CBRE Group Inc. (NYSE: CBRE) announced the sale of three retail properties located in the suburban Philadelphia market totaling $14.7 million. The sales included a 5,051-square-foot standalone property occupied in a long-term lease by Wawa in Wyomissing, Pennsylvania,...
A new wildfire broke out in Los Angeles County last night, creating the region’s third active blaze. The Los Angeles Times reports the fire began shortly after 11:00 p.m. PST on Wednesday on the eastern side of the 405 Freeway in the Sepulveda Pass. Within two hours,...
Austin-headquartered Keller Williams announced that Mark Willis is stepping down as president and CEO and will take on the newly created role of chief leadership officer. Willis served as president from 2002 to 2005 and as CEO from 2005 to 2015. He continued to own...
Renters need to earn $63,680 to afford the median asking rent ($1,592) for an apartment, according to a data report from Redfin (NASDAQ: RDFN). This marks the lowest amount needed for rental housing occupancy since March 2022, as well as a 0.4% year-over-year decline...
The Consumer Financial Protection Bureau (CFPB) announced the receipt of its 10 millionth complaint from consumers against financial services companies. In an online video CFPB Director Rohit Chopra called the occasion a “big milestone” while stressing it meant more...
Detroit-headquartered Rocket Companies (NYSE: RKT) announced the launch of Rocket.com as a platform designed to help homebuyers with their home search and financing needs. According to the company, Rocket.com will combine home search, financing and servicing needs...
Hits and Misses for the Real Estate Week of May 4-8
