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Hits and Misses for the Real Estate Week of Oct. 7-11

Hits and Misses for the Real Estate Week of Oct. 7-11

by Phil Hall | Oct 11, 2024 | Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A busy week for NAR, the struggle by Maui’s wildfire survivors, and guess who’s coming to dinner (and breakfast and lunch)? From the wild and wooly world of real estate, here are our Hits and Misses for the week of Oct. 7-11. Hit: NAR Fights Back. The National...
7-Eleven to Close 444 Stores Across North America

7-Eleven to Close 444 Stores Across North America

by Phil Hall | Oct 11, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Japan’s Seven & i Holdings (OTCMKTS: SVNDY) announced plans to close 444 of its 7-Eleven in North America, citing underperformance by the convenience store chain. C-Store Dive reported the company also agreed to offload an undisclosed number of properties in North...
Morguard Breaks Ground on Rental Community in Mississauga

Morguard Breaks Ground on Rental Community in Mississauga

by Phil Hall | Oct 11, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The real estate and property management company Morguard Corporation (TSX: MRC) has begun construction of as new purpose-built rental community in the Port Credit section of Mississauga, Ontario. The new development will encompass one nine-story and two eight-story...
Chase Properties Acquires Retail Plazas in Upstate New York and Virginia

Chase Properties Acquires Retail Plazas in Upstate New York and Virginia

by Phil Hall | Oct 11, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The real estate investment firm Chase Properties has announced two retail property acquisitions: Creekside Plaza in Ithaca, New York, and Waynesboro Town Center in Waynesboro, Virginia. The 180,000-square-foot Creekside Plaza was built in 2001 and is 95% leased, with...
Indiana Home Sales Up in September

Indiana Home Sales Up in September

by Phil Hall | Oct 11, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Lower mortgage rates, slowing price growth and rising inventory combined to bring new buyers to the Hoosier State’s housing market in September, according to the latest data from the Indiana Association of Realtors (IAR). Closed sales totaled 6,705 last month, up 1%...
15-Story Oakland Office Tower and Garage Sells at a Loss

15-Story Oakland Office Tower and Garage Sells at a Loss

by Phil Hall | Oct 11, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A 15-story office tower in downtown Oakland and a nearby parking garage have been sold for $99.6 million – five years after it changed hands for $175 million. SiliconValley.com reported Lakeside Group and Rubicon Point Partners, via an affiliate, partnered on the...
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