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Report: California’s Housing Affordability Gap Remains Wide for Blacks and Hispanics

Report: California’s Housing Affordability Gap Remains Wide for Blacks and Hispanics

by Phil Hall | Apr 25, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The affordability gap for Black and Hispanic households seeking homeownership in California continues to remain behind other ethnic demographics, according to a new data report from the California Association of Realtors (CAR). During 2024, less than one-fifth (18%)...
Jack in the Box to Close Up to 200 Restaurants

Jack in the Box to Close Up to 200 Restaurants

by Phil Hall | Apr 25, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Jack in the Box Inc. (NASDAQ: JACK) is planning to close between 150 and 200 underperforming restaurants and has begun exploring the divestiture of its Del Taco brand. The company’s announcement is part of what the San Diego-based company called its “Jack on Track’...
Infinite Reality to Build 60-Acre HQ Complex in Fort Lauderdale

Infinite Reality to Build 60-Acre HQ Complex in Fort Lauderdale

by Phil Hall | Apr 25, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The immersive tech company Infinite Reality has partnered with the real estate investment and development firm Sterling Bay on the development of a 60-acre site in Fort Lauderdale, Florida, to become a technology and entertainment campus. The project is slated to open...
Saks Fifth Avenue to Shut Down San Francisco Store

Saks Fifth Avenue to Shut Down San Francisco Store

by Phil Hall | Apr 25, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Saks Fifth Avenue has become the latest major retailer to announce its departure from San Francisco’s Union Square after nearly 45 years at the location. According to combined media reports, the retailer’s five-floor store will close on May 10, less than a year after...
Lawyer for NY AG Letitia James Demands Justice Dept. Reject Mortgage Fraud Referral

Lawyer for NY AG Letitia James Demands Justice Dept. Reject Mortgage Fraud Referral

by Phil Hall | Apr 24, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

A lawyer representing New York Attorney General Letitia James called on the Department of Justice to reject a criminal referral by Federal Housing Finance Agency Director Bill Pulte that accused James of mortgage fraud. The Associated Press reports attorney Abbe...
New York State’s Housing Inventory Inches Up, But Sales Remain Static

New York State’s Housing Inventory Inches Up, But Sales Remain Static

by Phil Hall | Apr 24, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York State’s housing inventory inched up by 1% year-over-year, from 23,828 homes available in March 2024 to 24,067 homes on the market last month, while new listings jumped 8.8% from 11,377 homes in March 2024 to 12,380 units last months. But according to the New...
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