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dawso67 · 14 days ago

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Warehouse Space for Lease in Denver- The Perfect Fit for Your Business

Denver is a thriving hub for businesses of all sizes, making it a prime location for those looking to lease Denver warehouse space. Whether you're an established enterprise seeking to expand operations or a growing startup in need of reliable storage, Denver offers a range of warehouse leasing options designed to meet your needs.

Why Choose Denver for Your Warehouse Needs?

Denver’s strategic location at the heart of the United States makes it an ideal logistics and distribution center. With access to major highways, railroads, and Denver International Airport, businesses can efficiently transport goods across the country and beyond. The city’s robust economy, skilled workforce, and supportive business environment make it an attractive destination for companies in various industries.

Features to Look for in a Warehouse Space

When searching for warehouse space in Denver, it’s essential to identify your business needs and prioritize features that align with your operations. Here are some key aspects to consider:

Location: Proximity to transportation hubs, major roads, and your target market can significantly impact your business efficiency. Popular industrial areas in Denver include the Denver Tech Center, Stapleton, and the River North Art District (RiNo).

Square Footage: Ensure the warehouse offers adequate space for your current inventory and future growth. Spaces in Denver range from small units of 1,000 square feet to expansive facilities exceeding 100,000 square feet.

Amenities and Features: Look for high ceilings, loading docks, climate control, and advanced security systems. Modern warehouse facilities may also offer office space, break rooms, and flexible layouts to suit your needs.

Lease Terms: Evaluate the flexibility of lease agreements, including options for short-term and long-term leases. Negotiating favorable terms can save you significant costs in the long run.

Benefits of Leasing Warehouse Space in Denver

Leasing a warehouse in Denver comes with numerous advantages:

Scalability: Leasing allows you to scale your storage needs up or down as your business evolves, providing greater flexibility than owning a property.

Cost-Effectiveness: Avoid the upfront costs and maintenance responsibilities associated with owning a warehouse. This frees up capital for other critical business investments.

Access to Modern Facilities: Many warehouse properties in Denver are equipped with state-of-the-art technology and infrastructure, ensuring smooth operations.

Popular Areas for Warehouse Leasing in Denver

Some of the top neighborhoods for warehouse leasing in Denver include:

Northeast Denver: Known for its proximity to Denver International Airport and major highways, this area is ideal for logistics and distribution businesses.

Central Denver: For businesses that prioritize accessibility to the downtown area, Central Denver offers excellent options with urban convenience.

Aurora and Commerce City: Located on the outskirts of Denver, these areas provide larger warehouse facilities at competitive rates.

Tips for Securing the Right Warehouse Space

Work with a Commercial Real Estate Agent: An experienced agent can help you navigate the leasing process and find a space that meets your budget and needs.

Inspect the Property: Always visit the site to assess its condition, layout, and compatibility with your business operations.

Understand Zoning Laws: Ensure the warehouse complies with local zoning regulations for your intended use.

Conclusion

Denver warehouse space for lease is a strategic move for businesses seeking a competitive edge in logistics, storage, and distribution. With its central location, diverse leasing options, and business-friendly atmosphere, Denver is the perfect place to grow and streamline your operations. Explore the available spaces today and find the warehouse that will take your business to new heights.

#Denver warehouse space for lease

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rabbitcruiser · 2 years ago

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16th Street Mall, Denver (No. 6)

Shaped like a cube and facing the 16th Street Mall south of the Wazee intersection, this historic building was built to house Charles Boettcher’s newly formed Great Western Sugar Company after a merger of six Colorado sugar producers created the cooperative. The front portion of the building is clad in buff brick and housed the company’s offices while the rear of the building, made of darker brick, acted as a warehouse. The company grew quickly and added two stories to the office building just six years after its completion and two stories to the warehouse four years after that.

