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Maverick Real Estate Partners Closes Seventh Flagship Fund

Maverick Real Estate Partners Closes Seventh Flagship Fund

by Phil Hall | Sep 12, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Maverick Real Estate Partners LLC (“Maverick”), a New York City-based investment manager focused on distressed debt secured by commercial real estate, has closed Maverick Lien Fund VII LP with commitments of $232.4 million from pension funds, endowments, foundations,...
Report: Alimentation Couche-Tard Mulling Updated Bid for 7-Eleven Parent

Report: Alimentation Couche-Tard Mulling Updated Bid for 7-Eleven Parent

by Phil Hall | Sep 12, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Canadian-based Alimentation Couche-Tard Inc. (ACT) (TSX:ACT) is reportedly planning to reapproach Japan’s Seven & i Holdings (OTCMKTS: SVNDY) with a new acquisition bid, despite the U.S. Federal Trade Commission’s (FTC) reported it was pursuing an antitrust...
Court Shuts Down El Paso Hotel Over Alleged Venezuelan Crime Gang Activity

Court Shuts Down El Paso Hotel Over Alleged Venezuelan Crime Gang Activity

by Phil Hall | Sep 12, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The historic Gateway Hotel in El Paso, Texas, has been temporarily closed by a state judge amid accusations that the property’s owner enabled the Venezuelan criminal gang Tren de Aragua to operate from its premises. The El Paso Times reported Judge Maria Salas-Mendoza...
Kingsbarn Realty Capital Acquires Pennsylvania Medical Clinic

Kingsbarn Realty Capital Acquires Pennsylvania Medical Clinic

by Phil Hall | Sep 11, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Las Vegas-headquartered Kingsbarn Realty Capital has acquired a new single-tenant, net-lease medical clinic in Macungie, Pennsylvania. The property, known as Health Center at Macungie by LVHN (Lehigh Valley Health Network), was constructed in 2023 and features a...
BurgerFi Files for Bankruptcy, To Close 67 Eateries

BurgerFi Files for Bankruptcy, To Close 67 Eateries

by Phil Hall | Sep 11, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Fort Lauderdale-headquartered BurgerFi International (NASDAQ: BFI), the parent company of BurgerFi and Anthony’s Coal Fired Pizza, has filed for Chapter 11 bankruptcy. BurgerFi was founded in 2011 and went public in 2020, acquiring Anthony’s Coal Fired Pizza &...
Brennan Investment Group Acquires 17-Building Industrial Portfolio

Brennan Investment Group Acquires 17-Building Industrial Portfolio

by Phil Hall | Sep 11, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Brennan Investment Group, a Chicago-based real estate investment, has acquired Yorkbrook Business Park, a 17-building industrial portfolio located in Lombard, Illinois. The portfolio covers 740,000 square feet across the 17 individual buildings and is located on...
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