Odessa Realty Investments

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    The property consists of an eight-story office building and a six-level parking structure. The sale was involved in a 1031 tax deferred exchange. NGKF Capital Markets represented both the seller and the buyer in the transaction.

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    As widely expected, the Federal Open Market Committee maintained the target federal funds rate at 1 percent to 1.25 percent. The committee noted the likelihood of gradual rate increases down the line.

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  • Economy Watch Weekly: Unemployment Rate Hits 20-Year Low

    The U.S. economy experienced below-average job growth in May, adding only 138,000 jobs compared to the average of 181,000, according to the U.S. Census Bureau. However, the unemployment rate reached a new low of 4.3 percent for the month. Economy Editor Dees Stribling has the details on the latest jobs report.

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  • Raleigh Office Building Nearing Full Occupancy

    Completed earlier this month, Wade IV is the newest addition to the four-building, mixed-use campus dubbed the Offices at Wade.

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  • MCA Realty Completes Sale of 88 KSF Retail Project

    The company has sold the final building in the Brookhollow Freeway Showroom Center in Santa Ana, Calif., a 13,072 square-foot retail showroom currently occupied by Wine Exchange.

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