Marcus & Millichap
Wyndham to Separate Hotel, Timeshare Businesses
Geoff Ballotti, the current CEO, will lead the hotel company, and Michael Brown, current CEO of the group’s Vacation Ownership division, will lead the timeshare operation.
Matthews Adds Daniel Withers as SVP
Industry veteran Daniel Withers brings more than 18 years of experience. He will continue the strategic expansion of the company’s footprint.
Barry Slatt Appoints San Diego SVP
Bringing more than 20 years of industry experience, Thomas Cohen specializes in the placement of debt and the procurement of equity for commercial real estate projects nationwide.
US Industrial Vacancy at Record Lows: Marcus & Millichap
Markets across the United States are seeing continued demand from businesses seeking to expand warehouse and distribution space, particularly for those urban last-mile locations desired by e-commerce tenants.
Chicago PNC Bank Changes Hands for $4 Million
The buyer, a Canadian investment group, paid almost full price for the 7,500-square foot asset located in North Side Chicago. Marcus & Millichap negotiated the transaction on behalf of both parties involved.
Boca Raton Office Asset Commands $39M
The four-story 301 Yamato features a wide array of amenities including executive suites, on-site banking and 24/7 manned security.
Amato Properties Acquires Pennsylvania Shopping Center
A private investor based in southeastern Pennsylvania sold Scott Town Plaza, a 73,634-square-foot neighborhood shopping center in Bloomsburg, Pa., for $5.5 million. At the time of sale, the property was fully leased.
Amenity-Rich Self-Storage Facility Lands New Owner
Marcus & Millichap brokered the sale of the 71,000-square-foot property in Winston-Salem, N.C. The asset was built in 2014 and has been operating since 2015.
Phoenix Self Storage Lands New Owner
The 128,240-square-foot facility offers value-add opportunities, adjacent to a thoroughfare that is part of Phoenix’s $84 million Avenida Rio Salado street improvement project.
Detroit’s Orchestra Place Changes Hands
Marcus & Millichap closed on the sale of the five-story office building located in the city’s Midtown neighborhood. The buyer was a regional investment group.