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Sony Pictures Entertainment Acquires Alamo Drafthouse Cinema Chain

Sony Pictures Entertainment Acquires Alamo Drafthouse Cinema Chain

by Phil Hall | Jun 12, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Sony Pictures Entertainment (SPE), a subsidiary of Tokyo-based Sony Group Corporation (NYSE:SONY), has announced its acquisition of the Alamo Drafthouse Cinema theater chain. The financial aspects of the acquisition were not announced. Alamo Drafthouse will continue...
Shawn Katz Named President at Silverstein Capital Partners

Shawn Katz Named President at Silverstein Capital Partners

by Phil Hall | Jun 12, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Silverstein Capital Partners, the lending platform of the New York City-based developer Silverstein Properties, announced the appointment of Shawn Katz as president. Katz takes over from Michael May, who is stepping down to pursue other interests. Katz was previously...
Cushman & Wakefield Executive Named New CEO at WeWork

Cushman & Wakefield Executive Named New CEO at WeWork

by Phil Hall | Jun 12, 2024 | Commercial Real Estate News, Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

The co-working flex space provider WeWork Inc. (OTCMKTS: WEWKQ) announced it has emerged from Chapter 11 and appointed John Santora as CEO, effective today. Santora joins WeWork from Cushman & Wakefield, where he most recently served as the firm’s tri-state...
Dallas Pastor Sentenced to 35 Years for Deed Fraud Against Three Churches

Dallas Pastor Sentenced to 35 Years for Deed Fraud Against Three Churches

by Phil Hall | Jun 11, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

A Dallas-area pastor was sentenced to 35 years for property theft involving three churches. Whitney Foster led True Foundation Non-Denominational Church, a small congregation without a physical place of worship. According to the charges brought against him, Foster...
Report: Community Bank Earnings to Drop By 12% Year-Over-Year

Report: Community Bank Earnings to Drop By 12% Year-Over-Year

by Phil Hall | Jun 11, 2024 | Commercial Real Estate News, Current News & Events, Industry Updates, WRE News Exclusive

U.S. community bank earnings for 2024 are expected to be 12% lower compared to one year ago, according to a new report from S&P Global Market Intelligence. The newly published “2024 U.S. Community Bank Market Report” found elevated interest rates are pressuring...
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