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Hits and Misses for the Real Estate Week of Aug. 5-9

Hits and Misses for the Real Estate Week of Aug. 5-9

by Phil Hall | Aug 9, 2024 | Commercial Real Estate News, Current News & Events, Hits and Misses, Real Estate News, WRE News Exclusive

An office building that sold at a tremendous loss, a community of 3D printed homes and Gavin Newsom cleaning up Los Angeles. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Aug. 5-9. Miss: Who Wants to Buy a Cheap Office...
Seattle’s Historic Smith Tower Skyscraper is Sold to Investors Group

Seattle’s Historic Smith Tower Skyscraper is Sold to Investors Group

by Phil Hall | Aug 9, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Smith Tower, the 42-story building that became Seattle’s first skyscraper in 1914, has been acquired by a group of local investors led by Seattle-based GT Capital in a transaction that also included the Butler Garage, a parking space in the city’s Pioneer Square...
Bill Ackman Mulls Taking Howard Hughes Corp. Private

Bill Ackman Mulls Taking Howard Hughes Corp. Private

by Phil Hall | Aug 9, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Hedge fund executive Bill Ackman is considering a plan to take the Houston-based real estate firm Howard Hughes Corp. (NYSE:HHH) private. According to combined news reports, Ackman made his announcement in a regulatory filing. Ackman owns more than 37% of HHH’s stock...
Rosewood Hotels & Resorts Plans New Bahamas Destination

Rosewood Hotels & Resorts Plans New Bahamas Destination

by Phil Hall | Aug 8, 2024 | Commercial Real Estate News, Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

The Hong Kong-headquartered Rosewood Hotels & Resorts is expanding its Caribbean presence with a new resort planned for the Bahamas. The planned Rosewood Exuma will be developed in partnership with Yntegra Group, a Miami-based private investment company. The...
Historic Harlem Church Being Sold to Become Mixed-Use Development

Historic Harlem Church Being Sold to Become Mixed-Use Development

by Phil Hall | Aug 8, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

A historic church in the Harlem section of New York City is under contract to be sold for conversion into a mixed-used development. Crain’s New York reported Transfiguration Lutheran Church and two adjacent brownstones are under contract for $3.5 million to Brooklyn...
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