Author Archives: Scott

Commercial real estate with a focus on out-of-state investment property for my Southern California investors. My clients are Southern California local buyers looking for a return far better than what is available around here and that generally means out-of-state. We have expert property management, legal, and contracting services available.

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 Seeking Proposals to Redevelop Closed Municipal Light Plant Site

Columbus Municipal Light (Chris Russell/Dispatch Photo)

Columbus will take proposals through May 8th to redevelop the site of the Municipal Light Plant at 555 W Nationwide Blvd. , adjacent to the Arena District, and originally opened in 1904. The hopes are to restore and save the original power plant building and redevelop the 1.2 acres into multifamily housing or condos.  I imagine…

Construction Well Underway for the Worthington Road Extension

Westerville net leased retail

Work began a couple of months ago on the Worthington Road extension that will run from Polaris Parkway at the top of the photo south to County Line Road at the bottom of the photo. Design of the $6.3 million project began in 2012 with completion expected by November of this year. Utilities and sewer…

Client Need for West Los Angeles Office building for Purchase

Client buyer need for office building in the $5,000,000 to $12,000,000 range to buy with fast close. Client needs to owner occupy 1,500 to 2,000 square feet of the building with the remainder net leased or modified gross office. Looking west from downtown Los Angeles, west of the Harbor Freeway (110), preferably west of the…

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

I’m a Santa Monica commercial realtor and have a orthodontic client need for 1,300 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…

New Albany Panera is the 34th for Central Ohio

Warren Ohio based Covelli Enterprises has just opened their 34th Central Ohio Panera at 5547 New Albany Road in New Albany . It’s the second of seven planned Columbus area net leased restaurant openings for Central Ohio in 2014. The first this year was in the old Clarmont in German Village. The New Albany location…

Update Regarding Measure R2 Draft Proposal For Los Angeles Transit Projects

Los Angeles commercial real estate for sale and lease

I’m getting off of the topic of Los Angeles commercial real estate for sale and lease a bit.  Transportation in and around Los Angeles is of extreme importance if we’re going to have a thriving commercial real estate market well into the future when the population of LA county is expected to rise by another two…

Los Angeles MSA Massive List of Upcoming Mass Transit Projects

This is a link to an older post from Curbed LA dated January 2013, but since these projects can take a decade or even decades to be completed, it’s still very much relevant.   Although some of the proposed projects won’t be completed until 2040, they will drive Los Angeles commercial real estate investment decisions going…

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 –…

North Columbus Area Retail Factory Outlet Mall in Delaware County

Simon Property Group and Tanger Factory Outlet Retail Centers have just won a challenge to the zoning of their joint factory outlet retail center to built in Berkshire Township at the Routes 36/37 and I-71 interchange. The competing Northgate Center project is still tied up in a rezoning battle with Berkshire Township.  Developers Craig Realty…

Buyer Need for Triple Net Leased Retail – 1031 exchange

IRS 1031 exchange in 45 day Identification period looking for $3 to $4 million, national credit, preferably single tenant, NNN, triple net leased retail with at least five unexpired years left on net lease.  Prefer absolute net.  Corporate, single tenant 7 Eleven is fine.  Fast food and fast casual fine if corporate lease or large…

Republican National Convention for Columbus in 2016 is a No Go

It was announced that of Phoenix and Columbus, Cincinnati, Cleveland, Dallas, Denver, Kansas City and Las Vegas, Columbus and Phoenix were eliminated on the first round as the host city for the Republican National Convention for 2016. Given that Ohio is always pivotal in winning the presidency and that Columbus is one of the very…

Three Billion Dollar expansion planned for Warner Center

Los Angeles commercial real estate for lease

Boston Global Investors has been hired to develop a master planned development for the 47 acre Rocketdyne site into a self sustaining 24/7 neighborhood. The development will add more than five million square feet of space to Warner Center, including over 200,000 square feet of Los Angeles net leased  retail commercial real estate for lease….

Proposals for Columbus Convention Center Excess Property

Columbus net leased retail

Proposals from four developers have proposed hotels for the wedge shaped ground level parking lot directly across from the convention center on Goodale.  Wagenbrenner, Pizzuti, Starwood and a joint proposal from CoProposals from four developers have proposed hotels for the wedge shaped ground level parking lot directly across from the convention center on Goodale. Wagenbrenner,…

Caps for Columbus Downtown I-70 / I-71 Split Bridges

Columbus Capital South commercial real estate for lease

Caps similar to the High Street cap over I-670 have been under consideration for the new High Street and Third Street bridges over the new I-70 / I-71 split for quite a long time.  The new bridges will feature caps initially built as green space, but with the capacity to hold buildings just like the…

March 2014 – Commercial Construction Update for Columbus and Central Ohio

I’ll link shortly to Walker Evans at Columbus Underground for his summary of the current progress of Columbus commercial real estate for sale and lease. True, the weather has had huge effect on many of these projects, but now that hopefully it’s getting warmer, there will be much progress in the coming months.  We sure…

Grove Owner Rock Caruso Has Big Plans for the Village of Pacific Palisades

Our wealthy west side enclave of Pacific Palisades has been getting a little tired looking over the last 30 or 40 years and is in dire need of some sprucing up.  So in comes successful Los Angeles developer Rick Caruso who developed the Los Angeles commercial real estate net leased oasis named the Grove in…

Proposal for High End Single Family Homes for Northwest Columbus’ Riviera Golf Club

Developer Charlie Ruma with Davidson Phillips Inc. proposed zoning changes to Dublin’s Riviera Golf Club.  The developer wants the golf club rezoned to single family housing was met with fierce opposition from NIMBYS last Thursday night at the Dublin Planning Commission meeting. Backed by a rather loud group of 150 from a group named Friends…

Santa Monica Slow Growth Group Files Lawsuit to Halt Bergamot Project

The Santa Monica Coalition for a Livable City files a lawsuit to halt the project named Bergamot Transit Village project, which has been under consideration for the last seven years as a replacement for the old Papermate factory at 26th and Olympic in Santa Monica. The 765,000 square foot project was approved by Santa Monica…

Greater Columbus Convention Center to Get Facelift

One big weakness in Columbus that hasn’t been addressed yet is the dowdy convention center.   And here we are trying to attract the 2016 GOP National Convention or even the DNC?  With what? Cleveland just completed a half billion dollar new convention center.  Indianapolis just invested $275 million in theirs.  Nashville just opened their $600…