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Realtor.com Moves HQ from California to Texas

Realtor.com Moves HQ from California to Texas

by Phil Hall | Feb 6, 2025 | Commercial Real Estate News, Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

Realtor.com is relocating its corporate headquarters from Santa Clara, California, to the Texas capital of Austin. The company was originally located in San Jose when it was founded in 1995 and moved to Santa Clara in 2016. Realtor.com’s leadership made the...
CMBS Delinquency Rate Down by 1 Basis Point

CMBS Delinquency Rate Down by 1 Basis Point

by Phil Hall | Feb 3, 2025 | Commercial Real Estate News, Current News & Events, Market Snapshot, Real Estate Investing, Real Estate News, WRE News Exclusive

The delinquency rate on commercial mortgage-backed securities (CMBS) dipped by 1 basis point in January to 6.56%, according to data from Trepp Inc. One year ago, the CMBS delinquency rate was 4.66%. “This pullback follows six straight months of increases to the...
IBM Expands NYC Office Space by 92,663 Square Feet

IBM Expands NYC Office Space by 92,663 Square Feet

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

SL Green Realty Corp. (NYSE: SLG) has signed a 92,663-square-foot expansion lease with IBM (NYSE: IBM) at One Madison Avenue at New York City, increasing the tech giant’s total footprint at the property to 362,092 square feet. The 15-year lease covers the entire...
WWE’s Former Headquarters Sells for $3.75 Million

WWE’s Former Headquarters Sells for $3.75 Million

by Phil Hall | Jan 23, 2025 | Commercial Real Estate News, Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The former headquarters of the WWE sports-entertainment empire was sold for $3.75 million to a developer who plans to transform the empty office property into luxury apartments. The Hartford Business Journal reports the 90,000-square-foot office building in Stamford,...
Report: Trump Considers Selling Two-Thirds of Federal Office Properties

Report: Trump Considers Selling Two-Thirds of Federal Office Properties

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

The newly inaugurated Trump administration is reportedly mulling the sale of two-thirds of the federal government’s office properties to the private sector. The Wall Street Journal, sourcing its coverage from unnamed “people familiar with the transition operations,”...
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