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HOUSTON--Los Angeles-based Nimes Capital, the private investment arm of Nazarian Enterprises, has acquired three adjacent multifamily properties totaling more than 1,100 units in the Spring Branch submarket.
DANVILLE, CA—Notably undergoing a $25 million renovation, the historic Danville Hotel has 10,000 square feet of retail, high-end condominiums, three restaurants totaling 8,000 square feet and an outdoor plaza, slated to open in the fourth quarter of this year.
FORT LAUDERDALE, FL—“The market remains very bullish, and it's being driven primarily by a large pool of investors seeking to place 1031 exchange proceeds.”
SAN FRANCISCO—“The lending part of the equation is staying pretty disciplined,” the Marcus & Millichap senior EVP said during a recent segment of CNBC's <i>Squawk Box.
LOS ANGELES—Today, a joint venture including Hankey Investment Co. and Jamison Services begins construction of Circa, a 1.6-million-square-foot mixed-use project in Downtown Los Angeles.
SANTA FE SPRINGS, CA—Custom Cos. signs a 63-month, 300,000-square-foot lease at a recently renovated industrial facility in Santa Fe Springs, negotiating and securing the lease in less than 60 days.
NEW YORK CITY—The sector is en route to recovery and has surpassed the TAMI sector in its volume of leasing thus far in 2015, according to a mid-year report from Cushman & Wakefield.