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Realty Income Acquires Spirit Realty Capital for $9.3 Billion

Realty Income Acquires Spirit Realty Capital for $9.3 Billion

by Phil Hall | Oct 30, 2023 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Realty Income Corp. (NYSE: O) has announced it will acquire Spirit Realty Capital Inc. (NYSE: SRC) in an all-stock transaction valued at approximately $9.3 billion. Realty Income is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. The...
Hits and Misses for the Real Estate Week of Oct. 23-27

Hits and Misses for the Real Estate Week of Oct. 23-27

by Phil Hall | Oct 27, 2023 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A September of home sales, overseas central banks pausing their rate hikes and Jamie Dimon’s decision to sell his JPMorgan shares. From the wild and wooly world of real estate, here are the hits and misses for the week of Oct. 23-27. Hit: Score One for Resiliency....
Nearly One-Third of Homeowners Have $1,000 or Less Saved for Home Emergency

Nearly One-Third of Homeowners Have $1,000 or Less Saved for Home Emergency

by Phil Hall | Oct 27, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

At a time when the average home emergency costs around $2,000 to repair, roughly one-third (31%) of homeowners admit to having $1,000 or less saved for these emergencies. According to a survey of 1,000 adults conducted by Today’s Homeowner, 82% of homeowners...
Stephanie Phipps Named Director for JLL’s Value and Risk Advisory Platform

Stephanie Phipps Named Director for JLL’s Value and Risk Advisory Platform

by Phil Hall | Oct 27, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

JLL’s (NYSE:JLL) Value and Risk Advisory platform has hired Stephanie Phipps as a director within its multi-housing sector. Phipps, who is a certified general appraiser, will work with JLL’s build-to-rent subsector team lead Executive Director Jason Allen. Phipps is...
The Rattiest City in America Is…

The Rattiest City in America Is…

by Phil Hall | Oct 27, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

For the ninth consecutive year, Chicago’s rodent population earned the city number one ranking in Orkin’s Top 50 Rattiest Cities List. Orkin based the list on the number of new rodent treatments performed by its pest control teams between Sept. 1, 2022, to Aug. 31,...
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