Commercial Real Estate
Sen. Bernie Sanders Calls for Moratorium on Data Center Construction
Sen. Bernie Sanders (I-VT) has called for a halt to the construction of artificial intelligence (AI) data center, claiming the technology is developing too quickly and is creating environmental problems. “I will be pushing for a moratorium on the construction of data...
Chicago Bears, Stymied in Push for New Stadium, Floats Idea for Relocation to Indiana
Illinois Gov. JB Pritzker has been skeptical of the new stadium project. Continue Reading Chicago Bears, Stymied in Push for New Stadium, Floats Idea for Relocation to Indiana
Colorado Church Becomes First to Tokenize
One Hope seeks to raise $2.5 million in its first year as part of an initial phase to accredited investors. Continue Reading Colorado Church Becomes First to Tokenize
7-Eleven Parent Company Receives Acquisition Bid
If the deal goes through, it will create one of the world’s largest retail networks. Continue Reading 7-Eleven Parent Company Receives Acquisition Bid
Hyatt Sells Orlando Hotel for $1 Billion
The Hyatt Regency Orlando is the company’s fourth largest hotel globally by room count. Continue Reading Hyatt Sells Orlando Hotel for $1 Billion
BurgerFi Mulls Bankruptcy, With 100 Eateries Facing Closure
BurgerFi closed 14 restaurants during fiscal 2023 and another eight units in the first quarter this year. Continue Reading BurgerFi Mulls Bankruptcy, With 100 Eateries Facing Closure
Hits and Misses for the Real Estate Week of Aug. 12-16
This week’s Hits and Misses involve Kamala Harris’ housing plans, a new era in real estate commissions and a new assault on phony online reviews. Continue Reading Hits and Misses for the Real Estate Week of Aug. 12-16
T&T Supermarket, Canadian Asian Grocery Retailer, to Open First California Store
The company expects to create 200 jobs with the new store. Continue Reading T&T Supermarket, Canadian Asian Grocery Retailer, to Open First California Store
CBRE Adjusts 2024 Hotel Forecast, Citing Economic Conditions
CBRE is now projecting a 1.2% increase in revenue per available room growth for 2024. Continue Reading CBRE Adjusts 2024 Hotel Forecast, Citing Economic Conditions
Trump Organization Plans Residential and Retail Project for Florida Golf Resort
The new project, which would carry the Trump brand, is budgeted at costing between $2.5 billion and $3 billion. Continue Reading Trump Organization Plans Residential and Retail Project for Florida Golf Resort
UBS to Close Real Estate Fund Focused on Office Market
The market value of the fund’s assets decreased 12% during the first half of the year. Continue Reading UBS to Close Real Estate Fund Focused on Office Market
Senior Living Provider LCS Announces Leadership Changes
Chris Bird, LCS’ president and chief operating officer, will succeed Joel Nelson as CEO. Continue Reading Senior Living Provider LCS Announces Leadership Changes
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