Feds Pay $87.4 Million for Pennsylvania Warehouse to Become Immigration Detention Center

by Phil Hall | Feb 3, 2026 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The Trump administration has paid $87.4 million purchased a nearly 520,000-square-foot warehouse in Pennsylvania’s Berks County for use as an immigration detention center. ABC27.com reports the warehouse was acquired on behalf of the Department of Homeland Security...

Eddie Bauer Retail Stores Face Closing Amid Bankruptcy Reports

by Phil Hall | Feb 3, 2026 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The outdoor apparel chain Eddie Bauer is in line to become the next retailer to shut down its stores. According to combined media reports, Catalyst Brands, which operates the Eddie Bauer retail chain, is preparing to file for Chapter 11 bankruptcy. However, while some...

Disney Names Josh D’Amaro to Succeed Bob Iger as CEO

by Phil Hall | Feb 3, 2026 | Commercial Real Estate News, Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Walt Disney Company (NYSE: DIS) announced that Josh D’Amaro will become CEO on March 18, succeeding Bob Iger. D’Amaro, who is also joining the board of directors, has served as chairman of the Disney Experiences segment since 2020, where he oversees 12 theme parks...

Median Luxury Home Sale Price Reaches $1.31 Million

by Phil Hall | Feb 3, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median luxury home sale price reached $1.31 million in December, a 4.6% year-over-year increase, according to a new report from Redfin. By comparison, non-luxury prices rose 1.4% over the same period to $375,000, marking the slowest growth in records dating back...

Oklahoma Gov. Stitt Calls for Freeze on Property Taxes

by Phil Hall | Feb 3, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Oklahoma’s Gov. Kevin Stitt used his final State of the State address to call for a statewide property tax freeze. News9.com reports the term-limited Republican governor argued that a growing number of state residents are unable to obtain homeownership due to elevated...