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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...

Sam Zell, Prominent Commercial Real Estate Executive, Dies at 81

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

Sam Zell, one of the most influential figures in the U.S. commercial real estate industry, passed away at the age of 81. Zell became involved in real estate when he managed student housing while he was an undergraduate at the University of Michigan and co-founded...
Something Fishy is Going On: SeaWorld Owes San Diego $12M in Unpaid Rent

Something Fishy is Going On: SeaWorld Owes San Diego $12M in Unpaid Rent

by Phil Hall | May 17, 2023 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

San Diego’s City Council is complaining about a distinctive piscine aroma coming from SeaWorld San Diego, which is in default on rent payments to the city despite generating record-breaking revenue. According to the Inside the Magic blog, the San Diego City Council...
NYC Officials Seeking Vacant Office Properties to House Illegal Immigrant Influx

NYC Officials Seeking Vacant Office Properties to House Illegal Immigrant Influx

by Phil Hall | May 17, 2023 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

New York City officials have begun to hunt through real estate listings for vacant office space in an attempt to find available shelter for the growing number of illegal immigrants that are being relocated into the city following the termination of Title 42. The New...
Three New Luxury Hotels Planned for Saudi Capital

Three New Luxury Hotels Planned for Saudi Capital

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

The French hospitality group Accor (OTC:ACCYY) has partnered with Saudi Arabia’s Erth Real Estate Co. on an endeavor to open three new luxury hotels in the Saudi capital of Riyadh. The hotels are part of new master planned development project and will include a...
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