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VanTrust Real Estate Completes Acquisition of Utah’s Salt Lake Lumber Building

VanTrust Real Estate Completes Acquisition of Utah’s Salt Lake Lumber Building

by Phil Hall | May 10, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

VanTrust Real Estate, a Kansas City-based, full-service real estate development company, has completed its purchase of Utah’s historic Salt Lake Lumber Building. The three-story, 26,997-square-foot brick building was built in 1909 and features exposed heavy timber,...
Report: Sony’s Acquisition of Paramount Would Include Sale of Hollywood Studios

Report: Sony’s Acquisition of Paramount Would Include Sale of Hollywood Studios

by Phil Hall | May 10, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

One of Hollywood’s most iconic entertainment industry properties could soon be listed for sale if a major corporate acquisition is secured. Bloomberg reported the historic 65-acre Paramount Pictures studios facility would be sold if Sony Group Corp. (NYSE:SONY) and...
Dunn Brothers Coffee Chain to Add 250 Stores Over Next 5 Years

Dunn Brothers Coffee Chain to Add 250 Stores Over Next 5 Years

by Phil Hall | May 10, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Minneapolis-headquartered coffee company Dunn Brothers is planning a franchise expansion that will grow its presence with 250 new stores over the next five years. According to combined media sources, Dunn Brothers currently operates 50 stores in seven states, with...
Q1 Commercial and Multifamily Mortgage Originations Remain Muted

Q1 Commercial and Multifamily Mortgage Originations Remain Muted

by Phil Hall | May 9, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

First quarter commercial and multifamily mortgage loan originations were essentially unchanged from one year earlier but were down 23% from the previous quarter, according to new data from the Mortgage Bankers Association (MBA). During the first quarter, there was a...
Society of Industrial and Office Realtors Elects 2024-2025 Officers

Society of Industrial and Office Realtors Elects 2024-2025 Officers

by Phil Hall | May 8, 2024 | Commercial Real Estate News, Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Society of Industrial and Office Realtors (SIOR) has announced its 2024-2025 officers. SIOR’s current president-elect, Mike Ohmes, will assume the role of SIOR Global President this fall. Ohmes is the managing principal of the Minneapolis-St. Paul office of...
KKR and Marriott Partner in Japanese Lodging Endeavor

KKR and Marriott Partner in Japanese Lodging Endeavor

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

The global investment firm KKR has teamed with Marriott International Inc. (NASDAQ: MAR) in the launch of a new endeavor in the midscale hospitality space in Japan. The new partnership follows KKR’s acquisition of Unizo Hotel Company Limited and a portfolio of 14...
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