The Historic Sugar Building is Denver’s earliest example of famous American Architect Louis Sullivan’s Sullivanesque style.With its vertical window bands, distinctive three-part organization (top, middle and bottom) and its ornamentation in geometric and stylized foliage forms, it possess the hallmarks of the movement.

The front façade has pavilion-like end bays and is complemented with corbelled brick pilaster capitals, drop pendants and foliate forms, similar to the roundels of the cornice. The main entrance stands centered in the northeast, under a terra cotta “Sugar Building” sign. The additions blend with the original building in style, and in the window arrangement. On the Wazee side of the building, there are three bays and the ornamentation matches that of the 16th Street side of the building. Notably, this building houses an old Otis birdcage elevator that is one of the few of its kind still in use in the western United States.

Behind the Sugar Building and facing Wazee Street one finds the recently completed SugarSquare project by developer Urban Villages. Conceived as an addition to the Historic Sugar Building, SugarSquare fills in a long standing gap in Denver’s urban fabric with a distinctly modern building that respects the context and rhythm of the historic Wazee streetscape. At four stories above grade, SugarSquare provides a transition between the six-story Historic Sugar Building and the adjacent two-story buildings along Wazee Street.

SugarSquare is clad in blackened stainless-steel panels with a highly transparent glass and steel storefront that celebrates and frames the historic brick walls of the Historic Sugar Building. Sugar Square functions as a private entrance for a tenant who has leased several floors in the Historic Sugar Building. Spaces in the Historic Sugar building flow freely into SugarSquare, significantly increasing the floor plate size of Historic Sugar.

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orson-hill-realty-blog · 2 months ago

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#Colorado #Denver #RealEstateAgents

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dotcomlandlords · 6 years ago

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Commercial real estate developers say they have never seen a change so swift in so many places at once. From Monterey, Calif., to Portland, Me., the new industry is reshaping once-blighted neighborhoods and sending property values soaring. In some Denver neighborhoods, the average asking lease price for warehouse space jumped by more than 50 percent from 2010 to 2015, according to an industry report. In the city over all, there are five times as many retail pot stores as stand-alone Starbucks shops. Wall Street is even cashing in. A few months ago, a real estate investment trust focused on leasing out warehouse space to growers started trading on the New York Stock Exchange. The sharp rise in property prices follows the booming market for legal marijuana. Sales of legal cannabis reached $6.7 billion in the United States last year, and are expected to top $20 billion by 2021, according to Acrview Market Research. ******************************************* How do Instagram entrepreneurs in the real estate business miss the BIGGEST OPPORTUNITY IN HISTORY TO CAPITALIZE OFF OF A MULTI BILLION DOLLAR MARIJUANA INDUSTRY BY "LIKING" PICTURES OF THE NAMES OF MILLION DOLLAR BUSINESS DOMAINS?🤔 WHAT ARE YOU THINKING ABOUT AFTER YOU LIKE THIS ARTICLE? DO YOU LOOK AT THE DOMAINS WE ADVERTISE AFTERWARDS? DO YOU CALL ANY FAMILY MEMBERS, FRIENDS, CO-WORKERS, OR PEOPLE INTERESTED IN INVESTING IN CANNABIS? HAVE YOU EVEN REACHED OUT TO US TO DISCUSS POSSIBLY SECURING A BUSINESS DOMAIN? WHAT IS YOUR HIGH Q? #business #womeninbusiness #smallbusiness #businessman #businesswoman #businesswomen #beautiful #womengrow #cannabiscommunity #instagood #realtorlife #realestate #startup #invest #propertymanagement #girlboss #investment #realty #entrepreneur #landlord #broker #entrepreneurship #entrepreneurlife #realestateagent #love #beastmode #forbes #socialmedia #property #domainrentals https://www.instagram.com/p/BpUoxRvFMe0/?utm_source=ig_tumblr_share&igshid=12dwn1b8vkdov

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reprofessionals · 3 years ago

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Get To Know Commercial Real Estate In Denver

Commercial real estate in Denver market has grown to become a robust and thriving industry because of the many opportunities that exist here to invest in the future of this great city. With so many business startups, relocations, and other business transactions happening at any given time, it can be hard to keep track of everything that was going on in the world of real estate investing, but we can help you navigate your way through all the various ways that you can invest and rent out commercial property in Denver and beyond.

