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Highwoods Properties Acquires Raleigh’s Advance Auto Parts Tower

Highwoods Properties Acquires Raleigh’s Advance Auto Parts Tower

by Phil Hall | Mar 3, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The real estate investment trust Highwoods Properties Inc. (NYSE: HIW) has acquired Advance Auto Parts Tower, a 20-story, Class AA office tower located in the North Hills Best Business District of Raleigh, North Carolina. The 346,000-square-foot, LEED-gold certified...
Fortis Property Group Sued Over Alleged Asset Misrepresentation on Brooklyn Development

Fortis Property Group Sued Over Alleged Asset Misrepresentation on Brooklyn Development

by Phil Hall | Mar 3, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Fortis Property Group is being sued for allegedly lying about the value of assets at Olympia Dumbo, its residential development in Brooklyn. Crain’s New York Business reports Fortis is being accused of misrepresenting the prospective sale prices of a commercial garage...
Frontier Lithium Completes Land Acquisition on Ontario’s Mission Island

Frontier Lithium Completes Land Acquisition on Ontario’s Mission Island

by Phil Hall | Mar 3, 2025 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Frontier Lithium, (TSXV: FL), a pre-production mining company, has completed its acquisition of a vacant industrial site on Mission Island in Thunder Bay, Ontario. The company closed on a previously disclosed unsecured convertible loan for aggregate proceeds of $3.35...
Hits and Misses for the Real Estate Week of Feb. 24-28

Hits and Misses for the Real Estate Week of Feb. 24-28

by Phil Hall | Feb 28, 2025 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The CFPB changes its mind, two different approaches to EV charger installations and an eggs-cellent home selling approach. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Feb. 24-28. Hit: Reining in the Litigation: This week,...
New Lawsuit Accuses Douglas Elliman and Ex-CEO Howard Lorber of Enabling the Alexander Brothers

New Lawsuit Accuses Douglas Elliman and Ex-CEO Howard Lorber of Enabling the Alexander Brothers

by Phil Hall | Feb 28, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

A new lawsuit brought against the Alexander brothers accuses Douglas Elliman – the former employer of Tal and Oren Alexander – along with the company’s former CEO and chairman Howard Lorber and the brothers’ parents of enabling their alleged sex trafficking scheme....
Toll Brothers Launches New Phase of Atlanta-Area Luxury Community

Toll Brothers Launches New Phase of Atlanta-Area Luxury Community

by Phil Hall | Feb 28, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Toll Brothers Inc. (NYSE:TOL) has announced a new phase of home sites is available at its luxury home community Sterling Pointe, located in that Atlanta suburb of Cumming, Georgia. Sterling Pointe offers 64 new homes with two-story single-family home designs....
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