As the U.S. Court of Appeals for the D.C. Circuit hears oral arguments today about the merits of the Clean Power Plan, the Environmental Protection Agency’s (EPA) rule placing the first-ever federal carbon pollution limits on our nation's electric power plants, the American Wind Energy Association (AWEA) issued the following statement.
Lee & Associates, a national commercial real estate brokerage firm, announced today that the company represented the buyer and seller in the sale of Grovemont Square, a 29,030-square-foot multi-tenant retail shopping center at 2428 North Grand Avenue in Santa Ana, Calif. The sale price was $4,730,000, representing a cap rate of 4.26 percent.
The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Orscheln Farm & Home property located at 1311 Business Highway 61 South in Bowling Green, MO for $2,440,000
CBRE Executive Vice President Philip D. Voorhees announced today that he, Jimmy Slusher and their National Retail Investment Group – West (NRIG-West) team completed the sale of the Taco Bell and Shops, a 18,175-square-foot, strip center in the city of San Diego, Calif., leased to a synergistic mix of food and service tenants, including Taco Bell, El Pollo Loco, Pick Up Stix, AT&T and T-Mobile. The sale price was $14 million, representing a 5.0% cap rate.
KTGY-Designed Wood-Framed Mid-Rise Apartment Community Achieves 191.76 du/ac and Wins National Award
KTGY Architecture + Planning announced today that The Maxwell in the Ballston neighborhood of Arlington, Va., outside of Washington, DC, earned the Grand Award in the 2016 Multifamily Executive Awards program. Developed by Crimson Partners and designed by KTGY, The Maxwell was named Project of the Year, Mid-Rise Podium or Wrap (4 to 6 stories) at a special event held during the 2016 Multifamily Executive Conference, which took place September 19-21 in Las Vegas, Nev.
The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant new construction CVS Pharmacy ground lease located at 2501 N. Field Street in Dallas, Texas for $14,890,000. The property sold at a 4.60% cap rate which is the lowest cap rate for a CVS sale in 2016 according to CoStar
Crescent Communities has commenced construction on Lakemont East, an innovative industrial building in Fort Mill, South Carolina. Lakemont East, which offers 201,000-square-feet of multi-use space, is the latest addition at the 864-acre Lakemont Industrial Park, where Crescent has developed more than 5 million square feet of space in Charlotte’s Southwest and York County submarkets. Located on Springhill Farm Road off Carowinds Boulevard, Lakemont East features an innovative design and sustainable features
The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased movie theatre portfolio consisting of three properties located in North Carolina for $15,973,000. The portfolio consists of three long term leased movie theaters with over 16 years remaining tenanted by Coastal Cinemas, Creekside Cinemas, and Spring Lane Cinemas. The absolute triple net leases feature annual rental escalations and no landlord responsibilities. Each of the properties is located in strategic retail locations with minimal competition in the surrounding trade areas.
Meridian, a full service real estate developer specializing in acquiring and developing real estate facilities for the healthcare sector, announced today that senior healthcare executive Indrajit Obeysekere has been hired as vice president of client services. Obeysekere will play a leadership role in business development and facility acquisition for Meridian’s stable of major medical industry clients
Hanley Investment Group and Lee & Associates Sell Single-Tenant Sonic Drive-In at Record-Breaking Cap...
Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, in conjunction with Lee & Associates, announced today that the two firms completed the sale of a single-tenant Sonic Drive-in located at 9505 Magnolia Avenue in Riverside, Calif. The sale price of $2,555,000 represented a cap rate of 4.70%, a record low for a single-tenant Sonic Drive-In restaurant nationwide.
According to international award-winning firm KTGY Architecture + Planning, well-designed luxury homes targeting 55+ buyers in amenity-rich communities continue to experience strong demand. Prior to Toll Brothers’ Regency at Summerlin® opening, the sales team had hundreds of individuals on their waiting list. Toll Brothers Group President Gary Mayo says that 45 homes were sold within the first four months after the models were open, and the waiting list has grown exponentially
The Max C. Tipton Award for Marketing Excellence was recently presented to Nick Lehnert of KTGY Architecture + Planning at the 2016 SoCal Awards at the Disneyland Hotel in Anaheim, California. This annual awards gala is presented by the Building Industry Association’s Greater Sales & Marketing Council of Southern California and recognizes the best in professional achievement, sales, marketing and design throughout the region
The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant new construction Dollar General located at 307 Highway 5 in Logansport, LA for $1,113,685. The 9,014 square foot Dollar General building is strategically located along Highway 5 which is the primary north-south thoroughfare in the trade area. The surrounding trade area features Dairy Queen, Whataburger, Subway, Brookshire Brothers, Community Bank of Louisiana, Farmers State Bank and Family Dollar.
WPM Commercial, an Atlanta-based investor and developer, said today it is marketing for sale a 220-acre tract entitled for up to 3,500,000 square feet of distribution and manufacturing space in Adairsville, Georgia.
Agriculture Secretary Tom Vilsack today announced that the U.S. Department of Agriculture (USDA) is investing in 168 projects to improve water and waste infrastructure across the country and in the Commonwealth of Puerto Rico. The investment, totaling $283 million, is made through USDA Rural Development's Water and Waste Disposal Loan and Grant Program, which provides assistance and financing to develop drinking water and waste disposal systems for communities with 10,000 or fewer residents.
James S. Lee., CRE, co-founder and senior principal, Kensington Realty Advisors, Chicago, spoke today at MIPIM Japan 2016 in Osaka. MIPIM Japan is Asia’s largest international real estate conference. He represented The Counselors of Real Estate professional association where he is the 2016 Chair of the Board. Two other Counselors of Real Estate, Hiroyuki Isobe, CRE, and Masayuki Yoshimura, CRE, also spoke at MIPIM Japan.
The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Insurance Auto Auctions, Inc. (IAAI) property located at 891 Ballardsville Road in Eminence, Kentucky for $5,619,000. IAAI is one of the leading North American salvage auto auctions with the largest facility footprint, strong buyer base and high auction returns
Bridge loan term will allow property to complete lease-up. Dekel Capital, a Los Angeles-based real estate merchant bank that specializes in sourcing and placing equity and debt for active middle market and large-scale commercial real estate developers and investors, has arranged a $13 million non-recourse bridge loan on a 14-level, Class-A parking structure in Downtown Los Angeles
On Thursday, September 8, 2016, the City of San Luis Obispo celebrated the grand opening of South Hills Crossing, a new affordable apartment community by ROEM Corporation in partnership with the Housing Authority of the San Luis Obispo (HASLO). The grand opening celebration was held at 1:00 p.m. at 309 South Street, San Luis Obispo, CA 93401
Ranking Member of the Senate Energy and Natural Resources CommitteeMaria Cantwell (D-Wash.) welcomed the release of a new report from the National Academies of Sciences, Engineering and Medicine on innovation for clean energy.