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Commercial Real Estate News for Thursday, October 27

Start strong in the second-half of your Thursday with these three articles.

Cash-strapped Archdiocese sees high-rise towers for Cathedral campus

The Archdiocese of Philadelphia had a vision—and it involves hundreds of new buildings around its central cathedral. Many churches are suffering from financial woes and are looking to real estate to provide some relief from the dropping attendance rates.

Cushman & Wakefield shakes up US leadership

Cushman and Wakefield, one of the largest commercial real estate firms in the world, has made a big swap in its upper-management. Global president Tod Lickerman will become Americas CEO, while Joe Stettinius will move to oversee brokerage and capital markets in the US.

Chicago developer puts big downtown Phoenix parcel up for sale

Speaking of Cushman and Wakefield, they’ve been tapped by a Chicago developer to sell a large parcel of land in downtown Phoenix.