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Utah’s Sundance Film Festival Seeks New Host Venue

Utah’s Sundance Film Festival Seeks New Host Venue

by Phil Hall | Apr 19, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

One of the most prestigious movie industry events is looking for a new host city. According to a Variety report, the Sundance Film Festival has launched a Request for Information (RIF) process for U.S. cities that would be interested in hosting the annual celebration...
Commercial Real Estate Foreclosures Up 117% From Last Year

Commercial Real Estate Foreclosures Up 117% From Last Year

by Phil Hall | Apr 18, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

A total of 625 commercial real estate foreclosures were recorded in March, according to new data from ATTOM. This is up 6% from February and up by 117% from March 2023. California had the highest number of commercial foreclosures last month at 187, up 8% from February...
Disneyland’s $1.9 Billion Expansion Plan Get Preliminary OK from Anaheim City Council

Disneyland’s $1.9 Billion Expansion Plan Get Preliminary OK from Anaheim City Council

by Phil Hall | Apr 17, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The Walt Disney Co. (NYSE:DIS) cleared a major hurdle in its proposed $1.9 billion expansion of Disneyland with the Anaheim City Council giving preliminary approval for its development plans. KTLA reported the city council voted 7-0 in favor of the proposal early...
Blackstone Seeks Buyer for Motel 6 Lodging Chain

Blackstone Seeks Buyer for Motel 6 Lodging Chain

by Phil Hall | Apr 17, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The real estate division of Blackstone (NYSE:BX) is reportedly seeking a buyer for the holding company of the discount lodging chain Motel 6. Blackstone acquired the brand in 2012 for $1.9 billion from the French company Accor SA and established G6 Hospitality as its...
Red Lobster Reportedly Considering Bankruptcy Filing

Red Lobster Reportedly Considering Bankruptcy Filing

by Phil Hall | Apr 17, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The seafood restaurant chain Red Lobster is reportedly exploring a bankruptcy filing. Red Lobster has 649 restaurants, primarily in the U.S. and Canada. According to a Bloomberg News report sourced from unnamed “people with knowledge of the matter,” the...
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