News
NKF Adds New NorCal Senior Managing Director
Robby Perrino will be leading an expanding team currently consisting of nine professionals in four Northern California offices including San Francisco, San Mateo, Santa Clara and Sacramento.
Rich Uncles Buys AvAir HQ in Arizona for $27M
Lee & Associates has brokered the transaction on behalf of the buyer. The sale price equates to nearly $163 per square foot.
SVF Snags $23M Miami-Area Flex Campus
The Cushman & Wakefield Capital Markets team, along with two leasing partners, negotiated the sale of Transal Park, a six-property campus that was 88 percent leased at the time of sale.
Retail Center Trades for $13M in Buford, GA
The two-building retail center anchored by Petco is currently 96 percent leased. The asset is across the street from the Mall of Georgia, and along a route with a daily traffic count of 31,000 vehicles.
Arizona Office Buildings Change Hands in $69M Deal
Transwestern Investment Group sold the 226,358-square-foot Lincoln Towne Centre in Scottsdale on behalf of its TSP Value and Income Fund I LP.
Economy Watch Weekly: Amazon HQ2’s Impact on Housing
Whichever market Amazon chooses for its next North American headquarters will surely feel the impact. Economy Editor Dees Stribling discusses how the decision will affect housing markets, in his roundup for the week ending Jan. 19, 2018
DelMonte Hotel Group Sells NY Portfolio
Hunter Hotel Advisors represented the seller in the disposition of the Courtyard by Marriott properties, which the new owners plan to renovate by investing $5 million in capital improvements.
Economy Watch: IMF Ups Economic Growth Predictions
The IMF cited factors such as stronger-than-expected activity in 2017 and the macroeconomic impact of tax reform as reasons for its revised growth forecast.
HoloLamp’s 3D Advantage
The device, which presents visual renderings and the illusion of buildings directly on the tabletop, allows architects to replace non-interactive mockups.
Iconic Chicago Building’s Reno to Yield Increased Efficiencies
Equity Office, owner of the renowned Willis Tower, has selected technology firm Entic to help incorporate tools and practices at the 4.5 million-square-foot mixed-use office high-rise, which ranks as the tallest in the Windy City.