MARCUS & MILLICHAP ARRANGES THE SALE OF A 7,245-SQUARE FOOT NET-LEASED PROPERTY

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of AutoZone Ground Lease, a 7,245-square foot net-leased property located in Tucson, AZ, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix office. The asset sold for $1,408,261. Jamie…

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NATIONWIDE REALTY INVESTORS ANNOUNCES TWO 60,000-SQUARE-FOOT SPEC BUILDINGS AT RIVULON

Columbus-based Nationwide Realty Investors announced today that construction commenced on two new 60,000-square-foot, four-story speculative buildings at its 250-acre mixed-use Rivulon community in Gilbert, Arizona. Nationwide Realty Investors President and COO Brian J. Ellis made the announcement. The groundbreakings mark the beginning of the next phase of the expansive master-planned, mixed-use campus located at the…

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CONSTRUCTION EMPLOYMENT INCREASES IN 43 STATES IN LAST 12 MONTHS; FIVE STATES HIT RECORD HIGHS AS SOLID DEMAND, MILD WINTER BOOST TOTALS

Forty-three states added construction jobs between February 2016 and February 2017 while 39 states added construction jobs between January and February, according to an analysis by the Associated General Contractors of America of Labor Department data released today. Association officials noted that the despite the relatively widespread increase in construction employment, most states are still…

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Walker & Dunlop’s Team of Harrington and Steffen Close Over $500 Million in Financing During 2016

Bethesda, Maryland – March 23, 2017 – Walker & Dunlop, Inc. (NYSE: WD) announced today that its Phoenix, Arizona-based team comprised of Brandon Harrington, managing director, and Matt Steffen, senior vice president, closed or rate-locked 48 loans totaling over $500 million in 2016. Harrington and Steffen are one of the elite commercial real estate finance…

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Houston-based firm named nation’s safest construction in 2016

W.S. Bellows Construction Corp. of Houston, Texas was named the nation’s safest construction company in 2016 by the Associated General Contractors of America. The association, which oversees the Willis Towers Watson Construction Safety Excellence Awards, an annual ranking of construction safety programs, noted that 51 other companies were selected as winners for the quality of…

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Daum Phoenix Promotes Top Brokers

Daum Commercial Real Estate Services of Phoenix has promoted top brokers Chris Rogers and Trevor McKendry to vice president and associate vice president, respectively. Rogers and McKendry, both highly accomplished industrial investment professionals, had an outstanding year in 2016, assisting in the transaction of a $7 million, 22-acre industrial land purchase and a $3.57 million…

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NAI Horizon hires Michael Gaida to bolster business brokerage efforts

NAI Horizon is pleased to announce that Michael Gaida has joined the company as an Associate to help grow and maintain business brokerage initiatives. His primary areas of responsibility will be business brokerage and retail and industrial leasing and brokerage. Past businesses sold have been in the industrial, manufacturing, commercial development, restaurant, and services industries.…

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