Presented by Cushman and Wakefield
Cushman & Wakefield Brokers $3.25 Million Apartment Sale; Second Trade on Same Street in 90 Days
SOMERVILLE, NJ—Cushman & Wakefield has completed the $3.25 million sale of 62-64 West Main Street, a three-story apartment building with ground-floor retail in downtown Somerville. It's the second multifamily transaction they've completed on the same street in the last three months.
STAMFORD, CT—The founder and CIO of Land and Buildings says the REIT’s stock is trading at “a significant discount to NAV,” and that consensus estimates of the company’s value are too low.
SANTA ANA, CA—“The lack of homes listed for sale is causing unadjusted house price growth to remain strong,” says First American Financial’s Mark Fleming.
OAK BROOK, IL—InvenTrust Properties Corp has taken a hard look at its investment strategy and is concentrating on high-quality assets well-located in the company’s target markets, and it has an experienced team to execute.
SAN FRANCISCO—While the commercial real estate markets remain strong, we’re approaching the top of the cycle, with elevated pricing and some resistance from investors, Colliers International’s Andrew Nelson tells GlobeSt.com.