Property, Rentals, Transactions

Property, Rentals, Transactions

Changes to FHA Condo Rules Expand Home Buyer Opportunities” comments

Buying a condominium may become easier in the near future, thanks to recent changes in the Federal Housing Administration (FHA) mortgage program. The new FHA mortgage rules, applying specifically to condominiums, became effective August, 2016 with the passage of Bill H.R. 3700.

Existing-Home Sales Lose Steam in July

Slowed by frustratingly low inventory levels in many parts of the country, existing-home sales lost momentum in July and decreased year-over-year for the first time since November 2015, according to the National Association of Realtors®. Only the West region saw a monthly increase in closings in July.
PHL_detached no shared walls

Coming Soon to Silver Lake, New Modern KTGY-Designed Single-Family Homes with Rooftop Decks and...

Planet Home Living is pleased to announce another new community coming soon. COVO in Silver Lake, the heart of LA’s trendy Eastside, will fit the needs of modern, urban homeowners. “Due to its modern design and popular location in Silver Lake, we are anticipating high demand at COVO similar to what was experienced at Prism, our community that opened in early 2016 and sold out in the matter of weeks,” said Planet Home Living COO David French

The Boulder Group Arranges Sale of Triple Net Leased Dollar General

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant new construction Dollar General located at 4180 University Parkway in Natchitoches, LA for $1,362,000.
Starbucks (GL) - Hendersonville, NC

The Boulder Group Arranges Sale of Net Lease Starbucks Ground Lease

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant new construction Starbucks ground lease located at 103 Mitchell Drive in Hendersonville, NC for $2,250,000.

Realtors® Donate Thousands of Hours, Dollars to Local Boys & Girls Clubs

The National Association of Realtors® joined forces last year with Boys & Girls Clubs of America to enrich the lives of Club kids and teens in communities across the U.S

Contract Talks Begin for Tufts University Janitors

Negotiations for a new, multi-year contract are scheduled to begin on Thursday between Tufts University and 32BJ SEIU District 615 the largest property service union in the country. The contract covers nearly 200 custodians who maintain the Medford/Somerville campus

Consumer Groups Urge the Department of Energy to Strengthen Protections for Homeowners in Best...

The National Consumer Law Center, on behalf of its low-income clients, and 15 consumer advocacy organizations submitted comments urging the U.S. Department of Energy (DOE) to strengthen consumer protections in the Department's draft Best Practices for Residential PACE Financing Programs. Municipalities use Property Assessed Clean Energy (PACE) loans to help homeowners finance energy efficiency and renewable energy improvements to their homes.
Petco_Los Banos

CBRE’s Philip D. Voorhees and NRIG-West Team Complete Sale of Target Outpad and Retail...

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 Shops at Stonecreek Plaza, a 52,171-square-foot strip center in the city of Los Banos, Calif., leased to a synergistic mix of regional and local tenants including Petco, Famous Footwear, Dollar Tree, GNC, Metro PCS, Wingstop and a drive-thru Starbucks. The sale price was $12 million, representing a 7.1% cap rate
Petco_Redondo Beach-WEB

Hanley Investment Group and Voit Real Estate Services Arrange Sale of Single-Tenant Petco in...

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, in conjunction with Voit Real Estate Services, announced today that the two firms completed the sale of a single-tenant net-leased coastal property occupied by Petco at 537 North Pacific Coast Highway in Redondo Beach, Calif. The sales price of $7,630,000 represented a cap rate of 4.5%, a record low cap rate for a single-tenant Petco in Los Angeles County.
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KTGY-designed Artisan Alley to Capitalize on Craft Brew Craze Adjacent Stadium in Lake Elsinore,...

