Is the commercial market looking up for the U.S. in 2012? A strong close to 2011 commercial property left many saying that 2012 is going to be a good year. Of the several factors that make experts think this is true, let's start with the unemployment rate decreasing, even though its slowly decreasing - it is still a decrease in loss of jobs which is always a positive factor. Retail sales, as well as holiday sales have gone up and remained rather consistently higher in the end of 2011. These … [Read more...]
Latest Commercial Real Estate News
January 22, 2012 By Leave a Comment
SABJ looking for commercial property listingsAs the research director, I collect and publish the data on available properties, including total square footage available and rent prices.This year, we’re making some minor changes and updates to the listings to provide more pertinent information for the readers.The changes:• We will no longer list entries with total rentable square footage of less than 2,000 square feet.• We no longer will list subleases for buildings.• We no longer will … [Read more...]
Cole Real Estate Investments Acquires Five Retail Centers
January 22, 2012 By Leave a Comment
Cole Real Estate Investments (Cole), one of the nations leading investors in high-quality, income-producing retail, office and industrial real estate, announced it recently acquired five multi-tenant retail centers in separate transactions in Arizona, Colorado and California totaling $ 58.2 million. The announcement was made by Thomas W. Roberts, executive vice president and head of real estate investments at Cole. The properties include The Plaza at Power Marketplace in Queen Creek, AZ, … [Read more...]
Latest Commercial Real Estate News
January 21, 2012 By Leave a Comment
Local commercial real estate market a little healthierLast year wasn’t a great one for the Indianapolis-area commercial real estate market, but it wasn’t a particularly bad one, either, according to a report by Cassidy Turley to be released Thursday.The multifamily and industrial markets were the best performers in 2011, while office and retail remained mostly stagnant, the city’s largest commercial real estate brokerage says in its annual “State of Real Estate” report.“Although the … [Read more...]
Ascott Accelerates Expansion In China
January 20, 2012 By Leave a Comment
CapitaLands wholly-owned serviced residence business unit, The Ascott Limited (Ascott), has clinched contracts to manage two more properties in Chengdu and Beijing. The 181-unit Ascott Financial City Chengdu, which is the first premier Ascott-branded serviced residence in Chengdu, is slated to open in 2014. The 187-unit Somerset Wangjing Beijing, which is the first international brand of serviced residence in Beijings thriving Wangjing business area, is scheduled to open in 2013. With … [Read more...]
Renting Commercial Real Estate Property
January 17, 2012 By Leave a Comment
If you own commercial real estate you might be working hard to turn it into a money maker.The best way to make money with commercial real estate is to rent out the space to businesses, stores, etc. This sounds easy in theory, but renting commercial real estate is not always simple. There are several tips you can follow when it comes to renting commercial real estate.The first thing to remember is that renting commercial real estate may take time.This is especially true if you are in an … [Read more...]
William P. Carey, Leader in CRE, Dies at 81
January 17, 2012 By Leave a Comment
William P. Carey, who played a leading role in the early use of the commercial real estate transaction known as the sale-leaseback as he built a fortune in investment management, died on Jan. 2 in West Palm Beach, Fla. He was 81 and lived in Manhattan.Enlarge This ImageW. P. Carey & CoWilliam P. CareyThe cause was cardiac arrest, his brother and only immediate survivor, Francis, said.Mr. Carey was the founder in 1973 of W. P. Carey & Company, an investment management firm in New York … [Read more...]
The Royston Group Sells Retail Center
January 17, 2012 By Leave a Comment
The Royston Group has negotiated the $ 12.25 million sale of a two tenant retail building located in South Carolina. The site was built in 2006 on 18 acres of land with a building size of 132,929 square feet. The two tenant building is leased to clothing retailer Kohls and arts and crafts supplier Hobby Lobby. Kohls leased the building on an absolute triple net basis for 20 years while Hobby Lobby opted for a shorter modified net lease of 15 years. Additionally the site had 5,000 square … [Read more...]
Tips To Suceed In Commercial Real Estate
January 16, 2012 By Leave a Comment
Knowledge about the commercial real estate is the only way to succed in the industry. There is really no way around this. Just like anything else, the more that you know about commercial real estate the better off you will be if you are trying to make money. But there are a few tips that can help you succeed with commercial real estate.Even if you are knowledgable about commercial real estate, take the time to read some tips so that you may find that you are in an even better position.Here … [Read more...]
Latest Commercial Real Estate News
January 16, 2012 By Leave a Comment
Rutherford County rang in the New Year with a surge in commercial development.Just before Christmas, Amazon.com finalized plans to open a 1.2 million square-foot facility on Murfreesboro’s Joe B. Jackson Parkway, which amounts to 1,300 jobs and a $135 million economic investment.City officials approved a nearby trucking hub for Nissan-supplier NHK Seating – the third building on the company’s Joe B. Jackson campus. “There is more optimism in the industry right now than I’ve seen in … [Read more...]
