Category Archives: development

Downtown Los Angeles – 20 Percent of all New LA Housing

I find this a little hard to believe, but according to Curbed LA, downtown LA with 1 percent of the land area has had 20 percent of the new housing since passage of the Adaptive Reuse Ordinance in 1999. The Adaptive Reuse Ordinance is largely responsible for the huge downtown gentrification we’ve seen over the…

Mixed Use Development Proposal for Clintonville Olympic Swim Club Site

multifamily apartments, net leased retail

No, it’s not a proposal for Columbus to host the 20xx Olympics, but it is a large 152 unit mixed use development with ground floor mixed use retail and possibly office with three floors of multiunit residential on top in Clintonville to be named the Olympic.  And finally something a little different in architecture for…

Polaris Area Restaurants Booming

There’s lots new cooking up around Polaris between new openings and under construction projects of polished casual and fast casual restaurants. Latest two to have opened are the Roosters at 1041 Gemini Place and  Matt the Miller’s Tavern at 1436 Gemini Place.   The polished casual bar and grill is not at now at four locations,…

1200 Fig With 648 High End Condos Reveal Today

los angeles net leased retail

648 condos in the twin 35 story towers will sit above eight stories of retail, parking and electronic signage in place of the two huge surface parking lots that face Staples Center now. The condos will range in size from 750 square feet to over 4,000.  A hotel may also be part of the project…

Columbus – Byers Chevrolet Retail Property Sold to NRI

The announcement came yesterday that Nationwide Realty bought the eight acre Byers Chevrolet property on W Broad Street, just west of Downtown Columbus on the Scioto Peninsula . Byers plans to be open in Grove City by November 15th according to Byers VP, George Kauffman.  Byers Automotive employs around 120 employees. Redevelopment plans have not been…

Retail and Restaurant Tenant Credit Ratings

This one is for my triple net retail investors. Net leased retail buyers desiring leverage know that national credit retailers’ credit ratings with S&P and Moody’s are hugely important for getting a loan at decent rates and terms or even getting the loan at all. Investment grade credit is S&P BBB or above. Once in…

Dublin, Ohio Arthritis Foundation Charity Car Show

For the 32nd annual show there was a record turnout last weekend with around 1,400 cars present, including me of course.   The perfect weather with no rain and moderate temperatures surely helped. As I’ve written about here many times, Dublin, Ohio has some big plans ahead for the revitalization of Dublin Granville Road from Sawmill…

Ohio State University South Campus Gateway Expansion.

columbus commercial real estate for sale and lease

Ohio State University plans to start the rezoning process for the Campus Partners for Community Urban Redevelopment properties on 7 acres immediately south of the existing South Campus Gateway.  This will be mixed use including ground floor retail with office space and residential above. The rezoning process will begin next month and is expected to be…

Retail parcel zoned for retail/restaurant needed in southern Delaware County, Ohio

Triple net retail leased restaurant client needs 3/4 acre up to 2 acres for fast casual restaurant use on route 23 in southern Delaware County (Columbus north) from approximately Orange Road up to Sandusky Street.   Zoning needs to already be commercial/retail.  Out parcels in front of Menard’s or Kroger’s preferred.  Build to suit opportunity, fine….

Century City’s Westfield Mall Gets $700 Million Facelift

West Los Angeles commercial real estate for lease

And what a facelift it is!  The revamped mall will feature an additional 422,000 square feet of new retail space with an additional 70 Los Angeles commercial real estate net leased, world class luxury retailers or restaurants for a total of 220 retailers and restaurateurs. There will be eight acres of outdoor space including a…

Mercedes Benz Signs Largest Los Angeles Commercial Lease in a Quarter Century in Long Beach

Long Beach city and business executives broke ground on Mercedes-Benz’s new facility in East Long Beach near the Long Beach Airport where Mercedes will consolidate approximately 200 employees from its Western Regional Offices and other local operations. The new space will also be used as a center for preparing the high-end cars and SUVs, imported through…

Land zoned for Retail / Restaurant Use Needed in Marysville, Ohio

Local restaurant client needs 3/4 acre up to 2 acres for fast casual restaurant use off of one of the route 33 exits in Marysville, Delaware, Main or Maple.  Zoning needs to already be commercial/retail. Columbus area commercial broker / agent /principal with product that meets above requirement, call me, Scott Harris at 614-905-6614 or…

Columbus Ohio 2014 Festival Schedule

columbus commercial real estate

If there’s thing that we really do well in Columbus Ohio, it’s the festivals that run from spring to mid autumn. At the link, thanks to Columbus Underground and specifically Anne Evans, is a complete, well researched directory to all of the events. I’ll link directly to some of them, but for the full list,…

1031 Exchange – Retail – Client Requirement $1.6 to $3.2 Million

IRS Section 1031 need for replacement property. Exchanger in day 4 of 45 day identification period from closing relinquished property looking for triple net retail or absolute net retail, $1.6 mil to $3.2 mil. Exchanger prefers California triple net commercial real estate for sale , but will consider out of state. Must be credit tenant,…

Another Cincinnati Restaurant Favorite to Open in Columbus

Columbus triple net retail

The Columbus net leased restaurant market is getting another out of town addition, and again it’s from Cincinnati. Brian Ellis, president of Nationwide Realty Investors Ltd announced that Cincinnati restaurateur, Nada is taking the 6,000 plus square foot space at the new Columbus Gas of Ohio building at 240 Nationwide Blvd. Nada will be the…

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…

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 –…