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Kash Patel: FBI to Vacate DC Headquarters

Kash Patel: FBI to Vacate DC Headquarters

by Phil Hall | May 16, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

FBI Director Kash Patel announced the law enforcement agency will be leaving its Washington, DC headquarters in the J. Edgar Hoover Building and transferring 1,500 employees to locations around the country. In an interview with Fox Business, Patel stated, “This FBI is...
CBRE Forecasts Modest RevPAR Growth for US Hotels in 2025

CBRE Forecasts Modest RevPAR Growth for US Hotels in 2025

by Phil Hall | May 16, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A new US hotel sector forecast published by CBRE (NYSE: CBRE) is predicting revenue per available room (RevPAR) will grow modestly in 2025, with activity fueled by urban locations benefitting from increased group and business travel along with rising demand for...
Vietnam Approves Trump Organization’s Golf Resort Real Estate Project

Vietnam Approves Trump Organization’s Golf Resort Real Estate Project

by Phil Hall | May 16, 2025 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Vietnamese government has approved a $1.5 billion proposal by the Trump Organization to build golf courses, hotels and real estate projects in the country. The Associated Press reports the Trump Organization and a local developer, Kinhbac City, proposed their...
Voice of America’s DC HQ Listed for Sale

Voice of America’s DC HQ Listed for Sale

by Phil Hall | May 16, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Washington, DC headquarters of the Voice of America is the latest federal property on the list for “accelerated disposal.” Bloomberg reports the property, formally known at the Wilbur Cohen Federal Building, is located south of the National Mall and two blocks...
Bastyr University Plans to Sell Seattle-Area Campus

Bastyr University Plans to Sell Seattle-Area Campus

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

The board of trustees at Bastyr University has approved a resolution to list its campus in Kenmore, Washington, for sale. The campus encompasses over 50 acres and is based 10 miles from downtown Seattle on the northeast shore of Lake Washington inside Saint Edward...
Dick’s Sporting Goods Acquires Foot Locker for $2.4 Billion

Dick’s Sporting Goods Acquires Foot Locker for $2.4 Billion

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

The sports retail submarket is experiencing a major shift as Dick’s Sporting Goods Inc. (NYSE: DKS) announced its $2.4 billion acquisition of Foot Locker Inc. (NYSE: FL). Dick’s expects to operate Foot Locker as a standalone business unit within its portfolio and...
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