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Blackstone Sells Motel 6 Lodging Chain to Indian Company for $525 Million

Blackstone Sells Motel 6 Lodging Chain to Indian Company for $525 Million

by Phil Hall | Sep 23, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The India-based travel technology company OYO has acquired G6 Hospitality, the parent company of the lodging brands Motel 6 and Studio 6 brands, from the New York City-based investment firm Blackstone (NYSE:BK) for $525 million in an all-cash transaction. Motel 6...
Overton Moore Properties Acquires 41-Acre Bay Area Property

Overton Moore Properties Acquires 41-Acre Bay Area Property

by Phil Hall | Sep 17, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Overton Moore Properties (OMP), a real estate firms focused on industrial, office and mixed-used projects, has acquired the 41-acre property in the Bay Area locality of Livermore, California. The property will be the home of the OMP Oaks Business Park, a...
Sagard Real Estate Acquires Industrial Properties in New Jersey and Maryland

Sagard Real Estate Acquires Industrial Properties in New Jersey and Maryland

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

Sagard Real Estate, a real estate investment advisor and operator formerly known as EverWest Real Estate Investors, has acquired two industrial properties located in New Jersey and Maryland. In New Jersey, the company paid $24.1 million for an 80,468-square-foot...
Report: Alimentation Couche-Tard Mulling Updated Bid for 7-Eleven Parent

Report: Alimentation Couche-Tard Mulling Updated Bid for 7-Eleven Parent

by Phil Hall | Sep 12, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The Canadian-based Alimentation Couche-Tard Inc. (ACT) (TSX:ACT) is reportedly planning to reapproach Japan’s Seven & i Holdings (OTCMKTS: SVNDY) with a new acquisition bid, despite the U.S. Federal Trade Commission’s (FTC) reported it was pursuing an antitrust...
Brennan Investment Group Acquires 17-Building Industrial Portfolio

Brennan Investment Group Acquires 17-Building Industrial Portfolio

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

Brennan Investment Group, a Chicago-based real estate investment, has acquired Yorkbrook Business Park, a 17-building industrial portfolio located in Lombard, Illinois. The portfolio covers 740,000 square feet across the 17 individual buildings and is located on...
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