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Blackstone Acquires Texas Industrial Portfolio for $718 Million

Blackstone Acquires Texas Industrial Portfolio for $718 Million

by Phil Hall | Apr 10, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Blackstone (NYSE: BX) has acquired a 95% stake in an industrial portfolio developed by Crow Holdings for $718 million. Crow Holdings and its partners will retain 5% ownership. The portfolio consists of 25 Class A buildings totaling 6 million square feet and is...
Port of Seattle Files Appeal to Prevent Residential Development in Industrial District

Port of Seattle Files Appeal to Prevent Residential Development in Industrial District

by Phil Hall | Apr 8, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Port of Seattle has filed an appeal in King County Superior Court to overturn the Seattle City Council’s decision to permit residential development in the industrial area surrounding the deepwater port. In a statement, the Port said the rezoning “appears that...
Frontier Lithium Completes Land Acquisition on Ontario’s Mission Island

Frontier Lithium Completes Land Acquisition on Ontario’s Mission Island

by Phil Hall | Mar 3, 2025 | Commercial Real Estate News, Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

Frontier Lithium, (TSXV: FL), a pre-production mining company, has completed its acquisition of a vacant industrial site on Mission Island in Thunder Bay, Ontario. The company closed on a previously disclosed unsecured convertible loan for aggregate proceeds of $3.35...
Former Hartford Courant HQ Going Up for Auction

Former Hartford Courant HQ Going Up for Auction

by Phil Hall | Dec 16, 2024 | Commercial Real Estate News, Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The former headquarters of the nation’s oldest continuously published newspaper is scheduled to be up for auction next month. The Hartford Business Journal reports the 289,392-square-foot office and industrial property that was once the home to Connecticut’s Hartford...
Lovett Industrial Breaks Ground on 27-Acre Texas Business Park

Lovett Industrial Breaks Ground on 27-Acre Texas Business Park

by Phil Hall | Nov 27, 2024 | Commercial Real Estate News, Current News & Events, Market Snapshot, Real Estate Investing, Real Estate News, WRE News Exclusive

Lovett Industrial, a Houston-based real estate investment firm, announced the recent groundbreaking of 121 Logistics Park, a 27-acre urban infill development consisting of 339,280 square feet across two Class A logistics facilities in Coppell and Lewisville, Texas....
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