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Multifamily REIT Veris Residential is Sold for $3.4 Billion to Affinius Capital-Led Investor Consortium

Multifamily REIT Veris Residential is Sold for $3.4 Billion to Affinius Capital-Led Investor Consortium

by Phil Hall | Feb 23, 2026 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Veris Residential Inc. (NYSE: VRE) a Northeast-focused multifamily real estate investment trust, announced it is being acquired by an investor consortium led by Affinius Capital in partnership with Vista Hill Partners in an all-cash transaction for $19.00 per share of...
ESPN’s Stephen A. Smith Blasts ‘Very, Very Stupid’ Chicago for Letting Bears Leave the City

ESPN’s Stephen A. Smith Blasts ‘Very, Very Stupid’ Chicago for Letting Bears Leave the City

by Phil Hall | Feb 23, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

ESPN host Stephen A. Smith criticized Chicago officials after Illinois Gov. JB Pritzker acknowledged the Chicago Bears will not get a new stadium within their namesake city. On Friday, the Chicago Tribune reported Pritzker stated, “I think now there’s a common...
US and Pakistan Sign MoU to Renovate Historic NYC Hotel-Turned-Migrant Center

US and Pakistan Sign MoU to Renovate Historic NYC Hotel-Turned-Migrant Center

by Phil Hall | Feb 23, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The US and Pakistan governments have signed a Memorandum of Understanding (MoU) for the renovation of New York City’s historic Roosevelt Hotel, which has been vacant since June after operating for three years as a migrant center. The agreement was negotiated by US...
Boston Approves New Seaport District Hotel Across from Menino Center

Boston Approves New Seaport District Hotel Across from Menino Center

by Phil Hall | Feb 23, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

DGH Hotel Partners JV LLC, a joint venture between Global Hospitality Investment Group and an unnamed global investment management firm, has received approval from the Boston Zoning Commission for a new hotel in the city’s Seaport District, across from the Thomas M....
Hits and Misses for the Real Estate Week of Feb. 16-20

Hits and Misses for the Real Estate Week of Feb. 16-20

by Phil Hall | Feb 20, 2026 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, WRE News Exclusive

A proposed property tax hike in New York City, a California lawmaker fighting for homeowner insurance rights, and a hotel executive forced out of his job because of a toxic friend. From the wild and wooly world of real estate, here are our Hits and Misses for the week...
Home Builders Renew Exemption Call on Building Materials as Trump Plans Global 10% Tariff

Home Builders Renew Exemption Call on Building Materials as Trump Plans Global 10% Tariff

by Phil Hall | Feb 20, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Association of Home Builders (NAHB) renewed its call to exempt building materials from his renewed tariff targeting after the Supreme Court voted 6-3 to reject President Trump’s expanded use of the International Emergency Economic Powers Act (IEEPA) for...
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