Property, Rentals, Transactions

Property, Rentals, Transactions
DG Delavan, IL

The Boulder Group Arranges Sale of Triple Net Lease Dollar General in Illinois

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant new construction Dollar General located at 710 East 4th Street in Delavan, Illinois for $ $1,211,000. Delavan is part of the Peoria Metropolitan Statistical Area

Hanley Investment Group Completes Sale of New Single-Tenant Net-Lease LA Fitness in Chicago Metro...

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, arranged the sale of a new single-tenant net-lease investment occupied by LA Fitness in an off-market transaction. The property is located in the Chicago metro area in Elmhurst, Illinois.
Taylor Design

Taylor Design Taps Jen Leonard as Strategies Practice Leader

Taylor Design, a solution-oriented architecture, environments and strategies firm, has announced that Jen Leonard has joined the firm as Strategies Practice Leader. In this role, she will focus on bringing her human-centered design experience to Taylor Design collaborating across its Irvine, San Francisco and San Diego offices, and inspiring new ways of approaching design challenges.
Casey Immel

Cypress West Partners Brings Ryan Borzouei on Board as Director of Acquisitions and Casey...

To further support its growth, Cypress West Partners, one of the Western US’ leading owners and operators of healthcare real estate, has added Ryan Borzouei as Director of Asset Management and Acquisitions and Casey Immel as Director of Leasing. The new hires are part of a strategic leadership move to support the firm’s continued growth plans.
SolanaBeach_Beachwalk

CBRE National Retail Partners West Completes $33.25 Million Sale of BeachWalk in Solana Beach

CBRE’s John Read announced that his National Retail Partners – West (NRP-West) team along with Reg Kobzi in CBRE’s San Diego office completed the sale of BeachWalk, a 54,973 square-foot coastal retail center in the city of Solana Beach, Calif. Situated along Highway 101, the property is steps to the Pacific Ocean, walking distance to the Cedros Design District and Amtrak Train Station, and less than a mile from the world famous Del Mar Fairgrounds, site of the Del Mar Racetrack. The sale price was $33.25 million
NAR

Existing-Home Sales Jumped 4.4% in March

Existing-home sales took off in March to their highest pace in over 10 years, and severe supply shortages resulted in the typical home coming off the market significantly faster than in February and a year ago, according to the National Association of Realtors®. Only the West saw a decline in sales activity in March.

Second Century Ventures Announces 2017 REach® Accelerator Class

The National Association of Realtors®’ strategic investment arm, Second Century Ventures, unveiled seven organizations chosen for the 2017 class of REach®, a growth technology accelerator program helping launch companies into the real estate, financial services, banking, home services and insurance industries. The program is focused on providing early-to mid-stage companies with access to NAR’s industry expertise, influence and key relationships as companies are launched into the trillion dollar real estate space
NMHC

Apartment Markets Sluggish in the April NMHC Quarterly Survey

Despite moderate improvements over the first quarter of 2017, all four indexes of the National Multifamily Housing Council’s (NMHC) Quarterly Survey of Apartment Market Conditions remained below the breakeven level of 50. The Market Tightness (41), Sales Volume (30), Equity Financing (42), and Debt Financing (41) all indicated continued softening conditions in apartment markets even as demand for apartment residences remains strong.
Dollar General Avoca IA

The Boulder Group Arranges Sale of Triple Net Lease Dollar General in Iowa

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant new construction Dollar General located at 812 N Walnut Street in Avoca, Iowa for $1,213,220.
Representative photo

Hanley Investment Group Completes Sale of Brand New Single-Tenant Starbucks at Record-Breaking Cap Rate...

