Commercial

While commercial real estate has been steadily recovering in recent years, industry experts expressed concern that prices may have reached a peak during the Commercial Economic Issues and Trends Forum at the 2015

Throughout 2015, the National Association of Realtors® has enhanced and expanded upon its more than a decade old Realtor® Safety program, developing new materials, creating additional resources and providing members with everything they need to feel empowered and confident in their personal safety.

The Federal Aviation Administration continues its work to integrate unmanned aerial systems, also known as drones, into the National Airspace System, and Realtors® stand ready to take advantage of their many benefits.

Sotheby’s International Realty today released its Greater Los Angeles Market Report which revealed Pacific Palisades as the top luxury market ($3 million and higher) with a 94 percent increase in single family home sales in October 2015. Westwood and Cheviot Hills saw the second largest increase in luxury home sales with a 50 percent increase and Beverly Hills Post office followed with a 46 percent increase.

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that Eric Vu and Jeff Hauber completed the sale of a 2,900-square-foot retail building in Orange County for $1.2 million, representing a cap rate of 4.17%.

ARCO / Murray Construction Company is pleased to announce that it has been awarded the construction for the La Chiquita tortilla production and distribution facility located in Orlando, Florida. The 80,000 square foot project will consist of renovating an existing warehouse to accommodate a production area, freezer, cold dock, and office space.

TIAA-CREF, a leading U.S. financial services organization and the nation’s largest manager of U.S. institutional tax-exempt real estate assets*, is selling a 49% interest in six office properties and two land parcels in Miami, forming a joint venture with Allianz Real Estate of America. TIAA-CREF will retain a 51% interest in the properties, located at the Waterford at Blue Lagoon corporate park near Miami International Airport, and serve as the operating partner

Announcement Follows NYCEDC President Maria Torres-Springer’s Speech Identifying Need for 60 Million Square Feet of Commercial Office Space by 2025; Brooklyn Tech Triangle Coalition Report Calling for Additional Commercial Space in Brooklyn’s Tech Triangle

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a two-tenant net leased center located at 418-20 East Rollins Road in Round Lake Beach, IL for $2,163,087

With more than 170,000 SF in development/redevelopment and another 100,000 SF in the pipeline, Meridian is still aggressively pursuing more value-add medical office opportunities throughout California

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net lease Hooters property located at 316 SW Greenville Boulevard in Greenville, NC for $1,500,000. The 4,100 square foot Hooters property is located along the area’s primary thoroughfare which features numerous national retailers including Walmart Supercenter, Target, Kohl’s, Lowe’s, Dick’s Sporting Goods, Best Buy and many others.

While Silicon Valley may be booming with new high-tech start-ups and the coveted jobs associated with them, many in the workforce still lack access to affordable housing that they can call home. Partnering with the City of Mountain View, ROEM Corporation and Eden Housing, took the challenge of converting an older community lacking modern amenities into a community that rivals market-rate housing in design and amenities while achieving the highest USGBC LEED rating, LEED-H Platinum Certification

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

Hanley Investment Group Real Estate Advisors, a nationally-recognized boutique real estate brokerage and advisory firm specializing in retail property sales, announced today that the group is launching its fifth annual Movember campaign to raise funds and awareness for men’s health during the month of November, by growing moustaches and moving. Last year, Hanley Investment Group exceeded its goal and raised $27,000. The group was ranked #39 out of nearly 23,000 teams nationwide (the top 1% in the U.S.) in the fundraising effort. This year, Hanley Investment Group hopes to exceed last year’s amount

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant Family ER + Urgent Care property located at 8200 N MacArthur Boulevard in Irving, TX for $6,154,000.

Miami has evolved into one of the world’s top places for commercial real estate investment, and the area’s population boom, tourist growth, and infrastructure improvements should only lead to more expansion, a prestigious panel of speakers said at the 15th annual Commercial Super Conference hosted by the Realtors Commercial Alliance

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant triple net leased CVS property located at 5920 West Park Boulevard in Plano, Texas for $10,202,589. This trophy property was sold at a 4.82% cap rate which is the lowest cap rate for a drug store property sold in 2015 outside of California according to Real Capital Analytics

The commercial real estate industry is increasingly focused on the needs of small firms employing fewer than 50 people where job growth is outpacing larger firms by nearly five to one, according toEmerging Trends in Real Estate® 2016, co-published by PwC US and the Urban Land Institute (ULI).

he Realtors Commercial Alliance of the MIAMI Association of Realtors (RCA MIAMI) will present its 15th annual Commercial Super Conference on Friday. More than 20 respected speakers will discuss how Miami has become a global destination for real estate investment and development.

CBRE Executive Vice Presidents Philip D. Voorhees and Todd Goodman announced today their National Retail Investment Group – West (NRIG-West) team, together with Mike Moser of Retail Insite, completed the sale of Scripps Ranch Marketplace Phase II, a 28,700-square-foot shopping center in San Diego, Calif. The property is shadow anchored by a Vons and CVS/pharmacy (both were not part of the sale), along with Chase, Verizon, Which Wich and a synergistic line-up of local retail favorites. The sale price was $20.45 million, representing a 5.0% cap rate