Category Archives: Commercial

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…

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…

Westerville Planning Commission Turns One Down

On February 26th , the Westerville Planning Commission voted down by  4 – 2 a proposal from Romanelli and Hughes for rezoning a 23.6 acre parcel at 645 and 655 N State from Rural Residential to Planned Neighborhood District. The project was going to be a mixed multifamily and single family development of a 141…

New Gourmet Donut Shop Across From OSU Student Union

columbus net leased retail

Thanks to Columbus Underground, I found something I probably should stay away from.  Thankfully, at 1716 N. High, it’s a long way away from me in Westerville so I’m likely safe.  It’s right across the street from the Ohio State University Student Union next to the Newport.  Its hours at 9:00 AM to 4:00 PM…

Fast Casual Asian Cuisine BiBiBop Opens on Henderson Road

Columbus based Gosh Enterprises LLC, owners of Charley’s Grilled Subs and Charley’s Philly Steak brands opened its second BiBiBop Asian Grill Monday at 1836 W. Henderson Road.  Their first location is in Grandview Heights at 1270 W 5th Ave. The fast causal restaurant startup is similar to Chipotle’s in that they take the assembly line…

Organic Grocer Opening Two New Stores in the Columbus Area

Fresh Thyme Farmers Market is coming to Columbus Ohio with two new locations.  The Phoenix based organic grocer has announced 22 new stores in the Midwest with the first opening shortly in Chicago.  Two are in the works for Central Ohio with one in the former Borders bookstore on Sawmill just south of I-270  and…

Casto’s 392 Apartment Complex Slated for Dublin’s Bridge Street District

Casto's 392 Units in Dublin Ohio

 A 392 unit apartment complex named Tuller Flats to be located on an 18 acre parcel off of Tuller Road near Lexus of Dublin went before the City of Dublin Ohio planning Commission on the 20th. The proposed development would be comprised of 30 three and four unit buildings around a clubhouse and green space. …

Client Need for Net Leased Retail – 1031 exchange – 45 Identification Period

IRS 1031 Exchanger in 45 Identification period looking for $3.5 to $5 million, national credit, preferably single tenant, NNN, triple net retail with at least seven unexpired years left on net lease.  Prefer absolute net.  No gas or 7 Eleven.  Fast food and fast casual fine if corporate lease or large franchise. Looking West Los…