Tag Archive: Hilliard

How about a grilled cheese and tomato soup?

tom & chee

Central Ohio newcomer Tom & Chee with what’s being called “the ultimate grilled cheese experience” is planning up to ten fast casual type restaurants in Central Ohio with two opening this year. Tom & Chee has received national attention for primarily one specialty: the grilled cheese donut. It’s cheddar cheese melted between a glazed donut….

Columbus Ohio – Rust Belt Becomes Recovery Belt

Steve Steinour who coined the term ‘recovery belt’ after arriving in Columbus five years ago to head up then struggling Huntington Bancshares.  I think he’s been thoroughly impressed with the breadth and depth of not only Columbus and Central Ohio’s recovery , but Ohio as a whole. “We had our challenges, to be sure –…

Introduction to Retail Lease Terminology

I’ve had a number of calls lately from small multiunit residential owners wanting to 1031 exchange out of their property into Columbus or Los Angeles commercial property for sale.  The interest has primarily been in national credit, single tenant, triple net retail leased properties here in Columbus or Santa Monica / Los Angeles. My Columbus…

Triple Net Retail Commercial Real Estate Market Update

Existing triple net retail commercial property has experienced quite a resurgence over the last couple of years for several reasons. First, new construction of triple net retail commercial property for sale and lease has remained at generational lows forcing rents up on existing inventory.   True, that retail real estate for sale are at prices that…

Columbus and Central Ohio Residential Sales for August 2013

Not only is Columbus commercial real estate for sale doing well, Columbus and Central Ohio residential just had an all time record month for an August and a record year to date. Homes sold as of end of August were up 22.9% as compared to year to date in 2012.  Plus, August 2013 sales of…

Pricing Bubble Returns Again to Commercial Real Estate

In DLA Piper’s annual survey of the commercial real estate industry, 85 percent of senior executives at commercial real estate brokerages, REITs, etc., hold a bullish outlook for the remainder of 2013.  56 percent see a combination of low interest rates and a abundant debt and equity capital as a primary reason for their optimism. …

Columbus and Central Ohio Home Sales – April 2013

Home sales hit a record high last month with 2,390 closing versus the previous high of 2,286 in April 2004.  This is a 30 percent increase from April last year. Year to date, prices are up 1.5 percent from last year with April at $163,084 up from $149,477 in January. ”Even with more homes being…

Columbus Ohio Ranked Second by Gallup for Job Creation Last Year

Of the top 200 U.S. markets, Columbus ranked second with a score of 30, only behind Houston (33) and followed by Orlando (29), Charlotte (28) and Salt Lake City (28). The job creation score was created based on a survey of local employees with a question of whether their employer was adding or cutting jobs. …

Columbus and Central Ohio Residential Sales Report – March 2013

The Columbus and Central Ohio MSA new and resale homes report show that the market remains strong and is getting stronger. Homes sales for the quarter were up 17.6 percent over first quarter last year and pending sales are up 19.3 percent. Median price at $135,000 for March was up 4.9 percent over the $128,650…

Columbus and Central Ohio September 2012 Homes Sales Report

Prices are still trending upward.  Homes prices in the Columbus and Central Ohio area are up from same month last year with an average price of $169,413.  That’s up 8.1 percent over September 2011. 1,859 homes in Columbus and Central Ohio sold during September 2012, which is 2.5 percent increase over August 2012.  Year to…

Columbus and Central Ohio Multifamily Update – Vacancy Rate Falling

Reis Reports announced that the 126,022 unit Columbus / Central Ohio multifamily market vacancy rate had fallen to 6.1 percent by the end of the second quarter 2012, which is the latest quarter we have numbers for.  That’s down 30 basis points over the prior quarter and down a whopping 190 points from second quarter…

Net Leased Retail Become Hotter Due to Low Yields on Alternative Investments

Single tenant, net leased retail has continued to gain strength as an asset class.  With an economy barely growing, one could wonder why is triple net and absolute net retail as strong as it is?  Given what else is available as a safe investment, it’s no wonder net leased retail is doing well.  Ten year government…

Columbus and Central Ohio August 2012 Homes Sales Report

The news is good again.  Homes prices in Columbus and Central Ohio are up from same month last year  with a average price of $178,766, which is up 6.4% over the same month last year. 2,326 Central Ohio homes sold during August 2012, which is an 12.3% increase over August 2011.  Year to date home…

Columbus and Central Ohio July 2012 Residential Homes Sales Report

Great news:  homes prices in Columbus and Central Ohio hit their highest in five years with a average price of $186,781, which is a whopping 10.3% higher than July 2011.  The higher priced areas saw the biggest gains, which is even better news in my opinion. 2,096 Columbus and central Ohio homes sold during July…

Commercial Real Estate Pricing Recovery Continues

Walmart Market Center

I’m not saying that we’re quite back to pre crash levels of pricing but we’re getting there.  Given the general malaise in the American economy with job growth, GDP growth and most other indicators, it’s surprising that the commercial real estate recovery has been as strong and broad based as it has. It didn’t start…

Columbus and Central Ohio May 2012 Residential Homes Sales Report

May 2012 Columbus ohio home sales

Residential home sales are gaining strength in Columbus and Central Ohio according to the Columbus Board of Realtors.  May 2012 homes sales were up for the fifth consecutive month to 2,070, up 5% from the 1,971 sales in May 2011.  Year to date is 7,966 up 6% from 74,51 in the same time period last…

Columbus and Central Ohio April 2012 Home Sales Strong

Columbus single family residential

Columbus Board of Realtors reported April home sales numbers today and its looking good.  Unsold inventory is down and has been falling for the past 18 months, units sold are up and prices are up sharply.   Unsold inventory is down 30.7% from this time last year. The number of new listings are down 4.2 year…

More Triple Net Retail Properties Going on Market in Second Half

Walmart

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 we expect other REITs to do the same across the country as an expected surge in new retail properties are expected to hit the…

Columbus and Central Ohio March 2012 Residential Homes Sales Report

IMG_1194

A strengthening residential market seems to be the rule around central Ohio over the last year and its getting stronger.  First quarter 2012 homes sales for Central Ohio were up 7.1 percent over first quarter 2011 with 4,045 this year versus 3.776 last year. The average price for March 2012 was $153,557, which is up…

Commercial Real Estate lending heating up.

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 and construction financing.  It must be noted though that this is one area that brought down more banks during the downturn than any other.  The…