Marcus & Millichap Closes Multifamily Sale in San Diego’s College East
Marcus & Millichap closed the sale of The Molokai Apartments, a 39-unit multifamily property in San Diego. The property sold for $11.2 million, or $287,179 per unit. “The property received a tremendous amount of attention from the investment community due in
Rhone Signs 40K-SF Headquarters Lease with RFR in Stamford
Performance apparel brand Rhone has leased 40,000 square feet of office space at RFR’s 300 Atlantic St. in Stamford, CT. The transaction accommodates Rhone’s continuing growth of its established national brand presence, with more than 150 employees expected to occupy
Iconic Hollywood Building Site Gives Way to Apartment Units
For more than a decade, the Hollywood Bread Building at 1770 S. Young Circle sat vacant, once a revered structure in Hollywood. BTI Partners bought the property, demolished the aging building and replaced it with 362 residences and 15,407 square
Georgia Agency Announces 5 Shovel-Ready Industrial Sites
The Georgia Department of Economic Development (GDEcD) announced that five industrial sites across Georgia have earned a new certification that makes them particularly attractive for future industrial development: “Georgia Ready for Accelerated Development” (GRAD) certification with “Select” status. Georgia Department of
Why Job Numbers Don’t Tell the Whole Story
The U.S. labor market is sending mixed signals. According to Marcus & Millichap, 162,000 jobs were added in August, with June and July numbers revised upward by a combined 55,000. Approximately 80% of August’s net job gains were primarily in food
Transparency Is Becoming a Prerequisite for CRE Capital
Matthew McAuley, courtesy of JLL Transparency in commercial real estate has typically been considered a measure of market maturity. However, “as disruption and complexity become increasingly embedded in the global economy, transparency has become critical, shifting from a measure of market maturity
Construction’s Growth Story Depends on What’s Being Built
U.S. construction market data tells two stories. New construction starts fell 20% month over month in June, on the heels of a 33.5% gain in May. The surge was attributed to large projects within healthcare, manufacturing, utilities and data centers, according