Hanley Investment Group Real Estate Advisors arranged the sale of a new-construction, single-tenant property occupied by a Raising Cane’s Chicken Fingers Drive-Thru restaurant in Imperial Beach, . The sale price in this off-market transaction was $5.7 million. EVPs Bill Asher and…
A nearly $1B Fifth Avenue sale and several midsized Midtown office leases were the highlights of the past week in New York City commercial real estate. TOP LEASES Fisher Brothers’ Park Avenue Plaza, located at 55 E. 52nd St., is…
Alterra Industrial Outdoor Storage acquired a 17-property portfolio through a process spearheaded by the CBRE capital markets team in Chicago. The TruGreen Portfolio includes 840 Commerce Parkway, a 22K SF property in Carpentersville The TruGreen Portfolio consists of properties totaling 350K…
Orlando-based Holidays Network Group paid $27M for a Miami Beach apartment building that is approved for conversion into a 107-room hotel, The Real Deal reports. The 88-unit apartment complex at 2618 Collins Ave. was sold by a joint venture of investors Eli Dadon, Avi Dishi…
Jamestown sold Malibu Village for $81.5M, or about $1,600 per SF, to Stan Kroenke, according to The Real Deal, which cited an anonymous source. The deal represents a big discount from the $120M, or $2,300 per SF, Jamestown paid for the…
The office sublease market may finally be cooling off. The amount of sublease space in Chicago’s Central Business District increased by 75% between Q1 2020 and Q1 2021, hitting a historic high of 5.7M SF, but the market has begun…
Ashley Capital started construction on a new speculative 397K SF industrial building at 11101 Enterprise Way in Sturtevant, Wisconsin. This will be the third building constructed at the firm’s Enterprise Business Park, and it’s just one of the many spec…
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