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One Historic Detroit Property Gets Renovation While Another Gets the Wrecking Ball

One Historic Detroit Property Gets Renovation While Another Gets the Wrecking Ball

by Phil Hall | Aug 7, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Detroit witnessed two very different experiences over the past week regarding historic properties, with one enjoying an extensive renovation while was reduced to rubble. Fox 2 Detroit reported the city’s historic Book Tower is being readied for reopening following a...
Dubai Developer Damac Enters London’s Office Property Market

Dubai Developer Damac Enters London’s Office Property Market

by Phil Hall | Aug 7, 2023 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Dubai property developer Damac, which is mostly known for its luxury hospitality properties, is buying London office space for first time. According to a Financial Times report, the company is preparing to acquire office properties at bargain prices and upgrade...
Hits and Misses for the Real Estate Week of July 31-August 4

Hits and Misses for the Real Estate Week of July 31-August 4

by Phil Hall | Aug 4, 2023 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, WRE News Exclusive

Elon Musk’s latest tussle with San Francisco’s authorities, a new life for two “Jersey Shore” landmarks and a realtor whose thirst for milk landed him in hot water. From the wild and woolly world of real estate, here are the hits and misses for...
MBA Predicts Lower Level of Commercial/Multifamily Mortgage Activity for 2023

MBA Predicts Lower Level of Commercial/Multifamily Mortgage Activity for 2023

by Phil Hall | Aug 4, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Mortgage Bankers Association (MBA) has updated its forecast on total commercial and multifamily mortgage borrowing and lending for 2023 and is now predicting this activity sector will end the year at $504 billion, a 38% decline from 2022’s total of $816 billion....
Smaller Businesses Continue to Struggle with Rent Payments

Smaller Businesses Continue to Struggle with Rent Payments

by Phil Hall | Aug 4, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

More than half of small and midsized businesses (SMBs) are dealing with rent increases, according to the latest Small Business Rent report published by Alignable. In a survey of 4,601 randomly selected SMB owners polled from July 2-27, 55% of respondents said coping...
Kensington Vanguard Acquires James P. Lazar PC

Kensington Vanguard Acquires James P. Lazar PC

by Phil Hall | Aug 3, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Kensington Vanguard National Land Services, a New York City-headquartered national title insurance and settlement agency, has acquired James P. Lazar PC, a Dallas-headquartered national commercial title insurance provider.  The financial terms of the transaction were...
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