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.

Columbus City Council votes 7 – 0 for Hamilton Road 161 Project, Hamilton Crossing

Finally, after a decade of the fights with the Army Corps of Engineers over wetlands and then the real estate downturn, something is finally going to happen with this big empty field I drive by every day. Monday night, Columbus City Council approved by a vote of 7 – 0 the 330 acre, $250 million…

Sawmill Parkway to be Extended to Route 42 in Delaware County

net leased retail in Delaware County Ohio

This has been a long time coming.  Finally, construction is going to get started on the Sawmill Road extension in the next couple of weeks with completion expected in October 2016. Today, Monday, Delaware County Commissioners approved the $30.4 million contract to extend Sawmill Parkway by almost five miles from Hyatts Road to Route 42…

Los Angeles Downtown’s Broadway Trade Center Revamp

los angeles net leased retail

Wow, look at this. A massive conversion of this massive 1908 property is on the way soon. Waterbridge Capital bought the property last year for $130 million The 1.1 million square foot Broadway Trade Center opened in 1908 and even had a 1,000 seat theater and a rooftop garden, although much smaller than what is…

Uptown Westerville – Pasquale’s Closing, Asterisk opening

Uptown Westerville is becoming the north, Short North. What a transformation over the last few years from antiques to polished casual restaurants and bars. First it was Old Bag of Nails then Jimmy Vs to Koble (in a building I sold). Then the 8 State Bistro takes the place of the old State Street Theater…

The Morse Road Northland Village to Get New Kroger

The once hot Northland area in the 60s and 70s fell into decay and vacancy after Lazarus closed their Northland store a decade or so ago.   There’s been a major attempt to revitalize the Morse Road net lease retail area over the last several years with some success.   Biggest success is the new Menards store…

The Short North White Castle Project Gets an Update

Columbus Short North retail and office

As was just reported by Walker Evens of Columbus Underground, and just about everyone else, Borror Properties revealed its latest design update for the 11 story proposed replacement for the old pre WWII White Castle located at second and HN High Street. After feedback from the Victorian Village Commission in April, Borror made some very…

Wealthiest Zip Codes in the United States

This is a fun post. Experian, one of the three big credit reporting agencies, put together an infographic showing the wealthiest zip codes in the country (at the link below). Some real surprises here.  What’s up with Dayton’s 45423 at $800k+ per year or 93778 in Fresno at almost a million per year?   Or Alaska,…

Another huge project for Los Angeles’ South Park

shenzhen%201

This is just amazing. Another mega project for LA’s south Park with a newly announced multi tower project with high rises up to 42 stories to be located at Olympic and Figueroa all the way to Eleventh and Flower. China’s developer, Shenzhen Hazens Real Estate Groupis currently in the ntotlement process on the Gensler designed…

Delaware County’s Tanger Outlet Mall Approved

Delaware County commissioners have approved the $17.6 mil worth of roads that well soon serve the route 36/37 net leased retail 350,000 square feet Tanger Outlet Malls. Preliminary site work has already begun, but a date for the official ground breaking hasn’t been announced yet, but it expected to be very soon. The project includes…

Los Angeles’ South Park New Developments in Progress

In my 30 years in LA, never did I think I would see something like the following happening. South Park, roughly defined as southwest of the Arts District, south of downtown Los Angeles, east of the 110 and north of the 10, has 28 new developments in progress. Historically, what is now known as South…

Los Angeles Gets 40 Story Mixed User in Historic Core

Los Angeles net lease retail

Hellen’s 525 S Spring Street will get a big high rise designed by Steinberg Architects with TSK Architects and seen here http://urbanize.la/post/new-design-and-rendering-stationers-tower-project-historic-core. Plus, this will include the renovation of three historic theaters on Broadway, LA’s Broadway, the Roxie, Cameo, and Arcade to further the very successful revitalization of the theater district.  http://la.curbed.com/archives/2015/02/stunning_looks_inside_7_of_broadways_rarely_opened_theaters.php This is the…

Clintonville – North Broadway and High Street Development

Northstar Realty and Mark Ford of Ford and Associates AIA presented a preview of preliminary plans they will eventually take to the Clintonville Area Commission for approval.  The meeting was hosted by Positively Clintonville https://www.facebook.com/pages/Positively-Clintonville/1401958676717564 to allow the developer to get feedback from the community before the plans were submitted for approval from the city….

Another Mixed Use High Rise For Los Angeles Core

Los Angeles downtown retail space for lease

This one at 33 stories in the Los Angeles historic core will contain 320 market rate apartments plus 22 very low income units and 86 workforce housing units. Still not sure what ‘workforce’ means in terms of rent. TCA Architects did the design work.  Pretty nice for Pershing Square. The studios range in size from…

Dublin’s – 420 Unit Casto Development Tuller Flats Approved

Dublin Ohio’s Planning and Zoning Commission has approved what is to date the largest of the developments in the Bridge Street District. The construction of the 420 unit apartment complex will allow the city to begin construction of the John Shields Parkway connector from Village Parkway to Tuller Ridge Drive. Tuller Flats, once completed will…

Redevelopment of Budd Dairy site in Italian Village proposed

A new proposal from Lykens Companies to redevelop what is one of the largest structures in Italian Village is on the table in front of the Italian Village Commission. Lykens plans to not only restore the Budd Dairy building but to add five additional modern mixed use to the site. The three and four story…

Columbus – East Franklinton Development with 69 New Lofts

franklinton live work lofts

The trickle of development in Franklinton will soon turn to a torrent as this long long neglected area becomes the next Short North. So here’s another small piece with a 69 unit work loft with first floor Columbus net leased retail located at 400 W Rich St. designed by Jonathan Barnes Architecture and Design. The entire…

Los Angeles Downtown – Fig Central Breaks Ground

Los Angeles downtown commercial real estate development

The South Park mega billion dollar project, Fig Central, just broke ground on the 4.6 acre lot that’s adjacent to LA Live. The project will have a five star Robert Cavalli hotel, luxury condos and 200,000 square feet of net leased Los Angeles retail space that will feature a covered open air shopping mall.  The…

Commercial Real Estate Construction Update for Columbus and Central Ohio

I didn’t get chance to get out and take any pictures in the last month so I’ll turn this topic over to Walker Evans with Columbus Underground at the link below the text. In January work progressed pretty well, but February has been a different story.   I would expect some of these commercial construction projects…

Micro Living in Downtown Columbus

As downtown Columbus multiunit rents get silly and two bedroom flats can run $2,500 per month, there need to be an alternative for those who work downtown. The solution has been in major high rent coastal cities to more toward micro apartments with just about enough room to inhale and exhale.   That trend is coming…

Los Angeles – Hollywood Park NFL Stadium Moving Fast

There just might be a new 80,000 NFL stadium on the site of the old Hollywood Park under construction by the end of the year. St. Louis Rams owner Stan Kroenke announced last month that he’s joining Stockbridge Capital who was already building a mega project on the site with single family and multiunit residential,…