Trump Organization Previews $1 Billion Saudi Residential Development

by Phil Hall | Jan 12, 2026 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

The Trump Organization is partnering with Dar Global, the international arm of the luxury developer Dar Al Arkan, announced their third collaboration in Saudi Arabia with the launch of the $1 billion Trump Plaza Jeddah. The new development will encompass fully...

Macy’s to Close 14 Stores Across 12 States

by Phil Hall | Jan 12, 2026 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Macy’s Inc. (NYSE: M) is planning to close 14 stores in 12 states during the first part of this year. The retailer will shutter the stores following clearance sales that are set to begin in mid-January and run for approximately 10 weeks. In an email shared with...

Furniture Retailer Closing All 89 Stores

by Phil Hall | Jan 12, 2026 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

A bankruptcy court has approved the Going Out of Business sales of all 89 remaining stores owned by American Signature Inc. The sale involves 79 stores in 13 states that operated under the Value City Furniture brand and 10 stores in Delaware and Florida that operated...

Report: FHFA’s Pulte Instigated Subpoena and Indictment Threat Against Powell

by Phil Hall | Jan 12, 2026 | Current News & Events, Real Estate News, WRE News Exclusive

The Trump administration’s surprise decision to subpoena Federal Reserve Chairman Jerome Powell and threaten him with an indictment over alleged perjury during a congressional hearing was reportedly fueled at the insistence of Federal Housing Finance Agency (FHFA)...

Powell Announces He is Target of DOJ Criminal Probe

by Phil Hall | Jan 11, 2026 | Current News & Events, Real Estate News, WRE News Exclusive

Federal Reserve Chairman Jerome Powell announced the Department of Justice (DOJ) has served the central bank with grand jury subpoenas related to his testimony last June before the Senate Banking Committee related to the renovation of the Fed’s headquarters. In an...