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Owner of Trump’s Former DC Hotel Loses Rights to Property

Owner of Trump’s Former DC Hotel Loses Rights to Property

by Phil Hall | Aug 6, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The investment firm that acquired the Washington, D.C., hotel formerly operated by former President Donald Trump’s company has lost the property in a foreclosure auction two years after buying it for $375 million. The Wall Street Journal reported Miami-based CGI...
Judge Blocks Foreclosure Auction of Elvis Presley’s Graceland

Judge Blocks Foreclosure Auction of Elvis Presley’s Graceland

by Phil Hall | May 22, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

A Tennessee judge has blocked the planned foreclosure auction of Graceland, the former estate of Elvis Presley. The Associated Press reported that Shelby County Chancellor JoeDae Jenkins issued a temporary injunction against the proposed auction, which was slated to...
Fort Worth’s Tallest Building Sells in Foreclosure Auction for $12.3 Million

Fort Worth’s Tallest Building Sells in Foreclosure Auction for $12.3 Million

by Phil Hall | May 13, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The 40-story Burnett Plaza, the tallest building in Fort Worth, was sold in a foreclosure auction for $12.3 million. The Dallas Business Journal reported the 1 million-square-foot office building was purchased at about $12 per square foot, which was less than 1% of...
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