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ENCINO, CA—In an off-market transaction, a private investor offers $44 million, or $366,000 per unit, to IMT Capital to purchase a 120-unit apartment building, GlobeSt.com reports <b>EXCLUSIVELY</b>.
LOS ANGELES—CIM Group sells an office property for $24 million after purchasing it in June 2013 for $14 million, an appreciation of 41% in less than two years.
PHOENIX—Megan Creecy-Herman was named most outstanding chairman of the year and NAIOP Arizona earned two additional national awards Tuesday night at the industry organization's annual meeting in Washington, D.C.
PHILADELPHIA, PA—Panelists at RealShare PHILADELPHIA agreed that whether you are looking for investment, redevelopment or new opportunities, Philadelphia is the place to be. With 500 regional commercial real estate professionals in attendance, panel after panel cited strong evidence of a positive post-recession trajectory and overall good news for the industry.
PHOENIX—James DuMars, senior vice president and managing director of NorthMarq Capital's Phoenix-based office and Michael Elmore, executive vice president and managing director of NorthMarq Capital's Los Angeles-based office arranged refinancing of $13 million for 19th & Pinnacle Peak Commerceplex – Phase II.
SAN FRANCISCO—If San Francisco doesn't take corrective action, the gap between revenues and expenditures is expected to rise from $15.9 million to approximately $417.9 million from Fiscal Year 2015-16 to FY 2019-20.
ATLANTA— Chris Riley, vice chairman at CBRE, tells GlobeSt.com's Jennifer LeClaire how industrial dollar investments made today correlate to future rental rates in part two of this <b> EXCLUSIVE </b> interview.
MIAMI— After filing a $200 million lawsuit in January against the City of Aventura and gaining support from the local community earlier this month, the developers of Privé are making this battle more personal.