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Trump Sets April 14 Deadline for Agencies to Submit Office Relocation Plans

Trump Sets April 14 Deadline for Agencies to Submit Office Relocation Plans

by Phil Hall | Feb 27, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The Trump administration has set an April 14 deadline for federal agency director to submit plans for moving offices to “less-costly parts of the country.” The Washington Post reports the guidance was issued by the directors of the Office of Management and Budget and...
NYC’s Historic Roosevelt Hotel to Cease Operating as Migrant Shelter

NYC’s Historic Roosevelt Hotel to Cease Operating as Migrant Shelter

by Phil Hall | Feb 25, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

New York City Mayor Eric Adams has announced the historic Roosevelt Hotel will cease to serve as a migrant shelter in June. The Wall Street Journal reports Adams’ administration said plans to close the hotel were being formulated since December, when the number of...
Survey: 70% of Remote/Hybrid Workers Would Rather Get New Job Than Return to Office

Survey: 70% of Remote/Hybrid Workers Would Rather Get New Job Than Return to Office

by Phil Hall | Feb 25, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Here’s some potentially bad news for the office property sector: a new survey from FTI Consulting Inc. (NYSE: FCN) found most US workers (70%) who are currently either fully remote or in a hybrid arrangement said they are very likely or somewhat likely to seek another...
TECfusions Acquires 73 Acres for Virginia Data Center Expansion

TECfusions Acquires 73 Acres for Virginia Data Center Expansion

by Phil Hall | Feb 24, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

TECfusions, a Tampa-headquartered global data center operator, announced the strategic acquisition and rezoning of 73 acres in Clarksville, Virginia, for a new data center expansion project. According to the company, the expansion project involves the consolidation of...
CBRE Forecasts Strong Year for US Hotel Industry

CBRE Forecasts Strong Year for US Hotel Industry

by Phil Hall | Feb 21, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

CBRE (NYSE: CBRE) is predicting a vibrant 2025 for the US hotel industry with a new forecast that expects revenue per available room (RevPAR) to enjoy steady growth throughout the year. CBRE is forecasting a 2.0% increase in RevPAR growth this year, with occupancy...
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