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Dollar Tree Sells Family Dollar Retail Chain for $1 Billion

Dollar Tree Sells Family Dollar Retail Chain for $1 Billion

by Phil Hall | Mar 26, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Dollar Tree Inc. (NASDAQ: DLTR) announced the $1 billion sale of its Family Dollar business to the private equity firms Brigade Capital Management LP and Macellum Capital Management LLC. Dollar Tree acquired Family Dollar for more than $8 billion in 2015. However, the...
Hilton’s Waldorf Astoria Hotels & Resorts to Open First Texas Resort

Hilton’s Waldorf Astoria Hotels & Resorts to Open First Texas Resort

by Phil Hall | Mar 26, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Hilton (NYSE: HLT) has signed a branding and management agreement with Wine Country Hospitality Partners LLC to create the Waldorf Astoria Texas Hill Country and Waldorf Astoria Residences Texas Hill Country. The new resort, which is slated to open in 2027 at a site...
Court Blocks HUD’s Termination of Fair Housing Initiative Program Grants

Court Blocks HUD’s Termination of Fair Housing Initiative Program Grants

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

A district court judge has issued a temporary injunction preventing the US Department of Housing and Urban Development (HUD) from terminating 78 Fair Housing Initiative Program (FHIP) grants for nonprofit organizations contracting to investigate housing...
Survey: Nearly Half of Renters Feel Homeownership is Out of Reach

Survey: Nearly Half of Renters Feel Homeownership is Out of Reach

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

The transition from renting to homeownership is seen as insurmountable by nearly half of renters, according to a new survey from the nonprofit NeighborWorks America. This survey, which was conducted between Feb. 1-5 among a sample of 4,426 adults, found 48% of renters...
Virginia Home Sales Down 9%

Virginia Home Sales Down 9%

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

A total of 6,129 homes sold in Virginia during February, a reduction of 604 transactions or a 9% year-over-year decline. According to Virginia Realtors, there were 17,529 active listings on the market statewide, more than 3,100 additional listings from one year...
Cornerstone Capital Bank in Joint Ventures with Texas, North Carolina Homebuilders

Cornerstone Capital Bank in Joint Ventures with Texas, North Carolina Homebuilders

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

Dallas-headquartered Cornerstone Capital Bank has launched two joint venture companies with homebuilders in Texas and North Carolina. Twin Tree Mortgage, based in Waxahachie, Texas, is a joint venture with Elmwood Homes that will provide mortgage solutions for...
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