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7-Eleven Parent Company Receives Acquisition Bid

7-Eleven Parent Company Receives Acquisition Bid

by Phil Hall | Aug 19, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Japan’s Seven & i Holdings (OTCMKTS: SVNDY), the parent company of the 7-Eleven chain, has received an unexpected acquisition bid from the Canadian-based Alimentation Couche-Tard Inc. (ACT) (TSX:ACT) that could create one of the world’s largest retail networks....
Hyatt Sells Orlando Hotel for $1 Billion

Hyatt Sells Orlando Hotel for $1 Billion

by Phil Hall | Aug 19, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Hyatt Hotels Corporation (NYSE:H) completed the sale of the 1,641-room Hyatt Regency Orlando and adjacent 45 acres of land to affiliates of RIDA Development Corporation and an Ares Management Real Estate fund for approximately $1.07 billion. The Chicago-headquartered...
Chicago Mixed-Use Building Bought in 2016 for $140 Million Sells for $47 Million

Chicago Mixed-Use Building Bought in 2016 for $140 Million Sells for $47 Million

by Phil Hall | Aug 14, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

A four-story mixed-use building on Chicago’s Magnificent Mile that was last sold in December 2016 for $140 million has changed hands for $47 million, a two-thirds discount. According to CoStar, North American Real Estate (NARE) acquired the 85,000-square-foot retail...
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...
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