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Fort Worth’s Tallest Building Sells in Foreclosure Auction for $12.3 Million

Fort Worth’s Tallest Building Sells in Foreclosure Auction for $12.3 Million

by Phil Hall | May 13, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The 40-story Burnett Plaza, the tallest building in Fort Worth, was sold in a foreclosure auction for $12.3 million. The Dallas Business Journal reported the 1 million-square-foot office building was purchased at about $12 per square foot, which was less than 1% of...
Developer Cancels Plans for Connecticut Biotech Park

Developer Cancels Plans for Connecticut Biotech Park

by Phil Hall | May 10, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The plans for a sprawling biotech park in Connecticut that were unveiled in April 2023 have been quietly canceled. Ryan Companies, a Minnesota-based developer, proposed the creation of 120-acre HealthTech Park on former farmland located along Interstate 95 outside of...
Report: Sony’s Acquisition of Paramount Would Include Sale of Hollywood Studios

Report: Sony’s Acquisition of Paramount Would Include Sale of Hollywood Studios

by Phil Hall | May 10, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

One of Hollywood’s most iconic entertainment industry properties could soon be listed for sale if a major corporate acquisition is secured. Bloomberg reported the historic 65-acre Paramount Pictures studios facility would be sold if Sony Group Corp. (NYSE:SONY) and...
Dunn Brothers Coffee Chain to Add 250 Stores Over Next 5 Years

Dunn Brothers Coffee Chain to Add 250 Stores Over Next 5 Years

by Phil Hall | May 10, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The Minneapolis-headquartered coffee company Dunn Brothers is planning a franchise expansion that will grow its presence with 250 new stores over the next five years. According to combined media sources, Dunn Brothers currently operates 50 stores in seven states, with...
Q1 Commercial and Multifamily Mortgage Originations Remain Muted

Q1 Commercial and Multifamily Mortgage Originations Remain Muted

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

First quarter commercial and multifamily mortgage loan originations were essentially unchanged from one year earlier but were down 23% from the previous quarter, according to new data from the Mortgage Bankers Association (MBA). During the first quarter, there was a...
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