Marcus & Millichap
New Tax Code’s Impact on Net-Leased Retail Investment Strategies
A new Marcus & Millichap report looks at how retail owners continue to adapt to the restrictions on business interest deductions and other changes in the tax law.
On the Market: 5 Interesting Listings for September
This month’s listings include office, retail and industrial properties located in desirable neighborhoods in or near Las Vegas, Orlando, Minneapolis, Atlanta and Los Angeles.
PCCP Funds $128M for OC Office Portfolio Purchase
The senior loan went to a joint venture of Angelo Gordon and Lincoln Property Co. for their recent acquisition of four properties totaling 540,000 square feet in Newport Beach and Irvine, Calif.
The Mele Group Brokers Sale of Phoenix-Area Storage Facility
The Tampa-based team facilitated the sale of a newly built asset in Mesa, Ariz. The transaction marks the team’s 33rd self-storage deal this year.
Andover Properties Sells Storage King Portfolio
Marcus & Millichap’s Tampa-based self-storage group facilitated the three-property investment deal. The new owner added 2,146 units to its holdings.
Mele Group Arranges Sale of Self-Storage Development
The brokerage team found a buyer that expects to complete the 980-unit facility in Pembroke Park, Fla., by summer 2019.
NKF Capital Markets Secures Loan for Large Self-Storage Deal
The 22 facilities total more than 1 million square feet and are located in nine metros in Florida, Oklahoma and Texas.
The Mele Group Arranges Sale of CA Facility
Marcus & Millichap’s Tampa-based self-storage team brokered the sale of a 711-unit asset located in the Inland Empire. The team represented both parties in the deal.
PEG Cos. Buys Multi-State Marriott Portfolio
The roughly $130 million deal encompasses more than 1,000 guestrooms in eight states. Cantor Commercial Real Estate provided the acquisition financing.
Chicago Loft Office Building Commands Near-Record Price
Marcus & Millichap represented the seller of the four-story West Loop property, which traded for 13.1 million or $436 per square foot.