Tempur Sealy International Inc. (NYSE: TPX) announced the divestiture of 176 stores to appease the Federal Trade Commission’s (FTC) objection over its proposed $4 billion acquisition of Mattress Firm Group. In conjunction with the planned Mattress Firm acquisition,...
The municipal council in Princeton, New Jersey, has begun the process to acquire the historic former campus of Westminster Choir College – although the ownership of the property is in dispute. NJ.com reported the council issued an ordinance to acquire the campus, with...
The American Real Estate Association (AREA) has launched a petition calling on the National Association of Realtors (NAR) to repeal its Clear Cooperation Policy. The petition on the Change.org site claims that NAR forces real estate professionals to “submit listings...
The British Columbia Real Estate Association (BCREA) is seeking a review of the province’s recently passed ban on short-term rentals, stating they have created disruptions in the local business and tourism sectors. The British Columbia government enacted a widespread...
Pennsylvania’s housing market held steady in August with a slight decline in home sales and stabilizing home prices. According to data from the Pennsylvania Association of Realtors (PAR), the state recorded 11,514 home sales in August, a 1% year-over-year...
Elon Musk’s SpaceX is being sued for $15 million by the maker of the Cards Against Humanity party game for allegedly trespassing on and damaging the games company’s adjacent Texas property. The Wall Street Journal reported CAH acquired a tract of land along the...
Hits and Misses for the Real Estate Week of May 4-8
