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Thompson Thrift to Develop Arizona Retail Center

Thompson Thrift to Develop Arizona Retail Center

by Phil Hall | Oct 23, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The commercial real estate developer Thompson Thrift has purchased approximately 3.68 acres of land for the creation of South Tempe Square, a 27,119-square-foot retail center in Tempe, Arizona. According to the company, the center will consist of four buildings,...

Texas Median Home Sale Prices Hold Steady During Q3

by Phil Hall | Oct 22, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The statewide median home sale price in Texas was $340,000 during the third quarter, unchanged from one year earlier. According to data from Texas Realtors, the median home sales prices were up in 17 of the state’s metro areas and down in nine. Eagle Pass recorded the...
Maine Brokerage Joins eXp Realty

Maine Brokerage Joins eXp Realty

by Phil Hall | Oct 22, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

eXp Realty, a subsidiary of eXp World Holdings Inc. (NASDAQ: EXPI), announced the addition of Steven Brackett and his team from Realty ONE Group – Compass of Maine, which brings in 36 top agents with over $128 million in sales across 338 units already closed this...
California Leads Nation with Commercial Foreclosures

California Leads Nation with Commercial Foreclosures

by Phil Hall | Oct 22, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A total of 695 commercial foreclosures were recorded in September, with California leading the nation in this unwelcome activity. According to new data from ATTOM, last month’s commercial foreclosure figure is down from the peak of 752 recorded in May. ATTOM...
Shari’s Restaurants Closes All 42 Oregon Locations

Shari’s Restaurants Closes All 42 Oregon Locations

by Phil Hall | Oct 22, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Shari’s Restaurants, the family-dining chain based in the West Coast and Northwest, has closed all 42 of its eateries in Oregon. Restaurant Business reported the Beaverton, Oregon-headquartered company has been facing allegations of unpaid rent and taxes, along...
Arizona Blocks Wildcat Development in Water-Challenged Community

Arizona Blocks Wildcat Development in Water-Challenged Community

by Phil Hall | Oct 22, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Arizona Department of Real Estate (ADRE) has sent a cease-and-desist order against three entities to stop illegal subdividing, also known as “wildcat development,” in the unincorporated Rio Verde Foothills community located east of Scottsdale. The ADRE alleged the...
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