March 28, 2025 - 21:12

In a surprising move, billionaire Jorge Pérez made a bold decision regarding his son Jon Paul’s career path. Rather than immediately welcoming him into the family real estate business, Pérez insisted that Jon Paul gain valuable experience by working for another company. This unconventional approach was designed to teach his son the importance of hard work and independence before stepping into a leadership role.
Years later, this strategy proved to be a wise investment in Jon Paul's future. After accumulating experience and expertise in the industry, he has now ascended to the position of CEO of the family-owned firm. Pérez's decision to delay Jon Paul's entry into the business allowed him to develop a broader understanding of the real estate market and build essential skills that would benefit the company in the long run.
This father-son dynamic highlights the significance of mentorship and the value of learning from diverse experiences in preparing the next generation for leadership.
May 3, 2026 - 04:30
Kapaʻa Kauaʻi Village Center sold as part of a multi-state grocery store-anchor dealA portfolio of seven grocery-anchored shopping centers across multiple states has been sold, with the Kapaʻa Kauaʻi Village Center in Hawaii included in the transaction. CBRE Investment...
May 2, 2026 - 21:34
Property owners, developers say Portland vacancy fee would fail to fill storefrontsPortland`s proposed vacancy fee is drawing sharp criticism from property owners and developers who say it will do little to actually fill empty storefronts. Instead, they argue, the real drivers of...
May 2, 2026 - 03:45
Compass v. Zillow: The real-estate battle that's upended house hunting in AmericaA quiet but fierce war is reshaping how Americans look for a place to live. It is not a fight over mortgage rates or bidding wars. It is a battle between two real estate giants, Compass and Zillow,...
May 1, 2026 - 04:19
City Council approves $979.1M budget with unchanged real estate tax rate but eyes tougher choices aheadThe Alexandria City Council voted unanimously Wednesday night to approve City Manager Jim Parajon`s proposed $979.1 million budget for Fiscal Year 2027. The spending plan, which represents a 2.4%...