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Amazon Acquires 23-Story Manhattan Office Property

Amazon Acquires 23-Story Manhattan Office Property

by Phil Hall | May 5, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Amazon Inc. (NASDAQ: AMZN) has expanded its New York City real estate portfolio by acquiring a 23-story Manhattan office building. According to combined media reports, the 600,000-square-foot property at the corner of Fifth Avenue and 44th Street was constructed in...
Hawaii Man Pleads Guilty to Defrauding 78-Year-Old Out of His Home and Yacht

Hawaii Man Pleads Guilty to Defrauding 78-Year-Old Out of His Home and Yacht

by Phil Hall | May 5, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

A Hawaii man has pleaded guilty to a federal criminal charge for defrauding a 78-year-old in Orange County, California, out of nearly $2 million in a scheme involving the victim’s home and yacht. John Tamahere McCabe of Kailua, Hawaii, pleaded guilty on Thursday to...
NYC Public Advocate Loses Brooklyn Home After 15 Years of Refusing to Pay His Mortgage

NYC Public Advocate Loses Brooklyn Home After 15 Years of Refusing to Pay His Mortgage

by Phil Hall | May 5, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York City’s Public Advocate Jumaane Williams lost a two-family home he owned in Brooklyn after refusing to pay his mortgage for the last 15 years. The New York Post reports that Williams – who is first in line to succeed the city’s mayor – purchased the home with...
Elon Musk’s SpaceX Facility to Become America’s Newest City

Elon Musk’s SpaceX Facility to Become America’s Newest City

by Phil Hall | May 5, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

America’s newest city took root on Saturday at the South Texas home of Elon Musk’s SpaceX rocket company. The Associated Press reports a weekend vote of 212-6 resulted in the green light to organize the Starbase facility and launch site into the City of Starbase. Most...
Burlington to Acquire 45 Store Locations from Bankrupt Retailer Jo-Ann

Burlington to Acquire 45 Store Locations from Bankrupt Retailer Jo-Ann

by Phil Hall | May 5, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The retailer Burlington Stores Inc. (NYSE: BURL) has signed a deal to take over the leases of 45 store locations that formerly housed the bankrupt craft company Jo-Ann. Burlington’s acquisition follows an expansion strategy by the company that saw the opening of 101...
Warren Buffett to Retire as Berkshire Hathaway’s Chief Executive at Year’s End

Warren Buffett to Retire as Berkshire Hathaway’s Chief Executive at Year’s End

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

Warren Buffett announced that he will retire as chief executive of Berkshire Hathaway (NYSE: BRK) at the end of the year. The Wall Street Journal reports the 94-year-old made the surprise announcement at the close of the company’s annual meeting in Omaha, Nebraska....
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