Developers Of North Gate Centre Offer $19 million for new I-71 interchange

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!As many already know, there are two huge commercial real estate projects in the planning stages for the I-71 and Route 36/37 areas. First, is North Gate Centre, a collaboration between developers Pat Shivley and James Klingbeil, which would flank…

West Los Angeles, Santa Monica, Marina Del Rey, Venice or Culver City Commercial Real Estate – Orthodontic Medical Office for Lease Needed

I’m a Santa Monica commercial realtor and have a orthodontic client need for 1,100 to 1,800 square feet of gross or net leased retail or office space for orthodontic medical office use in Santa Monica, the village in Pacific Palisades, South Main Street, Malibu, Venice, Marina Del Rey or west Culver City in the 90066…

9900 Wilshire Richard Meier Condos on Again for Beverly Hills

beverly hills west los angeles condos and net leased retail

China’s biggest commercial developer, Wanda Group, purchased the site of the old Beverly Hills retailer, Robinson May Co. for $420 million for the eight acres. Since the retail site has traded a number of times since 2007, who would have thought that Richard Meier’s original plans for the space would survive through all of this?…

Downtown Los Angeles – 20 Percent of all New LA Housing

I find this a little hard to believe, but according to Curbed LA, downtown LA with 1 percent of the land area has had 20 percent of the new housing since passage of the Adaptive Reuse Ordinance in 1999. The Adaptive Reuse Ordinance is largely responsible for the huge downtown gentrification we’ve seen over the…

Mixed Use Development Proposal for Clintonville Olympic Swim Club Site

multifamily apartments, net leased retail

No, it’s not a proposal for Columbus to host the 20xx Olympics, but it is a large 152 unit mixed use development with ground floor mixed use retail and possibly office with three floors of multiunit residential on top in Clintonville to be named the Olympic.  And finally something a little different in architecture for…

Woodward Dream Cruise – 2014

I’ll get back to blogging about commercial real estate shortly, but I have another video first.  This time it’s the wonderful Detroit Woodward Dream Cruise. We got lucky again and had wonderful weather with cool temps and only a few sprinkles Saturday night,  What a wonderful gift for the 20th annual cruise.

Proposed Ohio General Hospital at Polaris

According to Carrie Ghose with Columbus Business First, Adeptus Health of Dallas Texas is expanding into Central Ohio with a proposed three story 24 bed (expandable to 48) on a 5 .5 acre parcel.  The parcel at the corner of I-71 and Gemini Place in the Polaris Fashion Mall area  is currently owned by McGraw…

American Cancer Society Car Show – Quaker Steak and Lube – Polaris Columbus

This short video is from the American Cancer Society fund raiser Saturday, August 9, 2014 at the Polaris Columbus Quaker Steak and lube

Polaris Area Restaurants Booming

There’s lots new cooking up around Polaris between new openings and under construction projects of polished casual and fast casual restaurants. Latest two to have opened are the Roosters at 1041 Gemini Place and  Matt the Miller’s Tavern at 1436 Gemini Place.   The polished casual bar and grill is not at now at four locations,…

A Break From Talking Commercial Real East in Almost Every Post

I’m a little tardy regarding getting some vids together on a few big car events we had here in the Midwest.  I thought I’d better post these now because there several more events coming with the Pontiac Nationals this weekend and then Woodward Dream Cruise in two weeks. So instead of droning on about triple…

California Franchise Tax Board Denies 1031 Exchange

The California FTB (Franchise Tax Board) has gotten more aggressive challenging 1031 exchanges. A practice that has been and is commonplace has just caused a taxpayer to have his exchange disallowed.  It used to be that a partial distribution of funds held by the QI (qualified intermediary) was considered boot with resultant capital gains taxes due…

1200 Fig With 648 High End Condos Reveal Today

los angeles net leased retail

648 condos in the twin 35 story towers will sit above eight stories of retail, parking and electronic signage in place of the two huge surface parking lots that face Staples Center now. The condos will range in size from 750 square feet to over 4,000.  A hotel may also be part of the project…

Columbus – Byers Chevrolet Retail Property Sold to NRI

The announcement came yesterday that Nationwide Realty bought the eight acre Byers Chevrolet property on W Broad Street, just west of Downtown Columbus on the Scioto Peninsula . Byers plans to be open in Grove City by November 15th according to Byers VP, George Kauffman.  Byers Automotive employs around 120 employees. Redevelopment plans have not been…

Retail and Restaurant Tenant Credit Ratings

This one is for my triple net retail investors. Net leased retail buyers desiring leverage know that national credit retailers’ credit ratings with S&P and Moody’s are hugely important for getting a loan at decent rates and terms or even getting the loan at all. Investment grade credit is S&P BBB or above. Once in…

Dublin, Ohio Arthritis Foundation Charity Car Show

For the 32nd annual show there was a record turnout last weekend with around 1,400 cars present, including me of course.   The perfect weather with no rain and moderate temperatures surely helped. As I’ve written about here many times, Dublin, Ohio has some big plans ahead for the revitalization of Dublin Granville Road from Sawmill…

Columbus North – Route 23 and I-270 Interchange

Anyone who spends much time around north Columbus and especially eastbound motorists on I-270 approaching the Worthington, High Street  / Route 23 Interchange has long known that there’s a serious problem. This is the third busiest interchange in Central Ohio and probably the state, with a vehicle count of over  173,000 traveling through it daily. …

Ohio State University South Campus Gateway Expansion.

columbus commercial real estate for sale and lease

Ohio State University plans to start the rezoning process for the Campus Partners for Community Urban Redevelopment properties on 7 acres immediately south of the existing South Campus Gateway.  This will be mixed use including ground floor retail with office space and residential above. The rezoning process will begin next month and is expected to be…

Retail parcel zoned for retail/restaurant needed in southern Delaware County, Ohio

Triple net retail leased restaurant client needs 3/4 acre up to 2 acres for fast casual restaurant use on route 23 in southern Delaware County (Columbus north) from approximately Orange Road up to Sandusky Street.   Zoning needs to already be commercial/retail.  Out parcels in front of Menard’s or Kroger’s preferred.  Build to suit opportunity, fine….

Century City’s Westfield Mall Gets $700 Million Facelift

West Los Angeles commercial real estate for lease

And what a facelift it is!  The revamped mall will feature an additional 422,000 square feet of new retail space with an additional 70 Los Angeles commercial real estate net leased, world class luxury retailers or restaurants for a total of 220 retailers and restaurateurs. There will be eight acres of outdoor space including a…

Panera Opens Dedicated Facility for Catering on Bethel Road in Northwest Columbus

Panera has repurposed their old Columbus area offices on Bethel Road into a centralized catering facility employing 40.  Based in Warren, Covelli Enterprises’  Panera Bread franchisee has been a hugely successful Columbus area net leased fast casual restaurant with 23 area locations. The Columbus area Panera catering business has grown to 10% of their revenue…