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm has completed the sale of a brand-new construction single-tenant corporate Starbucks with a drive-thru located in Bakersfield, Calif. The purchase price of $2.65 million represented a cap rate of 4.09 percent and $1,432 psf. According to CoStar, this sale achieved a record low cap rate for a single-tenant Starbucks in Bakersfield and a record high price per square foot in the city.
Graphiq

FIRST CORELOGIC CLIENT DEPLOYS GRAPHIQ DATA VISUALIZATIONS

CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today announced that Information and Real Estate Services, LLC (IRES) is the first CoreLogic client to make Graphiq data visualizations available to U.S. homebuyers.
Rendering by KTGY Architecture + Planning

COVO, Design-Forward, ‘Small-Lot’ Homes Open in Silver Lake

Planet Home Living has unveiled COVO, a collection of 10 sleek, small-lot homes in the heart of Silver Lake. The community includes a new, fully-furnished model home set to grand open on Saturday, April 22nd and is open “by appointment only” prior to the grand opening.
NAR

Personal Safety Company Guard Llama Scores Deal on ABC’s “Shark Tank”

With an offer of $100,000 from investor Barbara Corcoran, 2015 REach real estate technology accelerator participant and personal safety device company, Guard Llama(link is external), is officially a part of “Shark Tank” television history.
PNC Bank Walker MI

The Boulder Group Arranges Sale of PNC Bank Ground Lease

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant PNC Bank Ground Lease located at 6616 Crossings Drive SE in Walker, Michigan (Grand Rapids MSA) for $1,490,000.
NAR

Affordability, Tight Supply Cause Vacation Home Sales to Plummet in 2016; Investment Sales Climb...

Last year’s strongest pace of home sales in a decade included a sizeable drop in activity from vacation buyers and a jump from individual investors, according to an annual second-home survey released today by the National Association of Realtors®. The survey additionally found that vacation and investment buyers in 2016 were more likely to take out a mortgage and use their property as a short-term rental
John Mosey

Homesnap Now Available To Over 500,000 Agents

Homesnap, which is the public face of the Broker Public Portal (BPP), has surged past the 500,000 agent mark and is now available to agents and their clients in over 50 large and small markets across the country. Since the BPP became operational at the beginning of 2017, many MLSs have signed up to participate in the portal, accelerating the growth of the platform through the first quarter of the year. Already, agents using the app have invited more than 13 million clients to connect with them in Homesnap.
Sleep Number Union Bank Glendale Heights IL

The Boulder Group Arranges Sale of a Target Anchored Strip Center in Glendale Heights,...

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a Target anchored strip center located at 177-179 West Army Trail Road in Glendale Heights, Illinois for $3,301,587.
NAR

Majority of Realtors® Say Clients Interested in Sustainability

Growing consumer interest and demand for greener, more sustainable properties is driving a dialogue between Realtors® and homebuyers and sellers. Over half of Realtors® find that consumers have interest in real estate sustainability issues and practices, according to the National Association of Realtors®’ recent REALTORS® and Sustainability report
Walgreens Victoria, TX

The Boulder Group Arranges Sale of Single Tenant Net Leased Walgreens in Texas

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Walgreens property located at 9005 N Navarro Street in Victoria, Texas for $6,550,000.
NAR

VA Home Loan Program Marked by Strong Underwriting, but Appraisers Raise Concerns

Challenges facing real estate appraisers servicing the Veterans Affairs were under Congress’s microscope this week as the National Association of Realtors® and other industry leaders took to Capitol Hill to hail the continued success of the VA Home Loan Guaranty Program.
McAlister's

Hanley Investment Group Completes Sale of Two Multi-Tenant Pad Transactions in Kansas City Metro...

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm completed the sale of two new construction multi-tenant pad buildings in separate transactions in the Kansas City metro area. The total purchase price for both properties was $5,430,000.
Rand

Better Homes and Gardens Real Estate Rand Realty Launches New Agent Platform

Better Homes and Gardens Real Estate Rand Realty has launched a powerful combination of the latest in agent productivity technology. Agents now have access to the Moxi Engage™ CRM from Moxi Works, which is fully integrated into an advanced automated marketing platform from Imprev, Inc.
Colby_Regent

Brookfield Residential Debuts New Distinctive Home Designs by KTGY Architecture + Planning at Kissing...