Commercial real estate

Commercial real estate in Denver scene has an eclectic mix of new construction and buildings years or even decades old. From high-rise buildings, office complexes, big-box retail, light industrial warehouse spaces, hotels, residential apartments/condos… you name it… there is some sort of property available for lease. Having properties under management (both owned and leased) is important when evaluating property investment returns. The more diversified your holdings are across property types and locations, increases your ability to manage risk throughout your portfolio, which can lead to higher overall returns over time. And with each holding type comes different metrics to consider. For example, commercial debt finance service coverage ratios tend to be lower than typical residential mortgage debt service ratios. After all, they are generally held at a lower leverage level—which is good for investors because they need less cash flow per unit to make their loan payments each month. And because commercial debt can typically be used on both older and newer property types, there’s also the benefit of depreciation recapture, which provides capital value growth via free cash flow. Bottom line: if you invest wisely in commercial real estate, you have potential upside because it is considered a long-term asset class versus other investment options.

Denver commercial real estate services

Commercial Real Estate services can be a bit intimidating if you don’tdon’t have a good grasp of what they entail. However, it’s worth knowing that commercialreal estate services can help take a lot of financial and logistical burdens off your plate as a small business owner. Commercial real estate in Denver , or CRE, is any property designed for use by businesses. It includes buildings used for office space as well as parking lots and warehouses. To better understand how CRE will benefit your company, read on about three different commercial properties available in downtown Denver: The Pavilions @ City Park, Market Station Parking Garage, and Thornton Place.

How commercial real estate works

At its core, commercial real estate is all about renting outbuildings. When you own a building that houses, say, a retail store or an office, you are that building’sbuilding’s landlord. You agree with another party—the tenant—to permit them to occupy your property for an agreed-upon amount of time (typically one year). The tenant typically pays rent each month—this is known as ground rent or lease income. The more ground rent you collect each month, the better off your business will be financial. Ground rent isn’t guaranteed by any stretch of the imagination, though; if it turns out no one wants to lease your property at all, you won’t make any money. That’s why commercial real estate investors tend to diversify their holdings across multiple properties and projects. Then, even if they lose on one deal, they can recoup their losses from others. Another key component of commercial real estate is capitalization rate—or cap rate for short. This metric tells you how much value a building creates over and above its total cost. Commercial property owners want to generate high cap rates to enjoy higher profits on their investments than they would otherwise get on straight cash flow.

Types of commercial real estate services

Location is important, but so is square footage and the building’s age. Several types of commercial properties are available for lease or purchase, including retail, industrial, office, medical, and multi-family. Commercial buildings serve many functions—sometimes several at once—and no one type fits every business owner. Commercial Realtors specializing in commercial property can help analyze your needs and find just what you’re looking for. If you’re looking for someone to teach you about the different types of commercial real estate services Denver has to offer, then get in touch with us today! We’llWe’ll make sure that when it comes time for you to buy or sell commercial property, you won’t be left without options. Here at Westwood Commercial Realty, we specialize in commercial real estate in Denver. We want our clients to be educated on their commercial property investment decisions, which is why we provide them with valuable information like how commercial space works and things to consider before renting or buying a building. Feel free to give us a call today if you have any questions about commercial real estate Denver, leasing versus buying commercial space, or want to set up an appointment with one of our expert commercial Realtors. You don’tdon’t need an agent referral (although some owners do require one) to contact Westwood Commercial Real Estate. All you need is knowledge of commercial properties and experience working within your budget; we take care of everything else. Our goal is not only to guide through all aspects of buying or selling a commercial property but also to protect client’sclient’s interests during negotiations by representing their best interests first and foremost throughout each transaction.

