November 28, 2024 - 18:46
Peter Cancro, the founder of Jersey Mike’s, has made headlines with an astounding $8 billion deal involving private equity powerhouse Blackstone. This strategic transaction allows Cancro to retain his leadership position while transferring a majority stake to Blackstone, significantly enhancing his financial standing. As a result, Cancro has ascended to the 388th position on Bloomberg’s Billionaire Index, boasting an estimated net worth of $7.55 billion.
In addition to his success in the sandwich industry, Cancro has cultivated a remarkable real estate portfolio that includes luxurious apartments and a prime condo near Central Park. This diverse investment strategy reflects a growing trend among entrepreneurs who seek to diversify their assets. The commercial real estate sector has historically shown strong performance, often outpacing the stock market, making Cancro's investments a prudent move. As he continues to expand both his culinary and real estate ventures, Cancro's influence in the business world is undeniable.
June 16, 2025 - 08:51
Celebrating Excellence in Real Estate: NJBIZ Honors Leaders and Top ProjectsOn June 10, a prestigious event took place at The Marigold in Somerset, where NJBIZ recognized the outstanding contributions of the 2025 Leaders in Real Estate Construction and Design, alongside...
June 15, 2025 - 17:04
Proposed Bill in Albany Raises Concerns Over Contract LawReal estate lawyers are expressing serious concerns regarding a bill currently progressing through the legislative process in Albany. They argue that the proposed legislation, intended to protect...
June 15, 2025 - 03:46
Free Real Estate Webinar Scheduled by Christi Reece GroupGrand Junction, CO – June 9, 2025 – The Christi Reece Group is excited to announce a complimentary Real Estate Webinar set to take place on Wednesday, June 18, from 5:30 to 6:30 PM. This...
June 14, 2025 - 22:43
Affordable New Homes Under $350K Attract Buyers in California's Central ValleyAffordability in California`s Central Valley region is a drawcard for buyers—especially those who want new homes that are move-in ready. Despite the state`s median home prices soaring to an...