Featured Real Estate News
Grocery Outlet to Close 36 Underperforming Stores
Grocery Outlet Holding Corp. (NASDAQ: GO), the Emeryville, California-based parent company of the Grocery Outlet chain of bargain-priced supermarkets, announced it is closing 36 stores following dismal fourth quarter earnings that resulted in a roughly $235 million...
Grocery Outlet to Close 36 Underperforming Stores
“We are not fully exiting any state,” said President and CEO Jason Potter. Continue Reading Grocery Outlet to Close 36 Underperforming Stores
Iowa Democrats Offer Property Tax Relief Plan
Democrats in Iowa’s House of Representatives have proposed a property tax relief plan that would freeze rates for seniors and offer rebates for all homeowners. KEYC reports the proposal sets a 4% limit on the annual increases for property taxes beginning in 2028 while...
Compass Announces New Team to Serve Chicago Area
Compass Inc. (NYSE: COMP) announced the recruitment of Chicago-area industry veterans Charlie Cohen and Alex Morsch to launch a five-agent team called Cohen Morsch. Before joining Cross Street, Cohen spent more than a decade at Ridgetree Properties, where he focused...
Steve Sheetz, Who Expanded Convenience Store Chain Across 7 States, Dies at 77
Steve Sheetz, the convenience store executive who led the growth of his eponymous family-owned company to more than 800 locations across seven states, passed away on Jan. 4 at the age of 77 from respiratory complications following hospitalization for pneumonia....
News & Current Events
Oracle’s Larry Ellison Sells San Francisco Property in Off-Market $45 Million Deal
The 10,742-square-foot property was built 1958 and was acquired by Ellison around 1988 for $3.9 million. Continue Reading Oracle’s Larry Ellison Sells San Francisco Property in Off-Market $45 Million Deal
Dept. of Homeland Security Accuses Hilton of Refusing Minneapolis-Area Hotel Reservations for ICE Agents
The cancelation email said Hilton was “not allowing any ICE or immigration agents to stay at our property.” Continue Reading Dept. of Homeland Security Accuses Hilton of Refusing Minneapolis-Area Hotel Reservations for ICE Agents
Florida’s First Federal Bank Acquires NOLA Lending Group
First Federal anticipates retention of most NOLA Lending Group employees. Continue Reading Florida’s First Federal Bank Acquires NOLA Lending Group
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Tampa Bay Sun, USL Women’s Super League Champion, Proposes New Soccer Stadium
“We believe in the power of sport to inspire, unite, and drive meaningful change,” said developer David Shaw. Continue Reading Tampa Bay Sun, USL Women’s Super League Champion, Proposes New Soccer Stadium
Kentucky Home Sales Rise Amid Wider Number of New Listings
The median sales price during the month was $279,000, up 6% month-over-month and up 3.4% year-over-year. Continue Reading Kentucky Home Sales Rise Amid Wider Number of New Listings
Newmark Represents United Nations in Office Lease Transaction
The lease encompasses 425,190 square feet across 26 stories. Continue Reading Newmark Represents United Nations in Office Lease Transaction
Washington Attorney General Sues 5 Properties for Deceiving Low-Income Senior Tenants
The lawsuit said these were violations of the Consumer Protection Act. Continue Reading Washington Attorney General Sues 5 Properties for Deceiving Low-Income Senior Tenants
Ginnie Mae MBS Portfolio Reached $2.76 Trillion in May
Year-to-date, Ginnie Mae facilitated the pooling and securitization of 268,000 loans for first-time homebuyers. Continue Reading Ginnie Mae MBS Portfolio Reached $2.76 Trillion in May
QXO Makes $5 Billion Acquisition Bid for Building Products Supplier GMS Inc.
“Our all-cash proposal to acquire GMS for $95.20 per share delivers immediate and certain value to GMS shareholders at a meaningful premium,” said QXO’s Brad Jacobs, Continue Reading QXO Makes $5 Billion Acquisition Bid for Building Products Supplier GMS Inc.
California Home Sales, Median Price Down in May
Total active listings in May rose on a year-over-year basis by nearly 50%. Continue Reading California Home Sales, Median Price Down in May
Real Estate Developer Patrick Zalupski in Talks to Buy the Tampa Bay Rays
Zalupski is the founder and CEO of Dream Finders Homes. Continue Reading Real Estate Developer Patrick Zalupski in Talks to Buy the Tampa Bay Rays
Federal Reserve Holds Rates Steady, Ignoring Trump’s Exhortations
“Maybe I should go to the Fed,” Trump said in a jokey manner. Continue Reading Federal Reserve Holds Rates Steady, Ignoring Trump’s Exhortations