GlobeSt.com - Net Lease

Why Guardian Is Bullish on Single-Tenant Net Lease

Kelsi Maree Borland, contributor — Wed, 31 Jul 2019 14:00:11 -0400

Single-tenant net lease assets have historically low volatility and offer investors a passive management style.

Office Developers Gear Up for Strong 2022

Kelsi Maree Borland, contributor — Wed, 31 Jul 2019 04:00:11 -0400

While many are expecting a pause in 2020 or 2021, office developers are starting projects today to deliver into what is forecasted to be a strong market in 2022, GlobeSt.com reports EXCLUSIVELY.

The Increasing Value of the Dollar

Jonathan Hipp, contributor — Tue, 30 Jul 2019 09:39:04 -0400

Dollar stores, that is. Brands in this stalwart category of the net lease sector are upping the ante on service, with plans to cash in on the growing trend toward “customer experience.”

Ventas Buys Outpatient Facility for $81M

Erika Morphy, staff — Tue, 30 Jul 2019 09:13:46 -0400

The 125,942-square-foot building is fully occupied by Duke Health.

GSP Secures Financing for Burbank Collection Deal

Kelsi Maree Borland, contributor — Tue, 30 Jul 2019 04:00:39 -0400

In the recent trade of the retail portion of the Burbank Collection, the buyer secured maximum proceeds as the loan was sized to 76.5% of purchase price and 75% of value.

What Will the Cannabis Market Look Like in 12 Months?

Kelsi Maree Borland, contributor — Tue, 30 Jul 2019 04:00:23 -0400

As the industry continues to iron out the regulatory process, investment interest should grow.

CapRock Adds Papago Distribution Center to Phoenix Portfolio

Kelsi Maree Borland, contributor — Tue, 30 Jul 2019 04:00:18 -0400

The industrial investor partners with an institutional client to purchase the 226,000-square-foot distribution center.

South Bay Asset Trades at Record Price

Kelsi Maree Borland, contributor — Tue, 30 Jul 2019 04:00:13 -0400

The Laurel Park Commerce Center sells for $200 per square foot, the highest price in the South Bay market.

BKM Buys Massive Nevada Industrial Property for $111M

Kelsi Maree Borland, contributor — Tue, 30 Jul 2019 04:00:08 -0400

The 13-building property totals nearly 900,000 square feet, making it the firm’s largest acquisition to date.

Landes Group Completes Refinancing of 26 CVS Stores

Lisa Brown, staff — Mon, 29 Jul 2019 17:25:44 -0400

Dallas-based privately held real estate investment firm The Landes Group recently completed the refinancing of 26 CVS stores with a combined asset total valued at more than $48 million.

Phoenix Leads US Job Growth in Second Quarter

Kelsi Maree Borland, contributor — Mon, 29 Jul 2019 14:00:21 -0400

The strong job growth is driving the office vacancy rate down even with new office construction deliveries in Phoenix.

GPI Sheds Burbank Retail Asset

Kelsi Maree Borland, contributor — Mon, 29 Jul 2019 04:00:43 -0400

The investor sheds the retail portion of the Burbank Collection after driving significant value during its ownership.

SoCal Ranks Among Top Markets for Net Lease Investment

Kelsi Maree Borland, contributor — Mon, 29 Jul 2019 04:00:37 -0400

Orange County and Los Angeles both landed in the top 20 markets in the US for net lease investment.

Capital Availability Drives Office Investment Activity

Kelsi Maree Borland, contributor — Mon, 29 Jul 2019 04:00:29 -0400

Office investment has picked up this year thanks in large part to the $200 billion in capital allocated for commercial real estate investment in 2019 alone.

Gov. Baker Proposes $18B Transportation Bond to Fix Roads and Modernize MBTA

John Jordan, staff — Fri, 26 Jul 2019 12:01:17 -0400

The governor’s proposal announced on Thursday would earmark $10.1 billion for MassDOT Highway Division construction projects.

Four Corners Diversifies Out of Restaurant Niche

Lisa Brown, staff — Fri, 26 Jul 2019 11:46:16 -0400

Four Corners Property Trust has signed a definitive agreement for the purchase of 20 additional outparcel properties from Washington Prime Group for a purchase price of approximately $37.8 million.

Harf Named to Lead Stan Johnson’s Chicago Office

John Jordan, staff — Fri, 26 Jul 2019 06:47:50 -0400

Harf joined Stan Johnson Co. of Tulsa, OK in October 2011 and has been focused on the sale of net lease assets, working with some of the nation’s most respected and trusted institutions, private equity managers and merchant developers.

