Globest Sectors

Northmarq SVP Ryan Whitaker with the firm’s Jacksonville office arranged the financing transaction for the borrower through its relationship with FHA/HUD. The permanent 223 (f) loan has a 35-year term and a 35-year amortization schedule.

"We are excited to announce our second QOZ fund, also specifically investing in MHCs located within Opportunity Zones. Our second QOF (Qualified Opportunity Fund) is a $15-million equity raise and is about 70% subscribed,” Hales says.

Concord Pacific, an urban residential developer, purchased the site at Minor Avenue and Stewart Street following its first foray, Seattle House, a mixed-use project adjacent to Amazon’s Spheres at 6th and Bell.

The firm brokers the $71 million sale of an independent living facility and a rare garden-style apartment property.

New York-based Innovatus Capital Partners buys the class-A office property in Mesa, Arizona.

The rationales for owning retail properties have been capsized in the rising tide of red ink and markets need less of it and rents need to recalibrate down. So how will it all shake out?

A Jack-in-the-Box in Mission Viejo trades hands for $1,374 per square foot, the highest price in Southern California in the last 12 months.

While the big box sector is struggling, service- and entertainment-driven retail is experiencing roaring success.