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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...
New Executive Director at Notre Dame’s Fitzgerald Institute for Real Estate

New Executive Director at Notre Dame’s Fitzgerald Institute for Real Estate

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

The University of Notre Dame has appointed Michael C. O’Malley as executive director of its Fitzgerald Institute for Real Estate (FIRE). A 1996 alumnus, O’Malley joins FIRE from Pennybacker Capital, a real estate private equity firm in Austin where he served as a...
Simon Chen Named President and CEO at Arrival Home Loans

Simon Chen Named President and CEO at Arrival Home Loans

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

Arrival Home Loans, a San Francisco-based bridge loan mortgage company for homeowners, announced the appointment of Simon Chen as its new president and CEO. Prior to joining the company, Chen was managing partner at August Hill, an advisory firm for startups, capital...
Timothy Saunders Named Chief Legal Officer at Angel Oak Companies

Timothy Saunders Named Chief Legal Officer at Angel Oak Companies

by Phil Hall | Jul 19, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Atlanta-headquartered Angel Oak Companies has hired Timothy Saunders to serve as chief legal officer and general counsel for Angel Oak and its affiliates, Angel Oak Capital Advisors and Angel Oak Mortgage Solutions. In his new role, Saunders will be responsible for...
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...
Redfin: 1% of US Homes Changed Hands Year-to-Date

Redfin: 1% of US Homes Changed Hands Year-to-Date

by Phil Hall | Jul 19, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Only 1% of all U.S. homes, or approximately 14 of every 1,000 residences, changed hands during the first half of 2023, according to data from Redfin (NASDAQ:RDFN). That’s down from 19 of every 1,000 during the same period of pre-pandemic 2019 and the lowest turnover...
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