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Disney Offers Preview of Upcoming Pixar Place Hotel

Disney Offers Preview of Upcoming Pixar Place Hotel

by Phil Hall | May 26, 2023 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

As the Walt Disney Co. (NYSE:DIS) prepares to shutter its Star Wars: Galactic Cruiser hotel in Orlando, it is also offering a preview of what to expect from the Pixar Place Hotel at Disneyland Resort in Anaheim, California. The 15-story establishment is a reimagining...
Sydney Opera House Receives 6 Star Rating for Sustainability

Sydney Opera House Receives 6 Star Rating for Sustainability

by Phil Hall | May 25, 2023 | Commercial Real Estate News, Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

Australia’s Sydney Opera House is hailed as one of the world’s most visually innovative structures. And now it can also claim to be a global leader in sustainability. According to a report from Facilities Management Advisor, the Sydney Opera House was awarded a 6 Star...
CBRE Forecasts Stronger Performance by the Hotel Industry

CBRE Forecasts Stronger Performance by the Hotel Industry

by Phil Hall | May 24, 2023 | Commercial Real Estate News, Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

CBRE Group (NYSE:CBRE) has raised its forecast for hotel performance this year, citing stronger-than-expected demand and more modest supply growth drive occupancy gains. In its revised forecast, CBRE is predicting 2023 revenue per available room (RevPAR) will reach...
Fitch Ratings Warns Commercial Real Estate Risks Are Not Limited to Office Properties

Fitch Ratings Warns Commercial Real Estate Risks Are Not Limited to Office Properties

by Phil Hall | May 23, 2023 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

While the office property sector has generated a surplus amount of attention from anxious lenders and investors, a new warning from Fitch Ratings insisted the risks from higher interest rate encompasses the wider commercial real estate (CRE) market. “The roughly $3...
Market Spotlight: Parking Space Debate Reshapes Detroit’s Real Estate Scene

Market Spotlight: Parking Space Debate Reshapes Detroit’s Real Estate Scene

by Phil Hall | May 18, 2023 | Commercial Real Estate News, Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

Fans of Joni Mitchell will remember this chorus of her classic tune “Big Yellow Taxi”:  Don’t it always seem to go / That you don’t know what you got ’til it’s gone? / They paved paradise, put up a parking lot. The message of that golden oldie...
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