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Boston Mayor Proposes Commercial Property Tax Hike to Plug Budget Shortfall

Boston Mayor Proposes Commercial Property Tax Hike to Plug Budget Shortfall

by Phil Hall | Apr 9, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Boston Mayor Michelle Wu is seeking a temporary hike in commercial property taxes, a move designed to fill the city’s budget gap without creating a greater tax burden on homeowners. A recent data analysis determined the city risks losing more than $1 billion in tax...
MOD Pizza Denies California Restaurant Closings Were Tied to Minimum Wage Hike

MOD Pizza Denies California Restaurant Closings Were Tied to Minimum Wage Hike

by Phil Hall | Apr 9, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The MOD Pizza chain is denying reports that it shut down five of its California eateries because the state raised the minimum wage to $20 an hour. According to a report by the pizza industry news site PMQ.com, MOD Pizza closed 26 locations over the past few weeks – in...
San Francisco Proposal Would Require a Six-Month Notice Before Grocery Stores Can Close

San Francisco Proposal Would Require a Six-Month Notice Before Grocery Stores Can Close

by Phil Hall | Apr 8, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The San Francisco city government is considering an ordinance that would force grocery stores to give six months’ notice before closing while searching for a replacement to take over their real estate while hosting community meetings to offer updates on their...
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,...
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