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Cardone Capital Acquires 331-Unit Multifamily Property in Fort Lauderdale

Cardone Capital Acquires 331-Unit Multifamily Property in Fort Lauderdale

by Phil Hall | Sep 26, 2024 | Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Cardone Capital, the real estate investment firm led by high-profile investor Grant Cardone, announced the all-cash acquisition of The Edge at Flagler Village, a luxury 331-unit multifamily property in Fort Lauderdale. The financial aspects of the transaction were not...
Alexander & Baldwin Acquires Oahu Industrial Property

Alexander & Baldwin Acquires Oahu Industrial Property

by Phil Hall | Sep 24, 2024 | Commercial Real Estate News, Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Alexander & Baldwin Inc. (NYSE: ALEX), the only publicly traded real estate investment trust to focus exclusively on Hawaii’s commercial real estate sector, has completed an off-market acquisition of an industrial property in Pearl City, Oahu for $29.7 million....
Tempur Sealy to Sell 176 Stores to Win FTC Approval for Mattress Firm Acquisition

Tempur Sealy to Sell 176 Stores to Win FTC Approval for Mattress Firm Acquisition

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

Tempur Sealy International Inc. (NYSE: TPX) announced the divestiture of 176 stores to appease the Federal Trade Commission’s (FTC) objection over its proposed $4 billion acquisition of Mattress Firm Group. In conjunction with the planned Mattress Firm acquisition,...
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...
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