Property Type

Fairfield Inn & Suites by Marriott West Monroe

Hotel Equities to Manage Hotel Under Construction in Louisiana

by John Nelson April 21, 2015

WEST MONROE, LA. — Atlanta-based Hotel Equities has been selected to manage the Fairfield Inn & Suites by Marriott under construction in West Monroe. The hotel is slated to break ground this summer and open in the third quarter of 2016. The hotel will be located near the University of Louisiana-Monroe and the Ike Hamilton Expo Center. The ownership group for the new hotel includes Jon Patel and Kevin Patel of Monroe, La., and Nimesh Zaver of Lake Charles, La. The group has 26 Louisiana hotels in its portfolio.

April 21, 2015

Florida Hospitality Loans Southeast

Dockerty Romer & Co. Arranges $3.5M Loan for Holiday Inn Express

by John Nelson April 21, 2015

LANTANA, FLA. — Dockerty Romer & Co. has arranged $3.5 million in permanent mortgage financing for a 62-room Holiday Inn Express. The hotel is located on Hypoluxo Road in Lantana, a town in Palm Beach County. Michael McCleary of Delray Beach, Fla.-based Dockerty Romer arranged the 10-year loan with a fixed interest rate at 4.25 percent. McCleary arranged the loan through a South Florida-based bank on behalf of the borrower, Wahe Guru Group LLC.

April 21, 2015

Arizona Mixed-Use Western

Verrado Main Street Near Phoenix Sells for $13M

by Nellie Day April 21, 2015

PHOENIX – Verrado Main Street, a 66,085-square-foot, mixed-use property in the Phoenix submarket of Buckeye, has sold to HCCJ Family GP LLC for $13 million. The retail and office property contains two Class A office buildings, in addition to a retail component that features Bashas’ Grocery, CVS Pharmacy and a mix of smaller tenants. The sale also included two parcels of 6.8 acres that are zoned for future commercial and mixed-use development. The office space is fully leased. The retail space was more than 94 percent leased at the time of sale. The seller, DMB, was represented by CBRE’s Barry Gabel and Chris Marchildon.

April 21, 2015

California Office Retail

U.S. Government Renews Office Space in Brentwood

by Nellie Day April 21, 2015

LOS ANGELES – The Government of the United States (GSA) has renewed its lease for 21,961 square feet of office space in the Los Angeles submarket of Brentwood. The GSA leases the entire fourth floor of a Class A building at 12121 Wilshire Blvd. The space is situated on the northwest corner of Wilshire Boulevard and Bundy Drive. The GSA has occupied the building for 10 years. It has now signed on for an additional 10 years. The landlord, Douglas Emmett, was represented by Mitchell Stokes and Bob Safai of Madison Partners.

April 21, 2015

California Retail Western

VeganBurg to Open First U.S. Restaurant in San Francisco

by Nellie Day April 21, 2015

SAN FRANCISCO – Singapore-based specialty restaurant VeganBurg has announced plans to open its first U.S. restaurant in San Francisco. The plant-based burger restaurant will open at 1466 Haight Street this summer. The space was previously vacated by All You Knead. The company is evaluating plans for future sites across the country. VeganBurg was represented by John Polyzoides and Andrew Lindsey of SRS Real Estate Partners.

April 21, 2015

California Industrial Western

Wohl Buys Airport Wineville Business Park in Ontario

by Nellie Day April 21, 2015

ONTARIO, CALIF. – Wohl Investment Company has acquired Airport Wineville Business Park, a 53,937-square-foot, mixed use industrial center in Ontario, for $4.5 million. The four-building park is located at 5140 E. Airport Drive and 151,181 and 201 S. Wineville Ave. Wohl was represented by Patrick Barnes of Colliers International. The seller was McLellan Estate Co.

April 21, 2015

California Industrial Western

Sator Sports Expands Industrial Footprint in Gardena

by Nellie Day April 21, 2015

GARDENA, CALIF. – Sator Sports has acquired a 19,650-square-foot industrial building in Gardena for $2.4 million. The building is located at 1455 W. 139th Street. The soccer equipment company will be relocating its headquarters from nearby 1536 228th Street. It should occupy its new space by mid-April. The new building will allow the company to expand. Sator Sports was represented by Matt Stringfellow and Courtney Bell of the Klabin Company/CORFAC International. The seller Major Fulfillment Inc., was represented by David Denitz of Gateway Business Properties.

April 21, 2015

Industrial Midwest Wisconsin

M&M Arranges $33M Sale of Two Industrial Buildings in Franklin, Wis.

by Danielle Everson April 20, 2015

FRANKLIN, WIS. — Marcus & Millichap has arranged the $33 million sale of two industrial buildings totaling 418,000 square feet in Franklin, approximately 20 miles south of Milwaukee. The properties are 1 and 2 World Packaging Circle, located within the 425-acre Franklin Business Park with frontage on South Oakwood Park Drive and Ryan Road. The property has access to I-94, I-894, U.S. Highway 41, U.S. Highway 45 and State Trunk Highway 36. The two facilities were built of precast tilt-up concrete on 37.6 acres in 2006. Features at the properties include 30-foot to 40-foot ceiling heights, enclosed docks, two 75-ton cranes, two 10-ton cranes and heated underground parking. Thomas Kopatich of Marcus & Millichap’s Milwaukee office represented the seller, a local business person, and the buyer, a private equity fund.

April 20, 2015

Michigan Midwest Retail

Founder of Taubman Centers Passes Away

by Danielle Everson April 20, 2015

BLOOMFIELD HILLS, MICH. — A. Alfred Taubman, the founder of Taubman Centers Inc., has died at the age of 91. Robert S. Taubman, president and CEO of Taubman Centers, shared in an email message to Taubman employees on Saturday, April 18, that his father passed away of a heart attack at his home in Bloomfield Hills. Recognized as a pioneer in America’s retailing and shopping center industries, Alfred Taubman founded Taubman Centers, a real estate developer and operator of upscale regional malls, 65 years ago. Taubman, a life-long resident of the Detroit area, was active in numerous businesses, philanthropic and civic initiatives.

April 20, 2015

Industrial Texas

M&M Arranges Sale of 88,011 SF Self-Storage Facility in Metro Houston

by Haisten Willis April 20, 2015

PASADENA, TEXAS — Marcus & Millichap has arranged the sale of Morningstar of Pasadena, an 88,011-squrae-foot self-storage facility located in Pasadena. Chico LeClaire and Dave Knobler of Marcus & Millichap’s Houston office marketed the property on behalf of the seller, a limited liability company. Knobler and LeClaire also secured and represented the buyer, a limited liability company. Morningstar of Pasadena is located at 6321 Spencer Highway in Pasadena.

April 20, 2015

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