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363 Acres of Virginia Development Land to be Auctioned

363 Acres of Virginia Development Land to be Auctioned

by Phil Hall | Apr 5, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Hall and Hall Auctions has scheduled a May 15 auction of Cotton Rose Farm, a 363-acre parcel of development land in Virginia’s Tidewater region. The property is located seven miles north of downtown Suffolk, Virginia, and is a short drive from the recreational...
McDonald’s Buys Back All Franchise Locations in Israel

McDonald’s Buys Back All Franchise Locations in Israel

by Phil Hall | Apr 5, 2024 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

McDonald’s Corporation (NYSE:MCD) announced it has been signed an agreement with Omri Padan, owner and CEO of Alonyal Limited, to buy back all 225 franchise locations in Israel owned by Alonyal. Upon completion of the transaction, McDonald’s Corporation will own...
Discount Retailer 99 Cents Only Stores to Close All 371 Locations

Discount Retailer 99 Cents Only Stores to Close All 371 Locations

by Phil Hall | Apr 5, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The discount retailer 99 Cents Only Stores LLC announced it is closing its chain of 371 stores and winding down its business operations. The City of Commerce, California-headquartered company entered into an agreement with Hilco Global to liquidate the company’s...
Zillow: Half of 2023’s Homebuyers Were First-Timers

Zillow: Half of 2023’s Homebuyers Were First-Timers

by Phil Hall | Apr 4, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

First-time buyers made up half of all homebuyers in 2023, according to the latest Consumer Housing Trends Report published by Zillow (NASDAQ:Z, ZG). Last year’s figure represented the highest share in the report’s six-year history and is up from a low of 37% in...
Tech Trends: A Quartet of Updated Offerings

Tech Trends: A Quartet of Updated Offerings

by Phil Hall | Apr 4, 2024 | News/Current Events, Real Estate Agent Tools, Real Estate News, Tech Trends, U.S. Housing Market, WRE News Exclusive

This week, Tech Trends considers updates to platforms and services aimed at real estate professionals and rental housing managers. New “Recipes” on S.MPLE. SERHANT. has announced the latest enhancements to S.MPLE, an administrative work platform designed...
Scott Sellers to Replace Bill Ackman as Howard Hughes Holdings Chairman

Scott Sellers to Replace Bill Ackman as Howard Hughes Holdings Chairman

by Phil Hall | Apr 4, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Howard Hughes Holdings Inc. (NYSE: HHH) announced longtime board member Scot Sellers will be named chairman of the board of directors at its upcoming annual meeting. Sellers will succeed Bill Ackman, founder and CEO of Pershing Square Capital Management LP, who will...
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