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Hits and Misses for the Real Estate Week of April 1-5

Hits and Misses for the Real Estate Week of April 1-5

by Phil Hall | Apr 5, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A bizarre attack on a major mortgage company, an about-face by the Federal Reserve and a luxury retailer is coming to San Francisco. From the wild and wooly world of real estate, here are the Hits and Misses for the week of April 1-5. Miss: A Strange Hit-Job Against...
NY Attorney General Questions Trump’s Bond in Valuation Fraud Case

NY Attorney General Questions Trump’s Bond in Valuation Fraud Case

by Phil Hall | Apr 5, 2024 | Commercial Real Estate News, Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

New York Attorney General Letitia James is challenging the $175 million bond posted by former President Donald Trump in his valuation fraud case by questioning the qualifications of the California company that put up the funds. According to a New York Times report,...
Cushman & Wakefield Names Jessica Francisco at Chief Sustainability Officer

Cushman & Wakefield Names Jessica Francisco at Chief Sustainability Officer

by Phil Hall | Apr 5, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Cushman & Wakefield (NYSE: CWK) has appointed Jessica Francisco as the company’s first chief sustainability officer. Francisco joined Cushman & Wakefield in 2022 as the global head of sustainability for the firm’s occupier services business. In her new role,...
McDonald’s Buys Back All Franchise Locations in Israel

McDonald’s Buys Back All Franchise Locations in Israel

by Phil Hall | Apr 5, 2024 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

McDonald’s Corporation (NYSE:MCD) announced it has been signed an agreement with Omri Padan, owner and CEO of Alonyal Limited, to buy back all 225 franchise locations in Israel owned by Alonyal. Upon completion of the transaction, McDonald’s Corporation will own...
Discount Retailer 99 Cents Only Stores to Close All 371 Locations

Discount Retailer 99 Cents Only Stores to Close All 371 Locations

by Phil Hall | Apr 5, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The discount retailer 99 Cents Only Stores LLC announced it is closing its chain of 371 stores and winding down its business operations. The City of Commerce, California-headquartered company entered into an agreement with Hilco Global to liquidate the company’s...
Discount Retailer 99 Cents Only Stores to Close All 371 Locations

Discount Retailer 99 Cents Only Store Mulling Bankruptcy

by Phil Hall | Apr 4, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The discount retail chain 99 Cents Only Store LLC is considering a bankruptcy filing. According to a Bloomberg report, the company has been unable to offload assets and is weighing either bankruptcy, debt restructuring or an out-of-court agreement. The company is in...
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