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Fashion Retailer Express Files for Bankruptcy, Plans to Close Up to 100 Stores

Fashion Retailer Express Files for Bankruptcy, Plans to Close Up to 100 Stores

by Phil Hall | Apr 22, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The fashion retailer Express Inc. (OTC:EXPR) has filed for Chapter 11 bankruptcy and is planning to close more than 100 stores. According to a Reuters report, the company started in 1980 and company operates about 530 Express retail and Express Factory Outlet stores,...
Joel Sebree Resigns as CEO at California Association of Realtors

Joel Sebree Resigns as CEO at California Association of Realtors

by Phil Hall | Apr 22, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

John Sebree has resigned as the CEO of the California Association of Realtors (CAR). Sebree joined CAR two years ago from Missouri Realtors, replacing Joel Singer who retired after 32 years as CEO. Earlier in his career, Sebree was senior vice president of public...
Will Forcello Named Managing Director at CBRE

Will Forcello Named Managing Director at CBRE

by Phil Hall | Apr 22, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

CBRE Group Inc. (NYSE:CBRE) has promoted Will Forcello to managing director. In his new position, Forcello will be a key business leader for CBRE’s New Jersey market and will continue to serve as market leader for the firm’s Central New Jersey business. Forcello was...
NY Attorney General Seeks to Void Trump’s $175 Million Bond in Valuation Fraud Case

NY Attorney General Seeks to Void Trump’s $175 Million Bond in Valuation Fraud Case

by Phil Hall | Apr 22, 2024 | Commercial Real Estate News, Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

New York Attorney General Letitia James is seeking to void the $175 million bond that former President Trump put forth in his civil fraud case relating to the valuation of his properties. The Hill reported that James’ office argued in court filings on Friday that that...
Biden Awards $7 Billion for Residential Solar Projects

Biden Awards $7 Billion for Residential Solar Projects

by Phil Hall | Apr 22, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

President Joe Biden is using today’s observance of Earth Day to announce $7 billion in new grants for residential solar projects in low- and middle-income communities. The Associated Press reported the grants will be awarded by the Environmental Protection Agency,...
Report: Nearly Half of China’s Cities are Sinking

Report: Nearly Half of China’s Cities are Sinking

by Phil Hall | Apr 22, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Chinese real estate industry’s problems have expanded from economic to ecological woes, as new research published in the journal Science found nearly half of China’s major cities are sinking. Reuters reported 45% of China’s urban land was sinking faster than...
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