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Gucci Owner Kering Buys NYC Fifth Avenue Retail Space for $963 Million

Gucci Owner Kering Buys NYC Fifth Avenue Retail Space for $963 Million

by Phil Hall | Jan 22, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Kering (OTC:PPRUY), the French luxury group that owns the Gucci, Saint Laurent and Alexander McQueen brands, has acquired a multi-level retail space on New York City’s Fifth Avenue. The company paid $963 million for the 715-717 Fifth Ave. property on the southeast...
Carnell Elliott Named SVP of Sales at Built

Carnell Elliott Named SVP of Sales at Built

by Phil Hall | Jan 22, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

Built, a Nashville-based provider of construction and real estate finance software, has named Carnell Elliott as senior vice president of sales. In his new role, Elliott will oversee all sales functions across Built’s lender, owner, and contractor segments. He will...
Private Equity Firm Bascom Group Acquires New Mexico Multifamily Property

Private Equity Firm Bascom Group Acquires New Mexico Multifamily Property

by Phil Hall | Jan 22, 2024 | 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 Overlook Apartments, a multifamily property located in Albuquerque, New Mexico. The 344-unit property was built in 1988 and consists of garden-style apartments. The...
Wall Street Journal Editors Accuse Biden of Using FHFA Policy to Win Re-Election Support

Wall Street Journal Editors Accuse Biden of Using FHFA Policy to Win Re-Election Support

by Phil Hall | Jan 22, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Wall Street Journal’s editorial board has accused the Biden administration of using the Federal Housing Finance Agency (FHFA) as part of its re-election efforts to win the support of the housing industry. In an editorial titled “Biden’s New Gift to the Housing...
Rob DeContreras Named Executive Director for Growth at Caroline K. Huo Group

Rob DeContreras Named Executive Director for Growth at Caroline K. Huo Group

by Phil Hall | Jan 22, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

The Caroline K. Huo Group, a luxury real estate agency based in Burlingame, California, has announced the appointment of Rob DeContreras as executive director of growth. DeContreras was previously a private mortgage banker at PNC. Earlier in his career, he was senior...
Bryan Crane Joins Carmel Partners as Chief Investment Officer

Bryan Crane Joins Carmel Partners as Chief Investment Officer

by Phil Hall | Jan 22, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The real estate investment firm Carmel Partners has announced the hiring of Bryan Crane as chief investment officer and managing partner, effective on Jan. 29. Crane was previously chief investment officer at Veritas Investments after working as president of Veritas...
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