News
Opa-Locka Flea Market Trades in $80M Deal
The new owner signed a long-term lease with RER Outdoor Marketplace, which will operate the property and implement a series of upgrades at the flea market.
Economy Watch Weekly: Consumers Less Certain About Economy
Economy Editor D.C. Stribling discusses the University of Michigan’s latest survey of consumers, which recorded a decrease in confidence about future economic prospects.
DTLA’s South Park by Windsor Retail is Fully Leased
Kennedy Wilson arranged three 10-year leases totaling more than 12,500 square feet for the ground-floor retail space of the mixed-use high-rise.
Peak Campus to Manage 2,000-Bed Student Housing Portfolio
High View Place, Maverick Place, Rebel Place and Spring Place are the four student housing communities that will be managed by Peak Campus. Waypoint Campus Housing LLC acquired the portfolio for $102 million in May.
Toy Manufacturer Opens 1 MSF Facility in Pennsylvania
Mattel Inc. partnered with Ryder System Inc. in managing and staffing the distribution center. The facility is fully operational.
Dimension Expands DC Management Portfolio
With the addition of the 220-key hotel The Westin Crystal City, the company’s portfolio achieved a historic milestone, peaking at 10,000 guest rooms.
JLL Arranges Industrial Lease in Houston
JLL’s Mark Nicholas, Richard Quarles and Joe Berwick worked on behalf of the landlord, Schroeder Partnership, in the lease negotiations.
Stream Realty Partners Sells Retail Center in Pearland, TX
The commercial real estate firm sold The Center at Pearland Parkway I. The property is fully leased to national tenants including Ross Dress for Less and T.J. Maxx.
Rexford Buys $20M Inland Empire Industrial Asset
The 201,035-square-foot property is fully leased to a logistics tenant on a triple net basis and has significant rental upside.
SRS Appoints National Net Lease Group VP
Based in the firm’s Newport Beach office, Ara Rostamian advises clients on the acquisition and disposition of retail real estate properties throughout Los Angeles, Southern California and the Western U.S.