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Hits and Misses for the Real Estate Week of July 17-21

Hits and Misses for the Real Estate Week of July 17-21

by Phil Hall | Jul 21, 2023 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A bizarre hunt for a movie superstar, a continued sense of builder optimism and a legendary crooner’s love letter to a once-great city. Looking into the wild and wooly world of real estate, here are our Hits and Misses for this week. Miss: Preying on Tom Cruise. One...
Juan Bueno Named President of Operations at Cortland

Juan Bueno Named President of Operations at Cortland

by Phil Hall | Jul 21, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Cortland, an Atlanta-headquartered multifamily real estate investment, development, and management company, appointed Juan Bueno as president of operations. In this newly created position, Bueno will oversee a variety of critical functions including operations and...
Extra Space Storage Completes Merger with Life Storage

Extra Space Storage Completes Merger with Life Storage

by Phil Hall | Jul 20, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Salt Lake City-based Extra Space Storage Inc. (NYSE: EXR) announced the completion of its acquisition and merger with Life Storage Inc. The $12.7 billion, all-stock transaction creates the nation’s largest storage operator, with more than 3,500 locations,...
San Francisco Mayor Proposes Turning Empty Offices Into Schoolrooms

San Francisco Mayor Proposes Turning Empty Offices Into Schoolrooms

by Phil Hall | Jul 19, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

San Francisco Mayor London Breed has a solution for the glut of empty offices in her city: turn them into classrooms. The San Francisco Business Times reported the mayor has called on the University of California, the San Francisco Unified School District and City...
Hilco Real Estate Finance Takes Aim at the UK Market

Hilco Real Estate Finance Takes Aim at the UK Market

by Phil Hall | Jul 19, 2023 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Hilco Real Estate Finance (HREF), a Northbrook, Illinois-based real estate bridge lender, is bringing its short-term property finance expertise to the U.K. market. According to the company, HREF will provide their U.K. clients with loans ranging from £1 million to £50...
Brookfield Returns NYC’s Historic Brill Building to Lender

Brookfield Returns NYC’s Historic Brill Building to Lender

by Phil Hall | Jul 18, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The owner of one of the most iconic commercial properties in the history of popular music has returned the property to a lender. According to a GlobeSt.com report, Brookfield Asset Management (NYSE:BN) has returned the deed for New York City’s Brill Building to Mack...
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