A portfolio of four commercial properties in Connecticut were sold for $26.5 million. The properties, which are part of the Guilford Commons plaza located in the town of Guilford, include a 63,100-square-foot strip mall that sold for $13 million, a 48,700-square-foot...
The residence that was the first commission for Frank Lloyd Wright as an independent architect has been listed for $1.985 million. Mansion Global reported The Winslow House, which the 26-year-old Wright designed in the Chicago suburb of River Forest, Illinois, was...
The discount retailer Big Lots Inc. (NYSE: BIG) has filed for Chapter 11 bankruptcy and announced the sale of its assets and business operations to an affiliate of Nexus Capital Management LP. Under the terms of the Sale Agreement, Nexus will serve as the...
The multiple levels of illegal immigration’s effects on housing and a 1,700-page report on a deadly building fire are part of this week’s Hits and Misses. Miss: Saying It Ain’t So. Colorado officials owe the public a huge apology for their incompetent handling...
A real estate developer who was convicted with former Sen. Bob Menendez (D-NJ) this summer has pleaded guilty to a separate charge of bank fraud. ABC News reported Fred Daibes was charged with making false statements concerning a 2008 loan when he was chairman and CEO...
California Gov. Gavin Newsom has vetoed a bill that would have provided illegal immigrants with access to a state-run homebuyers’ assistance program. In a statement to the California Assembly, the governor declared, “I am returning Assembly Bill 1840 without my...
Hits and Misses for the Real Estate Week of May 4-8
