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Person of the Week: Isaac Dixon, Senior Vice President of Real Estate at DiversyFund Inc.

Person of the Week: Isaac Dixon, Senior Vice President of Real Estate at DiversyFund Inc.

by Phil Hall | Jun 20, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Isaac Dixon is senior vice president of real estate at DiversyFund Inc., a San Diego-based real estate investment platform. For this new edition of Person of the Week, Dixon offers his views on the current state of the multifamily housing sector. My question is a...
Chinese Real Estate Developer Agrees to US Extradition to Face Bribery Charges

Chinese Real Estate Developer Agrees to US Extradition to Face Bribery Charges

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

A Chinese property developer wanted by the U.S. government on bribery charges has agreed to be extradited. The South China Morning Post reported that Zhang Li, co-founder of Chinese property developer Guangzhou R&F Properties, was arrested last year at London’s...
Hits and Misses for the Real Estate Week of June 12-16

Hits and Misses for the Real Estate Week of June 12-16

by Phil Hall | Jun 16, 2023 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

An abandonment of San Francisco commercial mortgages, the Fed presses the pause button and President Biden’s unlikely railroad idea. Looking into the wild and wooly world of real estate, here are our Hits and Misses for this week. Miss: I Left My Mortgage in San...
Historic San Francisco Office Property in Mortgage Default

Historic San Francisco Office Property in Mortgage Default

by Phil Hall | Jun 16, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Another prominent San Francisco property has become the subject of property owner defaulting on its mortgage. The San Francisco Business Times reported Swift Real Estate Partners defaulted on a $62.3 million loan for 55 New Montgomery St., a 111-year-old office...
Report: Wells Fargo to Sell San Francisco Office Tower at Severe Discount

Report: Wells Fargo to Sell San Francisco Office Tower at Severe Discount

by Phil Hall | Jun 15, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Wells Fargo (NYSE:WFC) is completing a deal to sell a downtown San Francisco office property at a fraction of what it paid two decades ago. CoStar News, sourcing its coverage from unnamed “people with direct knowledge of the deal,” reported the 355,000-square-foot...
Court Gives Colorado Property OK to Evict Elon Musk’s Twitter for Unpaid Rent

Court Gives Colorado Property OK to Evict Elon Musk’s Twitter for Unpaid Rent

by Phil Hall | Jun 14, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A district court judge has granted permission for an office property owner to evict Elon Musk’s Twitter Inc., from its space in a Boulder, Colorado-based complex. According to a BizWest.com report, The John Buck Co. and Lot 2 SBO LLC, co-owners of the S’Park...
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