News
Manhattan’s Top 10 Office Deals of 2017
Although the first and last quarters of 2017 saw a decline in sales volume, the borough remains one of the priciest and most sought-after markets in the world.
Marcus & Millichap Brokers Sale of Bay Area Mini Storage
The Mele Group, the company’s self-storage team, marketed the 635-unit facility located in Corpus Christi. The team represented both the seller and the buyer in the transaction.
Montecito Snags 63 KSF Chicago-Area MOB
Built in 2008, Medical Pavilion South is a four-story health-care facility located on the campus of Franciscan Health Dyer Hospital.
NHI Acquires TX Nursing Facility
The facility—which opened its doors in November 2016—expands Ensign’s portfolio of 16 skilled nursing facilities located in Texas. The acquisition is the second of four to which NHI had previously committed.
Inland Closes Acquisition of Oklahoma City MOB
The Surgical Hospital of Oklahoma, built in 1995 and expanded in 1998, contains 33,500 square feet of medical office space.
NAI Hiffman Closes 3 Chicago-Area Office Transactions
The deals include two leases and one sale in Chicago’s East-West corridor, totaling more than 100,000 square feet in three different suburbs.
Central Valley Shopping Center Fetches $6M
Colony Plaza, anchored by a Save Mart grocery store, is 92 percent leased to tenants such as H&R Block, Supercuts and Country Skillets.
Obama Presidential Center Project on Track
After months of negotiations with the community and city legislators, the Obama Foundation has submitted a revised development plan with the City of Chicago for city zoning entitlements, marking the most important step toward breaking ground on the project.
Menlo Equities Sells 239 KSF Portland Office Asset
An institutional investor purchased One Pacific Square. NW Natural recently announced plans to relocate its headquarters from the 239,000-square-foot office tower.
Transwestern Closes $25M Sale of Mixed-Use Denver Asset
Allante Properties sold Highland Place, a 54,557-square-foot property consisting of 68 units and five retail stores. Denver Regional Investment Properties LLC acquired the asset.