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Rite Aid Files for Bankruptcy Again, Plans to Close All New York State Stores

Rite Aid Files for Bankruptcy Again, Plans to Close All New York State Stores

by Phil Hall | May 6, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Rite Aid Corporation has filed for bankruptcy for the second time in 18 months. The Philadelphia-headquartered pharmacy chain announced it was “pursuing a strategic and value-maximizing sale process for substantially all of its assets.” The company added that its...
TurboTenant Acquires Azibo

TurboTenant Acquires Azibo

by Phil Hall | May 6, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

TurboTenant, the rental property management software provider, has acquired Azibo, a financial services platform for rental properties. As part of the acquisition, Azibo users will gain access to TurboTenant’s platform and the Azibo technology will continue to support...
Can Home Staging Speed Up Sales and Boost the Transaction Price?

Can Home Staging Speed Up Sales and Boost the Transaction Price?

by Phil Hall | May 6, 2025 | News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

Staging a home can speed the sales process and often increase the final transaction price, according to the National Association of Realtors (NAR) 2025 Profile of Home Staging. The new report found nearly three out of 10 (29%) real estate agents reported that staging...
Survey: One-in-Three Canadians Cite Down Payments as Biggest Obstacle to Homeownership

Survey: One-in-Three Canadians Cite Down Payments as Biggest Obstacle to Homeownership

by Phil Hall | May 6, 2025 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Nearly one-third (32%) of Canadians complained that saving for a down payment was the greatest obstacle that keeps them out of the housing market, according to a new survey from CPA Canada and BDO Debt Solutions. Among the survey’s respondents, another 30% said the...
Toronto Home Sales Down Despite Surge in New Listings

Toronto Home Sales Down Despite Surge in New Listings

by Phil Hall | May 6, 2025 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A total of 5,601 home sales were recorded through the Toronto Regional Real Estate Board’s (TRREB) MLS System in April, down by 23.3% from the 7,302 transactions one year earlier. But while sales plummeted, new listings in the MLS System soared – 18,836 last month, up...
American Pride Bank Launches Third-Party Origination Mortgage

American Pride Bank Launches Third-Party Origination Mortgage

by Phil Hall | May 6, 2025 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Atlanta-headquartered American Bancorp Inc. and its subsidiary, American Pride Bank have launched APB Wholesale, a new Third-Party Origination (TPO) line of the bank’s mortgage division. According to the companies, mortgage professionals can access APB Wholesale’s...
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