Alexandra Both
Discount Self Storage Lands New Owner
The 578-unit facility in Shreveport, La., was acquired by a Salt Lake City-based buyer. The property offers climate-controlled and traditional storage space.
Avison Young Adds VP to Its DC Team
Georgiana Condoiu has been working in commercial real estate for a decade and in her new role she will contribute to the expansion of Avison’s capital markets platform across the country.
Climate-Controlled Self-Storage Hits Superior
U-Haul plans to transform a vacant building in Superior, Wis., into a 737-unit self-storage facility. Spaces will be available for rent in late fall.
Amenity-Rich Self-Storage Facility Lands New Owner
Marcus & Millichap brokered the sale of the 71,000-square-foot property in Winston-Salem, N.C. The asset was built in 2014 and has been operating since 2015.
Madison Realty Capital Sells Richmond Plaza
The 155,781-square-foot retail center in Richmond, Mich., sold to Statewide Richmond LLC in an off-market transaction. The property has nearly 39,000 square feet available for lease.
Phoenix Self Storage Lands New Owner
The 128,240-square-foot facility offers value-add opportunities, adjacent to a thoroughfare that is part of Phoenix’s $84 million Avenida Rio Salado street improvement project.
Out-of-Favor Assets Offer Higher Yields
Retail and non-CBD office are among the properties offering opportunity for better returns to investors willing to expand their strategies. You just need to know how to unearth their full potential, notes Resource Income and Opportunity REIT Senior Vice President Martin Caverly.
Detroit: Far From Singing the Blues
After years of little multifamily supply, development is beginning to pick up, with more than 4,000 units under construction. Rents increased 4.2 percent year-over-year as of April, Yardi Matrix data shows.
Iron Gate Self-Storage Portfolio Changed Hands
The sale of the 1,466-unit portfolio was the largest self-storage transaction in Elkhart County, Ind. The six facilities have recently undergone improvements worth $1.1 million.
Retail Development: Ease of Access Critical to Success
In an increasingly competitive lending environment, retail developers need to pursue projects in high-quality, accessible locations that will attract top tenants in order to secure financing, notes The Comras Co. President & CEO Michael Comras.