Adam Neumann, the co-founder and former CEO of the bankrupt WeWork Inc. (OTCMKTS: WEWKQ), submitted an offer to acquire the co-working company for more than $500 million. According to a Wall Street Journal report sourced from unnamed “people familiar with the matter,”...
Former President Donald Trump scored a legal victory this morning when a New York appeals court issued a 10-day pause on the civil fraud judgment against him and slashed the $454 million bond amount he was required to produce to $175 million. The ruling from the...
The Philadelphia-based EQT Exeter Real Estate Income Trust Inc. (EQRT) announced its first acquisition with the $60.9 million purchase of an industrial property in Georgetown, Texas. The 449,642 square-foot property is fully occupied by GAF Energy LLC, a producer of...
Former President Donald Trump vowed to fight “all the way up to the U.S. Supreme Court if necessary” to prevent New York Attorney General Letitia James from seizing his commercial properties. In an interview with Fox News Digital, Trump stated his legal...
State Farm General Insurance Co. announced it will not be renewing 72,000 property insurance policies in California. In a statement on its website, the Bloomington, Illinois-headquartered carrier stated it “had to make some difficult but necessary decisions that will...
New York’s University of Rochester has created a new position to lead its real estate strategy. Andrea Tompkins Wright, an attorney and senior vice president of property management at Broadstone Net Lease Inc., was appointed the inaugural associate vice president for...
MBA: Homebuyer Affordability Improved Slightly in June
