Marcus & Millichap
Karr Self-Storage Group Brokers Sale of Texas Facility
Marcus & Millichap’s Fort Worth self-storage group has arranged the sale of a facility on behalf of the Austin-based seller and secured the buyer, a Philadelphia investor.
NYC Retail Portfolio Commands $55M
Marcus & Millichap worked on behalf of the seller—a longtime family owner—in the 19-property transaction and also procured the buyer, Chestnut Holdings.
KKR, Parkway Properties Buy 522 KSF Miami Office Tower
The joint venture partners purchased the 30-story building in the city’s central business district from PGIM Real Estate, which had owned the property since 2013.
Phoenix-Area Storage Facility Sells for $7M
Marcus & Millichap’s Tampa-based self-storage group, together with the firm’s Phoenix office, brokered the sale of the 722-unit asset located in Mesa, Ariz.
Atlanta-Area Retail Property Trades for $2M
Kehr Hunter Properties disposed of Delk Powers Ferry Place in Marietta, Ga. The 88 percent leased asset includes tenants such as Domino’s Pizza, American Deli and China Doll.
Brice Head Rejoins Marcus & Millichap CA Office
Head will be senior vice president of investments in the company’s new El Segundo office. Previously, he was part of the firm’s Los Angeles team for four years.
Retail Leaders Share Strategies for Change
Marcus & Millichap’s annual Retail Trends panel, held during RECon, addresses the opportunities and challenges posed by a sector going through rapid transformation.
How Does Supply Shortage Impact the NYC Retail Sector?
A new Marcus & Millichap report highlights how modest development activity, healthy population and job growth in the Big Apple affected retail vacancies and rents.
C&W Bolsters Ft. Lauderdale Office Asset Tenancy
Tenants Patriot National and Marcus & Millichap will occupy a total of roughly 32,000 square feet at Cypress Financial Center, bringing the building’s occupancy to 88 percent.
Stable Industrial Investments Spur Sale-Leaseback Deals
A Marcus & Millichap report found that the new federal tax laws that favor leasing over owning also contribute to a growing number of industrial sale-leaseback transactions.