The recovery is spreading west, which had been a deeply affect region of the country by the residential housing collapsed combined with the deep recession. There has been a few technology and/or energy based markets in California and Texas that have done well over the last couple of years and that strength is broadening to…
Scott Harris Scioto Commercial Realty Group Scioto Management Group 1225 Dublin Road Columbus, Ohio 43215 614-905-6614 Keller Williams Commercial Realty 2701 Ocean Park Blvd., Suite #140 Santa Monica, CA 90405 310-473-4789 Licensed in California and Ohio California Real Estate License # 01439560 Facebook | Commercial and Investment Real Estate http://www.youtube.com/user/InvestCommercialRE http://scottharris1.yourkwagent.com/ http://scottharris.yourkwagent.com/…
We analyze, list, market, and sell, single and multiple tenant retail properties all over North America using the latest high tech tools available. Retail Lease Terminology/ Recommended Clauses for Commercial Lease Agreements/ Triple Net Single Teanant Retail/ Commercial Transactions – SNDA and Tenant Estoppel Agreements/ For commercial real estate properties for sale, see my listings tab…
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 businesses and secondary markets coupled with positive absorption and little new supply coming on the market will lead to rent growth over the…
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 billion this year. I was pretty optimistic back during the second and third week of January when I was…
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 supply. The supply / demand balance is tipping in favor of the landlord. Construction financing is still a pain…
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 get the numbers out to us. Leading the price recovery again has been investment grade property. There’s nothing new there as I’ve been writing…
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 and there will be one in seven or eight years. Nothing is going to make the boom bust cycles go away. The…
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 state, single tenant, triple net leased or preferably absolute net leased with a long corporate lease, so in this manner, business is getting…
This is old news that this was coming given what the banking industry has been through over the last 3 ½ years. However, since I have several clients looking at buying bank branches with some of these folks as tenants, I thought it would be a good idea to put this out there. S&P has…
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 were Alcatel – Lucent moving into 128,541 square feet at Atrium II North Tower; JP Morgan Chase moving into 72,588 square feet…
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 property. There hasn’t been a better time to sell in years. See the attached list for the retail tenants that are of…
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 Mile, plus condos, and apartments. In progress are a new Hilton for downtown, I-70 and I-71 redesign, more new apartments and condos. In progress for the…
For the first time since 2008, overall commercial real estate prices are on the increase. CoStar’s monthly National Composite Index of Commercial Real Estate increased 2.2% and that’s the first since the sharp downturn in 2008. Leading the price recovery has been investment grade property – no surprise there as I’ve written about this for…
I did a video blog update last night at about 2:30 AM to update current commercial real estate market conditions concerning apartments and retail as we get very close to year end. I’m still not happy with my vids, but I will get better at this.
I few posts ago I promised that I would go into greater detail regarding aspects of a commercial lease that the prospective buyer needs to examine carefully. Without the underlying leases the property is worth replacement costs and comps of similar vacant property. Given that the cash flow of the leases in place is what…
Seeking additional long lease, investment grade, single tenant, triple net leased, opportunities nationwide. Please contact me, Scott Harris at 310-473-4789 or 614-905-6614.
Before I discuss some of the common pitfalls to be aware of by a potential buyer when evaluating a property for purchase, I’ll review the clauses that at least should be included in a commercial lease. It’s not uncommon for a commercial lease to be 40 or even 50 pages long. Proper description and verifiable…
I get quite a few calls / emails asking for exactly the same property type backed by the same type of lease. The commercial real estate flavor du jour is a retail, single tenant, single parcel with national credit – meaning S&P BBB or the Moody’s equivalent, Baa3 or higher, long, triple net (NNN) lease. …
Continuing what I was writing about a couple days ago regarding the possible 1031 upleg chosen if a buyer in an exchange in the 45 day identification period can’t find a suitable fee simple property that meets the buyers’ other criteria such as national credit, absolute net, S&P BBB or better, etc. It’s not a…