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New Earthquake Insurance Entity Aimed at West Coast Businesses

New Earthquake Insurance Entity Aimed at West Coast Businesses

by Phil Hall | Jun 6, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Emerald Bay Risk Solutions has partnered with the insurance agency Arrowhead to launch Arrowhead EQ DIC, a commercial earthquake facility that provides difference in conditions insurance policies for medium to large businesses. According to the companies, Arrowhead EQ...
Huntington National Bank Debuts Deposits Business for Commercial Real Estate Clients

Huntington National Bank Debuts Deposits Business for Commercial Real Estate Clients

by Phil Hall | Jun 6, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Columbus, Ohio-based Huntington National Bank has created a National Deposits business designed to expand its commercial offerings to real estate businesses. The bank said the new business will expand its services and capabilities available to commercial customers...
Philadelphia School’s Closure Creates Uncertainty Over Property Portfolio

Philadelphia School’s Closure Creates Uncertainty Over Property Portfolio

by Phil Hall | Jun 4, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The sudden and unexpected closure of a major Philadelphia art school could create a major upheaval in the city’s commercial real estate market with properties coming up for sale at once. According to a Philadelphia Inquirer report, the University of the Arts will shut...
MBA: Q1 Commercial Mortgage Delinquencies on the Rise

MBA: Q1 Commercial Mortgage Delinquencies on the Rise

by Phil Hall | Jun 4, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Commercial mortgage delinquencies were on the rise during the first quarter, according to data from the Mortgage Bankers Association (MBA). MBA’s quarterly analysis details the commercial delinquency rates for five of the largest investor groups that hold more than...
College of Charleston to Create Endowed Professorship for Commercial Real Estate

College of Charleston to Create Endowed Professorship for Commercial Real Estate

by Phil Hall | Jun 4, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

South Carolina’s College of Charleston has received a $2 million gift to support its commercial real estate finance program and its education students. Part of the gift will be used to create the Buono Endowed Professorship in Commercial Real Estate in the...
CMBS Delinquency Rate Drops Below 5%

CMBS Delinquency Rate Drops Below 5%

by Phil Hall | Jun 4, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The commercial mortgage-backed security (CMBS) delinquency rate declined by 10 basis points in May to 4.97%, according to data from Trepp Inc. “The decrease was primarily driven by some sizable resolutions in the office sector,” said Stephen Buschbom, research...
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