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West77 Partners Expands Into Phoenix Market

West77 Partners Expands Into Phoenix Market

by Phil Hall | Sep 10, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

West77 Partners, a real estate investment and development firm based in Bellevue, Washington, and Salt Lake City, has opened a new office in the greater Phoenix market. According to the company, the new office will handle its construction of multiple LivAway Suites...
Scioto Properties Acquires 277-Property Portfolio for $80 Million

Scioto Properties Acquires 277-Property Portfolio for $80 Million

by Phil Hall | Sep 10, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Scioto Properties, a Columbus, Ohio-based real estate investment company focused on providing long-term residential financing services in the healthcare industry, has paid $80 million to acquire a portfolio of 277 properties across 17 states. The acquisition is the...
Four-Property Commercial Portfolio in Connecticut Sells for $26.5 Million

Four-Property Commercial Portfolio in Connecticut Sells for $26.5 Million

by Phil Hall | Sep 9, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A portfolio of four commercial properties in Connecticut were sold for $26.5 million. The properties, which are part of the Guilford Commons plaza located in the town of Guilford, include a 63,100-square-foot strip mall that sold for $13 million, a 48,700-square-foot...
Big Lots Declares Bankruptcy, Announces Sale to Nexus; Future of Stores Uncertain

Big Lots Declares Bankruptcy, Announces Sale to Nexus; Future of Stores Uncertain

by Phil Hall | Sep 9, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The discount retailer Big Lots Inc. (NYSE: BIG) has filed for Chapter 11 bankruptcy and announced the sale of its assets and business operations to an affiliate of Nexus Capital Management LP. Under the terms of the Sale Agreement, Nexus will serve as the...
Philadelphia 76ers Being Lured to Relocate into Proposed New Jersey Arena

Philadelphia 76ers Being Lured to Relocate into Proposed New Jersey Arena

by Phil Hall | Sep 6, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The New Jersey state government is seeking to lure the Philadelphia 76ers basketball team out of their hometown and into a proposed arena that would be center of a new mixed-use development in the city of Camden. According to ROI-NJ, the multibillion-dollar project...
Microsoft Pays $330 Million for Silicon Valley Campus

Microsoft Pays $330 Million for Silicon Valley Campus

by Phil Hall | Sep 6, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Microsoft Corp. (NASDAQ: MSFT) is paying $330 million to purchase the Silicon Valley campus it has been leasing for the past five years. Tribune News Service reported the tech giant acquired the Mountain View property in an all-cash transaction. The real estate...
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