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Minneapolis’ Wells Fargo Center is Sold to Three Investor Groups

Minneapolis’ Wells Fargo Center is Sold to Three Investor Groups

by Phil Hall | Dec 13, 2024 | Commercial Real Estate News, Current News & Events, Market Snapshot, Real Estate Investing, Real Estate News, WRE News Exclusive

Minneapolis’ 57-story Wells Fargo Center has been acquired by a joint venture between the investor groups Cross Ocean Partners, Neuberger Berman Special Situations and Onward Investors. The 1.15 million-square-foot property opened in 1987 as the headquarters of...
Bascom Group Acquires Seattle Multifamily Community

Bascom Group Acquires Seattle Multifamily Community

by Phil Hall | Dec 12, 2024 | Current News & Events, Market Snapshot, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Bascom Group LLC, an Irvine, California-headquartered private equity firm, has acquired 2300 Elliott, a 92-unit multifamily community in Seattle. Built in 1992, the property features a five-story residential building situated above two levels of structured...
Blackstone Pays $2.6 Billion for Mixed-Use Tokyo Property

Blackstone Pays $2.6 Billion for Mixed-Use Tokyo Property

by Phil Hall | Dec 12, 2024 | Commercial Real Estate News, Current News & Events, International Real Estate News, Market Snapshot, Real Estate News, WRE News Exclusive

Real estate funds managed by Blackstone (NYSE: BX) has paid $2.6 billion to acquire Tokyo Garden Terrace Kioicho, a 2.4 million-square-foot mixed-use property, from affiliates of Seibu Holdings. The transaction is the largest real estate investment by a foreign...
TurboTenant Acquires REI Hub

TurboTenant Acquires REI Hub

by Phil Hall | Dec 10, 2024 | Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

TurboTenant, a provider of rental property management software, has acquired REI Hub, a rental property accounting software. According to the companies, the acquisition will enable independent landlords to access an expanded suite of tools designed to simplify the...
Hudson Valley Property Group Acquires 22-Property Portfolio

Hudson Valley Property Group Acquires 22-Property Portfolio

by Phil Hall | Dec 9, 2024 | Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

Hudson Valley Property Group (HVPG), a New York City-headquartered affordable housing preservation company, has acquired a 22-property portfolio spanning four states and comprising 4,768 units. The portfolio acquired includes 13 properties in Washington, seven in...
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