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Overton Moore Properties Acquires 41-Acre Bay Area Property

Overton Moore Properties Acquires 41-Acre Bay Area Property

by Phil Hall | Sep 17, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Overton Moore Properties (OMP), a real estate firms focused on industrial, office and mixed-used projects, has acquired the 41-acre property in the Bay Area locality of Livermore, California. The property will be the home of the OMP Oaks Business Park, a...
White House Launches Task Force on AI Data Center Infrastructure

White House Launches Task Force on AI Data Center Infrastructure

by Phil Hall | Sep 17, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Biden administration has announced the creation of a Task Force on AI Data Center Infrastructure, designed to coordinate artificial intelligence (AI) infrastructure policy across federal agencies. In a press statement, the administration said the new task force...
Sagard Real Estate Acquires Industrial Properties in New Jersey and Maryland

Sagard Real Estate Acquires Industrial Properties in New Jersey and Maryland

by Phil Hall | Sep 17, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Sagard Real Estate, a real estate investment advisor and operator formerly known as EverWest Real Estate Investors, has acquired two industrial properties located in New Jersey and Maryland. In New Jersey, the company paid $24.1 million for an 80,468-square-foot...
Carlyle to Provide $1 Billion for North Bridge’s C-PACE Lending

Carlyle to Provide $1 Billion for North Bridge’s C-PACE Lending

by Phil Hall | Sep 16, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The global investment firm Carlyle (NASDAQ: CG) has made a strategic investment into North Bridge ESG LLC, a provider of real estate finance solutions, and also announced it will provide up to $1 billion to facilitate the origination of commercial property assessed...
New Hotel Planned at NYC’s Rockefeller Center

New Hotel Planned at NYC’s Rockefeller Center

by Phil Hall | Sep 13, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Kimpton Hotels & Restaurants, a division of IHG Hotels & Resorts (NYSE: IHG), is teaming with Extell Development Company for the creation of a new hotel at New York City’s Rockefeller Center. The 33-story Kimpton Rockefeller Center is set to open in late 2025...
Medical Properties Trust Regains Control of Its Real Estate from Steward Health Care

Medical Properties Trust Regains Control of Its Real Estate from Steward Health Care

by Phil Hall | Sep 13, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Medical Properties Trust Inc. (NYSE: MPW) announced a settlement agreement with the bankrupt Steward Health Care System, along with its secured lenders (“the Lenders”) and the Unsecured Creditors Committee, that will cut its relationship with Steward and restore the...
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