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New Earthquake Insurance Entity Aimed at West Coast Businesses

New Earthquake Insurance Entity Aimed at West Coast Businesses

by Phil Hall | Jun 6, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Emerald Bay Risk Solutions has partnered with the insurance agency Arrowhead to launch Arrowhead EQ DIC, a commercial earthquake facility that provides difference in conditions insurance policies for medium to large businesses. According to the companies, Arrowhead EQ...
Colorado’s Desperado Realty Expands into Wyoming

Colorado’s Desperado Realty Expands into Wyoming

by Phil Hall | Jun 6, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

Desperado Realty, a Fort Collins, Colorado-based real estate and property management company, has expanded into the Wyoming market. Company founder Tillie Peart acknowledged that Wyoming is the least populous state, but she added expanding into the neighboring state...
Huntington National Bank Debuts Deposits Business for Commercial Real Estate Clients

Huntington National Bank Debuts Deposits Business for Commercial Real Estate Clients

by Phil Hall | Jun 6, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Columbus, Ohio-based Huntington National Bank has created a National Deposits business designed to expand its commercial offerings to real estate businesses. The bank said the new business will expand its services and capabilities available to commercial customers...
Q1 Mortgage Lending at Lowest Level Since 2000

Q1 Mortgage Lending at Lowest Level Since 2000

by Phil Hall | Jun 6, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The first quarter of 2024 saw the lowest level of home mortgage lending since 2000, according to new data from ATTOM. A total of 1.28 million mortgages secured by residential property were issued in the first three months of the year, down 6.8% from the previous...
European Central Bank Cuts Interest Rate for First Time in Nearly Five Years

European Central Bank Cuts Interest Rate for First Time in Nearly Five Years

by Phil Hall | Jun 6, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The European Central Bank (ECB) has announced its first interest rate cut in nearly five years, whittling down its key rate to 3.75% from the record high 4.0% level reached last September. “Based on an updated assessment of the inflation outlook, the dynamics of...
Detroit Woman Pleads to Operating as an Unlicensed Real Estate Agent

Detroit Woman Pleads to Operating as an Unlicensed Real Estate Agent

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

A Detroit woman who conducted business as an unlicensed real estate agent pled no contest to one felony and two misdemeanors. According to office of Michigan Attorney General Dana Nessel, Krystal Davis was operating Card Property Management LLC, when she entered into...
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