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Office space available for sublease hit a 10-year high last quarter, with some 2.37 million square feet available in the five-county area, according to data provided by the local office of New York City-based brokerage house Newmark.
The UK’s largest woollen yarn spinner, Lawton Yarns Limited, has returned to private ownership after securing a £13.4m facility from Secure Trust Bank Commercial Finance.
A new report from JLL, a Chicago-based brokerage with an office in Royal Oak, says the cost of constructing new office space in metro Detroit has increased by double digits in each of the nine types considered year-over-year — in some cases more than 25 percent.
Guild Mortgage has added Tim Kay as branch manager, and Paul Camenzind, an experienced senior loan officer, to its team in Overland Park, Kansas. Joining Guild from Academy Bank, the 14th largest bank in the state of Missouri, where he served as senior vice president, Kay has 25 years of experience in residential mortgage lending, including partnering with local realtors to finance home purchases for families moving to Kansas City or moving up to new homes in the region. In 2021, Kay generated more than $94 million in home loan volume.