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....
Mortgage rates remained flat in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.35% as of Sept. 5, unchanged from last week. A year ago at this time, it averaged 7.12%. The 15-year fixed-rate...
Hits and Misses for the Real Estate Week of June 15-19
