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QXO Makes $5 Billion Acquisition Bid for Building Products Supplier GMS Inc.

QXO Makes $5 Billion Acquisition Bid for Building Products Supplier GMS Inc.

by Phil Hall | Jun 19, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

The Greenwich, Connecticut-headquartered building products distributor QXO Inc. (NYSE: QXO) has made an unsolicited $5 billion all-cash acquisition proposal to GMS Inc. (NYSE: GMS), a specialty distributor of interior construction products. “Our all-cash proposal to...
Real Estate Developer Patrick Zalupski in Talks to Buy the Tampa Bay Rays

Real Estate Developer Patrick Zalupski in Talks to Buy the Tampa Bay Rays

by Phil Hall | Jun 18, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Real estate developer Patrick Zalupski has signed a letter of intent (LOI) to purchase Major League Baseball’s Tampa Bay Rays. According to a Sportico report sourced from “multiple sources who asked not to be named because the details are private,” the deal values the...
25,000 SF Retail Plaza in Pennsylvania Sells for $12 Million

25,000 SF Retail Plaza in Pennsylvania Sells for $12 Million

by Phil Hall | Jun 17, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

A 25,000-square-foot retail property in Jamison, Pennsylvania, has been sold for $12.17 million. The property, located at the intersection of Route 263 and York Road, is occupied by a Wawa convenience store and gas station and a Tractor Supply center. The site also...

Fairway Independent Mortgage Acquires Hallmark Home Mortgage

by Phil Hall | Jun 13, 2025 | Current News & Events, Mortgage Information, Real Estate News, WRE News Exclusive

Madison, Wisconsin-based Fairway Independent Mortgage Corp. announced its acquisition of Hallmark Home Mortgage. The acquired company will become Hallmark Home Mortgage, Powered by Fairway, and will be a new division of Fairway. Fairway CEO and founder Steve Jacobson...
265-Unit Seattle Multifamily Community is Acquired for $173 Million

265-Unit Seattle Multifamily Community is Acquired for $173 Million

by Phil Hall | Jun 13, 2025 | Current News & Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

The real estate investment company Kennedy Wilson (NYSE: KW) has partnered with Kenedix, Inc. and Hulic Co. Ltd. on the $173 million acquisition of The Danforth, a 265-unit multifamily community in Seattle. The 16-story Danforth was constructed in 2018 at the...
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