Thanks for reading the Bisnow Weekender, my personally curated roundup of the most impactful news, notable quotes, binge-worthy show recommendations and other colorful highlights from the Bisnow world of commercial real estate and beyond. Women are in more positions of power…
Simone Development Companies has announced that UrgentWay, a provider of walk-in medical services, has signed a long-term lease for a 2,000-square-foot urgent care center at 2826 Westchester Avenue in the Pelham Bay section of the Bronx. This lease completes…
Marcus & Millichap closed the sale of 1423-1427 E. 14th St., a 6,603-square-foot retail property located in San Leandro. The asset sold for $2,950,000. Quentin Caruso, senior associate, and Vince Schwab, executive managing director investments in Marcus & Millichap’s San Francisco office, marketed…
Since Covid, mixed-use developers have been forced to reconsider their formula regarding how much office space is needed. The universal adoption of hybrid working during the pandemic has decreased the amount of space companies typically lease in office buildings. Much…
Notwithstanding a volatile commercial lending market, particularly relating to office buildings, Del Ray Realty founder Ray Rowshankhah secured a favorable loan structure at 85% LTV for the acquisition of 501 S. Beverly, a three-story office property in Beverly Hills. The sale price…
Marcus & Millichap arranged the sale of Centre City Plaza, a 14,260-square-foot multi-tenant retail property located in Escondido. The asset sold for $3,950,000. “The property was on the market for 30 days and received six offers,” said Nick Totah, SVP investments for…
CBRE has arranged a new 57,161-square-foot industrial lease with the first tenant within Northwest Gateway Center, a newly constructed two-building industrial campus in Arlington Heights, Illinois. CBRE’s Jack Brennan, Mike Sedjo, John Hamilton, and Ben Dickey represented the owner, Ridgeline…
Remedy Medical Properties, Inc. has purchased a six-building medical office portfolio in Northern Kentucky for an undisclosed amount. CBRE’s Steve Timmel, CCIM, Will Roberts, Chris Prosser, CCIM, and Travis Likes represented the seller, Zalla Companies, in the transaction. The portfolio…
MassDevelopment issued a $6.9 million tax-exempt bond for LEO Inc. to convert its headquarters into a preschool in Lynn, MA, serving 270 students. The renovation includes 15 classrooms, a commercial kitchen, a gross motor room, and a multipurpose room. Eastern…
Land Innovations and Rochford Realty are planning a 27-acre mixed-use development in Nolensville, just south of Nashville. Nolensville has experienced rapid growth in recent years. The city’s population has grown from 2,000 to more than 15,000 people since 2000. The…
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