News
New Tax Code’s Impact on Net-Leased Retail Investment Strategies
A new Marcus & Millichap report looks at how retail owners continue to adapt to the restrictions on business interest deductions and other changes in the tax law.
Downtown Fort Lauderdale Office Tower Sells for $109M
NAI/Merin Hunter Codman teamed up with Pacific Coast Capital Partners to acquire the 19-story, 352,000-square-foot Class A asset.
Avison Young Adds New Principal
Tom Viscount brings more than 15 years of commercial real estate experience. Prior to joining the company, he worked at Butters Realty & Management as senior vice president.
Optima Attracts Tenants at Chicago Luxury Tower
The Montessori school, veterinarian firm GoodVets and fitness center RUNAWAY signed leases at Optima Signature in the Streeterville neighborhood.
Fort Lauderdale Strip Center Changes Hands
Midland Plaza, an 8,800-square-foot retail asset in South Florida, sold for $1.2 million. Berger Commercial Realty/CORFAC International represented the buyer in the transaction.
Agellan Acquires $53M Distribution Center in Atlanta
The 2 million-square-foot industrial complex, built in 1978, is 87 percent leased to two tenants and was renovated in 2001.
Simpson Org. Snags GA Office Campus
Cushman & Wakefield represented Velocis in its disposition of Royal Centre One, a 152,935-square-foot property within the Royal 400 office park in Alpharetta.
Orlando High-Rise Receives $46M Refi
A CBRE team arranged the floating rate loan on behalf of a joint venture between Apollo Global Management and Steelbridge Capital. The financing replaces a 2014 mortgage.
Oversupplied Self-Storage Markets Face Further Rent Decline
Street-rate rents have dropped 4.1 percent across the U.S. Metros on the west, however, continued to elevate as supply lags demand.
Liberty Property Trust Sells Phoenix Office Portfolio for $255M
CBRE represented the REIT in the sale of five buildings totaling 806,000 square feet, one of the metro’s largest office transactions on record.