Investing

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant Family Dollar property located at 12610 South Ashland Avenue in Calumet Park, IL for $857,500.

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 has raised awareness and critical funds for men’s health in November, one moustache at a time. Hanley Investment Group raised $35,000 for The Movember Foundation, surpassing what the group raised last year.

Whether your company is expanding or you’re nearing the end of your lease, relocating can be a lot of work on a business. Once you’ve found the new location for your office space, you must diligently come up with a plan of action for the day of the move. While you may not have thought of planning for the move, it is imperative to saving your business time and money.

Congressman Jim McGovern (D-MA) and Senator Edward J. Markey (D-MA) announced that Massachusetts has been awarded $63.7 million by the Environmental Protection Agency (EPA) to help finance improvements to water projects that are essential to protecting public health and the environment. The funds will be primarily used to upgrade sewage plants and drinking water systems, as well as replacing aging infrastructure, throughout the state.

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Walgreens property located at 4300 Highway 17 South in North Myrtle Beach, South Carolina for $5,015,000.

Dekel Capital, a Los Angeles-based real estate merchant bank that specializes in sourcing and placing equity and debt for active middle market commercial real estate developers and investors, has placed $50 million in financing for the construction and development of the Pinnacle Sandy Apartments in the southeast corridor of the Salt Lake City metropolitan area. The deal was structured as a $36.1 million construction loan through Dekel Capital’s advisory practice and $13.9 million JV-Equity funded by the firm’s proprietary equity fund, Dekel Strategic Investors (DSI)

The Regis Houze, the first project of the Capital Impact Partners-managed Woodward Corridor Investment Fund (WCIF), held its ribbon-cutting ceremony today in a prime location just off Woodward Avenue in the New Center area of Detroit.

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%.

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

This week the U.S. Department of Agriculture’s Natural Resource Conservation Service announced that over the next four years they will invest $5.3 million in projects on the Kickapoo River.

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

U.S. Senators Susan Collins, Chairman of the Transportation, Housing and Urban Development Appropriations Subcommittee, and Angus King announced today that the United States Department of Agriculture (USDA) has awarded two Housing Preservation Grants to Penquis Community Action Program Inc. (Penquis CAP) and Western Maine Community Action (WMCA) to support housing rehabilitation projects in Franklin, Penobscot, Piscataquis, Knox, and Waldo Counties

A newly designed website now makes the Community Investment Tax Credit program more accessible to individuals and businesses who want to contribute to revitalization projects in Maryland neighborhoods.

Representatives Chellie Pingree and Bruce Poliquin said today that 14 small businesses in rural Maine will be getting $1.7 million in USDA funding to invest in efficiency and clean energy projects. The grants, through the USDA's Rural Energy for America Program (REAP), fund projects like solar panels, anaerobic digesters to create electricity from waste, and thermal conversion systems

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 Overseas Private Investment Corporation (OPIC), the U.S. Government’s Development Finance Institution, today signed an agreement recognizing a $15 million commitment by OPIC to finance Txtlight Power Solutions, Ltd. doing business as Nova-Lumos (Lumos), an off-grid electricity provider, to scale up a business that provides solar electricity to homes and small business throughout Nigeria. The signing was part of Secretary John Kerry’s Climate and Clean Energy Investment Forum.

As part of Secretary John Kerry’s Climate and Clean Energy Investment Forum, the Overseas Private Investment Corporation (OPIC) today signed an agreement with U.S. based energy developer SolarReserve and Saudi Arabia-based ACWA Power, recognizing OPIC’s $400 million commitment of debt financing to support the development of the Redstone Concentrating Solar Power (CSP) project in Northern Cape, South Africa.

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

Congressman John K. Delaney (MD-6) wrote to House Transportation & Infrastructure Chairman Bill Shuster Thursday, urging him to increase baseline funding levels in the next highway bill. The Transportation & Infrastructure Committee is expected to markup a new highway bill next week. In his letter, Delaney wrote, “Instead of continuing our glide path to a third-world infrastructure, our next highway bill should reverse course and start our infrastructure comeback. A meaningful increase in our infrastructure investment will create millions of jobs and help our businesses stay competitive in the global economy.”