Business Specialties
Monday Properties Pays $27M for Connecticut Office Asset
The two-building, 224,000-square-foot property in Stamford was more than 73 percent occupied at the time of sale.
ROVR Development Buys Miami MHC for $15M
The new owner financed the acquisition with an $8.5 million loan from Bank of America.
Suburban Orlando Retail Center Trades for $26M
Glenborough LLC sold the nearly 123,000-square-foot Kissimmee property. Publix anchors the asset.
Transwestern Brokers Minneapolis Anchor Lease Renewal
Jim Montez and Reed Christianson represented Sumitomo Corp., the owner of the 655,070-square-foot SPS Tower.
Bernanke Weighs In on CRE Outlook During Marcus & Millichap Panel
The former Fed chair shares insights on GSE privatization, the pandemic’s long-term impact on commercial real estate, and the prospects for recovery.
Axton Group Buys Renaissance Austin Hotel for $70M
The company is planning to renovate the 492-key property’s public spaces and meeting rooms for the post-COVID-19 era.
5 Tips for Safe Holiday Celebrations at Manufactured Housing Communities
With the festivities just around the corner, property managers need to take all the precautions to make sure residents stay safe during the holiday season.
Rialto Sells Former Sears in Northeastern Philly for $29M
The new owner plans to reposition the 237,000-square-foot property under the “Court at Cottman” label.
JLL to Lease, Reposition Los Angeles Medical Campus
Dr. Patrick Soon-Shiong purchased the 674,000-square-foot complex for $135 million out of bankruptcy this April.
CMBS Issuance Volume Improving: KBRA
Activity will continue its slow-and-steady upward trajectory, going from an estimated total of $55 billion in 2020 to $60 billion in 2021.