Microsoft Pays $330 Million for Silicon Valley Campus
Microsoft Corp. (NASDAQ: MSFT) is paying $330 million to purchase the Silicon Valley campus it has been leasing for the past five years. Tribune News Service reported the tech giant acquired the Mountain View property in an all-cash transaction. The real estate...
LL Flooring to Shutter Retail Store Network
The retailer LL Flooring is shutting down its stores after failing to secure a buyer after it filed for bankruptcy last month. In an online statement, LL Flooring’s leadership announced that it “has been working hard to pursue a going-concern sale of the company and...
7-Eleven Parent Company Rejects Takeover Bid
Japan’s Seven & i Holdings (OTCMKTS: SVNDY), the parent company of the 7-Eleven chain, has rejected an unexpected acquisition bid from the Canadian-based Alimentation Couche-Tard Inc. (ACT) (TSX:ACT) that could have created one of the world’s largest retail...
Tech Trends: Improving Real Estate Communications
This week, our Tech Trends round-up features new tools designed to improve the flow of information within the real estate environment. Talking the Talk: Zillow (NASDAQ:Z, ZG) announced an upgrade for its artificial intelligence (AI) -powered search tool. According to...
New Jersey Shopping Center Sells for $14.2 Million
CBRE Group Inc. (NYSE:CBRE) announced the $14.2 million sale of Waretown Town Center, an 87,735-square-foot shopping center in Waretown, New Jersey. The property is located along the Route 9 commuter thoroughfare and is 96% leased, with ShopRite as the anchor store....
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CMBS DELINQUENCY RATE DROPS BY FIVE BASIS POINTS. Learn more at https://wrenews.com/cmbs-delinquency-rate-drops-by-five-basis-points/
JEF CONN NAMED 2024 BOARD CHAIRMAN OF TEXAS REALTORS. Learn more at https://wrenews.com/jef-conn-named-2024-board-chairman-of-texas-realtors/
MBA’S BROEKSMIT EXPRESSES ‘SIGNIFICANT CONCERN’ OVER PAUSING FORECLOSURES ON VA-GUARANTEED LOANS. Learn more at https://wrenews.com/mbas-broeksmit-expresses-significant-concern-over-pausing-foreclosures-on-va-guaranteed-loans/
