Category Archives: Retail

Construction Well Underway for the Worthington Road Extension

Westerville net leased retail

Work began a couple of months ago on the Worthington Road extension that will run from Polaris Parkway at the top of the photo south to County Line Road at the bottom of the photo. Design of the $6.3 million project began in 2012 with completion expected by November of this year. Utilities and sewer…

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…

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,…

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…

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…

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…

Owners Holding Contest to Give Away Santa Barbara Restaurant

This is a very creative thing to do with your business if your kids aren’t interested in taking over. A Santa Barbara restaurant named Pace, will be given away to the applicant who can convince owners’ Jeff and Kim Snyder that they can breathe new life into the two year old Pace Food + Drink located…

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…

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…

Los Angeles Commercial Real Estate for sale or Lease

It probably goes without saying, if you’re interested in Santa Monica or Los Angeles commercial real estate for lease, especially in the project I just posted, contact me because the net leased commercial retail space available will be leased up quickly. I’ll be happy to be your Los Angeles commercial real estate agent.  Good Los Angeles…

Introduction to Retail Lease Terminology

I’ve had a number of calls lately from small multiunit residential owners wanting to 1031 exchange out of their property into Columbus or Los Angeles commercial property for sale.  The interest has primarily been in national credit, single tenant, triple net retail leased properties here in Columbus or Santa Monica / Los Angeles. My Columbus…

Owner User Commercial Real Estate Making a Comeback

Well into the early stages of a recovery, companies seeking to raise funds will sell their property to investors and lease back the space.  However, lately, with increased financing options and a constrained supply available companies are warming to the idea or owning their commercial real estate once again. I’m seeing this with Columbus commercial…