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Will Forcello Named Managing Director at CBRE

Will Forcello Named Managing Director at CBRE

by Phil Hall | Apr 22, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

CBRE Group Inc. (NYSE:CBRE) has promoted Will Forcello to managing director. In his new position, Forcello will be a key business leader for CBRE’s New Jersey market and will continue to serve as market leader for the firm’s Central New Jersey business. Forcello was...
Hits and Misses for the Real Estate Week of April 15-19

Hits and Misses for the Real Estate Week of April 15-19

by Phil Hall | Apr 19, 2024 | Commercial Real Estate News, Current News & Events, Hits and Misses, Real Estate News, U.S. Housing Market, WRE News Exclusive

A trio of troubling housing market data reports, a new wave of Texas residents and an unlikely KISS tribute. From the wild and wooly world of real estate, here are our Hits and Misses for the week of April 15-19. MISS: Going Down the Wrong Road? This week witnessed...
North Carolina Mobile Home Community Sells for $12.8 Million

North Carolina Mobile Home Community Sells for $12.8 Million

by Phil Hall | Apr 19, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The commercial real estate brokerage Marcus & Millichap (NYSE: MMI) announced the $12.8 million the sale of Cape Fear Village, a 183-lot mobile home property located in Fayetteville, North Carolina. Cape Fear Village opened in 2000 and spans 45.8 acres. The...
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...
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