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7-Eleven Parent Company Receives Acquisition Bid

7-Eleven Parent Company Receives Acquisition Bid

by Phil Hall | Aug 19, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Japan’s Seven & i Holdings (OTCMKTS: SVNDY), the parent company of the 7-Eleven chain, has received an unexpected acquisition bid from the Canadian-based Alimentation Couche-Tard Inc. (ACT) (TSX:ACT) that could create one of the world’s largest retail networks....
NAR Interim CEO Nykia Wright Named Permanent Chief Executive

NAR Interim CEO Nykia Wright Named Permanent Chief Executive

by Phil Hall | Aug 19, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The National Association of Realtors (NAR) has announced the appointment of interim CEO Nykia Wright as its new chief executive. Wright became interim CEO last November. Her appointment makes history as the organization’s first woman and first Black chief...
Builders Commend Harris’ Housing Focus, If Not All of Her Proposals

Builders Commend Harris’ Housing Focus, If Not All of Her Proposals

by Phil Hall | Aug 19, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Association of Home Builders (NAHB) offered cautious praise for Vice President Kamala Harris’ focus on the challenges facing housing affordability, expressing satisfaction that she is speaking about the subject but warning that some of her ideas would...
Los Angeles Prohibits Tour Buses from Traveling Near Marilyn Monroe Home

Los Angeles Prohibits Tour Buses from Traveling Near Marilyn Monroe Home

by Phil Hall | Aug 19, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The controversy surrounding the last home where Marilyn Monroe lived took a new twist as the Los Angeles City Council voted to restrict tour buses from operating or traveling on streets near the property. According to a Westside Current report, the council’s 13-0 vote...
Rhode Island Debuts Pilot Program to Encourage Income-Restricted Homes

Rhode Island Debuts Pilot Program to Encourage Income-Restricted Homes

by Phil Hall | Aug 19, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Rhode Island’s Affordable Housing Trust Fund is launching a $1 million pilot program to expand the availability of new income-restricted homes. According to the Providence Journal, the new “Turnkey Program” offers a direct subsidy to developers in exchange for an...
Hyatt Sells Orlando Hotel for $1 Billion

Hyatt Sells Orlando Hotel for $1 Billion

by Phil Hall | Aug 19, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Hyatt Hotels Corporation (NYSE:H) completed the sale of the 1,641-room Hyatt Regency Orlando and adjacent 45 acres of land to affiliates of RIDA Development Corporation and an Ares Management Real Estate fund for approximately $1.07 billion. The Chicago-headquartered...
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