Category Archives: net lease

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…

Downtown Los Angeles Commercial Development Recap

Downtown Los Angeles News (DTNews) just recapped the truly mega number of commercial developments underway or in planning stages for downtown for a total of 94 today with 14 of those added since late spring. Plans are for at least 3,000 new residential units, Condos and apartments, in just the 14 new projects announced since…

New Columbus Ohio Retail Restaurant Listing

columbus clintonville triple net retail net leased

Class A building built in 2004. End cap, triple net retail / restaurant space of 1,441 RSF. 40 parking spaces.  Potential of patio on north side in addition to the existing one in the front of the building. Co tenants are Chase Bank and Peet’s Coffee. Located in the heart of gentrifying Clintonville, an inner…

73 Story InterContinental Hotel Rising in Los Angeles.

los angeles net leased retail

What will be the tallest hotel in the west is currently under construction in place of the Wilshire Grand that was built in 1952. Developers Hanjin and Korean Air are building the 900 room 73 story hotel, which will be part of Inter-Continental’s luxury brand and is expected to have at least a four star…

Columbus Ranked 8th for Economic Growth

The U.S. Bureau of Economic Analysis ranked Columbus, Ohio eighth for economic growth according to new data that takes a fresh look at economic output generated by individual U.S. metro areas. Columbus came in at nearly double the national average of 1.7 percent with 3.2 percent GDP growth since 2012 “The metros where economic output…

Developers Of North Gate Centre Offer $19 million for new I-71 interchange

As many already know, there are two huge commercial real estate projects in the planning stages for the I-71 and Route 36/37 areas. First, is North Gate Centre, a collaboration between developers Pat Shivley and James Klingbeil, which would flank I-71 on both sides south of Route 36/37.  When built out it would be roughly…

Proposed Ohio General Hospital at Polaris

According to Carrie Ghose with Columbus Business First, Adeptus Health of Dallas Texas is expanding into Central Ohio with a proposed three story 24 bed (expandable to 48) on a 5 .5 acre parcel.  The parcel at the corner of I-71 and Gemini Place in the Polaris Fashion Mall area  is currently owned by McGraw…

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…

Panera Opens Dedicated Facility for Catering on Bethel Road in Northwest Columbus

Panera has repurposed their old Columbus area offices on Bethel Road into a centralized catering facility employing 40.  Based in Warren, Covelli Enterprises’  Panera Bread franchisee has been a hugely successful Columbus area net leased fast casual restaurant with 23 area locations. The Columbus area Panera catering business has grown to 10% of their revenue…