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Blackstone Acquires Majority Stake in Out-of-Home Media Company

Blackstone Acquires Majority Stake in Out-of-Home Media Company

by Phil Hall | Jun 12, 2023 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Blackstone (NYSE:BX) announced that funds managed by the company’s Blackstone Tactical Opportunities division acquired a majority stake in New Tradition Media, an out-of-home media operator with assets across the nation’s largest markets. Founded in 2010, New...
Yardi Acquires CloudVO, A Reseller of Virtual Offices

Yardi Acquires CloudVO, A Reseller of Virtual Offices

by Phil Hall | Jun 6, 2023 | Current News & Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

The real estate software company Yardi has acquired CloudVO, the San Francisco-based online reseller of virtual offices, meeting rooms and other workplace services. The financial terms of the acquisition were not disclosed. As of June 1, CloudVO ceased to take new...
Poplar Homes Acquires Venture REI’s Single-Family Property Management Business

Poplar Homes Acquires Venture REI’s Single-Family Property Management Business

by Phil Hall | Jun 6, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Poplar Homes, a Cupertino, California-based proptech for single-family rental investors, has acquired Venture REI’s Arizona-based single-family for rent property management portfolio for an undisclosed sum. The acquisition marks Poplar’s entry into the...
Planet Home Lending Acquires Platinum Home Mortgage Corp.

Planet Home Lending Acquires Platinum Home Mortgage Corp.

by Phil Hall | Jun 1, 2023 | Current News & Events, Real Estate News, U.S. Housing Market

Planet Home Lending LLC, a Meriden, Connecticut-headquartered mortgage lender and servicer, announced the asset acquisition of retail lender Platinum Home Mortgage Corp., based in Hoffman Estates, Illinois. According to the companies, Planet will acquire the majority...

PacWest Sells Real Estate Lending Division

by Phil Hall | May 24, 2023 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

PacWest Bancorp (NASDAQ:PACW) sold its Civic Financial Services property lending division to the real estate financing firm Roc360 for an undisclosed amount. The sale, which was reported by the Wall Street Journal, is the second transaction this week involving PacWest...
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