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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....
Hits and Misses for the Real Estate Week of April 28-May 2

Hits and Misses for the Real Estate Week of April 28-May 2

by Phil Hall | May 2, 2025 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The too-high cost for homebuying, the effects of plumbing mishaps on household budgets, and an XL-sized lease in New York City’s office market. From the wild and wooly world of real estate, here are our Hits and Misses for the week of April 28-May 2. Miss: A Dent to...
Social Media Influencer Charged with Defrauding Real Estate Investors Out of $11 Million

Social Media Influencer Charged with Defrauding Real Estate Investors Out of $11 Million

by Phil Hall | May 2, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

A social media influencer who provides financial advice to over a million followers faces federal charges that claim he defrauded investors out of more than $11 million. Tyler Bossetti was charged in US District Court in Columbus, Ohio, with wire fraud and aiding in...
Chicago Real Estate Developer Sentenced for Embezzlement That Fueled Bank’s Failure

Chicago Real Estate Developer Sentenced for Embezzlement That Fueled Bank’s Failure

by Phil Hall | May 2, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

A Chicago real estate developer was sentenced to six years and eight months in prison for participating in a conspiracy that embezzled millions of dollars from the failed Washington Federal Bank for Savings. Washington Federal was based in Chicago’s Bridgeport...
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