Richard Baker

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  • Chicago PNC Bank Changes Hands for $4 Million

    The buyer, a Canadian investment group, paid almost full price for the 7,500-square foot asset located in North Side Chicago. Marcus & Millichap negotiated the transaction on behalf of both parties involved.

    24 July 2017 19:01
  • Strategic Partners to Develop $60M Industrial Park

    The investment group closed on one of the largest remaining parcels of land in the Research Triangle Park, where it intends to build the 96-acre Patriot Park.

    07 August 2017 15:25
  • San Jose Office Building Trades for $50M

    Menlo Equities sold a 180,000-square-foot building in Milpitas, Calif., to Nazareth Enterprises. At the time of sale, the asset was fully leased to Johnson & Johnson Vision.

    09 August 2017 08:30
  • Cushman & Wakefield Expands ATL Lease for SunTrust Bank

    The tenant renewed its 48,871-square-foot lease and added another 8,486 square feet of office space at its location in the Central Perimeter submarket.

    22 September 2017 21:45
  • IMH Lands Historic Sonoma Hotel

    The Scottsdale-based group purchased MacArthur Place, a 64-key hotel in California. The new owner intends to upgrade and rebrand the hotel as L’Auberge de Sonoma.

    06 October 2017 13:36
  • Strong Fundamentals Fuel Heavy Development in DC

    Young professionals, drawn by the metro’s well-paying jobs, are pushing up demand for upscale communities in transit-oriented and live-work-play areas. However, a robust construction pipeline—the third largest in the country—is maintaining a modest rent increase, raising concerns of overbuilding.

    27 September 2017 13:24
  • Houston Office Tower Lands $164M Refi

    JLL’s Tom Melody and John Ream procured the mortgage on behalf of the joint venture ownership, while Goldman Sachs provided the financing.

    23 June 2017 09:12
  • Development

    Change in U.S. commercial real estate under construction

    30 September 2017 17:52
  • Economy Watch: Recent Hurricanes Impact Hospitality Industry

    Most major hotel markets in Florida saw dramatic performance declines in the days leading up to Hurricane Irma, according to STR's preliminary analysis. Hurricane Harvey's impact on Houston's hotel markets is a little less clear.

    19 September 2017 13:37
  • Marriott Sells Hawaii Resort for $317M

    The Westin Maui along Ka'anapali Beach comprises the recently renovated 553-key Ocean Tower, as well as the 206-key Beach Tower, which will get its own makeover under the new ownership of Trinity Investments and Oaktree Capital Management.

    05 April 2017 10:38