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Executive Changes Announced at Newmark Group

Executive Changes Announced at Newmark Group

by Phil Hall | Feb 19, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Newmark Group Inc. (NASDAQ: NMRK) announced CEO Barry M. Gosin will take on the additional role of chairman of its operating company, Newmark & Company Real Estate Inc., while Executive Vice President and Chief Legal Officer Stephen Merkel has been named chairman...
Another Major Tenant to Depart Beleaguered San Francisco Centre Mall

Another Major Tenant to Depart Beleaguered San Francisco Centre Mall

by Phil Hall | Feb 17, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The San Francisco Centre mall has lost another major tenant as Burke Williams Day Spa announced it will be leaving the property on April 28. The San Francisco Chronicle reports Burke Williams’ 16,000-square-foot spa, the largest in San Francisco, has been a tenant of...
Crypto-Only Buyer Sought for $28 Million Manhattan Office Property

Crypto-Only Buyer Sought for $28 Million Manhattan Office Property

by Phil Hall | Feb 14, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A Manhattan office building has been listed for $28 million, but there’s a catch – the property owner will only sell it to a buyer who pays in cryptocurrency. Bisnow.com reports Okada & Co. acquired 111 West 24th Street in 2021 for $16 million. The following year,...
Real Estate Investment Firm Head Pleads Guilty to $62.8 Million Fraud Scheme

Real Estate Investment Firm Head Pleads Guilty to $62.8 Million Fraud Scheme

by Phil Hall | Feb 13, 2025 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The head of a New York City commercial real estate investment firm pleaded guilty for coordinating a fraud scheme that siphoned $62.8 million from more than 800 investors. Elchonon “Elie” Schwartz, in his role as the CEO of Nightingale Properties, solicited...
Craft Retailer Jo-Ann Plans to Close 500 Stores

Craft Retailer Jo-Ann Plans to Close 500 Stores

by Phil Hall | Feb 12, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

One month after its second bankruptcy filing within a year, the craft retailer Jo-Ann is preparing to close approximately 530 stores across more than 40 states. Nexstar reports the company planned to keep all its roughly 800 stores open throughout the bankruptcy...
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