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Alamo Drafthouse Cinema Chain Reportedly Up for Sale

Alamo Drafthouse Cinema Chain Reportedly Up for Sale

by Phil Hall | Mar 29, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Alamo Drafthouse Cinema chain is reportedly available for sale. According to a report by the entertainment news outlet Deadline culled from unnamed sources, there is no asking price floated for the chain, which spans 41 locations across 13 states. Unlike other...
Brooklyn’s Tallest Building Going to Public Foreclosure Auction

Brooklyn’s Tallest Building Going to Public Foreclosure Auction

by Phil Hall | Mar 29, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The tallest building in Brooklyn is facing a public foreclosure auction after its developer defaulted on a mezzanine loan. According to a GlobeSt.com report, the property in question is the 93-story residential Brooklyn Tower, which was completed last year by JDS...
Frank Lloyd Wright-Designed Home Outside of Chicago Listed at $779,000

Frank Lloyd Wright-Designed Home Outside of Chicago Listed at $779,000

by Phil Hall | Mar 29, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Frank Lloyd Wright house outside of Chicago has been listed for the first time since 1976 for $779,000. According to Robb Report coverage, the Prairie-Style cottage known as the Warren Hickox House in Kankakee, Illinois, is on a roughly half-acre property. The...
Blackstone Sells Southern California Industrial Property Portfolio for $1 Billion

Blackstone Sells Southern California Industrial Property Portfolio for $1 Billion

by Phil Hall | Mar 29, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Rexford Industrial Realty Inc. (NYSE: REXR), a real estate investment trust focused on industrial properties in Southern California, has acquired approximately 3 million square feet of industrial properties from Blackstone (NYSE: BX) for $1 billion. The combined...
Publisher’s View: How the NAR Settlement is a Step Towards Ethical Real Estate Practices

Publisher’s View: How the NAR Settlement is a Step Towards Ethical Real Estate Practices

by John G. Stevens | Mar 28, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

Publisher’s View: In a recent publication by the National Association of Realtors (NAR) titled “The Truth About the NAR Settlement Agreement,” significant strides toward transparency and ethical conduct within the real estate industry are...
Amazon Seeks $1.3 Billion in Savings by Reducing Office Vacancies

Amazon Seeks $1.3 Billion in Savings by Reducing Office Vacancies

by Phil Hall | Mar 28, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The e-commerce giant Amazon Inc. (NASDAQ: AMZN) plans to save nearly $1.3 billion over the next few years by reducing the quantity of its office vacancies. According to a Business Insider report sourced from an obtained internal document and input from an unnamed...
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