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VanTrust Real Estate Acquires 32-Acre Site in Utah for Industrial Warehouses

VanTrust Real Estate Acquires 32-Acre Site in Utah for Industrial Warehouses

by Phil Hall | Dec 13, 2024 | Commercial Real Estate News, Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The development company VanTrust Real Estate has acquired a 32-acre parcel in West Valley City, Utah, to build four industrial warehouse buildings. The site is located just south of State Route 201 and west of Mountain View Corridor, and it is also near the Salt Lake...
Minneapolis’ Wells Fargo Center is Sold to Three Investor Groups

Minneapolis’ Wells Fargo Center is Sold to Three Investor Groups

by Phil Hall | Dec 13, 2024 | Commercial Real Estate News, Current News & Events, Market Snapshot, Real Estate Investing, Real Estate News, WRE News Exclusive

Minneapolis’ 57-story Wells Fargo Center has been acquired by a joint venture between the investor groups Cross Ocean Partners, Neuberger Berman Special Situations and Onward Investors. The 1.15 million-square-foot property opened in 1987 as the headquarters of...
The Pierre, a Historic NYC Hotel, Reportedly Up for Sale

The Pierre, a Historic NYC Hotel, Reportedly Up for Sale

by Phil Hall | Dec 11, 2024 | Commercial Real Estate News, Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The Pierre, a historic five-star hotel overlooking New York City’s Central Park, is being marketed for sale. According to a Bloomberg report sourced from unnamed “people familiar with the matter,” the landmark lodging property features 189 hotel rooms, restaurants and...
Planned Industrial Park in Texas to Seek Asia-Pacific Manufacturers as Tenants

Planned Industrial Park in Texas to Seek Asia-Pacific Manufacturers as Tenants

by Phil Hall | Dec 10, 2024 | Commercial Real Estate News, Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

ASC Global Inc., a wholly owned subsidiary of Token Communities (OTC PINK:TKCM), has executed a Letter of Intent to acquire 749 acres of development site in Texas for an industrial park that will have Asia-Pacific manufacturers as tenants. According to the company,...
Arizona Sandwich Chain Eegee’s Declares Bankruptcy, Closes 5 Eateries

Arizona Sandwich Chain Eegee’s Declares Bankruptcy, Closes 5 Eateries

by Phil Hall | Dec 10, 2024 | Commercial Real Estate News, Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The Arizona-based fast-food sandwich chain Eegee’s has filed for Chapter 11 bankruptcy and closed five of its eateries. According to combined media reports, the 53-year-old chain listed both assets and liabilities of between $10 million and $50 million and said it has...
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