CEO Ryan Schneider said the merger represents a major step toward building a stronger, more connected real estate platform. The proposed merger with Compass advances that journey by bringing together two of the most innovative and respected organizations in real estate, he said. We expect to create a platform where agents, franchisees and employees can thrive while delivering even greater value to homebuyers and sellers across every phase of the transaction.
Millbrae is set to become the next location of the growing fast-casual Slice House chain by award-winning Bay Area pizzaiolo Tony Gemignani. Slice House by Tony Gemignani will bring craft pizza, fresh pastas, beer, wings, salad and more to a location about a half-block from downtown Millbrae's Broadway. Gemignani is known as the chef behind Tony's Pizza Napoletana in San Francisco's North Beach neighborhood as well as a number of other restaurants, and as a 13-time World Pizza Champion.
Franchise-focused private equity firm Franchise Equity Partners (FEP) announced it acquired a majority stake in 7 Crew, the second-largest franchisee of the fast-growing U.S. coffee chain 7 Brew. With the deal, FEP said it is following through on plans to open more than 200 7 Brew drive-through locations across Texas, Florida, Oklahoma and New Mexico. Existing 7 Crew investors Masked Rider Capital and Red Sky Holdings are retaining significant equity stakes in 7 Crew, which currently operates approximately 50 7 Brew locations,
Continuing a year marked by strong franchise development, the multi-award-winning K9 Resorts Luxury Pet Hotel has announced its first location in New York City. The renowned pet boarding and daycare brand is partnering with New York-based hospitality veterans The Dhillon Group to launch a state-of-the-art facility at 295 Front Street in the Dumbo neighborhood of Brooklyn, slated to open in early 2026.