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Longpoint Realty Partners Closes Third Institutional Fund

Longpoint Realty Partners Closes Third Institutional Fund

by Phil Hall | Oct 18, 2023 | Commercial Real Estate News, Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Boston-based real estate investment firm Longpoint Realty Partners announced the final closing of its third institutional fund, Longpoint Fund III L.P. (Fund III). According to the company, Fund III was oversubscribed, with approximately $940 million of commitments...
Wyndham Rejects Choice Hotels’ $7.8 Billion Takeover Offer

Wyndham Rejects Choice Hotels’ $7.8 Billion Takeover Offer

by Phil Hall | Oct 17, 2023 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Choice Hotels International Inc. (NYSE: CHH) has put forth an offer to acquire all the outstanding shares of Wyndham Hotels & Resorts Inc. (NYSE: WH) at a price of $90.00 per share, payable in a mix of cash and stock and totaling $7.8 billion. However, Wyndham...
Mikael Nyberg Named Chief Operating Officer at LendingStandard

Mikael Nyberg Named Chief Operating Officer at LendingStandard

by Phil Hall | Oct 17, 2023 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

LendingStandard, a Kansas City-based platform focused on commercial real estate finance, has hired Mikael Nyberg as its new chief operating officer (COO). “Mikael Nyberg’s exceptional track record in operational excellence and proven ability to drive...
Historic Hotel del Coronado Receives $160 Million Restoration Investment

Historic Hotel del Coronado Receives $160 Million Restoration Investment

by Phil Hall | Oct 16, 2023 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

One of the most famous hotels in the nation announced a new investment to restore its historic Victorian building. San Diego’s Hotel del Coronado will receive more than $160 million from Blackstone Real Estate, which marks the next and final phase of its more than...
Bedrock Energy, Geothermal Provider to Commercial Properties, Secures Seed Capital

Bedrock Energy, Geothermal Provider to Commercial Properties, Secures Seed Capital

by Phil Hall | Oct 11, 2023 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Bedrock Energy, a Los Angeles technology startup that designs, constructs and delivers geothermal heating and cooling systems to commercial properties, announced $8.5 million in seed capital. The financing round is led by Wireframe Ventures, with participation from...
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