International award-winning KTGY Architecture + Planning announced today that it has been selected by Orange County-based Civic Partners as the designer of Artisan Alley at The Diamond, a unique retail development located in western Riverside County in the City of Lake Elsinore, Calif. Conveniently located across the street from the Lake Elsinore Diamond Stadium, the proposed retail development will bring a creative, commercial destination, which is sure to energize the neighboring area. Capitalizing on the craft brew craze, Artisan Alley will offer a variety of craft breweries as well as complementary non-traditional food offerings and retailers.
Applebee's Florence SC Facade Pic

The Boulder Group Arranges Sale of Net Lease Applebee’s Neighborhood Grill & Bar

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant Applebee’s Neighborhood Grill & Bar (Applebee’s) property located at 811 S. Irby Street in Florence, SC for $2,050,000. The City of Florence is the largest city in Northeastern South Carolina and was recently named among America’s top fifty cities for business relocation and expansion by Expansion Management Magazine.
American Mattress

The Boulder Group Arranges Sale of Single Tenant Net Leased American Mattress

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant American Mattress located at 751 East Lincoln Highway in New Lenox, IL for $1,545,000. The 4,000 square foot American Mattress building was constructed in 2015 and is located along East Lincoln Highway, the primary east-west thoroughfare in the trade area that connects the property to Interstate 80.
LabCorp - Itasca, IL

The Boulder Group Arranges Sale of Net Lease LabCorp Office Property

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant LabCorp office property located at 150 Spring Lake Drive in Itasca, IL for $6,250,000. Itasca is located in the Chicago MSA west of the Chicago O’Hare International Airport.

Home-Price Gains Unfettered in Most Metro Areas during Second Quarter

Home prices maintained their robust, upward trajectory in a vast majority of metro areas during the second quarter, causing affordability to slightly decline despite mortgage rates hovering at lows not seen in over three years, according to the latest quarterly report by the National Association of Realtors®. The report also revealed that for the first time ever, a metro area – San Jose, California – had a median single-family home price above $1 million.

Atlanta is one of the healthiest office markets in the world, based on the...

Office rents jumped 13 percent, placing Atlanta at No. 8 in JLL’s Global Top 10 market for office growth. In JLL’s Global Office Index report, Oakland East Bay, Stockholm, Dublin and Dubai (DIFC) took the top spots for annual office rental growth, all with growth of 20 percent or more. Apart from Oakland East Bay, and Atlanta, two other U.S. cities were featured in the top ten: Los Angeles (seventh) and Austin (ninth) showing 13.5 and 12.1 percent growth respectively.
51st & Southern_Laveen

Hanley Investment Group Negotiates Sale of Multi-Tenant Retail Center in Phoenix Metro Area

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that Executive Vice President Eric Wohl negotiated the sale of 51st & Southern, a 15,498-square-foot multi-tenant retail property in the Phoenix metro area. The purchase price was $2,325,000.

32BJ SEIU Endorses Christine Peters in the Westchester County Legislature Special Election on Aug...

Members of 32BJ SEIU, the nation’s largest property services union, have spent the past week knocking on doors for Democrat Christine Peters, whom they endorsed last week in the Westchester County Legislature special election to replace Bernice Spreckman.

Kennedy Wilson Represents Buyer and Seller in $16 Million Sale of Prime Property in...

Global real estate investment company Kennedy Wilson represented both the buyer and seller in the $16 million sale of a prime, mixed-use complex located at the corner of 11th Street and Wilshire Boulevard in the heart of Santa Monica. The approximately 23,500-square foot, retail and multifamily property was purchased by 11th and Wilshire, LLC. The seller was Paragon Properties.

Building vs. Leasing: Which is Right for Your New Business?

Selecting where to place your business plays a big role in the success and your overall profits. You’ll want a location that draws people in; for example, a shopping center is a great place for a fast food restaurant. Hungry shoppers will be drawn to the idea of a quick bite to eat. There are many choices available in terms of actual premises (meaning the building and property location).


Affordable Housing Comes to U Street with the Funding of Portner...

On July 7th, the District of Columbia Housing Finance Agency (DCHFA) closed on the financing of an affordable housing development in one the District’s most sought after neighborhoods, the U Street Corridor. The Agency issued $27 million in short term DCHFA tax exempt bonds providing a portion of the funding for the acquisition of Portner Place and construction of Portner Flats (1440-1450 V Street, NW) located in Ward 1, one block west of The Frank D. Reeves Municipal Center at 14th and U Streets, NW


DCHFA Names Yvette Downs, Chief Financial Officer

Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) has a new Chief Financial Officer (CFO), Yvette Downs. This week Downs began...