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Craft Retailer Jo-Ann to Close All 800 Stores

Craft Retailer Jo-Ann to Close All 800 Stores

by Phil Hall | Feb 24, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The bankrupt craft retailer Jo-Ann announced it plans to close all its stores. On Feb. 12, the company stated it would close 500 stores. In a new statement, the company spelled out its route to shutting down its entire 800-store chain. “Following a comprehensive sale...
Blackstone Pays $5.65 Billion for Safe Harbor Marinas

Blackstone Pays $5.65 Billion for Safe Harbor Marinas

by Phil Hall | Feb 24, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Blackstone (NYSE: BX) announced that funds managed by its Blackstone Infrastructure division will pay $5.65 billion to acquire Safe Harbor Marinas, the nation’s largest marina and superyacht servicing business, from the real estate investment trust Sun Communities Inc...
New Reports Find Mortgage Applications in Decline as Mortgage Affordability Frays

New Reports Find Mortgage Applications in Decline as Mortgage Affordability Frays

by Phil Hall | Feb 24, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Two new data reports are showing a decline in mortgage applications for new home purchases and the increased challenges in being able to afford a mortgage. The Mortgage Bankers Association (MBA) reported mortgage applications for new home purchases decreased 6%...
TECfusions Acquires 73 Acres for Virginia Data Center Expansion

TECfusions Acquires 73 Acres for Virginia Data Center Expansion

by Phil Hall | Feb 24, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

TECfusions, a Tampa-headquartered global data center operator, announced the strategic acquisition and rezoning of 73 acres in Clarksville, Virginia, for a new data center expansion project. According to the company, the expansion project involves the consolidation of...
Apollo Global Management Acquires Bridge Investment Group Holdings for $1.5 Billion

Apollo Global Management Acquires Bridge Investment Group Holdings for $1.5 Billion

by Phil Hall | Feb 24, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The New York City-based global alternative asset manager Apollo Global Management (NYSE: APO) announced it will acquire Salt Lake City-based Bridge Investment Group Holdings Inc. (NYSE: BRDG) in an all-stock transaction with an equity value of approximately $1.5...
AI-Produced Video of Trump Kissing Musk’s Feet Broadcast at HUD HQ

AI-Produced Video of Trump Kissing Musk’s Feet Broadcast at HUD HQ

by Phil Hall | Feb 24, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Televisions monitors within the Department of Housing and Urban Development (HUD) headquarters were hacked earlier today to play an artificial intelligence-produced video that depicted President Trump rubbing and kissing Elon Musk’s feet. The Hill reports the video...
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