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PHOENIX—Colliers International in Greater Phoenix recently completed the sale of Dobson Springs, a 120-unit, class B apartment complex, for $9.12 million. The Standard-Mesa, LLC, of Denver purchased the complex, located at 1325 W. Guadalupe Rd. in Mesa, from Synergy Dobson Springs LP in Phoenix.
SAN FRANCISCO—In a partnership with Alexandria Real Estate Equities Inc., Uber will lease 422,980-rentable-square-feet of new, ground-up, class A facilities in the Mission Bay submarket.
SAN FRANCISCO—Partnership with Norges Bank Investment Management has acquired the prime office asset in South Financial, reportedly paying $350 million.
WASHINGTON, DC—The news from the Labor Department this morning was disappointing with only 146,000 jobs created in August. Economists had been expecting far more.
MIAMI—Seattle-based Nordstrom Inc. in separate announcements reports that it will open Nordstrom Rack stores of 31,000 square feet and 33,500 square feet, respectively, at The Shops at Midtown Miami and at Bowman Place in Mount Pleasant, SC.
MIAMI—“The city's current zoning code also allows for consideration of a high-return alternative—a rare chance to carve a new condominium community out of this saturated downtown core," says CBRE Hotels' senior vice president Christian Charre.
ATLANTA—Three lease deals totaling more than 77,000 square feet have pushed the office leased rate at the One Ninety One Peachtree Tower building here to 92%.
MIAMI—“The properties in the portfolio combine to be the largest auto salvage business in Miami-Dade County,” says Marcus & Millichap's Alex Zylberglait.