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Walmart to Close Health Centers

Walmart to Close Health Centers

by Phil Hall | Apr 30, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Walmart Inc. (NYSE: WMT) has abruptly announced the closure of all 51 of the Walmart Health centers over the next 90 days. The retail giant began its Walmart Health center network in 2019, expanding into five states with in-person and telemedicine services. In an...
Yardi to Become Majority Owner of WeWork in Bankruptcy Exit Plan

Yardi to Become Majority Owner of WeWork in Bankruptcy Exit Plan

by Phil Hall | Apr 30, 2024 | Commercial Real Estate News, Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

The coworking company WeWork (OTCMKTS: WEWKQ) announced the securing of $450 million in new funding that will fuel its exit from Chapter 11 bankruptcy. The property management software provider Yardi Systems is taking a 60% stake in WeWork through its subsidiary Cupar...
Marshall Heron to Lead Real Estate Practice at Risk Strategies

Marshall Heron to Lead Real Estate Practice at Risk Strategies

by Phil Hall | Apr 29, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Risk Strategies, a Boston-based national specialty insurance brokerage and risk management and consulting firm, has appointed Marshall Heron as national real estate practice leader. In his new role, Heron will be responsible for partnering with regional and practice...
Rick Miller, Leader of Aon’s US Property Practice, Dies at 62

Rick Miller, Leader of Aon’s US Property Practice, Dies at 62

by Phil Hall | Apr 29, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Rick Miller, the leader of the U.S. property practice at Aon Commercial Risk Solutions, passed away on April 23 at the age of 62 following a brief illness. Miller was born in West Hartford, Connecticut, and graduated from Boston College. He worked with Industrial Risk...
Total Commercial Real Estate Mortgage Borrowing and Lending Down 47% in 2023

Total Commercial Real Estate Mortgage Borrowing and Lending Down 47% in 2023

by Phil Hall | Apr 24, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Total commercial real estate mortgage borrowing and lending during 2023 was estimated to have totaled $429 billion, according to data from the Mortgage Bankers Association (MBA). Last year’s total was down 47% from the $816 billion in 2022 and down 52% from the record...
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