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Hits and Misses for the Real Estate Week of June 9-13

Hits and Misses for the Real Estate Week of June 9-13

by Phil Hall | Jun 13, 2025 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The closing of HUD’s Los Angeles field offices by the ongoing riots, Ohio lawmakers kowtowing to the Cleveland Browns, and a real estate agent who keeps selling at 100. From the wild and wooly world of real estate, here are our Hits and Misses for the week of June...
Oakland’s Largest Hotel Going to a Foreclosure Auction

Oakland’s Largest Hotel Going to a Foreclosure Auction

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

The largest hotel in Oakland is bound for a foreclosure auction later this month. The Oakland Marriott City Center is scheduled to be sold in a foreclosure auction on June 24. The San Francisco Business Times reports Hong Kong-based Gaw Capital Partners, the hotel’s...
Office-to-Residential Conversion Begins on DC Property

Office-to-Residential Conversion Begins on DC Property

by Phil Hall | Jun 13, 2025 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

The private equity real estate firm Henderson Park, working in partnership with the real estate developer and investor Lowe, has commenced work on the office-to-residential conversion of 1250 Maryland Avenue SW in Washington, DC. Currently known as Portals I, the...
Report: Australia’s Commercial Property Market to Reach $78.5 Billion by 2033

Report: Australia’s Commercial Property Market to Reach $78.5 Billion by 2033

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

Australia’s commercial property market size reached $33 billion in 2024 and is projected to grow to $78.5 billion by 2033, with a compound annual growth rate of 9.3% during the forecast period. According to a new IMARC Group report titled “Australia Commercial...
Report: Denver Broncos Buying Industrial Parcels for Possible New Stadium

Report: Denver Broncos Buying Industrial Parcels for Possible New Stadium

by Phil Hall | Jun 12, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The NFL’s Denver Broncos are reportedly behind a series of 10 properties in an industrial section of the city’s Lincoln Park neighborhood, which is fueling talk that the team is planning to build a new stadium. According to a BusinessDen report sourced from a single...
California Commercial Real Estate Broker Pleads Guilty to Obstructing the IRS

California Commercial Real Estate Broker Pleads Guilty to Obstructing the IRS

by Phil Hall | Jun 12, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A California commercial real estate broker has pleaded guilty to a years-long pattern of obstructing the IRS from collecting taxes he owed. Pasadena-based Gabriel David Guerrero failed to timely file federal individual income tax returns for the years 1998, 1999, and...
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