Mr. Cooper Group Inc. (NASDAQ: COOP) announced that Mike Rawls, CEO of its real estate marketplace Xome, plans to retire effective June 30. Chris Marshall, former vice chairman and president at Mr. Cooper, will succeed Rawls. In addition to his new role with Xome,...
The national industrial vacancy rate rose by 20 basis points (bps) to 6.7% in the fourth quarter of 2024, according to data from Cushman & Wakefield (NYSE:CWK), which noted the current level is 30 bps below the 10-year, pre-pandemic average. Overall net absorption...
Redfin (NASDAQ: RDFN) laid off 46 employees in a new round of job cuts. The Seattle-headquartered company, which employs more than 4,000 people, confirmed the layoffs in a statement to GeekWire, explaining the impacted employees were “primarily managers in our...
Two nationwide department store retailers, Macy’s (NYSE: M) and Kohl’s (NYSE:KSS) have announced plans to close stores. Macy’s confirmed the closure of 66 of what it defined as “non-go-forward store locations.” The company stated the...
Ridgeland Mortgage, a recently formed joint venture between mortgage lender loanDepot Inc. (NYSE: LDI) and home builder Smith Douglas Homes (NYSE: SDHC), has appointed Teresa Carlile as president. In her new role, Carlile will lead the business’ growth and daily...
Federal Housing Finance Agency (FHFA) Director Sandra Thompson will resign on Jan. 19, one day before President-elect Donald Trump will be sworn into office. Bloomberg first reported Thompson’s decision to step down from the FHFA leadership; the agency has not issued...
Hits and Misses for the Real Estate Week of April 27-May 1
