Microsoft Corp. (NASDAQ: MSFT) is paying $330 million to purchase the Silicon Valley campus it has been leasing for the past five years. Tribune News Service reported the tech giant acquired the Mountain View property in an all-cash transaction. The real estate...
The retailer LL Flooring is shutting down its stores after failing to secure a buyer after it filed for bankruptcy last month. In an online statement, LL Flooring’s leadership announced that it “has been working hard to pursue a going-concern sale of the company and...
Japan’s Seven & i Holdings (OTCMKTS: SVNDY), the parent company of the 7-Eleven chain, has rejected an unexpected acquisition bid from the Canadian-based Alimentation Couche-Tard Inc. (ACT) (TSX:ACT) that could have created one of the world’s largest retail...
Maurico Umansky, the Los Angeles-based founder of the luxury brokerage The Agency and co-founder of the American Real Estate Association, has offered a pessimistic forecast on the cost of housing. In an interview with Fox Business News, Umansky predicted efforts by...
This week, our Tech Trends round-up features new tools designed to improve the flow of information within the real estate environment. Talking the Talk: Zillow (NASDAQ:Z, ZG) announced an upgrade for its artificial intelligence (AI) -powered search tool. According to...
CBRE Group Inc. (NYSE:CBRE) announced the $14.2 million sale of Waretown Town Center, an 87,735-square-foot shopping center in Waretown, New Jersey. The property is located along the Route 9 commuter thoroughfare and is 96% leased, with ShopRite as the anchor store....
Hits and Misses for the Real Estate Week of May 4-8