Address - 10200 E. Girard Ave Suite B-230 Denver, CO 80231

Email - [email protected]

Phone - (720) 458-4044

Fax - 720-294-0333

Website - RE Professionals

Blog - Get To Know Commercial Real Estate In Denver

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green-growth-investments · 8 years ago

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Cannabis Real Estate Draws Investors as Prices Surge

The hot topic at the Institutional Cannabis & Capital Conference in San Jose this week was real estate. While institutional investors are unlikely to invest directly in cannabis production or sale given federal illegality and are somewhat averse to investing in companies operating to support the industry, it was clear that owning real estate and leasing it to operators in the industry is gaining appeal with this group.

The New York Times today ran a story about how demand for industrial warehouses from cannabis cultivators is fueling a boom in real estate across the country, driven by the premium to be earned by landlords willing to serve the industry:

Last year’s NYSE IPO by cannabis REIT Innovative Industrial Properties (NYSE: IIPR) was perhaps a tipping point. Not surprisingly, CEO Paul Smothers was in attendance along with several others who are building portfolios of real estate leased to cannabis operators, including George Stone and Potter Polk of Kalyx Development, who are rumored to be considering going public. Stone, who is a seasoned investor, was quoted in the article:

There’s capital that is starting to stack up on the sidelines. They’re looking for how to participate, and they’re looking for institutional-grade projects.

george-stone-kalyxGeorge Stone, CEO of Kalyx Development

The article discusses the large capital investment required, the legal risk assumed and the potential of the market being oversupplied down the road that could push prices lower. Still, many are excited by the above-market rents to be earned in the foreseeable future.

If you have never toured a medical cannabis production and dispensing facility, this one minute video included in the write-up will give you a good sense of what a $50,000 dollar a day business looks like.

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arplis · 5 years ago

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Arplis - News: What Is a Single-Family Home? Inside the Dwelling of the American Dream

If youve imagined owning a house, chances are youve pictured a single-family home, even if you havent called it that. A lot of us sketched these types of homes as kids: a square for the building, a rectangle for the door, a triangle roof, and a few windows, and a chimney in front of a bright blue sky.

As a prospective homeowner, youll see the term single-family home in real estate listings and mortgage applications. For instance, there were 6 million housing units sold in 2019, including new and existing single-family homes, condominiums, and co-ops.

But what sets the single-family home apart? For one thing, itsset apart! A single-family home is generally a freestanding structure not attached to or sharing utilities with another housing unit, says real estate agent Michele Friedler, a longtime real estate agent serving the Boston, Cambridge, and Brookline areas in Massachusetts.

Whether its colonial or modern, one or more stories, with a two-car garage or a backyard swimming pool, a single-family home is a specific type of construction. Yet for many buyers, it symbolizes the American Dream.

Lets explore more about single-family homes and whether this type of home is right for you.

Single-family homes: The suburban American boom

The popularity of the single-family home dovetails with the growth of suburban America. In the San Fernando Valley before the 1920s, for instance, no running water or electricity meant housing scattered among regional hamlets and large ranches, according to the Los Angeles Daily News.

Single-family homes in the area in this case, two-bedroom tract cottages with garages, driveways, and yards for barbecues began to boom during World War II and the following years as the new Federal Housing Administration encouraged homeownership, the Los Angeles Daily News states.

A single-family home is a type of construction, which in turn ties into zoning laws and land use. According to the U.S. Census Bureau, single-family housing units can be standalone houses or semi-attached, side-by-side structures such as duplexes, townhouses, or row houses. But all must have these characteristics:

A ground-to-roof wall

A separate heating system

Individual meters for public utilities

No units located above or below

If each individual unit within a building does not meet all these conditions, the building is considered multifamily housing, the Census Bureau says.

