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$475 Million Financing Secured for 800,000-Square-Foot Burbank Office Project

$475 Million Financing Secured for 800,000-Square-Foot Burbank Office Project

by Phil Hall | Mar 21, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The developer Worthe Real Estate Group and the real estate investment management firm Stockbridge announced the close of a $475 million fixed-rate securitized mortgage to finance Second Century, the recently completed 800,000-square-foot office project leased to...
DXL Big + Tall Taps Beta Agency for Retail Store Expansion

DXL Big + Tall Taps Beta Agency for Retail Store Expansion

by Phil Hall | Mar 21, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Destination XL Group Inc. (Nasdaq: DXLG), a retailer specializing in men’s Big + Tall apparel, announced the strategic hiring of Beta Agency, a commercial real estate brokerage, to help grow the company’s footprint. DXL’s expansion plans includes the...
Switzerland Cuts Interest Rates, The First for a Major Western Economy

Switzerland Cuts Interest Rates, The First for a Major Western Economy

by Phil Hall | Mar 21, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Switzerland caught the world’s economic observers by surprise when its central bank opted to cut interest rates, a first for a major Western economic power. The Financial Times reported the Swiss National Bank cut its headline rate by 25 basis points to 1.5%. Thomas...
Whoops! Real Estate Agent Accidentally Burns Down Client’s $3 Million Home

Whoops! Real Estate Agent Accidentally Burns Down Client’s $3 Million Home

by Phil Hall | Mar 20, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

We’ve all heard about hot property, but an Australian real estate agent took that concept one step beyond and wound up burning down her client’s multi-million-dollar residence – a boo-boo that cost her employer more than $860,000 plus five years of interest. According...
Wall Street Journal Editors Accuse Realtors of Playing a ‘Rigged Game’

Wall Street Journal Editors Accuse Realtors of Playing a ‘Rigged Game’

by Phil Hall | Mar 20, 2024 | Industry Updates, News/Current Events, Real Estate News

The editorial board of the Wall Street Journal accused the real estate profession of working against the best interests of their clients with “a rigged game that pads their pockets at the expense of consumers.” In an editorial titled “The Realtors Stage a $418 Million...
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