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One Historic Detroit Property Gets Renovation While Another Gets the Wrecking Ball

One Historic Detroit Property Gets Renovation While Another Gets the Wrecking Ball

by Phil Hall | Aug 7, 2023 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Detroit witnessed two very different experiences over the past week regarding historic properties, with one enjoying an extensive renovation while was reduced to rubble. Fox 2 Detroit reported the city’s historic Book Tower is being readied for reopening following a...
Kensington Vanguard Acquires James P. Lazar PC

Kensington Vanguard Acquires James P. Lazar PC

by Phil Hall | Aug 3, 2023 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Kensington Vanguard National Land Services, a New York City-headquartered national title insurance and settlement agency, has acquired James P. Lazar PC, a Dallas-headquartered national commercial title insurance provider.  The financial terms of the transaction were...
CMBS Delinquency Rate Rises to 4.41%

CMBS Delinquency Rate Rises to 4.41%

by Phil Hall | Aug 2, 2023 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The U.S. commercial mortgage-backed securities (CMBS) delinquency rate jumped 51 basis points (bps) to 4.41% in July, according to new data from Trepp. “While the rest of the U.S. economy has seen relief in terms of higher equity prices, better-than-expected corporate...
San Francisco Forces Elon Musk to Remove ‘X’ Sign From Top of Twitter HQ

San Francisco Forces Elon Musk to Remove ‘X’ Sign From Top of Twitter HQ

by Phil Hall | Aug 1, 2023 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

While Elon Musk has a history of playing by his own rules, the San Francisco Department of Building Inspection has forced him to abide by municipal real estate codes. According to an Associated Press report, the brightly flashing “X” sign that Musk erected last Friday...
Lisa Yeh Named President of Sentral

Lisa Yeh Named President of Sentral

by Phil Hall | Aug 1, 2023 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Sentral, a Los Angeles-headquartered residential hospitality company, promoted Lisa Yeh to president, effective today. Yeh will oversee Sentral’s day-to-day operations, in addition to her current responsibilities as chief operating officer. She replaces Jon...
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