International award-winning firm KTGY Architecture + Planning is pleased to announce that KTGY’s new distinctive home designs targeting the needs of today’s discerning active adults were recently unveiled at Kissing Tree in San Marcos, Texas. Kissing Tree is the first baby boomer, master-planned community, for those 55 and better by Brookfield Residential Properties, and the first of its kind in San Marcos. The 3,200-home community is located on 1,332 acres in Central Texas, halfway between San Antonio and Austin in the heart of the Texas Hill Country
Archer Station Chicago

The Boulder Group Arranges Sale of LA Fitness and Ross Anchored Property in Chicago

The Boulder Group, a net leased investment brokerage firm, has completed the sale of Archer Station, a fully leased four tenant shopping center located at 2620-2640 W Pershing Road in Chicago, Illinois for $24,312,811. The property is fully leased to LA Fitness, Ross Dress for Less, AT&T Wireless and Athletico Physical Therapy in a densely populated urban in-fill location with significant barriers to entry
Q1 - 4

The Boulder Group Publishes 1st Quarter Net Lease Market Research Report

The Boulder Group’s Research Department has released a new research report providing comprehensive numbers and analysis of the 1st quarter activity in the National Net Lease Market.
JLL

Raleigh-Durham Surprises as City to Watch

London and Silicon Valley heading up the Global Top 30 on JLL’s 2017 Investment Intensity Index? Not surprising. But Raleigh-Durham, Austin and Denver also making the list? Now that’s interesting. It’s because these smaller powerhouses are punching above their weight in proportion to their local GDP and going head-to-head with highly globalized markets that are traditionally more attractive to investors.
Noid Memphis

JLL Selected to Market Former Bayer Campus in Memphis

Bayer U.S. has hired JLL to market for sale or lease its 43-acre, six building, 1 million-square-foot research and development center in Memphis. “The 43-acre former Bayer Research and Development campus represents an ideal redevelopment opportunity for healthcare corporations and other users seeking well-located sites in and around the Mid-South region,” said Jack Wohrman, SIOR, JLL Vice President.
JLL

Financings Spur Value-Add Investment for Birmingham Apartments

JLL’s Capital Markets experts today announced the firm provided financing for the acquisition of Goodall-Brown Lofts and Fix Play Lofts, two multifamily assets located in Birmingham, Alabama. Highland Real Estate Capital purchased the buildings.
NAR

Pending Home Sales Leap 5.5% in February

Pending home sales rebounded sharply in February to their highest level in nearly a year and second-highest level in over a decade, according to the National Association of Realtors®. All major regions saw a notable hike in contract activity last month.
Lawrence Station_1

SummerHill Housing Group Announces 994-Unit Mixed-use Master Plan Development on 27 Acres Located within...

SummerHill Housing Group, the umbrella organization for SummerHill Homes, an award-winning residential builder, and SummerHill Apartment Communities, an apartment, mixed-use infill rental housing developer, announced today its plans to develop 994 residential units in the 65+/-Lawrence Station Area Plan in Santa Clara, California. Located on nearly 27 acres bounded by Lawrence Expressway, Central Expressway and Kifer Road, SummerHill has named this exciting new development Nuevo.

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USDOJ

Construction Company Officer Sentenced to Prison for Conspiring to Defraud Government

Michelle Cho, an officer of Far East Construction Corporation (Far East) and other construction companies, was sentenced today to six months in prison and 24 months of supervised release on a federal charge of conspiring to commit wire fraud. Cho was also ordered to pay forfeiture in the amount of $169,166 and pay a criminal fine in the amount of $35,000

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DG Delavan, IL

The Boulder Group Arranges Sale of Triple Net Lease 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 710 East 4th Street in Delavan, Illinois for $ $1,211,000. Delavan is part of the Peoria Metropolitan Statistical Area