News
Baltimore-Area Industrial Asset Changes Hands
The property in Elkridge last traded in 2004, when Matan Cos. acquired it for $6.7 million. The building served as the headquarters of Kane Co., which filed for bankruptcy and vacated it in 2016.
Lincoln Closes Sale of Atlanta-Area Office Asset
The two-story property, which is fully leased to four tenants, is part of the Northlake Commons Office Park in Tucker, Ga.
Bay Area Office Campus Changes Hands
PCCP LLC and Align Real Estate formed a joint venture to acquire Walnut Creek Center, a two-building, 236,122-square-foot, Class A office facility. The new owners plan to invest approximately $3 million in capital upgrades.
Fuze Relocates HQ to Boston
The 51,000-square-foot space at 2 Copley Place will house 300 employees, with enough room to accommodate twice as many workers as the company grows.
SACA Closes Sale of Callaghan Shopping Center
The retail center was 91 percent occupied at the time of the transaction, with 60 percent of the property leased to the same tenants for over 10 years.
Dallas Cambria Hotel Earns LEED Silver
The four-story, 129-key hotel is the first Cambria Hotel to receive LEED certification. Opened in March 2015, the facility was recognized for installing electric car charging stations, for reducing water use, as well as for using solar power and low-emitting building materials,
Hunt Mortgage Expands to Phoenix, Hires New VP
Matthew Frank was named vice president of the company’s Small Balance Loan Group, where he will be responsible for sourcing and closing Freddie Mac small balance loans.
Bayfront Citigold Center Debuts in Miami
The new digital branch features amenities including online workbench terminals, a lounge and video conferencing to provide clients with worldwide access to Citi’s services.
Economy Watch: Internet Sales Continue Robust Growth
The growth of e-commerce sales has been steady over the last decade, including during the recession, hitting $105.7 billion in the first quarter of 2017, according to the U.S. Census Bureau. Conventional retail sales, on the other hand, saw its most anemic quarterly growth since the onset of the recession.
LA-Area Retail Asset Trades for $20M
Marcus & Millichap facilitated the transaction of the 111,830-square-foot Walmart-anchored center in Norwalk on behalf of the seller, Newmark Merill Co.