REAL ESTATE

NAI MLG Commercial announces three new leases

BY Michael Fickes

MilwaukeeNAI MLG Commercial has announced three recent lease transactions:

  • Chiropractic Care Center has taken 1,189 sq. ft. on Mayfair Road in Wauwatosa, Wis., from Devo Management Company LLC.
  • Kellow Corporation has leased 2,625 sq. ft. on 162nd St. in New Berlin, Wis.
  • CrossFit West Allis has signed into 2,250 sq. ft. on S. 56th St. in West Allis, Wis. IBEX I is the landlord.

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REAL ESTATE

Mixed-use planned for six acres in L.A.’s South Park

BY Michael Fickes

Los Angeles — Mack Urban Real Estate Group and AECOM Capital have acquired six acres in the Los Angeles central business district. The $80 million transaction is the largest land acquisition in the CBD since before the recession. The seller was EVOQ Properties.

The acquisition is part of a Mack Urban and AECOM plan to build a portfolio of class A, institutional quality multifamily developments in West Coast gateway cities.

South Park ranks among L.A.’s premier residential neighborhoods. The immediate neighborhood encompasses 32 square blocks of residential properties and includes retail and entertainment venues such as the Staples Center and L.A. Live.

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REAL ESTATE

Pine Tree hires VP design and construction

BY Michael Fickes

Northbrook, Ill. Pine Tree Commercial Realty has announced the appointment of Julie Zamudio as VP of design and construction. Zamudio most recently served as lead manager of the multi-site group banking and retail sectors in the Chicago office of Lend Lease Construction Inc.

There she was responsible for business development, strategic direction and overall execution, including the development and implementation of budgets, financials and reporting of the construction group retail sector.

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