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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...
JLL Debuts CRE Decarbonization Solution

JLL Debuts CRE Decarbonization Solution

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

JLL (NYSE: JLL) has introduced decarbonization consulting services and purpose-built technology designed for the commercial real estate industry. According to the Chicago-headquartered company, the new Decarbonization Strategy is designed to provide corporate real...
Westfield to Surrender San Francisco Centre Mall to Lender

Westfield to Surrender San Francisco Centre Mall to Lender

by Phil Hall | Jun 13, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The shopping center company Westfield is transferring the ownership of its Westfield San Francisco Centre shopping mall to its lender, citing a sharp decline in sales and occupancy. “For more than 20 years, Westfield has proudly and successfully operated San Francisco...
Redwood Trust in Joint Venture on Bridge Loans Investments

Redwood Trust in Joint Venture on Bridge Loans Investments

by Phil Hall | Jun 13, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Redwood Trust Inc. (NYSE: RWT) has launched a joint venture with funds managed by Oaktree Capital Management L.P. to invest in business purpose bridge loans originated by CoreVest American Finance Lender, a division of Redwood. According to the companies, the total...
Lord Cadogan, Billionaire UK Real Estate Executive, Dies at 86

Lord Cadogan, Billionaire UK Real Estate Executive, Dies at 86

by Phil Hall | Jun 12, 2023 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Charles Cadogan, the 8th Earl Cadogan and one of Britain’s wealthiest real estate executives, passed away on June 11 at the age of 86. According to the Daily Mail, Cadogan headed up Cadogan Estates, which owns nearly 100 acres of prime real estate in the Kensington...
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