Investment
Marcus & Millichap’s Nadji on What’s Shaking Up the Industry
At the 2018 CREW Convention and Marketplace in San Diego, the firm’s CEO talked about the most important trends currently impacting the real estate services business.
Fully Leased Atlanta Warehouse Changes Hands
Mayfield Properties sold the distribution center for more than $16 million. The roughly 455,000-square-foot asset last traded in 2014 for $12.8 million.
Blackstone Buys Maui Hotel, Condo Property
Ares Management, SMW Hospitality and Trinity Investments sold the Ritz-Carlton, Kapalua, which encompasses a 297-key luxury resort and 107 condos on the Hawaiian island’s northwest shore.
Nashville Hotels Change Hands
Wheelock Street Capital sold the two-property portfolio to The Gehr Group approximately five years after acquiring the assets for $18.6 million.
Net-Lease Office Deal Volume Rises 29 Percent
In the second quarter of 2018, the sector experienced the most investment growth of the major single-tenant categories, according to Real Capital Analytics data.
What Do Midterm Elections Mean for the Single-Tenant Sector?
Despite the unlikelihood of sweeping changes, investors in the segment have expressed caution about tax reform’s future, noted NetCMG’s Jonathan Hipp.
Navigating the New Age of Retail Real Estate
The sector is changing, pushing savvy owners and operators to consider alternative uses and embrace creative concepts, according to BDO’s Stuart Eisenberg and David Berliner.
AREP Acquires PA Office Tower for $108M
The roughly 347,000-square-foot building is 15 miles from Philadelphia and features tenants such as Marsh & McLennan Cos., Allied Universal, Penn Mutual, AMG Funds and Airgas.
Bixby Land Co. Sells San Diego Creative Office Park
The property known as The Oberlin traded for $20.4 million and encompasses more than 62,000 square feet in the city’s Sorrento Mesa submarket.
Montecito Medical Enters Minnesota Office Market
The company acquired a Class A medical office building in Willmar. Fischer Laser Eye Center and Janning Ear, Nose and Throat Center are the property’s two tenants.