News
Divaris Facilitates Sale, Leases in SC and NC
Divaris Real Estate’s Charlotte office negotiated six transactions, including the $800,000 sale of a former furniture store in Columbia, S.C.
Wheeler Buys Norfolk, VA Shopping Center for $86M
Several national retailers anchor JANAF Shopping Yard, which is situated approximately nine miles from Wheeler’s corporate headquarters.
NKF Appoints Market Leader in Phoenix
Mike Garlick is now in charge of the Phoenix office’s overall strategy. He holds over two decades of experience in commercial real estate and has a good connection with the Phoenix brokerage community.
Ernst & Young Opens Hoboken Office
The 170,000-square-foot property will house more than 1,000 employees and is part of the EY@Work initiative, focused on integration, collaboration and innovation.
Bamboo Equity Acquires MO Office Asset
This acquisition marks the first purchase for the company’s Bamboo Micro Opportunity Fund I LP in Maryland Heights, and the second overall.
Preiss Acquires 1,180-Bed Student Housing Portfolio
The portfolio includes two properties serving the University of North Carolina, Charlotte. The acquisition was funded with a 10-year mortgage.
JLL Brokers Sale of Former Mellow Mushroom Site
Pacific Century Realty arranged the acquisition of a 9,400-square-foot building situated 20 miles from Dallas. JLL negotiated the deal on behalf of the seller.
Economy Watch Weekly: Retail Sales Way Up in 2017
The retail sector ended 2017 on a high note, experiencing a 5.4 percent increase in sales from last year, according to the U.S. Census Bureau. Economy Editor Dees Stribling discusses which categories fared best, for the week ending Jan. 12, 2018.
Ring Introduces New Security Products
Offering 1080p HD video, the company’s new Stick Up Cam can work both indoors or outdoors, while the elite version features both wired and wireless connectivity. The firm also offers new smart lighting systems.
Brooklyn Mixed-Use Development Lands $78M Loan
CW Realty will use the construction loan for the development of 187 Kent Ave., a mixed-use property located in the Williamsburg area of Brooklyn.