by Greg Wasik | Jul 1, 2022 | Los Angeles Real Estate and Appraisal News
Showing the impact of rising interest rates in the real estate market, PIMCO-backed FGMC last week laid off 80% of its approximately 500 employees. According to one employee they are no longer accepting new mortgages which suggests the firm will be shut down. In a...
by Greg Wasik | Mar 14, 2018 | Los Angeles Real Estate and Appraisal News
According to a source, Toys R Us plans to close and/or sell all 800 US stores. This comes after the retailer filed for bankruptcy six months ago. Their financial problems date back to a leveraged buyout in 2005 which saddled the company with a debt level that finally...
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