News
Brokers+Engineers Opens San Francisco Location
The company’s California location is the newest addition to its current offices in New York and Tampa. Brokers+Engineers tech products include predictive pricing and 1031 tax advisory to exchangers.
Aloft Hotel Receives $18M Construction Loan
Developed by Michael Tchakmakjian, the new 85-key hotel will be located in Glendale, Calif. and is expected to open in May 2019.
BGL Sells Michigan MOB
BGL Real Estate Partners’ National Healthcare Real Estate Group served as the exclusive advisor to the seller in the transaction.
NKF to Lease Redeveloped Mall in NY
Lesso Mall Development Long Island Inc. will transform the former Source Mall and Fortunoff building into a mix of home furnishings showcase, restaurants, community centers and co-working space.
Provident Bank Secures Refi for NJ Business Park
Denholtz Associates plans to replace the parking areas and roofs, as well as repair the façades of the 11 buildings it owns within the 16-asset Bridgewater Business Park.
Intense Competition Fuels Capital Source Convergence in 2018
Distinctions among capital sources are blurring as the global search for yield heats up, intermediaries and lenders concurred at MBA’s annual finance conference last week in San Diego.
Economy Watch: Retail Sales Dip in January
The monthly drop is in contrast to December, when adjusted sales were up 0.4 percent compared with the month before, the Census Bureau reported.
Marcus & Millichap Arranges Self-Storage Sale
The company’s self-storage advisory team, The Mele Group, brokered the sale of Hyde Park Storage, a 205-unit asset located in Tampa.
Public Storage Expands CA Portfolio
The company has opened a 350-unit self-storage facility in Gardena, Calif. The property will serve the nearby South Bay cities as well.
NAI Partners Negotiates Houston Office Lease
Renovated in 2013, 515 Post Oak Blvd. is a LEED-certified 273,710-square-foot high-rise. The property was roughly 17 percent vacant at the time of the transaction.