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California Leads the Nation with Commercial Property Foreclosures

California Leads the Nation with Commercial Property Foreclosures

by Phil Hall | Jul 18, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

California led the nation with the highest number of commercial property foreclosures in June, according to new data from ATTOM. The state’s 214 commercial foreclosures last month represented a 10% decline from May but was also a 289% increase from June 2023. June’s...
David Schreiber Named Chief Investment Officer at Cullinan Properties

David Schreiber Named Chief Investment Officer at Cullinan Properties

by Phil Hall | Jul 18, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Cullinan Properties, a Peoria, Illinois-headquartered real estate firm specializing in commercial and mixed-use developments and acquisitions, announced the appointment of David Schreiber as its chief investment officer. Schreiber joins Cullinan Properties with over...
11 Civil Rights Movement Sites Recommended for UNESCO World Heritage List

11 Civil Rights Movement Sites Recommended for UNESCO World Heritage List

by Phil Hall | Jul 17, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Secretary of the Interior Deb Haaland has authorized the National Park Service to prepare a potential nomination for 11 U.S. Civil Rights Movement sites to be added to the UNESCO World Heritage List. The sites included in the proposed nomination are: Dexter Avenue...
Elon Musk, Citing Controversial California Law, to Relocate X and Space X HQs to Texas

Elon Musk, Citing Controversial California Law, to Relocate X and Space X HQs to Texas

by Phil Hall | Jul 16, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Elon Musk announced that he is relocating his California-based companies X (formerly Twitter) and SpaceX from California to Texas, citing a new controversial state law as the reason for his relocation. Posting on X, Musk cited a law signed yesterday by Gov. Gavin...
Cilantro Taco Grill to Open 110 Units Across Four States

Cilantro Taco Grill to Open 110 Units Across Four States

by Phil Hall | Jul 16, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Commercial real estate brokers representing restaurant clients might be interested to learn that Cilantro Taco Grill, the Mexican fast-casual chain, has signed agreements with six different franchise groups and an area rep agreement to open 110 units across...
Elon Musk Seeks to Sublease X’s San Francisco Headquarters

Elon Musk Seeks to Sublease X’s San Francisco Headquarters

by Phil Hall | Jul 15, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Elon Musk is looking to sublease the 800,000-square-foot San Francisco headquarters for his social media platform X (formerly known as Twitter). The San Francisco Chronicle reported that JLL (NYSE:JLL) was contracted to market roughly 460,000 square feet of X’s office...
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