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Luxe Realty, a New Brokerage, Opens in Phoenix

Luxe Realty, a New Brokerage, Opens in Phoenix

by Phil Hall | Mar 5, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Luxe Realty, a new full-service boutique brokerage firm, has launched in Phoenix. The company’s co-founders and co-owners are Matthew Fenicle and Brian Guzman, who were both previously with Realty One Group. Luxe Realty’s team also includes Jack Luciano and Raul...
David L. Messenger to Step Down as CFO at Century Communities

David L. Messenger to Step Down as CFO at Century Communities

by Phil Hall | Mar 5, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Century Communities Inc. (NYSE: CCS), a Greenwood, Colorado-headquartered homebuilder, announced that David L. Messenger is stepping down as chief financial officer on March 22 to pursue other opportunities. Messenger became CFO in June 2013, and previously held the...
Berkshire Bank to Sell 10 Branches in Upstate New York

Berkshire Bank to Sell 10 Branches in Upstate New York

by Phil Hall | Mar 5, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Boston-headquartered Berkshire Hills Bancorp Inc. (NYSE: BHLB) announced that its wholly owned subsidiary Berkshire Bank is selling 10 of its branches in upstate New York. The sales include approximately $485.5 million in deposits, $60.5 million of related residential...
A Phil Hall Op-Ed: Is Climate Change to Blame for Florida’s Expensive Property Insurance?

A Phil Hall Op-Ed: Is Climate Change to Blame for Florida’s Expensive Property Insurance?

by Phil Hall | Mar 4, 2024 | A Phil Hall Op-Ed, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Phil Hall Op-Ed: This past weekend, I saw an interview in DailyMail.com with the media-prominent financial advisor Suze Orman regarding property insurance premiums. Orman complained about the $28,000 quote that her insurer gave on her 2,100-square-foot oceanfront...
Whole Foods Markets to Expand Urban Retail Presence

Whole Foods Markets to Expand Urban Retail Presence

by Phil Hall | Mar 4, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Whole Foods Market, a subsidiary of Amazon Inc. (NASDAQ:AMZN), is expanding its retail real estate presence through a new, quick-shop store format aimed at urban neighborhoods. The new format, called Whole Foods Market Daily Shop, will be introduced later this year in...
Toorak Capital Partners Completes First Rated Residential Transition Loan Securitization

Toorak Capital Partners Completes First Rated Residential Transition Loan Securitization

by Phil Hall | Mar 4, 2024 | Industry Updates, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Toorak Capital Partners Inc., a capital provider to the residential real estate lending industry, announced the closing of the first rated residential transition loan (RTL) securitization, Toorak 2024-RRTL1. RTLs are used by real estate investors use to renovate older...
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