Columbus

Well, regarding the commercial real estate side of this business: we were clipping along pretty well and then month after month of anemic job growth numbers, downward revisions to GDP for the [...]

Sales for July were 1,865 homes, which was a 23.3% increase over July 2010 and the number scheduled to close was up almost 50% from July 2010.  Median price was $141,359 and that is up 5.9% from [...]

This one is for the locals.  Westerville, Ohio I mean.  The Walmart, after about five years of fighting about it, is going to happen.  That corner looks like crap so thankfully someone stuck with [...]

Investors showed a sharpened appetite for commercial property, pushing prices up in the second quarter.  I realize that the second quarter, the end of June, sounds so long ago given what’s [...]

It has been claimed for as long as I can remember that Columbus has the best access to the American market.  Three Scale Research tested this claim and found it to be true.  They used the 2010 [...]

Only in Columbus – a bar bike.  Burn your buzz while you’re getting another one.  American ingenuity at its finest and oh so appropriate for Columbus.  It would be some real excitement and [...]

At 57,000 square feet, this is no starter home, but is the largest private home in Central Ohio, just east of Columbus, reports the Columbus Dispatch and is available for a paltry $15,000,000.  [...]

The free market performs its magic as values increase and cap rates fall in the hot coastal markets so buyers’ interest is moving inland to markets with job growth and population growth.  We’re [...]

Employment growth and rising demand coupled with an empty pipeline of new product coming online means rent growth by the end of 2011.  Construction financing is becoming available, but lender [...]

One of the primarily keys to a robust commercial real estate market, beside lenders willing to lend, is job growth.  Everything being equal, a robust employment market will equal a thriving [...]

Office transaction volume for 1st quarter 2011 is double last year at a preliminary $12 billion and as more closed transactions are verified it might approach $15 billion for the quarter.   Of [...]

And now, back to the news:   NAR reports that the commercial real estate market is recovering far faster than many of us thought it would.  I’ve sure seen antidotal evidence of this.   I have [...]

 Just a reminder for my Columbus, Ohio / Central Ohio / Franklin County readers – your property tax valuation appeals must be filed by today, March 31.  If filing in person it must be done [...]

CMBS activity is way up with $6.5 billion in new securitization coming to the market in the last few weeks.  The activity to date in February is 2/3rds of the total CMBS deals offered for all of [...]

The last leaves have fallen and winter is close at hand so I thought I would brighten today with the colors of a wonderful time of year – Autumn. All of the Pics were taken in and around [...]

This is a bit interesting.  The follwing chart show where the following cities are growing versus their suburbs.  My home town of Columbus has always been known for balanced growth and it appears [...]

Since I’m originally from Westerville Ohio and many of my California clients own property in Columbus, I’ve been watching the opportunity in Jerome Township, NW of Dublin unfold for [...]

Another topic of concern that has passed the house and awaiting a vote in the senate.  Given the majority in the senate, it will also likely pass there too. Real Estate Groups Warn That Carried [...]

This is a huge topic right now and full of risk.  Strategy of Last Resort: To Default or Not To Default? – CoStar Group I have an owner right now who is exploring those options.   The [...]

Although not directly related to real estate, this piece from the LA Times, Sunday business section, is still of interest and relevant.  Plus, it is predicted to have quite an impact on future [...]