Marcus & Millichap finalized the sale of a 0.16-acre parcel of land located in San Diego. The asset sold for $1,600,000. Aaron Bove, senior managing director investments in Marcus & Millichap’s San Diego Del Mar office, marketed the property on behalf of the seller, 3971 Georgia…
Securing a mortgage to buy a home has become more expensive than at any time since 2000, making people less likely to move and restricting the migration flows that have become more common during the pandemic. The number of existing…
The Mayo Clinic is building out its $432 million Phase 3 tower expansion, adding five stories with 250,000 square feet of space to be added. The Robins & Morton Group will construct a shell building for the tower expansion above…
The National Association of Realtors headquarters at 430 North Michigan Ave. in Chicago. Redfin instructed its brokers and agents to resign from the National Association of Realtors in places where that is possible, according to a statement by the company Monday. As a company,…
Foulger-Pratt has been building apartments and commercial projects for more than half a century, and now the Maryland-based developer is expanding into a new business line: build-to-rent. Courtesy of Foulger-Pratt An aerial rendering of Foulger-Pratt’s build-to-rent community in Brandywine, Maryland. The…
A wave of maturing debt has been a boon to business for Atlanta-based Peachtree Group. Town Center at Cobb Mall in Kennesaw, Georgia Peachtree Group, through its Peachtree Group Credit division, has deployed $556M in loans and another $526M to…
Meridian Capital Group arranged $9.3 million in financing to refinance a fractured condominium property in Tallahassee. The loan was provided by a credit union and was negotiated by Meridian senior managing director Morris Betesh, managing director Tamir Kazaz and VP…
It’s little wonder many in Chicago CRE have adopted what Origin Investments CEO Michael Episcope called “a survive until ’25” mentality. Amid cratering transaction volumes, double-digit drops in property values, a burdensome bureaucracy and tax assessments that are rising at one of the most…
Houston is the only Texas metro with growing multifamily rents at the moment. But seeing its apartment market as in the clear would require rose-colored glasses. Houston’s multifamily rental rate has grown 1.2% in the last year, according to a July report from MRI ApartmentData,…
The Sun Belt has quickly become one of the country’s hottest regions for commercial real estate, and in North Carolina’s largest city, Charlotte, business is thriving. Due to the city’s rapidly growing job market and steep increase in population, Charlotte CRE…
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