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Seattle’s Historic Smith Tower Skyscraper is Sold to Investors Group

Seattle’s Historic Smith Tower Skyscraper is Sold to Investors Group

by Phil Hall | Aug 9, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Smith Tower, the 42-story building that became Seattle’s first skyscraper in 1914, has been acquired by a group of local investors led by Seattle-based GT Capital in a transaction that also included the Butler Garage, a parking space in the city’s Pioneer Square...
Virtú Investments Acquires San Diego Multifamily Property

Virtú Investments Acquires San Diego Multifamily Property

by Phil Hall | Aug 6, 2024 | Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Virtú Investments, a multifamily real estate investment firm focuses on the western states, has acquired ALX, a 313-unit multifamily property in San Diego. The 19-story ALX was built in 2017 in the city’s Ballpark District neighborhood and also features 2,600 square...
Blackstone in Talks to Acquire Retail-Focused REIT

Blackstone in Talks to Acquire Retail-Focused REIT

by Phil Hall | Aug 1, 2024 | Commercial Real Estate News, Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The private equity firm Blackstone (NYSE:BX) is reportedly in discussions to acquire Retail Opportunity Investments Corp (NASDAQ: ROIC), a real estate investment trust (REIT) focused on retail properties in the Western states. According to a Reuters report sourced...
Muinzer Acquires Two Student Housing Communities Adjacent to Purdue University

Muinzer Acquires Two Student Housing Communities Adjacent to Purdue University

by Phil Hall | Jul 29, 2024 | Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Muinzer, a Los Angeles-headquartered real estate investment firm specializing in student housing, has acquired the Grant Street Station and South Street Station communities next to Purdue University in West Lafayette, Indiana. The properties total 362 student housing...
Mr. Cooper Pays $1.4 Billion For Flagstar’s Mortgage Operations

Mr. Cooper Pays $1.4 Billion For Flagstar’s Mortgage Operations

by Phil Hall | Jul 26, 2024 | Current News & Events, Mortgage Information, Real Estate News, WRE News Exclusive

Dallas-headquartered Mr. Cooper Group Inc. (NASDAQ: COOP) is acquiring the mortgage operations of Flagstar Bank for $1.4 billion. The acquisition encompasses Flagstar’s MSRs, advances, subservicing contracts, and a third-party origination platform. The purchase will...
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