Washington Prime Group Secures $99M in Sale Leasebacks

Erika Morphy, staff — Thu, 25 Jul 2019 07:19:22 -0400

Washington Prime was able to arbitrage the unproductive land component of the properties by securing 30-year capital while still maintaining control, according to CEO Lou Conforti.

Delving into the Discount Dollar Retail Sector

Jonathan Hipp, contributor — Thu, 25 Jul 2019 04:00:45 -0400

To net lease investors, discount dollar stores offer passive cash flow, thanks to long-term leases (averaging 10-15 years) and credit-worthy tenants.

Retail Appetite Picks Up in Inland Empire

Kelsi Maree Borland, contributor — Thu, 25 Jul 2019 04:00:28 -0400

A private investor buys two retail shopping centers for $36 million in a 1031 exchange.

Office Spec Suites Are Becoming a Standard

Kelsi Maree Borland, contributor — Wed, 24 Jul 2019 14:00:11 -0400

KBS is launching a spec suite program as part of the renovation of its Union Bank Plaza in Downtown Los Angeles.

Does L.A. Have Too Much Parking?

Kelsi Maree Borland, contributor — Wed, 24 Jul 2019 04:00:26 -0400

Owners are repurposing excess parking that could be used for a higher-and-better use.

Onex to Sell Jack’s Family Restaurants

Erika Morphy, staff — Tue, 23 Jul 2019 12:08:04 -0400

The Toronto-based Onex Corp. will receive proceeds of approximately $835 million from the sale.

Guardian's First Retail Private Equity Fund Is Focused on Net Lease

Kelsi Maree Borland, contributor — Tue, 23 Jul 2019 04:00:32 -0400

The fund has a target of raising $50 million in equity and will target single-tenant net lease assets.

Appetite Strong But Cautious for Cannabis Real Estate

Kelsi Maree Borland, contributor — Tue, 23 Jul 2019 04:00:28 -0400

With the legalization of cannabis, there is a lot of excitement for new real estate uses, but there are still challenges to investing.

Air Reserve Base Trades Hands in IE

Kelsi Maree Borland, contributor — Tue, 23 Jul 2019 04:00:18 -0400

An industrial development is planned for the 10-acre site at the March Air Reserve Base in the Inland Empire.

Drawbridge’s Strategy is to Acquire Single-Tenant Corporate Assets

Lisa Brown, staff — Mon, 22 Jul 2019 04:00:44 -0400

Rose Orchard has recently been modernized and the tenant mix aligns with the firm’s strategy of acquiring single-tenant corporate properties in key growth markets across the United States.

Colony Capital Sheds Inland Empire Portfolio

Kelsi Maree Borland, contributor — Mon, 22 Jul 2019 04:00:39 -0400

The four asset industrial portfolio trades hands for $105 million to Lincoln Property Co.

Phoenix Office Build Leases Before Ground Breaking

Kelsi Maree Borland, contributor — Mon, 22 Jul 2019 04:00:39 -0400

WageWorks has leased a new class-A office building in Mesa before ground breaking, another sign of the booming demand in the market.

Northwestern Mutual Sells Industrial Complex for $128M

Kelsi Maree Borland, contributor — Mon, 22 Jul 2019 04:00:01 -0400

The Los Alamitos Corporate Center has 17 buildings on a 36.9-acre lot and is 98% leased.

KBS Sells $1.2B Office Portfolio

Kelsi Maree Borland, contributor — Fri, 19 Jul 2019 14:29:16 -0400

KBS REIT III sells 11 assets totaling 3.4 million square feet of class-A office space located in markets throughout the US.

KBS Plans Major Overhaul of Union Bank Plaza in DTLA

Kelsi Maree Borland, contributor — Fri, 19 Jul 2019 04:00:26 -0400

The investor is investing $20 million to update the property and launch and spec suit program.

Canadian Buyer Scoops Ocean Plaza in Huntington Beach

Kelsi Maree Borland, contributor — Thu, 18 Jul 2019 04:00:44 -0400

Onni Group buys the 8.6-acre mixed-use complex for $97.3 million from Decron Properties.

