Commercial

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 [...]

The first half of 2011 saw strong leasing and buy activity, but after the debt limit negotiations last summer, the 2nd half was gripped by uncertainty and near certainty of a double dip.  Fears [...]

Commercial real estate lenders are expecting to build on a very good 2011 with a stronger 2012.  Barring international shocks such as a war with Iran or disruption in oil supplies, 2012 should [...]

Randyl Drummer from CoStar news writes, and I agree, that retail rents will begin to rise this year. It’s not so much a huge increase in demand as much as there is virtually no increase in [...]

For the first time in five years, a majority of banks are considering growing their loan portfolio due to improving conditions in just about all sectors of the economy. There’s neither an [...]

It’s back!  Business is cranking again and the phone is ringing.  CoStar news reports that the dollar volume of commercial real estate transactions are back up to historical long term average and [...]

The unseasonably warm January weather has helped keep many of the new Columbus Ohio commercial real estate downtown projects on or ahead of schedule. Walker Evans from Columbus Underground brings [...]

Positive net absorption has continued for the last eight consecutive quarters.  The first half of the year was strong then third quarter weakened due to the uncertainly caused by the U.S. debt [...]

This came up twice this morning while talking with clients so I thought maybe I should try to bring a little clarity to this again since it’s about 50 posts back. Under IRS Section 1031, cash or [...]

CoStar’s monthly National Composite Index of Commercial Real Estate increased for the seventh consecutive month in November 2011.  I know its January 19, 2012, but it takes them around 45 days to [...]

America’s largest retail trade organization forecasts a healthy 3.4% growth for 2012.  That’s below the 4.7% of 2011, but the rate of growth for 2012 is sustainable at least until the next bust [...]

I think 2012 will be a considerably better year for commercial real estate and an improved year for single family residential. I’m working with out of state retail buyers looking for out of [...]

Even the the office market is picking up around Columbus and Central Ohio with a positive absorption of 303,207 square feet for the fourth quarter of 2011.  Major tenants leasing space last year [...]

According to Randyl Drummer at CoStar News, non residential commercial construction posted a 4.5% gain in November over same month last year.  All segments showed solid gains. Residential [...]

Owners and potential sellers – we have a need for single tenant, triple net NNN leased or better yet, absolute net, long corporate leased retail.  We have 1031 exchange uplegs and we need [...]

According to Roger Vincent with the LA Times.  “As 2011 came to a close, some commercial real estate experts found promising signs in often troubled markets.” I agree, but that’s quite an [...]

International Retailer seeks Central Ohio franchisee for entire Columbus MSA.  They are not interested in individual store franchisees, but a franchisee for entire market on an exclusive basis.  [...]

Since this should be much stronger year for retail I thought this would be of interest to a few folks considering a franchise.  There were 13,725 new units added and a 16 percent growth over 2010 [...]

The Ohio EPA has agreed not to impede the redevopment of the 6 ½ acre second site of the plan at Kingsdale Shopping Center at 1760 – 1800 Zollinger Road in Upper Arlington.  The site is the home [...]

As Columbus begins celebration of its bicentennial year in 2012, many major projects are complete or in progress.  Completed includes two new major downtown parks, Columbus Commons and Scioto [...]