Category Archives: net lease

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…

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…

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,…

Santa Monica’s No Growth is Forcing Tech Firms Out

Santa Monica has a very active bunch of NIMBYs who will shut your new project down if they don’t like it, and that’s generally the case. Tech industry has become the source for 25% of Santa Monica’s jobs and they’re doing their best to drive them out. Google and Yahoo have already given up and…

New Downtown Columbus 12 Story Hilton Garden Inn Proposed

If we decide that we really do want convention business in Columbus we must do something about the lack of hotel rooms within walking distance of the convention center. Although not nearly enough, the newly announced 12 story 170 room Hilton Garden Inn to be constructed at 77 East Nationwide Blvd. is a help. Columbus…

Latest Approved Bridge Park Plans for Dublin Ohio

Bridge Park

The city of Dublin, Ohio approved the basic development plan for the Massive Bridge Park Development. Once completed The Bridge Park Development is expected to be over one million square feet of residential, 222,000 square feet of office, 120,000 square feet of retail, 136,000 of conference and hotel, 92,000 square feet of restaurant plus a…

Kroger Bought Macy’s Site at Kingsdale in Upper Arlington

It was just announced yesterday that Kroger Co. bought the Macy’s site at Kingsdale for $10.5 mil on January 15, 2015.   Macy’s had recently announced plans to close the 45 year old store that was formerly a Lazarus. The grocery retailer, Giant Eagle is getting some new competition. However, little in the way of details…

New I-71 Interchange at Route 36/37 for $53mil

Once finalized, this second route 36/37 interchange may end up looking just like the interchange at Polaris Parkway and Gemini Place, The proposal that ODOT likes puts this second interchange about 3/4 of a mile south of the existing interchange so right in Pat Shively and James Klingbeil’s proposed Northgate development. And by the way,…

Rick Caruso does Pacific Palisades

Pacific Palisades

The reimagining of Pacific Palisades’ Palisades Village has been underway for years by Rick Caruso, developer of The Grove and Americana at Brand.   Now the actual work is about to begin and is expected to be completed in 2017. Palisades is one of if not my favorite Southern California suburbs, but had become a little…

New Six Story Culver City / Palms Mixed Use

West Los Angeles net leased retail and apartments

Better late than never is the story with this new ground floor net leased retail mixed use building with 131 apartment units above.  It’s on the northwest corner of Washington Blvd and Hughes Avenue in Palms, bordering Palms and Culver City. Developed by NMS Properties with Architects Killefer Flammang in Santa Monica.  The building will…

Campus Partners Picks Edwards for South Campus Gateway

It was announced today that it was local developer, Edwards Communities that was picked to develop Ohio State University’s South Campus Gateway. The retail, office and residential development will be one step closer to connecting the short North with OSU and Weinland Park. The seven acre development is mostly east of high Street in the…

Day Companies Buys Madison’s Retail buildings

columbus downtown net lease retail

One block of blight on High Street will be redeveloped with the purchase of the three long vacant Madison’s store buildings at 72-84 N High Street by Ricky Day of the Day Companies. The two six story and one four story building comprise the 84,000 square feet of the old Madison’s retail department store.   The…

Mid Ohio Regional Planning Commission – Insight 2050 Report

Mid Ohio Regional Planning Commission (MORPC) with collaborative partners Columbus 2020 and ULI Columbus released their final draft of their Insight 2050 report to compare and contrast four different possible growth scenarios for Central Ohio. The four scenarios compare growth similar to what we’ve done in the past with urban sprawl in Scenario A to…

Temperance Row Brewing Opens in Uptown Westerville

As many locals know, Westerville was ground zero of the temperance movement in the early 1900s. Ironically, Toni Cabilovsky named the new Westerville Uptown Deli and Brew at 41 N State Street Westerville, with the brewery named Temperance Row Brewing. Toni also brought brewmaster Scott Francis into the project to run the brewery . Francis…

New Whole Foods for Burbank in 241 Unit Mixed Use Apartment Complex

Burbank apartments and net leased retail

It took developer Michael Cusumano two years to get this through Burbank’s planning commission and city council, and despite the objections of Burbank’s mayor, the project finally got approved. Residents complained as always that the project will jack up traffic flow. The developer will have to drop $250,000 to go toward ‘traffic calming’ measures and…

Easton Gateway Getting BJ’s Brewhouse, Melt Bar and Grilled and Pies and Pints

The 54 acre Easton Gateway is getting 13 new net leased retail and restaurant tenants in addition to bog box tenant Field and Stream, REI and Saks off Fifth . Huntington Beach based, polished casual restaurant BJ’s Brewhouse will be opening their third Central Ohio location. Cleveland based Melt Bar and Grill will be opening…

New Six 254 Unit Story Mixed Use for Reseda

Los Angeles net leased retail property

We haven’t seen much new for Reseda in decades so this is a significant start. Now that the LA river waterfront is beginning the process of partial deconstruction with a planned continuous landscaped riverfront complete with walking and biking paths we’ll begin to see a revitalization of mixed use retail and multifamily condo and apartment…

Uptown Westerville to Submit Three Stage Parking Plan to City Council

Westerville City staff made their third and final presentation on September 30th to the community concerning reorganizing the retail and restaurant, Westerville Uptown District’s parking before talking it to city council for final approval. The plan identified short medium and long term improvements such as short term solutions such increased signage, additional spots in front…

Jerome Township Near Dublin to Get New Retail Center

Dublin triple net lease retail Jerome Township

The Columbus and Central Ohio metro has been relatively quiet in recent years concerning large scale suburban retail developments, but that’s going to change a bit with the Simon Tangers Outlet retail Mall at I-71 and route 36 in Delaware County, Bridge Street Corridor in Dublin and now this 400,000 square foot net leased retail…

West Hollywood Restoration Hardware on Melrose to Open on 24th

West Los Angeles net leased retail for sale

The new European villa like Restoration Hardware will be located at 8564 Melrose Ave in West Hollywood. The older store over by Beverly Center at 8722 Beverly Blvd. will not be closed as earlier rumored, but instead will be transitioned to a Restoration Hardware Baby & Child. Originally, retailer Restoration Hardware had planned on occupying…