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Ares Management Corporation to Acquire GCP International

Ares Management Corporation to Acquire GCP International

by Phil Hall | Oct 8, 2024 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Ares Management Corporation (NYSE: ARES) announced it will acquire the GCP International, the global business of GLP Capital Partners Limited, for approximately $1.8 billion in cash and approximately $1.9 billion in Ares Class A Common Shares. According to the...
Matterhorn Venture Partners Names Gary Nussbaum as a Principal

Matterhorn Venture Partners Names Gary Nussbaum as a Principal

by Phil Hall | Oct 8, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Matterhorn Venture Partners (MVP), a Chicago-based real estate investment firm, has hired Gary Nussbaum as a principal. In his new role, Nussbaum will source and implement new acquisition opportunities throughout primary US real estate markets, with a focus on...
eXp Realty in $34 Million Settlement Over Commissions

eXp Realty in $34 Million Settlement Over Commissions

by Phil Hall | Oct 7, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

eXp Realty, a subsidiary of eXp World Holdings Inc. (NASDAQ: EXPI), announced a $34 million settlement in the Hooper vs. the National Association of Realtors case. The settlement is the latest among the major brokerages who were sued over their business practices...
Hurricane Milton Reaches Category 5 Level Ahead of Florida Landfall

Hurricane Milton Reaches Category 5 Level Ahead of Florida Landfall

by Phil Hall | Oct 7, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

Hurricane Milton intensified in the Gulf of Mexico today, transitioning into a Category 5 storm ahead of its scheduled landfall in Florida on Wednesday. According to combined media reports, the storm was a Category 1 hurricane on Sunday evening before rapidly...
New Fund Seeks to Capture CMBS Opportunities

New Fund Seeks to Capture CMBS Opportunities

by Phil Hall | Oct 7, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Agent Tools, Real Estate Investing, WRE News Exclusive

Deer Park Road Management Company LP, an alternative asset management firm, announced the launch of Deer Park Commercial Mortgage Opportunity Fund I as a closed-end fund focused on realizing long-term growth of capital from opportunities within distressed commercial...
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