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VanTrust Real Estate Acquires 32-Acre Site in Utah for Industrial Warehouses

VanTrust Real Estate Acquires 32-Acre Site in Utah for Industrial Warehouses

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

The development company VanTrust Real Estate has acquired a 32-acre parcel in West Valley City, Utah, to build four industrial warehouse buildings. The site is located just south of State Route 201 and west of Mountain View Corridor, and it is also near the Salt Lake...
Crowdfunding Company Acquires Distressed Phoenix Multifamily Property

Crowdfunding Company Acquires Distressed Phoenix Multifamily Property

by Phil Hall | Dec 13, 2024 | Current News & Events, Market Snapshot, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

Neighborhood Ventures, an Arizona-based real estate crowdfunding company, is acquiring Venture on Colter, a distressed 123-unit multifamily property in Central Phoenix. The property, formerly known as Thom Slate on Colter, is being purchased directly from the lender...
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...
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