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Realty Income Corporation has purchased a 15,000-square-foot retail property in Newport News, Virginia from McNeel Properties for $5.45 million, or about $364 per square foot.

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A private investor has purchased a fast-food restaurant leased by Wendy's in Memphis, Tennessee, for $2.7 million.

Foothill Partners Inc. has purchased a 209,000-square-foot retail building at 2450 Oddie Blvd in Sparks, Nevada from Renown Health for $8 million.

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The index, a combination of multifamily rental income, property prices and mortgage rates, rose 2.2% over the year ended in the second quarter, suggesting an increasingly favorable environment for ...

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Before the pandemic started in 2020, commercial real estate executives spoke of property market demand that followed a fairly discernible cycle.