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NEW YORK CITY—“This transaction makes clear that we are on the front end of more institutional investment in the Bronx,” says Daniel Parker of Hodges Ward Elliott, a broker on the deal.
LOS ANGELES—Buchanan Street Partners funds a loan for a second Gelson's Market to come to Hollywood, saying that there is a high demand for grocery stores in the market.
NEW YORK CITY—Award winners among the 16 candidates will be honored next month during a cocktail reception hosted by the association's sales brokers committee.
NEW YORK CITY—A subsidiary of Vanke Ltd. Co.—China's largest residential developer—along with two US partners based here, has purchased a property that reportedly was owned by a nursing care provider.
SALT LAKE CITY—The merger of Coldwell Banker Commercial Advisors and Coldwell Banker Commercial Alliance will further the “agent-centric culture” of the combined company, CBC Advisors' Lew Cramer tells GlobeSt.com.
ENGLEWOOD, CO—In view of “the increasing amount of shopping that is occurring online,” the sporting goods retailer has asked a federal bankruptcy judge for permission to begin store-closing sales at about 140 locations.
SAN DIEGO—Bosa Development acquires Five Thirty B, a 232,936-square-foot building, from Kearny Real Estate for $53M as part of the seller's business plan to reposition the former Union Bank headquarters to appeal to a variety of tenants.
CHICAGO—Co-working should be one of the big drivers of the office market in the next few years, and providers are beginning to establish these spaces in affluent neighborhoods like North Center, Lakeview and others.
CHICAGO—Although the great recession may have ended, the age of vehicles on the road continues to increase as more consumers decide to hang onto their old cars.