A condominium, by comparison, is a unit in a multifamily building with specific ownership parameters: each resident owns the interior walls of a particular unit and has joint or common ownership of common areas, such as the lobby and elevator, or any amenities, such as a gym.

Known for being spacious (and becoming more so)

Single-family homes can vary in size, although these homes have grown larger over the years. The median size of a new single-family house completed in 2018 was 2,386 square feet, compared to 2,000 square feet in 1998 and 1,595 square feet in 1980, Census data shows.

Zoning laws indicate where youll find the single-family houses in your area. Only about 1% of the residential properties in Manhattan are single-family homes, for instance, according to one analysis from ATTOM Data Solutions, a national property data warehouse. Compare that with the other density of single-family housing in these cities from ATTOMs analysis:

14% in Boston

20% in Brooklyn

29% in Washington, D.C.

37% in Chicago

49% in San Francisco

51% in Miami

57% in Los Angeles

67% in Denver

69% in Seattle

70% in Austin

81% in Portland

Source: (trekandshoot / Shutterstock.com)

The pros of single-family homeownership

A single-family home appeals to buyers who want pride of ownership and a certain amount of freedom. One can be completely deeded separately, where you own the deed and the rights to that property from the sky to the ground below you, Friedler says.

This bundle of rights includes the right to sell, lease, encumber, use, enjoy, exclude, and devise by will, according to The Language of Real Estate. In other words, you could buy a single-family home and bequeath it to someone or lease it as investment property.

Other perks of owning a single-family home include:

Privacy

Because the definition of a single-family home states how individual it is in terms of its utilities and the absence of any units above or below, a single-family home is ideal for people who prefer privacy. While you always have a chance of encountering a noisy neighbor, you live with substantially less noise when you dont have housing directly over or under your own living space (raucous relatives notwithstanding).

Space

A single-family home gives residents more elbow room, indoors and outdoors. Of the 840,000 single-family homes completed in 2018, 45% had four or more bedrooms and 36% had three or more bathrooms, according to new construction data. Compare that with the 345,000 multifamily units completed that year, where just 10% had three or more bedrooms.

A single-family home also has a yard thats yours alone, even if its small. You can install a swimming pool, a swing set, or even a fire pit if your municipality allows, and you wont have to share it with your neighbors. Builders often include outdoor features as selling points: of the newly built single-family homes completed in 2018, 32% had a patio and a porch.

Freedom for your own tastes

Perhaps the biggest perk of owning your own home is that you can exercise your own taste and style, right down to the doorknobs. For somebody who wants to be free to do whatever they want in terms of renovations or styles, paint colors, or landscaping, they may choose to be in a single-family home because theres less restriction, Friedler says.

Of course, you cant violate any local codes or zoning requirements. Also, if your single-family home falls under the governance of a homeowners association (HOA) in your neighborhood or housing development, youll also have to abide by the HOAs rules, at least as far as outdoor decor. But homeownership does provide more flexibility in general.

Source: (united photo studio / Shutterstock.com)

Some drawbacks of the single-family home: Responsibility and accessibility

There are some cons to owning a single-family home, which tend to boil down to all that space. Your home may be your castle, but because its yours, youre on the hook for whatever happens to it.

Maintenance

An HOA takes care of a communitys shared property (like a recreation center swimming pool or golf course). But even within that type of arrangement, homeowners are responsible for the upkeep of their own houses and yards. Depending on where you live, that could include not only mowing the lawn and raking leaves but perhaps shoveling snow on the driveway, front walk, and sidewalk.

As a homeowner, you also need to keep a maintenance budget for repairs to the exterior, such as the roof; systems such as the heating, ventilation, and air conditioning unit; and major appliances, such as a refrigerator or washing machine; plus any emergencies, like a downed tree in the yard.

Navigation

If you or a family member has a disability, or if you find stairs tougher to manage as you age, a single-family home may not be right for you unless its only one story.

