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Hurricane Milton Reaches Category 5 Level Ahead of Florida Landfall

Hurricane Milton Reaches Category 5 Level Ahead of Florida Landfall

by Phil Hall | Oct 7, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

Hurricane Milton intensified in the Gulf of Mexico today, transitioning into a Category 5 storm ahead of its scheduled landfall in Florida on Wednesday. According to combined media reports, the storm was a Category 1 hurricane on Sunday evening before rapidly...
New Fund Seeks to Capture CMBS Opportunities

New Fund Seeks to Capture CMBS Opportunities

by Phil Hall | Oct 7, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Agent Tools, Real Estate Investing, WRE News Exclusive

Deer Park Road Management Company LP, an alternative asset management firm, announced the launch of Deer Park Commercial Mortgage Opportunity Fund I as a closed-end fund focused on realizing long-term growth of capital from opportunities within distressed commercial...
Rocket Companies Names New EVP of Product Engineering

Rocket Companies Names New EVP of Product Engineering

by Phil Hall | Oct 7, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

Rocket Companies (NYSE: RKT), the Detroit-based parent company of Rocket Mortgage, has hired Papanii Okai as executive vice president of product engineering. In this newly created role, Okai will work with the company’s senior technology leaders to create AI-driven...
Jim Henson Company Denies Reports of Studio Lot Sale to Scientologists

Jim Henson Company Denies Reports of Studio Lot Sale to Scientologists

by Phil Hall | Oct 7, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Jim Henson Company has denied rumors that it is selling its historic Hollywood studio lot to the Church of Scientology. Deadline reported the company – which owns the rights to the Muppets characters – has pushed back at reports that circulated in several media...
Study: One-Third of Younger Americans Rethinking Relocation After Helene

Study: One-Third of Younger Americans Rethinking Relocation After Helene

by Phil Hall | Oct 7, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

In the wake of Hurricane Helene’s devastating impact on the Southeast, a new survey from Redfin (NASDAQ: RDFN) found nearly one-third (32%) of Americans aged 18-34 said they are reconsidering where they want to move in the future after seeing or hearing about the...
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