After a Slow Start, Net Lease Market Rebounds in PA, NJ

John Jordan, staff — Wed, 17 Jul 2019 08:11:29 -0400

The completed transactions, most of which were classified as “net lease,” were a mix of restaurants, convenience stores/gas stations, discount stores, veterinary clinics, fitness centers and drug stores, spanning across 12 states, including seven in Pennsylvania and five in New Jersey.

Expect West Coast Warehouse Development to Soar

Kelsi Maree Borland, contributor — Tue, 16 Jul 2019 14:00:47 -0400

The West Coast is leading the nation in warehouse development, and will continue, as long as there isn’t a trade war.

Medical Properties Trust Inks $1.5B Sales Leaseback

Erika Morphy, staff — Tue, 16 Jul 2019 07:31:30 -0400

All together the REIT has entered into definitive agreements with two new operators and completed a transaction with a third new operator involving 24 hospital facilities for a total investment of approximately $1.75 billion.

Sterling Buys Two Melrose Retail Shops

Kelsi Maree Borland, contributor — Tue, 16 Jul 2019 04:00:48 -0400

The firm purchased the two premier single-tenant assets through its third institutional value-add fund.

Is Co-Working Becoming Oversaturated?

Kelsi Maree Borland, contributor — Tue, 16 Jul 2019 04:00:46 -0400

Industry leaders believe that the co-working market is at moderate risk and is becoming oversaturated.

What Fueled JLL’s Acquisition of HFF?

Lisa Brown, staff — Mon, 15 Jul 2019 22:00:15 -0400

In looking at opportunities to grow capital markets, JLL was clear that any target would need to closely align with its culture and strategic vision, and it is confident the acquisition of HFF meets these criteria.

Foreign Appetite for US Net Lease Tops Other Categories

Erika Morphy, staff — Mon, 15 Jul 2019 05:15:50 -0400

Risk aversion is driving demand for this asset category, whose hallmark is the long-term nature of the leases and the credit underpinning the tenants, CBRE’s Will Pike said.

70-Acre Development Site in Mesa Sells

Kelsi Maree Borland, contributor — Mon, 15 Jul 2019 04:00:36 -0400

The buyer plans to build retail, high-density residential, office, medical and hospitality on the site.

Why Longfellow Is Betting on San Diego

Kelsi Maree Borland, contributor — Mon, 15 Jul 2019 04:00:25 -0400

The investor is focused on expanding its life science and office portfolio in the San Diego market.

How Owners Should Prepare for Augmented Reality

Kelsi Maree Borland, contributor — Fri, 12 Jul 2019 14:00:55 -0400

Augmented reality technology is growing quickly, and property owners should be prepared for the changes.

Is it Okay to be Underestimated?

Natalie Dolce, staff — Fri, 12 Jul 2019 04:00:56 -0400

Panelists at GlobeSt. ELITE Woman of Influence conference discuss how they’ve reached their levels of success, share how the industry has changed and impart advice for women of all levels today.

GlobeSt.com Hosts Inaugural Woman of Influence Awards

Natalie Dolce, staff — Thu, 11 Jul 2019 09:53:01 -0400

GlobeSt.com and GlobeSt. Real Estate Forum honor this year’s woman of influence, including newly focused categories, judge’s categories and more here in Broomfield, CO.

Is Your Earthquake Protocol Up to Snuff?

Kelsi Maree Borland, contributor — Thu, 11 Jul 2019 04:00:42 -0400

The recent earthquakes in Southern California has property owners reevaluating earthquake protocol systems.

Recent Fed Reserve Policy Changes Bolstering Net Lease Investment Market

John Jordan, staff — Wed, 10 Jul 2019 07:23:26 -0400

Specifically, the retail sector experienced the greatest cap rate compression by four basis points to 6.23%. Moreover, this was the first quarter of downward cap rate movement for the retail sector following five consecutive quarters of upward movement.

Large Office Leasing Activity Spikes in OC

Kelsi Maree Borland, contributor — Wed, 10 Jul 2019 04:00:41 -0400

Large office lease deals in Orange County increased in the first quarter of the year, reducing the availability of large floor plates.

Warehouse Development Hitting Peak Levels

Kelsi Maree Borland, contributor — Tue, 9 Jul 2019 14:00:42 -0400

Warehouse construction on the West Coast is at it highest levels in decades, and the Inland Empire is leading the region.

Global Net Lease Provides Q2 2019 Updates

Ingrid Tunberg, staff — Tue, 9 Jul 2019 11:39:12 -0400

The company disclosed 64 property dispositions and nine property acquisitions, from the second quarter of 2019.