In the Boston area, Friedler says she notices a number of Baby Boomers who want to sell the houses where they raised their families and move to a condominium or smaller housing closer to the city, where they have more amenities and easier access to shopping and activities.

Not as affordable

The median existing price of a single-family home in November 2019 was $274,000, an increase of 5.4% from a year earlier, the National Association of Realtors said. Assuming a 3% down payment and a 28% maximum mortgage-to-income ratio, one analysis shows that median home prices for the fourth quarter of 2019 were unaffordable for the average wage earner (someone earning $1,095 a week) in 71% of nearly 500 counties nationwide.

The most affordable counties for homeownership, according to an analysis from 24/7 Wall St., include:

Baltimore City County, Maryland

Bibb County, Georgia

Clayton County, Georgia

Peoria County, Illinois

Wayne County, Michigan

The 25 least-affordable counties to buy a house in the United States all fall within four states: New York, California, Massachusetts, and Hawaii, this analysis shows.

In general, a housing unit like a condominium is more affordable than a single-family home, Friedler adds, but that can vary based on other factors. For parts of the area that I service, we have some condominiums that actually cost more than single-family homes, but thats because of other aspects of the location in terms of convenience to the business district and public transportation, she says.

In short, a single-family home appeals to buyers who want a certain amount of space, decorating freedom, and a suburban lifestyle, but there might be options out there that you dont realize your area has. Talk to your real estate agent about the features you want the most and what best fits your price range to find the type of home that suits your dreams.

Header image source: (Scott Webb / Unsplash.com)

Arplis - News source http://feedproxy.google.com/~r/Arplis-News/~3/nMW7_IzXP8I/what-is-a-single-family-home-inside-the-dwelling-of-the-american-dream

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marykwashington · 5 years ago

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Helpful Tips On Investing On Commercial Real Estate

In many countries, individuals and corporate bodies have taken to the use of buildings or lands to generate profit either for capital gain or rental income. Some even go as far as using residential property containing more than a certain number of units as commercial real estate for borrowing and tax property.

Commercial properties cut across a wide range of buildings and property ranging from office buildings, medical centers, hotels, restaurants, malls, retail stores, farmlands, warehouses, garages, etc. These units can also be called income property or investment and the main aim of this business investment is to generate profit. Most often, this property is leased out to individuals, business owners and companies to conduct business for an agreed stipulated period of time. These commercial real estate loans in Denver can run from one year to ten years or more, with office and retail space typically averaging between five years and ten years lease with different level of responsibilities from the landlord and the tenants with cases of the tenants paying for property rents, taxes, insurance, and maintenance.

Of course, keeping a commercial real estate on an ongoing basis is the goal of every investor and that is why there must be a balance between maximizing property rent and minimizing vacancies and tenant turnover. Commercial real estate provides income as well as some capital appreciation for investors. Although, investing in commercial real estate require more funds from investors than that of a residential real estate. This commercial real estate loans in Denver for better clarification is commonly divided into five categories;

Office buildings: This group of the property comprises of small professional office buildings, single-tenant property and downtown skyscraper.

Restaurant/Retail: Regional and outlet malls, small neighborhood shopping centers, large centers with grocery stores, single-tenant retail buildings, shops all fall under this category of commercial property.

Health care: In this category of commercial real estate, we would found medical centers, hospitals, and nursing homes as an example.

Leisure: This includes units like sport facilities, hotels, cafes, public houses, restaurants and other subunits where one can relax and enjoy himself/herself.

Multifamily: This category includes apartment complexes or multi-family housing buildings.

The ability to analyze Cash inflows, cash outflows, the timing of cash flow and risk is key in having a successful commercial real estate. Every investor must be able to properly detect and outline their down payment, mortgage payment, operating expenses and taxes and capital expenses in order to project a period of positive and negative cash flows. Apart from the rent paid by the occupant of this leased property, cash can flow to the investor through other means like tax benefits, tax credit, depreciation, operating expense recoveries and other minor fees.

