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General Motors Reportedly Planning to Relocate from Detroit HQ Complex

General Motors Reportedly Planning to Relocate from Detroit HQ Complex

by Phil Hall | Apr 15, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

General Motors (NYSE:GM) is reportedly considering a move from its iconic Detroit headquarters complex. The trade new site Autoblog, citing Associated Press and Bloomberg reports, stated the auto manufacturer is planning to relocate its headquarters to Hudson’s...
Sale Begins for Real Estate Assets from Bankrupt 99 Cents Only Stores

Sale Begins for Real Estate Assets from Bankrupt 99 Cents Only Stores

by Phil Hall | Apr 15, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Hilco Real Estate LLC and Jefferies LLC are managing the sale of the 377 real estate assets that are part of the bankruptcy Chapter 11 filing of 99 Cents Only Stores LLC. The sale includes 44 owned and 333 leased properties across Arizona, California, Nevada and...
Sotheby’s International Realty Expands to Poland

Sotheby’s International Realty Expands to Poland

by Phil Hall | Apr 15, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Sotheby’s International Realty has opened its 194th European office with the launch of Poland Sotheby’s International Realty in Warsaw. The new office is based in the Europejski building in Warsaw’s City Center and will service the districts of...
Zillow: Homes Sell on Average After 13 Days on the Market

Zillow: Homes Sell on Average After 13 Days on the Market

by Phil Hall | Apr 15, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

If today’s housing market had a theme song, it could be the Badfinger classic that warns listeners: “If you want it, here it is, come and get it, but you’d better hurry ’cause it’s goin’ fast.” Homes that sold in March were...
Startup to Target Individual Investors for Real Estate Fund Opportunities

Startup to Target Individual Investors for Real Estate Fund Opportunities

by Phil Hall | Apr 15, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Westport, Connecticut-based Allura Capital LLC, the financial arm of Allura Global, has partnered with Targeted Real Estate Equities LLC and Holly Pond Capital LLC to launch The Valorem Group LLC, which will sponsor a series of private equity real estate funds...
FloodFlash Debuts Flood Business Interruption Coverage

FloodFlash Debuts Flood Business Interruption Coverage

by Phil Hall | Apr 15, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The insurtech FloodFlash has rolled out U.S. business interruption (BI) coverage ahead of this year’s hurricane season. According to the company, the new Flood BI coverage was created because many businesses and public entities are unable to get BI cover – the...
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