Commercial

There are big differences on expansion plans for 2012 as we come out of this giant downturn and Obama Care goes into to full effect in 2014.  To summarize: Rite Aid hopes to return to limited [...]

Buyer need – Corporate leased triple net c-store such as 7-11 or Circle K  with 8 years or more unexpired absolute net lease for SoCal buyer. Gas or without gas is fine. Single tenant only. [...]

Many folks are aware that Starwood Capital Group agreed to acquire $1 billion in seven shopping centers from Westfield and KKR.   As Starwood is starting to acquire retail commercial real estate [...]

True, many banks are still working through their distressed property pipeline, but many have recently decided that it’s time to jump back into commercial lending, and yes,  even for development [...]

Randyl Drummer with CoStar News reports that the rebound in office type jobs is becoming strong  enough that we could see rent growth in the near future.  The growth spreading to smaller [...]

It was just announced by Mark Heschmeyer at CoStar News that Blackstone, DRA Advisors and AEW Capital invested in large industrial portfolios valued at a total of $1.5 billion.  That’s over one [...]

First quarter 2012 softened a bit as compared to fourth quarter 2011, but net absorption remained positive according to Mark Heschmeyer of CoStar news.   Plus, a mild slowdown in the rate of [...]

As many of us are aware, unless congress takes action, the top tax rate of dividends will increase from the current 15% to 43.4% next year.   That’s a top ordinary income rate of 39.5% plus the [...]

Dublin Ohio’s 800 acre core has been slated for a massive redevelopment effort along Bridge Street from Frantz Road to Sawmill Road.  Now, Dublin has a plan that will redevelop the corridor “into [...]

This is the last reminder because valuation appeals are accepted from December to March 31.  Your chances of winning are about half so it’s well worth doing, but must be done correctly and [...]

At the link is a status update on our new Hilton Hotel across from the convention center in Columbus’ Short North.  The pedestrian bridge is yet to be received and installed, but other than that [...]

As primary markets get ridiculously overpriced and the much preferred single tenant, triple net or absolute net corporate leased retail properties more and more unavailable, investor focus is [...]

The Puzzuti Company expects to break ground shortly for an 11 story hotel with office and parking garage.   The hotel will be on the east, Italian Village, side  of the street with a six story [...]

CoStar’s monthly National Composite Index of Commercial Real Estate posted gains in eight of the last nine months for January 2012.  True, it’s March 15, 2012, but it takes them around 45 days to [...]

Several new under construction, 20 year absolute net leased, single tenant, single parcel Walgreens in various areas of the country are available as of today, individually or as a portfolio. This [...]

I read an update from the 1031 exchange specialist, Steve Rosansky, regarding increased inflation in the near future and using commercial investment real estate as a hedge. We’re starting to see [...]

It’s a mix of both moderately good news and some bad news.   Starting with the bad news is that we had a major drop off in construction and development funding from $321 billion last to $240 [...]

Randyl Drummer of CoStar News wrote an interesting article on adaptive reuse, and primarily of surplus U.S. government property.  Since construction financing is still very difficult to obtain [...]

Just a reminder.  Valuation appeals are accepted from December to March 31.  Your chances of winning are about 50 – 50 so it’s well worth doing, but must be done correctly.   Lock [...]

The Utica shale gas resources are forecasted to bring an addition 65,000 at an average $50k per year to the long suffering Northeast sector of Ohio.  The area has been Ohio’s highest chronic [...]