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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...
Kiavi Closes $200 Million Revolving Securitization of Residential Transition Loans

Kiavi Closes $200 Million Revolving Securitization of Residential Transition Loans

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

Kiavi, a San Francisco-based provider of financing to real estate investors, closed an approximately $200 million, 24-month-term revolving securitization of unrated residential transition loans (RTLs). This transaction marks Kiavi’s 13th RTL transaction under...
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...
Q2 Market Share of FHA Loans at 14%

Q2 Market Share of FHA Loans at 14%

by Phil Hall | Aug 4, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The share of new home sales backed by Federal Housing Administration (FHA) loans increased to 14% in the second quarter from 12.1% in the first quarter, according to a new data analysis from the National Association of Home Builders (NAHB). The second quarter’s...
Luxury Presence Debuts Presence Copilot Mobile Platform for Real Estate Agents

Luxury Presence Debuts Presence Copilot Mobile Platform for Real Estate Agents

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

Luxury Presence, a Los Angeles-headquartered proptech startup, has launched a new mobile platform for real estate agents. The company’s new Presence Copilot provides real estate professionals with an AI-powered mobile assistant that helps agents prepare for meetings,...
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