Tag

Property Purchase

All articles tagged with #property purchase

Clayton School District Withdraws from Caleres Property Purchase Amid Backlash
education2 years ago

Clayton School District Withdraws from Caleres Property Purchase Amid Backlash

The Clayton Board of Education has decided to cancel its $20.9 million contract to purchase the Caleres headquarters following strong community opposition. The school board will now focus on updating its long-range facilities plan to meet the district's needs over the next 15 to 20 years. The property, which includes 275,000 square feet over three buildings, is still being actively marketed for sale by Caleres. The decision to back out of the purchase has garnered mixed reactions, with some expressing relief while others emphasize the need for revenue generation for the city and school district.

"UK Law Firms Face Uncertainty as Cyberattack Disrupts Home Sales and Legal Services"
technology2 years ago

"UK Law Firms Face Uncertainty as Cyberattack Disrupts Home Sales and Legal Services"

Homebuyers, including Alice Fenton, are facing uncertainty in completing their property purchases due to a cyber-attack on CTS, an IT services provider for law firms. The attack has rendered documents inaccessible, causing delays and potential breaches of contract. Up to 200 law firms may have been affected, impacting property completions. CTS has not disclosed the scale of the problem or provided a timeline for service restoration. Buyers are concerned about expiring mortgage offers and increased interest rates. The property law regulator has confirmed disruption to transactions, while affected buyers remain in the dark about when their purchases can be completed.