Newmark, New York, sold 250 Cambridge, a three-story Palo Alto, Calif. office building, for $39.3 million.
Tag: Newmark
Digitalization, Demographics, Deglobalization Redefine Industrial Real Estate
Digitalization, demographics and deglobalization will drive the industrial market growth in the near future, said Newmark, New York.
Life Science Outperforms Most Niche Sectors
Life science real estate capital markets activity reached a new record last year as investment volume climbed to $18.4 billion, “reflecting immense investor demand and continued liquidity in the cluster markets,” Newmark said in a Life Science Overview and Market Cluster report.
Dealmaker: Newmark Completes $14M Office Sale in Burlington, Mass.
Newmark, New York, sold 328-330 Cambridge Street in Burlington, Mass., for $14.3 million.
Dealmaker: Newmark Completes $233M Philadelphia Multifamily Sale
Newmark, New York, completed the $233 million sale of 1500 Locust, a 45-story mixed-use multifamily building in Center City Philadelphia.
Dealmaker: Harbor Group Acquires $475M North Carolina Workforce Housing Portfolio
Harbor Group International LLC, Norfolk, Va., acquired an eight-asset workforce housing portfolio in North Carolina’s Research Triangle for $475 million.
Office-to-Industrial Conversions Increase
As the industrial market soars and the office market remains soft, more developers are converting office product into industrial properties, reported Newmark, New York.
Dealmaker: Newmark Brokers $68M Waterfront Redevelopment Site Sale
Newmark, New York, sold Marina Shores, a 6.1-acre retail shopping center in Long Beach, Calif., to be repurposed for multifamily.
Dealmaker: Newmark Arranges $64M Office Sale
Newmark, New York, sold 1301 Dove, a 10-story, 215,000-square-foot office building in Newport Beach for $64 million, or $298 per square foot.
Dealmaker: Mesa West Capital Provides $77M for Florida Apartment Community
Mesa West Capital, Los Angeles, provided $77 million in first mortgage debt for Alta Congress, a 369-unit multifamily property in Delray Beach in Palm Beach County, Fla.