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Ohio Lawmakers Propose $600 Million for Cleveland Browns’ New Stadium

Ohio Lawmakers Propose $600 Million for Cleveland Browns’ New Stadium

by Phil Hall | Jun 5, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Ohio legislators are considering a proposal to allocate $600 million to the construction of a new $3.4 billion stadium for the NFL’s Cleveland Browns. WKYC.com reports State Sen. Jerry Cirino, a Republican, is advocating for the money to come from the state’s $3.7...
Joseph Yi Named Chief Investment Officer at Palette Hotels

Joseph Yi Named Chief Investment Officer at Palette Hotels

by Phil Hall | Jun 5, 2025 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Palette Hotels, a New York City-based hotel management company, has hired Joseph Yi as its chief investment officer. In his new role, Yi will oversee the firm’s investment platform, grow the company’s corporate-owned and third-party asset management portfolio and lead...
San Francisco’s Market Center Complex Sold at a Steep Discount

San Francisco’s Market Center Complex Sold at a Steep Discount

by Phil Hall | Jun 3, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

San Francisco’s beleaguered office property market received a boost of activity – albeit of a discounted nature – with the acquisition of the Market Center complex by restaurant franchise magnate Greg Flynn and the investment firm DRA Advisors. The property, which...
Chicago Fire to Build $650 Million Soccer Stadium Without Public Funding

Chicago Fire to Build $650 Million Soccer Stadium Without Public Funding

by Phil Hall | Jun 3, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Now, here’s something that we don’t see every day: a professional sports team that is willing to pay for a new stadium without any public funding. The Wall Street Journal reports Major League Soccer’s Chicago Fire has reached a deal with its hometown’s officials to...
Oceanfront Oregon Hotel Listed for Sale

Oceanfront Oregon Hotel Listed for Sale

by Phil Hall | Jun 3, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Hilco Real Estate Sales and Marcus & Millichap (NYSE: MMI) announced the sale of the Shilo Inns Newport Oceanfront, a 179-room, full-service hotel located directly on the Pacific Ocean at Newport, Oregon. The hotel was built in 1966 and spans nearly 2.5 acres...
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