Category Archives: nnn

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,…

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…

1031 Buyer Requirement – Triple Net Retail or Absolute Net Retail, National Credit, Single Tenant – $1.3 to $2.6 Million

California exchanger in day 4 of 45 day identification period looking for triple net retail properties for sale or absolute net retail investment.  $1.3 mil needs to be replaced to $2.6 mil under the 200% 1031 rule. Must be credit tenant, preferably single tenant, NNN, triple net leased retail with at least seven years unexpired left…

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…

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…

Columbus City Council votes 7 – 0 for Hamilton Road 161 Project, Hamilton Crossing

Finally, after a decade of the fights with the Army Corps of Engineers over wetlands and then the real estate downturn, something is finally going to happen with this big empty field I drive by every day. Monday night, Columbus City Council approved by a vote of 7 – 0 the 330 acre, $250 million…

Sawmill Parkway to be Extended to Route 42 in Delaware County

net leased retail in Delaware County Ohio

This has been a long time coming.  Finally, construction is going to get started on the Sawmill Road extension in the next couple of weeks with completion expected in October 2016. Today, Monday, Delaware County Commissioners approved the $30.4 million contract to extend Sawmill Parkway by almost five miles from Hyatts Road to Route 42…

Uptown Westerville – Pasquale’s Closing, Asterisk opening

Uptown Westerville is becoming the north, Short North. What a transformation over the last few years from antiques to polished casual restaurants and bars. First it was Old Bag of Nails then Jimmy Vs to Koble (in a building I sold). Then the 8 State Bistro takes the place of the old State Street Theater…

The Morse Road Northland Village to Get New Kroger

The once hot Northland area in the 60s and 70s fell into decay and vacancy after Lazarus closed their Northland store a decade or so ago.   There’s been a major attempt to revitalize the Morse Road net lease retail area over the last several years with some success.   Biggest success is the new Menards store…

The Short North White Castle Project Gets an Update

Columbus Short North retail and office

As was just reported by Walker Evens of Columbus Underground, and just about everyone else, Borror Properties revealed its latest design update for the 11 story proposed replacement for the old pre WWII White Castle located at second and HN High Street. After feedback from the Victorian Village Commission in April, Borror made some very…

Another huge project for Los Angeles’ South Park

shenzhen%201

This is just amazing. Another mega project for LA’s south Park with a newly announced multi tower project with high rises up to 42 stories to be located at Olympic and Figueroa all the way to Eleventh and Flower. China’s developer, Shenzhen Hazens Real Estate Groupis currently in the ntotlement process on the Gensler designed…

Delaware County’s Tanger Outlet Mall Approved

Delaware County commissioners have approved the $17.6 mil worth of roads that well soon serve the route 36/37 net leased retail 350,000 square feet Tanger Outlet Malls. Preliminary site work has already begun, but a date for the official ground breaking hasn’t been announced yet, but it expected to be very soon. The project includes…

Los Angeles’ South Park New Developments in Progress

In my 30 years in LA, never did I think I would see something like the following happening. South Park, roughly defined as southwest of the Arts District, south of downtown Los Angeles, east of the 110 and north of the 10, has 28 new developments in progress. Historically, what is now known as South…

Clintonville – North Broadway and High Street Development

Northstar Realty and Mark Ford of Ford and Associates AIA presented a preview of preliminary plans they will eventually take to the Clintonville Area Commission for approval.  The meeting was hosted by Positively Clintonville https://www.facebook.com/pages/Positively-Clintonville/1401958676717564 to allow the developer to get feedback from the community before the plans were submitted for approval from the city….

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…

Columbus – East Franklinton Development with 69 New Lofts

franklinton live work lofts

The trickle of development in Franklinton will soon turn to a torrent as this long long neglected area becomes the next Short North. So here’s another small piece with a 69 unit work loft with first floor Columbus net leased retail located at 400 W Rich St. designed by Jonathan Barnes Architecture and Design. The entire…

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…

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,…