In the News—Week of March 23, 2026

Thomas Title & Escrow, LLC successfully closed a multifamily sale for the property known as MV on 3rd, located in Phoenix, Arizona. The transaction totaled $11.5 million, reflecting continued investor demand for well-located assets in the central Phoenix submarket. The property was acquired by Starlight Realty Group, marking a strategic addition to the buyer’s growing portfolio. The deal was expertly managed by Escrow Officer Joel Montemayor, with business development led by Justin Wine, and support from Title Officer Teri Guevara and the Thomas Title team. With multiple parties involved and detailed coordination required throughout the process, the team delivered a smooth and successful closing from start to finish—once again demonstrating Thomas Title & Escrow’s ability to execute complex commercial transactions at the highest level.

Up in smoke: Vaping company Juul sheds office tower it bought but never occupied

Juul bought a 29-story office tower in San Francisco in 2019, just as legal and political pressure on the e-cigarette company escalated, and it ultimately never moved in, The San Francisco Standard reports. Years later, the largely vacant building is set to change ownership after an agreement by Madison Capital to take over the distressed debt, reportedly valuing the property in the low $90 million range. The transaction would likely be handled through a deed in lieu of foreclosure, allowing control to shift without a drawn-out court process. Public records indicate Juul financed the purchase with a $220 million loan, and the building is now only lightly leased. The buyer is said to be partnering with a Prudential Financial subsidiary as it makes a push into San Francisco’s troubled office market.

Whiskey tycoon wants to give college campus in Vermont to Christian group

Raj Peter Bhakta, founder of WhistlePig Whiskey, says he wants to give the former college campus in Poultney, Vermont, to a Christian institution that shares his faith-driven vision for renewing the country, the New York Post reports. The 115-acre property includes the former campus buildings of Green Mountain College and extensive farmland and could be worth a substantial sum. Bhakta frames the transfer as a mission-based bequest rather than a typical real estate deal. He warns that restoring and running the site would be costly, estimating as much as $200 million for rehabilitation plus significant annual operating and maintenance expenses. Bhakta bought the campus for $4.5 million in 2020 after the college closed, and after years of shifting plans and disputes, he is now looking to hand it to a like-minded group or sell it on the open market.

Stanford moves ahead with plans for cancer center in Redwood City

Stanford Medicine is moving ahead with plans for a major cancer center at its Redwood City campus, Hoodline reports. The school filed a preliminary project proposal for an inpatient hospital, research facilities and expanded outpatient services on the 35-acre site. Redwood City is about 5 miles from Stanford’s main campus. To get a green light, the project would need amendments to both the Stanford in Redwood City Precise Plan and the city’s general plan, along with a full environmental review and a series of public hearings that could stretch out over several years.