Park and Sell 500-Acre Property

Six Flags to Close Maryland Amusement Park and Sell 500-Acre Property

by Phil Hall | May 2, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Six Flags Entertainment Corporation (NYSE: FUN) is closing its Six Flags America and Hurricane Harbor amusement park in Bowie, Maryland, after the 2025 operating season. Promoted as “DC’s Thrill Capital,” the property will be sold for redevelopment as part of Six...
Kohl’s Fires CEO Over ‘Undisclosed Conflicts of Interest’

Kohl’s Fires CEO Over ‘Undisclosed Conflicts of Interest’

by Phil Hall | May 1, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The retailer Kohl’s Corporation (NYSE: KSS) announced that its board of directors terminated the employment of Ashley Buchanan as CEO. In a statement, Kohl’s declared that Buchanan “violated company policies by directing the company to engage in vendor transactions...
CMBS Delinquency Rate Surges Above the 7% Mark

CMBS Delinquency Rate Surges Above the 7% Mark

by Phil Hall | Apr 30, 2025 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The commercial mortgage-backed securities (CMBS) delinquency rate passed the 7% mark for the first time since January 2021, according to new data from Trepp Inc. April’s delinquency rate of 7.03% marked a 38 basis points month-over-month increase, with the overall...
Justice Dept. Files Statement of Interest Supporting a New Hampshire Church in Land Use Case

Justice Dept. Files Statement of Interest Supporting a New Hampshire Church in Land Use Case

by Phil Hall | Apr 30, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

For the second time this month, the U.S. Department of Justice (DOJ) filed a statement of interest in support of a church that said its rights were being violated under the Religious Land Use and Institutionalized Persons Act (RLUIPA). The new case involves Grace New...
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