Marcus & Millichap
Retail Investment Trends to Watch in 2018
While some markets are stronger than others, the new Marcus & Millichap report points to general trends such as rising consumer confidence levels, the potential for higher wages and changes in the tax law that could play a role in shaping the economy and retail demand in 2018.
Marcus & Millichap Cinches Sale of IN Self-Storage Facility
The company represented the seller of Southside Storage in Bloomington, Ind., which changed hands for $74 per net rentable square foot.
Strategic Storage Growth Trust Expands FL Portfolio
The firm has purchased a 695-unit storage facility in Review, Fla. Marcus & Millichap brokered the sale of on behalf of both parties.
Gramercy Sells $43M FL Office Portfolio
Plantation Corporate Center I and II comprise just under 240,000 square feet of rentable space and are leased through 2021.
Marcus & Millichap Arranges Self-Storage Sale
The company’s self-storage advisory team, The Mele Group, brokered the sale of Hyde Park Storage, a 205-unit asset located in Tampa.
CenterPoint Buys 224 KSF Industrial Asset in NJ
The company continues its buying spree in the state’s port-related submarkets, with the acquisition of a a fully leased warehouse and distribution facility in South Brunswick, N.J.
IPA Brokers Sale of 526 KSF Ohio Shopping Center
Located in Aurora, Marketplace at Four Corners traded for $55.7 million. The Marcus & Millichap division procured the seller and the buyer, a 1031 exchange investor.
IPA Names New Senior Managing Director
With more than 20 years of industry experience, Bill Rose will be responsible for overseeing sales and financing for West Coast shopping centers.
Marcus & Millichap Taps New Retail SVP
Scott Holmes will be responsible for directing the firm’s retail business strategy nationwide. With more than 25 years of experience, he closed some $6 billion in commercial real estate transactions.
M&M Skyler Cooper Moves to Denver
Prior to joining Marcus & Millichap’s team in 2012, Cooper served as regional sales manager at Marriott International. He specializes in investment sales, focusing on hotel assets.