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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,...
363 Acres of Virginia Development Land to be Auctioned

363 Acres of Virginia Development Land to be Auctioned

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

Hall and Hall Auctions has scheduled a May 15 auction of Cotton Rose Farm, a 363-acre parcel of development land in Virginia’s Tidewater region. The property is located seven miles north of downtown Suffolk, Virginia, and is a short drive from the recreational...
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...
Zillow: Half of 2023’s Homebuyers Were First-Timers

Zillow: Half of 2023’s Homebuyers Were First-Timers

by Phil Hall | Apr 4, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

First-time buyers made up half of all homebuyers in 2023, according to the latest Consumer Housing Trends Report published by Zillow (NASDAQ:Z, ZG). Last year’s figure represented the highest share in the report’s six-year history and is up from a low of 37% in...
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