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Rent2Cash Closes on $3.25 Million Pre-Seed Round

Rent2Cash Closes on $3.25 Million Pre-Seed Round

by Phil Hall | Jul 26, 2024 | Commercial Real Estate News, Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

Rent2Cash, an Italian start-up that offers up to three years in “rental advance” services to landlords, announced its closing on a €3 million (roughly $3.25 million) pre-seed round and the launch of its operations in Italy. Rent2Cash offers upfront payouts of up to...
Philadelphia School’s Closure Creates Uncertainty Over Property Portfolio

Philadelphia School’s Closure Creates Uncertainty Over Property Portfolio

by Phil Hall | Jun 4, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The sudden and unexpected closure of a major Philadelphia art school could create a major upheaval in the city’s commercial real estate market with properties coming up for sale at once. According to a Philadelphia Inquirer report, the University of the Arts will shut...
Boston Mayor Proposes Commercial Property Tax Hike to Plug Budget Shortfall

Boston Mayor Proposes Commercial Property Tax Hike to Plug Budget Shortfall

by Phil Hall | Apr 9, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Boston Mayor Michelle Wu is seeking a temporary hike in commercial property taxes, a move designed to fill the city’s budget gap without creating a greater tax burden on homeowners. A recent data analysis determined the city risks losing more than $1 billion in tax...
EQT Exeter Real Estate Income Trust Acquires First Property

EQT Exeter Real Estate Income Trust Acquires First Property

by Phil Hall | Mar 25, 2024 | Commercial Real Estate News, Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The Philadelphia-based EQT Exeter Real Estate Income Trust Inc. (EQRT) announced its first acquisition with the $60.9 million purchase of an industrial property in Georgetown, Texas. The 449,642 square-foot property is fully occupied by GAF Energy LLC, a producer of...
Trump Vows Supreme Court Challenge to Prevent Seizure of His Properties

Trump Vows Supreme Court Challenge to Prevent Seizure of His Properties

by Phil Hall | Mar 22, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Former President Donald Trump vowed to fight “all the way up to the U.S. Supreme Court if necessary” to prevent New York Attorney General Letitia James from seizing his commercial properties. In an interview with Fox News Digital, Trump stated his legal...
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