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  • Fed Officials Disagree on Need for Rate Cuts
    It wasn’t quite a joining of hands and singing “Kumbaya” at last month’s meeting of the Federal Open Market Committee. The Federal Reserve panel that sets the country’s monetary policy was divided on the question of how much the federal fun…
    - 3 days ago 11 Oct 19, 7:29am -
  • Newly-Enacted Rent Cap Not Expected to Tarnish Golden State’s Apartment Sector
    By Dennis Kaiser Rent control took center stage this week in California, with the passing of AB 1482. With that monumental action serving as a backdrop, Marcus & Millichap convened a panel of experts for a Webinar designed to deliver an update on the…
    - 3 days ago 11 Oct 19, 7:06am -
  • Roxborough, Ruth Partnership Divests LAX Office Tower for $45M
    An affiliate of San Francisco-based real estate investment firm The Roxborough Group, LLC, in partnership with Los Angeles-based The Ruth Group, LLC, completed the sale of 5901 W Century Blvd. in Los Angeles. The buyer of the 306,243-square-foot LAX…
    - 3 days ago 11 Oct 19, 7:05am -
  • Funding Through CrowdStreet Advances Loop Adaptive Reuse
    Some 200 investors provided a total of $9.5 million toward the $136-million cost of acquiring and redeveloping 226 W. Jackson, a Loop office property across from Willis Tower. Locally-based Phoenix Development Partners did the crowdfunding through th…
    - 3 days ago 11 Oct 19, 7:05am -
  • SRS, Hanley Team Up on Record Raising Cane’s Deal in Anaheim
    SRS Real Estate Partners and Hanley Investment Group completed the sale of a new-construction, single-tenant Raising Cane’s Chicken Fingers quick-service restaurant with a drive-thru located in Anaheim, CA. The $5-million sale price for the absolut…
    - 3 days ago 11 Oct 19, 7:04am -
  • Lee NYC Brings Orangetheory to Rockaway Beach
    Lee & Associates NYC’s Jaime Schultz and Jeffrey Lopez negotiated a ground-floor, 3,200-square-foot lease at 133 Beach 116th St. in Queens’ Rockaway Beach for Orangetheory Fitness. Reportedly the first major boutique fitness studio to come to…
    - 3 days ago 11 Oct 19, 7:04am -
  • Tenant Rep Specialist Mike Sample Joins JLL in San Francisco from NKF
    JLL expanded its Bay Area team with the addition of Mike Sample, who joined the firm as Executive Vice President. He will be based in the firm’s San Francisco office, and most recently served at NKF. JLL’s Chris Roeder says, “Mike is a consumma…
    - 3 days ago 11 Oct 19, 7:03am -
  • Factory-Turned-Office Goes for $85M in Central NJ
    CBRE closed on the $84.7-million sale of American Metro Center (AMC), an adaptive-reuse office property in the Central New Jersey suburb of Hamilton. A team of Jeffrey Dunne, Jeremy Neuer, Steve Bardsley, David Gavin, Gene Pride, Travis Langer and Za…
    - 3 days ago 11 Oct 19, 7:03am -
  • JLL Closes on Sale, Fannie Mae Financing
    JLL closed the $25.7-million sale and $20.56-million financing of Central Park and Governor’s House Apartments, totaling 316 units and located in the south suburban communities of Park Forest and University Park, respectively. The firm’s David Ga…
    - 3 days ago 11 Oct 19, 7:03am -
  • UWS, Chelsea Affordable Developments Land $119M Financing
    JLL arranged financing totaling $119 million on behalf of Atlantic Development Group for 33 West End Apartments and Port 10 Apartments, two mixed-income, high-rise residential properties on Manhattan’s Upper West Side and in Chelsea, respectively.…
    - 3 days ago 11 Oct 19, 7:03am -
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