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Pennsylvania Home Sales Down Despite Growing Inventory

Pennsylvania Home Sales Down Despite Growing Inventory

by Phil Hall | Oct 23, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home sales in the Keystone State were down in September despite a spike in new listings, according to new data from the Pennsylvania Association of Realtors (PAR) A total of 9,538 home sales were recorded, down 6.5% compared to September 2023. This occurred despite...
Denny’s to Close 150 Restaurants

Denny’s to Close 150 Restaurants

by Phil Hall | Oct 23, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The financially ailing Denny’s Corp. (NASDAQ: DENN) announced it was closing 150 of its lowest-performing restaurants, roughly 10% of its locations. According to an Associated Press report, the Spartanburg, South Carolina-headquartered Denny’s stated that...
Howard M. Lorber Abruptly Retires as Douglas Elliman’s Chief Executive

Howard M. Lorber Abruptly Retires as Douglas Elliman’s Chief Executive

by Phil Hall | Oct 23, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Miami-headquartered Douglas Elliman Inc. (NYSE: DOUG) announced that Howard M. Lorber will retire from his position as president, CEO and chairman of the board. Douglas Elliman Board Director Michael Liebowitz has been appointed chairman and CEO. Liebowitz is...
New Partnership Places Zillow 3D Home Tours on Realtor.com

New Partnership Places Zillow 3D Home Tours on Realtor.com

by Phil Hall | Oct 23, 2024 | News/Current Events, Real Estate Agent Tools, Real Estate News

Zillow (NASDAQ: Z, ZG) and the News Corp (NASDAQ: NWSA) subsidiary Realtor.com announced an agreement where Zillow 3D Home tours, interactive floor plans and photos will be shared in listings syndicated to Realtor.com. This is the second agreement between the...
Thompson Thrift to Develop Arizona Retail Center

Thompson Thrift to Develop Arizona Retail Center

by Phil Hall | Oct 23, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The commercial real estate developer Thompson Thrift has purchased approximately 3.68 acres of land for the creation of South Tempe Square, a 27,119-square-foot retail center in Tempe, Arizona. According to the company, the center will consist of four buildings,...
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