A new report has revealed Colorado officials were informed that the Venezuelan criminal gang Tren de Aragua had taken over several apartment complexes in Aurora weeks before the story became public but failed to respond to the warning. The Denver Gazette reported...
The New Jersey state government is seeking to lure the Philadelphia 76ers basketball team out of their hometown and into a proposed arena that would be center of a new mixed-use development in the city of Camden. According to ROI-NJ, the multibillion-dollar project...
Microsoft Corp. (NASDAQ: MSFT) is paying $330 million to purchase the Silicon Valley campus it has been leasing for the past five years. Tribune News Service reported the tech giant acquired the Mountain View property in an all-cash transaction. The real estate...
The retailer LL Flooring is shutting down its stores after failing to secure a buyer after it filed for bankruptcy last month. In an online statement, LL Flooring’s leadership announced that it “has been working hard to pursue a going-concern sale of the company and...
Japan’s Seven & i Holdings (OTCMKTS: SVNDY), the parent company of the 7-Eleven chain, has rejected an unexpected acquisition bid from the Canadian-based Alimentation Couche-Tard Inc. (ACT) (TSX:ACT) that could have created one of the world’s largest retail...
Maurico Umansky, the Los Angeles-based founder of the luxury brokerage The Agency and co-founder of the American Real Estate Association, has offered a pessimistic forecast on the cost of housing. In an interview with Fox Business News, Umansky predicted efforts by...
Hits and Misses for the Real Estate Week of May 11-15
