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Retailer Forever 21 Plans Store Closures While Mulling Bankruptcy

Retailer Forever 21 Plans Store Closures While Mulling Bankruptcy

by Phil Hall | Feb 20, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The retailer Forever 21 is considering bankruptcy and may shutter at least 200 US-based stores as soon as next month. According to a Bloomberg report sourced from unnamed “people with knowledge of the matter,” the chain’s US operator, F21 OpCo, is seeking a buyer for...
HUD’s Turner Cancels $4 Million in DEI Contracts

HUD’s Turner Cancels $4 Million in DEI Contracts

by Phil Hall | Feb 20, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The Department of Housing and Urban Development (HUD) has cancelled $4 million in contracts that were designed to foster Diversity, Equity and Inclusion (DEI) programs within the agency. In an interview this morning on Fox News, HUD Secretary Scott Turner stated the...
Warren and Schiff Claim Elon Musk Brings Conflicts of Interest to DOGE Actions at CFPB

Warren and Schiff Claim Elon Musk Brings Conflicts of Interest to DOGE Actions at CFPB

by Phil Hall | Feb 19, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Sens. Elizabeth Warren (D-MA) and Adam Schiff (D-CA) are demanding the removal of members of the Department of Government Efficiency (DOGE) from the Consumer Financial Protection Bureau (CFPB) while claiming without evidence that Elon Musk plans on “enriching himself...
California Home Sales Slumped in January

California Home Sales Slumped in January

by Phil Hall | Feb 19, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 254,110 in January, the lowest level in 13 months. According to data from the California Association of Realtors (CAR), last month’s total was...
Buyers Willing to Pay Nearly 4% More for a Remodeled Home Rather Than a Fixer-Upper

Buyers Willing to Pay Nearly 4% More for a Remodeled Home Rather Than a Fixer-Upper

by Phil Hall | Feb 19, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Listing a home as a fixer-upper may not be a profitable idea anymore, as a new analysis by Zillow (NASDAQ: Z, ZG) found buyers were willing to pay 3.7% more than expected for a home that is already remodeled – which is an additional $13,194 on a typical home and is...
Feds Shut Down NYC’s Congestion Pricing Toll Program

Feds Shut Down NYC’s Congestion Pricing Toll Program

by Phil Hall | Feb 19, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The Trump administration’s Department of Transportation has terminated its approval of the congestion pricing toll program in New York City – four months after the Biden administration gave its approval. The program was introduced in early January and charged...
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