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New Forecast Predicts Pricing Increases for NYC Commercial Properties

New Forecast Predicts Pricing Increases for NYC Commercial Properties

by Phil Hall | Aug 5, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The commercial real estate investment firm KPG Funds has released a forecast predicting a significant increase in New York City’s commercial property values, with expectations of a 50% to 60% rise in pricing as interest rates decline. KPG Funds is projecting a pricing...
Brennan Investment Group Names Zane Smith as VP for Dallas-Fort Worth Region

Brennan Investment Group Names Zane Smith as VP for Dallas-Fort Worth Region

by Phil Hall | Aug 5, 2024 | Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Brennan Investment Group, a Rosemont, Illinois-headquartered real estate investment firm focused on industrial properties, has hired Zane Smith as vice president for the Dallas-Fort Worth region. In his new role, Zane will be involved in sourcing and closing both new...
Manhattan Office Building Sells in Auction at 97.5% Loss

Manhattan Office Building Sells in Auction at 97.5% Loss

by Phil Hall | Aug 5, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

A 23-story Manhattan office tower that sold in 2006 for $332 million has changed hands in an online auction for $8.5 million – a 97.5% loss. The New York Times reported the owner of the property, an investment fund run by UBS Realty Investors, had previously tried to...
Chevron Relocates HQ from California to Texas

Chevron Relocates HQ from California to Texas

by Phil Hall | Aug 2, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Chevron Corporation (NYSE:CVX) announced the relocation of its corporate headquarters from California to Texas. The company, which traces its California roots back to the 1870s is taking its leadership offices from San Ramon to Houston before the end of the year....
West Virginia Governor Blames James Dimon for Foreclosure Auction of Historic Hotel

West Virginia Governor Blames James Dimon for Foreclosure Auction of Historic Hotel

by Phil Hall | Aug 2, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The Greenbrier Hotel, the historic West Virginia lodging establishment, is at the center of a controversy that encompasses the upcoming election and JPMorgan (NYSE:JPM) chief Jamie Dimon. WCHS-TV reports the Greenbrier is owned by West Virginia Gov. Jim Justice and...
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