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Floyd Mayweather Acquires 1,000-Unit Manhattan Portfolio for $402 Million

Floyd Mayweather Acquires 1,000-Unit Manhattan Portfolio for $402 Million

by Phil Hall | Oct 17, 2024 | Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Boxing great Floyd Mayweather has acquired a 1,000-unit affordable housing portfolio in Manhattan for $402 million. The Real Deal reported the portfolio encompasses more than 60 building in Upper Manhattan. Josh Gotlib of Black Spruce Management was the seller in the...
Sienna Senior Living Acquires Four-Property Portfolio in Alberta

Sienna Senior Living Acquires Four-Property Portfolio in Alberta

by Phil Hall | Oct 17, 2024 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

Markham, Ontario-headquartered Sienna Senior Living Inc. (TSX: SIA) has entered into an agreement to acquire a portfolio of four continuing care homes in Alberta for $181.6 million. The portfolio consists of Airdrie Care Community in Airdrie, Shasta Care Community in...
True Value Files for Bankruptcy, Sells Business to Hardware Rival

True Value Files for Bankruptcy, Sells Business to Hardware Rival

by Phil Hall | Oct 15, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

True Value Company LLC announced that it filed for bankruptcy and will sell its business operations to home improvement industry peer Do it Best Corp. The company will continue its day-to-day operations serving 4,500 independently owned retailers, and none of the...
New Ownership for Unfinished Ontario Condo Complex

New Ownership for Unfinished Ontario Condo Complex

by Phil Hall | Oct 14, 2024 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

A mid-rise condominium project in Kitchener, Ontario, that was paused after it ran into financial problems has a new ownership team vowing to finish construction. The Canadian mortgage lender Dorr Capital Corporation, ELM Developments, and Gentai Capital Corporation...
Chase Properties Acquires Retail Plazas in Upstate New York and Virginia

Chase Properties Acquires Retail Plazas in Upstate New York and Virginia

by Phil Hall | Oct 11, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The real estate investment firm Chase Properties has announced two retail property acquisitions: Creekside Plaza in Ithaca, New York, and Waynesboro Town Center in Waynesboro, Virginia. The 180,000-square-foot Creekside Plaza was built in 2001 and is 95% leased, with...
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