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Report: Sony’s Acquisition of Paramount Would Include Sale of Hollywood Studios

Report: Sony’s Acquisition of Paramount Would Include Sale of Hollywood Studios

by Phil Hall | May 10, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

One of Hollywood’s most iconic entertainment industry properties could soon be listed for sale if a major corporate acquisition is secured. Bloomberg reported the historic 65-acre Paramount Pictures studios facility would be sold if Sony Group Corp. (NYSE:SONY) and...
Nick Stonestreet Named President of Financial Services at DLP Capital

Nick Stonestreet Named President of Financial Services at DLP Capital

by Phil Hall | May 10, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

DLP Capital, a private real estate investment and financial services firm based in St. Augustine, Florida, has hired Nick Stonestreet as its new president of financial services. In his new role, Stonestreet will lead the funds team in broadening the scope and...
Dunn Brothers Coffee Chain to Add 250 Stores Over Next 5 Years

Dunn Brothers Coffee Chain to Add 250 Stores Over Next 5 Years

by Phil Hall | May 10, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Minneapolis-headquartered coffee company Dunn Brothers is planning a franchise expansion that will grow its presence with 250 new stores over the next five years. According to combined media sources, Dunn Brothers currently operates 50 stores in seven states, with...
Anywhere, Keller Williams and RE/MAX Receive Court OK on Settlement Agreements

Anywhere, Keller Williams and RE/MAX Receive Court OK on Settlement Agreements

by Phil Hall | May 9, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Three brokerages at the center of the landmark lawsuits regarding home sale commissions – Anywhere Real Estate Inc. (NYSE: HOUS), Keller Williams and RE/MAX Holdings (NASDAQ:RMAX) – received final court approval of their respective nationwide settlement agreements....
Bank of Canada Acknowledges Housing Cost Stress Created by High Interest Rates

Bank of Canada Acknowledges Housing Cost Stress Created by High Interest Rates

by Phil Hall | May 9, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Bank of Canada is warning that homeowners and renters continue to struggle in adapting to the nation’s new normal of higher interest rates. According to Financial Post coverage, Bank of Canada Governor Tiff Macklen acknowledged the adjustment to higher interest...
Mortgage Rates Down for First Time in Five Weeks

Mortgage Rates Down for First Time in Five Weeks

by Phil Hall | May 9, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates were in decline for the first time since March, according to the latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.09% as of May 9, down from last week when it averaged 7.22%. A year ago at...
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