Marcus & Millichap
TPI Hospitality Sells Southern MN Hotel
The 118-key hotel includes 10,000 square feet of conference space and a number of guest amenities such as a fitness center, complimentary Wi-Fi and an on-site sports bar.
Can Real Estate Adapt to Historic Levels of Change?
Steeped in tradition and time-honored techniques, the real estate industry has thrived thanks to its dependability and cyclical nature, but powerful forces are creating disruption on an unprecedented scale.
Marcus & Millichap Report: Tax Reform’s CRE Impact Likely Limited
While the separate versions of tax reform put forth by the U.S. House of Representatives and the U.S. Senate have not yet been reconciled, the report concludes that neither proposal, or any combination of the two, would cause anything close to shockwaves in the commercial real estate industry.
BLT Enterprises Sells $16M OR Warehouse
The nearly 92,000-square-foot facility is leased entirely by a single tenant, FedEx Group. Marcus & Millichap represented the seller in the transaction.
Chicago-Area Self-Storage Facility Changes Hands
Marcus & Millichap marketed the 44,000-square-foot facility located in Romeoville on behalf of a private investor, representing the buyer as well.
8-Property OH Self-Storage Portfolio Commands $31M
Marcus & Millichap brokered the sale of an eight-property self-storage portfolio of 3,050 units located in seven cities throughout Ohio.
Private Investment Group Snags Denver Office Asset
Red Tail Acquisitions sold Belcaro Place, a 154,000-square-foot property, to private investment group F6F. The property was 97 percent occupied at the time of sale.
On the Market: 5 Interesting Listings for November
This month’s listings include a historic Massachusetts multifamily asset built in 1895 and a recently renovated office/loft space in Birmingham, Ala.
Mixed-Use Center Sells for $13M in Chicago Suburbs
Marcus & Millichap brokered the sale of Metropolitan Square, a grocery-anchored lifestyle center, in Des Plaines, Ill. The firm represented the seller and procured the buyer.
Life Science Firms Buy NJ Industrial Assets
In separate deals brokered by Cushman & Wakefield, two pharmaceutical companies acquired industrial buildings in Piscataway and Somerset, N.J., fueling the life science industry’s growth within the Interstate 287 corridor.