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Report: Wells Fargo to Sell San Francisco Office Tower at Severe Discount

Report: Wells Fargo to Sell San Francisco Office Tower at Severe Discount

by Phil Hall | Jun 15, 2023 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Wells Fargo (NYSE:WFC) is completing a deal to sell a downtown San Francisco office property at a fraction of what it paid two decades ago. CoStar News, sourcing its coverage from unnamed “people with direct knowledge of the deal,” reported the 355,000-square-foot...
REIT Forfeits on $725M Loan for Two San Francisco Hotels

REIT Forfeits on $725M Loan for Two San Francisco Hotels

by Phil Hall | Jun 6, 2023 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The real estate investment trust Park Hotels & Resorts (NYSE:PK) is defaulting on the loan for two of its San Francisco hotels, which it is releasing from its portfolio after citing concerns on the city’s “street conditions” and economy....
Builders Express Renewed Confidence in Housing Market

Builders Express Renewed Confidence in Housing Market

by Phil Hall | May 16, 2023 | Current News & Events, Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

Builder confidence in the market for newly built single-family homes rose five points this month to 50, according to the latest Housing Market Index (HMI) report from the National Association of Home Builders (NAHB) and Wells Fargo (NYSE:WFC). This is the fifth...
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