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CVS Pharmacy Completes Acquisition of Rite Aid Assets
CVS is now operating 63 former Rite Aid and Bartell Drugs stores in Idaho, Oregon and Washington. Continue Reading CVS Pharmacy Completes Acquisition of Rite Aid Assets
CVS Pharmacy Completes Acquisition of Rite Aid Assets
CVS is now operating 63 former Rite Aid and Bartell Drugs stores in Idaho, Oregon and Washington. Continue Reading CVS Pharmacy Completes Acquisition of Rite Aid Assets
Neighborhood Ventures Acquires Foreclosed Phoenix Multifamily Property for $11 Million
Neighborhood Ventures, an Arizona-based real estate crowdfunding company, has acquired Venture on 52nd Street, a foreclosed 71-unit multifamily property in the Arcadia neighborhood of Phoenix, for $11 million. The transaction marks the second time Neighborhood...
Long Vacant Historic NYC Theater Acquired with State Grants
A historic theater in New York City’s Upper West Side that has been shuttered for the past 20 years has been purchased for $6.9 million by a nonprofit aided with state grants. IndieWire reports the long-vacant Metro Theater was acquired by Upper West Side Cinema...
Texas Developers Hire Prominent Attorney to Fight Sharia City Accusations
The East Plano Islamic Center (EPIC), the Texas mosque behind the development of a residential and commercial center known as EPIC City, have hired a prominent attorney to represent them after Gov. Greg Abbott accused them of planning to build a city founded on Sharia...
NEWS & CURRENT EVENTS
Industrial Property Vacancy Rate Up in Q4
Quarterly new leasing activity totaled approximately 130 msf in the fourth quarter and was down 15.7% compared to one year ago. Continue Reading Industrial Property Vacancy Rate Up in Q4
Redfin Lays Off 46 Employees
The company stated that none of its agents were laid off. Continue Reading Redfin Lays Off 46 Employees
Macy’s and Kohl’s Announce Store Closures
“Closing any store is never easy,” said Tony Spring, chairman and CEO of Macy’s Inc. Continue Reading Macy’s and Kohl’s Announce Store Closures
Teresa Carlile Named President at Ridgeland Mortgage
Carlile was previously operations manager for business insurance at Travelers. Continue Reading Teresa Carlile Named President at Ridgeland Mortgage
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WEEKLY REAL ESTATE NEWS EXCLUSIVE ARTICLES
Find insights, information, tools, perspectives, and trends written by experts and published exclusively on WRE News.
As Housing Market Cools, Homebuyers are Putting Less Money Down on a Home
The typical U.S. homebuyer’s down payment fell 10% year over year in January to $42,375, its lowest level in nearly two years, according to a new report from Redfin, the technology-based real estate brokerage. The median down payment was down 35% from the peak it...
EXIT Realty Expands to Additional Markets in the U.S.
Craig Witt, CEO-USA for EXIT Realty Corp. International announced that EXIT Realty has expanded into seven more new markets: EXIT Strategy Realty located at 4106 Oakton St, Skokie, IL – Nick Libert, Franchisee EXIT Realty Coannah located at 610 N Alma School...
Utah Title Company Acquired by Security Service Federal Credit Union
Security Service Federal Credit Union closed on the acquisition of Utah First Title Insurance Agency this week. Founded in 1956, Security Service is a national credit union with 67 locations in Texas, Colorado, and Utah. In addition to providing a wealth of...
Wild Swings in Interest Rates are Making Sellers Hesitate to List Their Homes
According to Zillow's latest market report, mortgage rates — both their high levels and wild swings are making life difficult for buyers and sellers. Relatively high rates have reduced new listings to record lows, leaving buyers with limited options. Any dips in...
Housing Market in Pennsylvania Remains Flat in February 2023
According to a report prepared for the Pennsylvania Association of Realtors, the February housing market remained steady compared to the prior month. "January and February reflected similar numbers across the board," said PAR President Al Perry. "The number of...
Florida’s Housing Market Showed Signs of Heating Up in February 2023
Florida's housing market in February continued to show increasing inventory and higher median prices compared to a year ago, according to Florida Realtors' latest housing data. The report also shows that economic uncertainty, inflation, and interest rates...
United Real Estate Gallery Merges with URWAY Realty
URWAY Realty, located in Northeast Florida, has merged with United Real Estate Gallery. URWAY Realty, led by Broker Laura Evans, brings ten agents to United. The team closed 34 million in sales in 2022. In addition to residential property, URWAY Realty’s expertise...
Rental Property Owners Face Increased Pressure to Reduce their Carbon Footprint
JLL's new “Green Leasing 2.0: Bridging the owner-occupier divide to deliver shared ESG value” report outlines the considerations building occupiers and owners should include at all relationship stages to incorporate sustainability and reduce their carbon footprint....
New York Experiences a 4.4% Drop in Median Sales Price in February
OneKey MLS is a real estate marketplace for monthly statistics for residential real estate transactions from Montauk to Manhattan, north through the Hudson Valley and the Catskill Mountains. For February 2023, OneKey MLS reported a regional closed median sale price of...
Stag Industrial Hires New EVP of Real Estate Operations
STAG Industrial, Inc. announced that its Board of Directors had appointed Steven T. Kimball as Executive Vice President—Real Estate Operations, effective when Mr. Kimball joins the Company this spring. Mr. Kimball will lead the Company's asset management and...
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