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#Commercial Real Estate

roi-nj.com

Kislak sells Chatham mixed-use property for $2.35M

Kislak Commercial Real Estate Services on Wednesday said it sold a 5,000-square-foot mixed-use retail and office property in Chatham for $2.35 million. That equates to $470 per square foot — the highest paid for a commercial property in Chatham since 2021 and among the highest ever paid there, according to data available from CoStar.
CHATHAM, NJ

Montecito’s Chip Conk Named Key Influencer in Healthcare Real Estate

NASHVILLE, Tenn.--(BUSINESS WIRE)--Dec 8, 2022-- Chip Conk, CEO of Nashville-based Montecito Medical, has been named as a “Key Influencer in Healthcare Real Estate.” This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221208005961/en/ GlobeSt.com Key Influencer Award 2022 (Photo: Business Wire)

Rainbow Realty Completes $3.92M Loan To Ohio Based Cannabis Real Estate Portfolio

Rainbow Realty Group II, LLC and its affiliates closed a senior-secured mortgage cross-collateralized by 5 retail dispensary properties in Ohio. The five properties were approved in the latest round of license applications. There are currently 130 dispensary licenses in the State which legalized medical cannabis in 2018 and has since seen $1.09 billion in total sales.
OHIO STATE

Oshkosh: Under The Radar Recession Trade

Real estate is very likely to continue to soften in 2023. Oshkosh Corporation is heavily dependent on strong construction activity. The world is at the beginning of the most telegraphed recession ever. While it's unclear whether we have a soft landing or hard landing, there are two things that seem pretty likely:
Seekingalpha.com

Alexander & Baldwin: Investing In Hawaii Real Estate

Alexander & Baldwin ("A&B") is a premier commercial real estate company in Hawaii with specialized experience serving the high-barrier-to-entry market. The company has had a good year. Domestic visitation is up, dividends are increasing, and guidance has been raised. Alexander & Baldwin, Inc ("A&B") (NYSE:ALEX) is a premier commercial real...
HAWAII STATE
thecharlotteweekly.com

Providence Group Capital acquires parcel in the Gold District of South End

CHARLOTTE ‐ Providence Group Capital has closed on the acquisition of 1420 South Mint Street in the Gold District of South End. This 1.45‐acre parcel includes 52,000 square feet of existing buildings, which are occupied by retailers and service providers. PGC will continue to lease and manage the property while upgrading and improving the current structures.
CHARLOTTE, NC
constructiondive.com

Construction planning numbers increase for third consecutive month

The Dodge Momentum Index, a benchmark that measures nonresidential building planning, increased 3.8% in November due to a healthy growth in hotel and data center projects, according to the Dodge Construction Network. The index typically leads actual construction spending by 12 months. The November reading follows a 9.6% increase in...
ILLINOIS STATE
villagerpublishing.com

WHAT’S HAPPENING 12-8-22

9:30 a.m. – 3 p.m. Goodson Rec. Center. A variety of handmade items from Colo. artisans. Admission & parking are free. Rec. Center. Crafts & photos with Santa. Beverages & snacks. DEC. 9, Jan. 13 & Feb. 10 5-8 p.m. Goodson Rec. Center. For ages 3-12 for movie nights....
CENTENNIAL, CO
rrobserver.com

Construction underway for Northern Blvd. warehouse

NAI Sun Vista, a commercial real estate company in Albuquerque, is building a new warehouse on Northern Blvd. and Moccasin Dr. near the Rio Rancho Animal Resource Center. “NAI Sun Vista is different by design. Through the deliberate and honorable use of knowledge, integrity and drive, the people at NAI Sun Vista work to create financial independence, community growth and opportunity for clients,” the website says.
ALBUQUERQUE, NM
urbanize.city

L.A. County Supervisors sign off on projects in Willowbrook and East Pasadena

The Charles R. Drew University of Medicine and Science (CDU) is one step closer to building a new home in the unincorporated community of Willowbrook. On Wednesday, the Los Angeles County Board of Supervisors voted to adopt the findings of a mitigated negative declaration compiled for CDU's "New Health Professional Education Building," which would house the school's existing College of Medicine programs and a new four-year medical degree program.
theregistrysf.com

Vacaville Planning Commission Approves 375,000 SQFT Life Science Campus

VACAVILLE, CALIF. – Transwestern Ventures (TWV), in partnership with Transwestern Real Estate Services (TRS), announces that the City of Vacaville’s Planning Commission has approved plans to develop Axiom Point, a 375,000-square-foot, state-of-the-art biomanufacturing campus. The new development will be located on 22.4 acres in Vaca Valley Business Park at the interchange of I-80 and I-505. Axiom Point is the first life science campus to take advantage of the City’s Biotechnology and Advanced Manufacturing Initiative, which boasts a Biotechnology Fast-Track Program committing the City to processing Planning entitlements in 100 days or less.
VACAVILLE, CA
techaiapp.com

Report: Commercial Real Estate Virtual Tours To Be The Norm In The Near Future

The COVID-19 pandemic turned almost all business activities from in-person to remote. Using video conferences, as well as new technologies, such as AR and VR, businesses continued to operate. One of the things that proved extremely effective were the real estate virtual tours, enhanced by AR/VR features. In fact, they were so effective that virtual tours are set to be the norm in the commercial real estate sector in the future.
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