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Blackstone Announces $8 Billion Final Close for New Commercial Property Debt Fund

Blackstone Announces $8 Billion Final Close for New Commercial Property Debt Fund

by Phil Hall | Mar 7, 2025 | Commercial Real Estate News, News/Current Events, Real Estate Investing, WRE News Exclusive

The alternative asset management company Blackstone (NYSE: BX) announced the final close of its most recent commercial real estate debt fund, Blackstone Real Estate Debt Strategies V (BREDS V), which has approximately $8 billion of total capital commitments. The Wall...
7-Eleven’s Japanese Parent Company to Spin Off North American Operations

7-Eleven’s Japanese Parent Company to Spin Off North American Operations

by Phil Hall | Mar 6, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Seven & i Holdings Co. Ltd. (OTCMKTS: SVNDY), the Tokyo-headquartered parent company of the 7-Eleven convenience store chain, announced it will spin off its North American operations into a separate company. In a press statement, the company declared it would...
GSA Identifies 440 Federal Buildings as ‘Non-Core Assets’

GSA Identifies 440 Federal Buildings as ‘Non-Core Assets’

by Phil Hall | Mar 5, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The General Services Administration (GSA) reported that its Public Buildings Service identified over 440 “non-core assets” owned and maintained by the federal government. In a statement, the GSA said the 440 properties encompass nearly 80 million rentable square feet...
J. Blake Sanderson to Lead First Internet Bank’s Commercial Real Estate Business

J. Blake Sanderson to Lead First Internet Bank’s Commercial Real Estate Business

by Phil Hall | Mar 4, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Fishers, Indiana-headquartered First Internet Bank has hired J. Blake Sanderson as first vice president of commercial real estate acquisition, development and construction. In his new role, Sanderson will work to further expand relationships and a portfolio currently...
Historic Connecticut Property Listed for $4.95 Million

Historic Connecticut Property Listed for $4.95 Million

by Phil Hall | Mar 4, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

One of Connecticut’s most iconic historic buildings has been listed for sale at $4.95 million. The 70,000-square-foot Waterbury Union Station building serves as the headquarters for the Republican-American newspaper. The Hartford Business Journal reports the listing...
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