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Blackstone Sells Motel 6 Lodging Chain to Indian Company for $525 Million

Blackstone Sells Motel 6 Lodging Chain to Indian Company for $525 Million

by Phil Hall | Sep 23, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The India-based travel technology company OYO has acquired G6 Hospitality, the parent company of the lodging brands Motel 6 and Studio 6 brands, from the New York City-based investment firm Blackstone (NYSE:BK) for $525 million in an all-cash transaction. Motel 6...
Philadelphia Agrees to $1.55 Billion Arena for the 76ers

Philadelphia Agrees to $1.55 Billion Arena for the 76ers

by Phil Hall | Sep 20, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The City of Philadelphia has reached an agreement to build a new $1.55 billion, 18,500-seat arena that will be home to the NBA’s Philadelphia 76ers. Philly Voice reported the new arena will be on East Market Street just south of Chinatown on a site that is currently...
Abatement and Demolition Begin on Phoenix’s Metrocenter Mall

Abatement and Demolition Begin on Phoenix’s Metrocenter Mall

by Phil Hall | Sep 20, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Concord Wilshire Capital and TLG Investment Partners have begun the abatement and demolition of the Metrocenter Mall in Phoenix while forming a partnership with Diversified Partners LLC to develop and construct the 140,000-square-foot retail component within the...
Janover Debuts Platform for Connecting Real Estate Syndicators and Investors

Janover Debuts Platform for Connecting Real Estate Syndicators and Investors

by Phil Hall | Sep 18, 2024 | Commercial Real Estate News, Real Estate Investing, Real Estate News, WRE News Exclusive

Janover Inc. (NASDAQ:  JNVR), an artificial intelligence (AI)-enabled platform for commercial real estate transactions, has rolled out Groundbreaker’s Janover Engage, a marketplace designed to connect real estate syndicators with investors. Groundbreaker is a wholly...
Overton Moore Properties Acquires 41-Acre Bay Area Property

Overton Moore Properties Acquires 41-Acre Bay Area Property

by Phil Hall | Sep 17, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Overton Moore Properties (OMP), a real estate firms focused on industrial, office and mixed-used projects, has acquired the 41-acre property in the Bay Area locality of Livermore, California. The property will be the home of the OMP Oaks Business Park, a...
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