The Canadian farm goods store chain Peavey Mart announced it is closing all its locations. The Red Deer, Alberta-headquartered company recently closed 22 stores in Ontario and Nova Scotia. In a posting yesterday on social media, the company stated it “had sought and...
The Pennsylvania Association of Realtors (PAR) installed Bill Lublin as the organization’s 102nd president. Lublin is CEO of Century 21 Advantage Gold in Philadelphia and owner of Lublin Corporation Realtors, a property management firm. Lublin served on PAR’s board of...
Indianapolis-headquartered Simon Property Group Inc. (NYSE: SPG) has acquired a large site that will be developed into a Nashville area luxury shopping and lifestyle destination known as Nashville Premium Outlets. The new 325,000 square foot mixed-use center will be...
Apartment rents in Seattle’s downtown rose for the first time in 17 months in December, according to data from Redfin (NASDAQ: RDFN). The rent hike was a 2.5% year-over-year uptick to a median of $2,000. Seattle’s median rent seesawed over the past five years,...
The Bank of Canada announced a 25-basis point cut to its overnight rate to 3% while bringing an end to its quantitative tightening policy as the national economy grows stronger. The Canadian central bank also brought down its Bank Rate to 3.25% and the deposit rate at...
A residence in suburban Brisbane that could charitably be described as a mess has become the surprise top ranking property in the listings on Australia’s RealEstate.com.au site. The Courter-Mail reports the two-bedroom property in Mitchelton, Australia, is being...
Hits and Misses for the Real Estate Week of April 27-May 1
