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Congress Considers Bill Adding Scrutiny to Foreign Adversary Purchases of US Farmland

Congress Considers Bill Adding Scrutiny to Foreign Adversary Purchases of US Farmland

by Phil Hall | Sep 23, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

New bipartisan legislation before Congress is seeking to add a new layer of scrutiny to acquisitions of US farmland and agricultural industry by nations that are viewed as hostile to American interests. The Protecting American Agriculture from Foreign Adversaries Act...
Blackstone Sells Motel 6 Lodging Chain to Indian Company for $525 Million

Blackstone Sells Motel 6 Lodging Chain to Indian Company for $525 Million

by Phil Hall | Sep 23, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The India-based travel technology company OYO has acquired G6 Hospitality, the parent company of the lodging brands Motel 6 and Studio 6 brands, from the New York City-based investment firm Blackstone (NYSE:BK) for $525 million in an all-cash transaction. Motel 6...
Philadelphia Agrees to $1.55 Billion Arena for the 76ers

Philadelphia Agrees to $1.55 Billion Arena for the 76ers

by Phil Hall | Sep 20, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The City of Philadelphia has reached an agreement to build a new $1.55 billion, 18,500-seat arena that will be home to the NBA’s Philadelphia 76ers. Philly Voice reported the new arena will be on East Market Street just south of Chinatown on a site that is currently...
Abatement and Demolition Begin on Phoenix’s Metrocenter Mall

Abatement and Demolition Begin on Phoenix’s Metrocenter Mall

by Phil Hall | Sep 20, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Concord Wilshire Capital and TLG Investment Partners have begun the abatement and demolition of the Metrocenter Mall in Phoenix while forming a partnership with Diversified Partners LLC to develop and construct the 140,000-square-foot retail component within the...
Georgia-Pacific Plans to Transform Atlanta HQ Building into Mixed-Use Development

Georgia-Pacific Plans to Transform Atlanta HQ Building into Mixed-Use Development

by Phil Hall | Sep 19, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Atlanta-based Georgia-Pacific LLC, the pulp and paper company, announced plans to transform its 51-story world headquarters and the surrounding city block into a mixed-use property. The proposed development, scheduled for completion in fall 2027, will include more...
Janover Debuts Platform for Connecting Real Estate Syndicators and Investors

Janover Debuts Platform for Connecting Real Estate Syndicators and Investors

by Phil Hall | Sep 18, 2024 | Commercial Real Estate News, Real Estate Investing, Real Estate News, WRE News Exclusive

Janover Inc. (NASDAQ:  JNVR), an artificial intelligence (AI)-enabled platform for commercial real estate transactions, has rolled out Groundbreaker’s Janover Engage, a marketplace designed to connect real estate syndicators with investors. Groundbreaker is a wholly...
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