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Brennan Investment Group Begins Construction on Texas Cross-Dock Facility

Brennan Investment Group Begins Construction on Texas Cross-Dock Facility

by Phil Hall | Mar 28, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Brennan Investment Group, a Chicago-headquartered private real estate investment firm specializing in the acquisition, development, and operation of U.S. industrial facilities, has begun construction on a Class A, cross-dock building situated on 24.18 acres in Laredo,...
Self-Storage Sector Continues to Face Negative Street Rate Growth

Self-Storage Sector Continues to Face Negative Street Rate Growth

by Phil Hall | Mar 27, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The annual street rate growth in the self-storage real estate sector remained negative in February, according to new data report from Yardi Matrix. Last month, the average annualized same-store asking rent per square foot for combined mix of unit sizes reached an...
New Study Finds 282 Banks Carrying High Levels of Commercial Real Estate Exposure

New Study Finds 282 Banks Carrying High Levels of Commercial Real Estate Exposure

by Phil Hall | Mar 26, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

An analysis of approximately 4,000 banks by the consultancy Klaros Group has determined that 282 of these institutions carry high levels of commercial real estate exposure and large unrealized losses from the Federal Reserve’s rate hikes. According to a CNBC report,...
Report: Adam Neumann Seeks to Regain Control of WeWork via Acquisition

Report: Adam Neumann Seeks to Regain Control of WeWork via Acquisition

by Phil Hall | Mar 26, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Adam Neumann, the co-founder and former CEO of the bankrupt WeWork Inc. (OTCMKTS: WEWKQ), submitted an offer to acquire the co-working company for more than $500 million. According to a Wall Street Journal report sourced from unnamed “people familiar with the matter,”...
University of Rochester Creates New Position to Oversee Real Estate Portfolio

University of Rochester Creates New Position to Oversee Real Estate Portfolio

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

New York’s University of Rochester has created a new position to lead its real estate strategy. Andrea Tompkins Wright, an attorney and senior vice president of property management at Broadstone Net Lease Inc., was appointed the inaugural associate vice president for...
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