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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...
Trump Organization to Create Hotel and Tower in Dubai

Trump Organization to Create Hotel and Tower in Dubai

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

The Trump Organization has partnered with the luxury real estate developer Dar Global to announce plans to create the Trump International Hotel & Tower in Dubai. The project will be the first Trump International Hotel & Tower in the Middle East and the fifth...
NY Legislator Suggests Law to Prevent Penn Station from Being Renamed for Trump

NY Legislator Suggests Law to Prevent Penn Station from Being Renamed for Trump

by Phil Hall | Apr 29, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A New York legislator raised the idea of introducing a new bill that would prevent public buildings from being named after convicted felons – an action designed solely to prohibit Penn Station from being renamed after President Trump. The New York Post reports State...
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