Category Archives: Commercial Property

Multifamily market optimism prevails despite pandemic disruptions | Allen Matkins

[co-author: Kitty Wallace] Despite the move to the suburbs and falling rental rates, Allen Matkins / UCLA Anderson predicts that panelists in the California commercial real estate survey are optimistic about the next three years in the multi-family housing arena. Rental rates are expected to increase overall faster than the rate of inflation and vacancy […]

The couple behind American Beech and the transformation of Stirling Square

Brent Pelton, left, and Alex Vinash in Stirling Square, the Greenport property they’ve transformed in recent years. (Credit: David Benthal) Generally, it may or may not be true that opposites attract. But that’s certainly true in the case of Greenport couple Brent Pelton and Alex. Vinash. Pelton, the hotelier behind American Beech, and Vinash, a […]

COVID-19 has changed the way banks understand tenant risk

What impact has COVID-19 had on the banking sector? A question that has been explored from every angle over the past fifteen months, since the first global confinement led to a financial crisis. There are so many facets about COVID-19 and banking, some of which have been quite surprising. It has sparked the acceleration of […]

Local business buys office, medical and commercial buildings in Rancho Santa Fe for $ 19.5 million

Part of the Rancho Santa Fe Professional Center, 6002-6 El Tordo. Photo credit: Courtesy of CBRE Real estate firm Gildred Development Company purchased the five-building Rancho Santa Fe Professional Center for $ 19.5 million. The Huntington Hotel Company, located in Irving, Texas, sold the center to the downtown San Diego company. The price is $ […]

What is the virtual space in Commercial Property?

Virtual Space Investment is an investment in non-lockable areas or spaces. Virtual space is as good as any other commercial property like a lockable space. The difference being that the investor / owner receives possession (keys) of a lockable commercial space while in a virtual property the space is registered in the name of the […]

The Horton family and SWART receive the honors of the July construction site

Through [email protected] | at July 18, 2021 Cheryl King | Green Thumb Garden Club (Left): Brenda Carter (far left) and Shirley Grigg (far right) members of the Green Thumb Garden Club of Uvalde present the residential construction of the month honors to Sandra and Benny Horton of 107 E. Campbell Street (right ) to SWART […]

Real business: Olivet International pays $ 14.75 million for the Stribling building in Rogers

A 274,312 square foot industrial property in Rogers recently changed hands for $ 14.75 million. California consumer products supplier Olivet International Inc., through its 1603 N. 35th Street LLC, purchased the 23.3 acre warehouse / office at the same address. It is located east of Interstate 49, near the Sam’s Club development. Magnolia Investments LLC, […]

$ 539 million budget wins switch to Providence for fiscal year 2022

PROVIDENCE – City council gave final approval to Providence’s budget on Thursday night, unanimously passing a $ 539 million spending plan for the new fiscal year that began July 1. The new budget does not increase property taxes and incorporates $ 42 million in assistance the city received through the American Rescue Plan Act, according […]

Developer Hines considers Fort Worth industrial project

Houston-based developer Hines is heading to North Fort Worth for their next Dallas-Fort Worth project. In recent years, Hines has increased its industrial building footprint in North Texas. The commercial real estate company recently sold a large distribution center in southern Dallas County. Hines is now planning a new warehouse project north of Alliance Airport, […]

Carmody law firm moves Stamford offices to city center building

STAMFORD – Carmody Torrance Sandak & Hennessey law firm is relocating local offices to downtown from 707 Summer St. to 1055 Washington Blvd. Carmody signed a “long-term” lease for 19,241 square feet at 1055 Washington, which is a 183,000 square foot property that was sold late last year for $ 24 million. The 10-story office […]