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Former Greek Orthodox Church Becomes Home for Indianapolis Opera

Former Greek Orthodox Church Becomes Home for Indianapolis Opera

by Phil Hall | Aug 15, 2023 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

A 60-year-old former church in Indianapolis has a new lease on life as the home of an opera company. According to a WISH-TV report, the former Holy Trinity Greek Orthodox Church has been renamed Basile Opera Center and has been realigned as the new permanent home of...
San Francisco Commercial Property Owners Overwhelm City With Assessment Cut Requests

San Francisco Commercial Property Owners Overwhelm City With Assessment Cut Requests

by Phil Hall | Aug 14, 2023 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

San Francisco’s commercial real estate owners have been aggressively lobbying to lower their property assessments and tax payments in the wake of the troubled city’s declining real estate prices. According to a Bloomberg report, Brookfield Corp. and Blackstone Inc....
Malibu Rehab Center That Treated Lindsay Lohan and Charlie Sheen Listed for Sale at $19.9 Million

Malibu Rehab Center That Treated Lindsay Lohan and Charlie Sheen Listed for Sale at $19.9 Million

by Phil Hall | Aug 11, 2023 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The Malibu, California-based site of a former rehabilitation center that received international attention for treating celebrities dealing with addiction, exhaustion and other self-induced health issues has been listed for sale at $19.9 million. PopCrush.com reported...
Demand for Retail Space Up by 21 Million SF in First Half of Year

Demand for Retail Space Up by 21 Million SF in First Half of Year

by Phil Hall | Aug 9, 2023 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The first six months of this year have been very good to the brick-and-mortar retail sector, according to new data from CoStar Group. Demand for retail space increased by 21 million square feet in the first half of 2023. Despite a lethargic economy, CoStar found...
One-Third of Apartments in Adaptive Reuse Projects Came from Office Buildings

One-Third of Apartments in Adaptive Reuse Projects Came from Office Buildings

by Phil Hall | Aug 8, 2023 | Commercial Real Estate News, Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 10,090 apartments were created in 2022 by converting other commercial real estate properties into housing, according to a new RentCafe analysis of Yardi Matrix data. Office buildings were the main source of converted apartments last year, with a 33.6% share...
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