LOS ANGELES—Wells Fargo appoints Eric Gunderson as the Southwest regional manager for CMBS originations to oversee originations in the territory.

WALNUT CREEK, CA—The levels of returns from investing in services firms compare favorably with those from ownership firms, Joseph Ori writes in this <b>EXCLUSIVE</b> guest column.

NEW YORK CITY—Minority-owned title insurance firm is said to be a rarity in the New York City real estate market.

BOSTON—Brickman Real Estate of New York City has acquired the 186 Lincoln St. office building here from Morris &amp; Morse Co., Inc. in a transaction valued at $20.65 million.