Category Archives: Commercial

Los Angeles Ram’s New Stadium YouTube Fly through

On the LA Rams YouTube page is a video fly through of the new NFL stadium that I thought might be of interest to a few of my readers. The new $2.5 billion stadium is supposedly the most expensive in the world. It features a see through roof and seats for over 70,000 plus standing…

Columbus Downtown – Long and Fourth To Get New 10 Story Mixed User

Continental Realty presented a proposal to Downtown Commission on January 26th to tear down a six and two story building at Long and Fourth that are over 95 years old to be replaced by a ten story mixed use building complete with a parking garage, apartments and ground floor retail. As always Columbus commercial real…

New Tax News for 2016 Regarding FIRPTA

FIRPTA increases from 10% to 15%. Currently if a foreign person sells United States real estate the buyer is required to withhold 10% of the gross sales price and remit this to the IRS. However pursuant to the Protecting Americans from Tax Hikes Act of 2015 closings as of February 16, 2016 the FIRPTA will…

Downtown Los Angeles South Park Car Wash to be 60 Story Mixed Use Tower

Los Angeles commercial real estate agents

We’ve been hearing rumors for a very long time, and now that plans have been filed with the City of Los Angeles, we’re seeing the first illustrations of the planned 60 story mixed use monster. It’s to be built on the old car wash site across from LA Live and will include hotel, residential condos,…

Massive Mixed Use Project Coming for Olympic and Bundy in West Los Angeles.

new west los angeles triple net retail restaurant space for lease

The five acre Martin Cadillac GMC dealer that’s been on the corner of Olympic and Bundy for 40 years will soon be replaced by a big new seven story 516 residential unit, apartment and or condo complex, and 10 story office with 81,000 square feet of net lease retail restaurant space plus three levels of…

Columbus Commercial Construction Update

The Columbus commercial construction update, brought to you by Walker Evans at Columbus underground, highlights both existing and new projects in and around downtown Columbus. Columbus commercial real estate agents / commercial Realtors will be very happy to see this new product coming online. Although it means new commercial construction, but in many instances, not…

Name and Design Change for Clintonville Mixed Use Project

The Clintonville project on Indianola formerly known as The Olympic has a new name, The Deco. From what I understand, an early NIMBY opposed to the project ratted them out to the USOC who then notified the developer that the change of use invalidated their grandfathered status to continue to use the name Olympic. Now,…

Client Need: Buyer for Columbus / Central Ohio Apartments 80 – 250 units Class A or B

Buyer prefers class B in good area, but will consider class A.  Prefers value add potential. Off market welcome.  Owner principals welcome. Columbus area commercial broker / agent / principal with product that meets above requirement, call me, Scott Harris at 614-905-6614 or better yet, email to scottharrisrealtor@gmail.com before calling.

Los Angeles Apartment Occupancy Rates Driving Rent Increases

Los Angeles commercial real estate agent

Not that it isn’t obvious enough already, but take a look at the article that I found today in Curb LA regarding Los Angeles metro apartment rent increases versus vacancy rates. This is a big boom to Los Angeles commercial real estate agents and landlords and not so good for tenants. Citywide, rents are up an…

Columbus Multiunit Residential Market Ranked 10th Nationally

columbus commercial realtor

A  report by All Property Management http://www.allpropertymanagement.com/ , who is the largest group of property management companies in the United States,  ranked Columbus and Central Ohio as the best market for landlords in the Midwest, and the 10th best in the country. Columbus commercial real estate agents, me included, couldn’t be happier at the new…

Redeveloped Retail and Restaurant Space for Columbus Short North

short north retail and restaurant space for lease

In what’s just about the last undeveloped block between downtown Columbus and the Ohio State University campus, we’re about to see some changes.  And these changes will make Columbus commercial real estate agents very happy to have something new to lease in the Short North.  We have plenty of demand and no where to put…

Retail Lease Basics

I get questions from both proprietors starting a new concept and looking for a new space to lease and investment buyers looking for net leased retail properties to purchase so I thought it would be a good time to review the basic lease types. I’m certain that most Columbus commercial real estate agents get the…

Big Retail and Apartment Development for Hollywood’s Donut Time District

Developer, AvalonBay, spent $100 million to buy six acres of land around Santa Monica and Las Palmas for a huge 695 unit apartment complex complete with another 25,000 square feet of ground floor net leased retail space according to Los Angeles Business Journal. Los Angeles commercial real estate agents will be pleased to have some…

Columbus Commercial Construction Update for September 2015

At the link is an update from Walker Evans of Columbus Underground regarding commercial construction progress in and around Columbus Ohio for September 2015. There’s a bunch of it, both already underway and just beginning.  Columbus commercial real estate agents will rejoice that we’re getting new restaurant, retail or office product to lease in many…

Los Angeles and the 2024 Olympics

Los Angeles commercial real estate for sale or lease

Following are some details on the $4.1 billion plan to host the 2024 Olympics The Olympic Village is proposed for the Piggyback Yard site along the LA River, which revitalization activists have been interested in for years for river restoration and green space.  Private developers would take the lead on the project with only $75,000,000…

Columbus Construction Update for August 2015

There’s an amazing amount of commercial and residential construction activity in the Columbus Metro this summer so I thought I would take you over to Walker Evans’ Columbus Underground for an update. Covered are the new Nationwide Children’s Hospital building at Parsons and Livingston, which is driving the development in Olde Town East.   I have…

Easton Gateway is Just About Complete When Whole Foods Opens September 2nd

columbus easton retail building for lease

Whole Foods is the last large tenant in Easton Gateway and they were one of the original tenants announced back in 2013 when the project was unveiled. The 45,000 square foot store will be Whole Food’s 422nd store and the third in Columbus along with Lane Avenue and Dublin Grandville Road. They also opened their…

Central Ohio’s Franklin County Ranked Number Four Nationally for Job Growth for large companies.

columbus commercial real estate for sale or lease

Some more good news to report regarding Central Ohio, brought to you by www.headlightdata.com. “Top 10 Counties with Best and Worst Performing Holding Company Economies of 2014: Harris County-TX / Houston Creates the Most Jobs at Holding Companies; Fairfax County-VA / Washington DC Loses the Most Recently released data show that jobs created in 2014…

Columbus – The Next Hot Spot For Millennials?

I missed this when the article was published a couple of months ago, although I’ll admit that I don’t read Mother Jones all that much. Columbus: Where the cost of living is more living than cost, reads one ad.  Given where our rents have gone over the last few years, that’s not nearly as true…

Columbus – First in the Nation With Wage Growth

Money / CNN reports that hourly wages grew at a rate of 6.2% in Columbus, far higher than the national average of 2.1%. Much of this can be attributed to the unemployment rate here in Central Ohio, which at 4.2% is getting to the point that we’ll start experiencing labor shortages as we already are…