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General Motors Reportedly Planning to Relocate from Detroit HQ Complex

General Motors Reportedly Planning to Relocate from Detroit HQ Complex

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

General Motors (NYSE:GM) is reportedly considering a move from its iconic Detroit headquarters complex. The trade new site Autoblog, citing Associated Press and Bloomberg reports, stated the auto manufacturer is planning to relocate its headquarters to Hudson’s...
Sale Begins for Real Estate Assets from Bankrupt 99 Cents Only Stores

Sale Begins for Real Estate Assets from Bankrupt 99 Cents Only Stores

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

Hilco Real Estate LLC and Jefferies LLC are managing the sale of the 377 real estate assets that are part of the bankruptcy Chapter 11 filing of 99 Cents Only Stores LLC. The sale includes 44 owned and 333 leased properties across Arizona, California, Nevada and...
FloodFlash Debuts Flood Business Interruption Coverage

FloodFlash Debuts Flood Business Interruption Coverage

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

The insurtech FloodFlash has rolled out U.S. business interruption (BI) coverage ahead of this year’s hurricane season. According to the company, the new Flood BI coverage was created because many businesses and public entities are unable to get BI cover – the...
Bascom Group Acquires Las Vegas-Area Senior Housing Complex for $3 Million

Bascom Group Acquires Las Vegas-Area Senior Housing Complex for $3 Million

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

The Bascom Group LLC, an Irvine, California-headquartered private equity firm, has acquired the Nevada-based senior housing complex Homestead at Boulder City for $3.05 million. The 72-unit Homestead was built in 1999 and is located on 6.39 acres in Boulder City,...
Hits and Misses for the Real Estate Week of April 8-12

Hits and Misses for the Real Estate Week of April 8-12

by Phil Hall | Apr 12, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

An upswing in housing costs, a renewed concern over real estate agent safety and a tax hike for Boston’s commercial properties. From the wild and wooly world of real estate, here are our Hits and Misses for the week of April 8-12. Miss: A Dent in the Wallet....
Amazon Leases 2 Million SF of California Industrial Space

Amazon Leases 2 Million SF of California Industrial Space

by Phil Hall | Apr 12, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The e-commerce giant Amazon (NASDAQ:AMZN) has leased approximately 2 million square feet of industrial space across in two buildings in California. According to a Bisnow report sourced from Savills data. Amazon leased roughly 1 million square feet at a PGIM Real...
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