The involvement in commercial real estate is an edge against the stock market and it is a high yielding source of income. Commercial real estate also offers the potential for capital appreciation as long as the property is well maintained and kept up to date. In addition to this, it has a stable cash flow from a long term tenant that gives the commercial real estate holder a considerable amount of cash flow stability.

The requirement of commercial real estate loans in Denver, however, varies with countries, industries, size, and many other factors. There are also rules and regulations that are being set aside to guide the commercial real estate business. It is also believed that real estate is among the more illiquid of asset classes, the transaction of commercial buildings that moves every slowly. Commercial real estate is all about making use of any nonresidential property for business activities.

#commercial real estate #loan

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designcompanys-blog · 6 years ago

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The Pain of Buy Real Marijuana Online

It's true, you can get real marijuana with direct mail order and quick delivery to your dwelling mail order weed online. It's now feasible to order your health care cannabis online and get it delivered by mail. It's now feasible to buy your healthcare cannabis online and get it delivered by mail, register online, then create the payment through the site and have your weed mail delivered to your residence!

After going to the crowd of sites, one gets frustrated to locate an actual weed shop to acquire a premium quality product at an affordable price. Because there are lots of distinct forms of marijuana goods, warehouse facilities can be retrofitted to fulfill the requirements of manufacturers. Fantastic prices, terrific strains, lists updated constantly, good communication.

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Marijuana Real Estate Real estate has ever been an intelligent career move, especially when it pertains to business real estate. A few growers wish to conduct business with me because I have a checking account, since they can take their money in various avenues easier, Roberts explained.

If you want to start your own lawn care organization, you need to absolutely think about purchasing rodents by Echo. It is going to hurt their odds to ever sell the property, even supposing it's remediated, and it will greatly alter the value of the house. You're ready to decide on the one which is appropriate for your yard the ideal.

In 2018, you are going to observe these marijuana guys become hit with some pretty massive rent increases. What's happening, she stated, is that people are merely searching for options beyond Denver. It appears that almost all of these folks would rather lease a number of the smaller, hard-to-rent spaces so as to get more control over remodeling and design plans.

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charlesccastill · 6 years ago

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Northstar Commercial Partners Continues to Expand in Senior Care, Announcing Purchase of Assisted Living Home in California

DENVER— Northstar Commercial Partners announced their purchase of Vista Gardens, a senior living facility based in Vista, California, San Diego County for $22.8 million. Built in 2011, the ±43,996 SF facility has 99 beds, comprised of both private and semi-private rooms, with tenant occupancy at 94%.

The living space is just a few miles from the Pacific Ocean and is surrounded by 4.5 acres of gardens and walking grounds. Northstar is partnering with Guest Services Senior Living, who will renovate and rebrand Vista Gardens, as well as manage leasing and operations for the property.

“The vision for this community and its space is remarkable,” Brian Watson, founder and CEO of Northstar Commercial Partners said. “We are thrilled for the opportunity to help provide quality care for so many seniors and grateful to share this partnership with Guest Services Senior Living. They have phenomenal insight and experience in creating spaces that are fresh, innovative, and inviting.”

Vista Gardens’ amenities for its residents include private dining spaces to visit with family, entertaining and educational classes, an intergenerational recreation area, an outside garden to plant fruits and vegetables, and a library named after Ronald Reagan, including remembrances of Reagan, and a full collection of books. The facility is positioned with direct access to over 25 major hospitals in the area, with Tri-City Medical center being less than 5 miles away.

“10,000 Americans are turning 65 every day, and we’re excited to continue working within the senior care space to facilitate the need for infrastructure,” concluded Watson. “Vista Gardens is a great asset with strong upside. I think the surrounding communities will benefit from the excellent care for their seniors, as well as the jobs and opportunities Vista Gardens will continue to bring.”

This is Northstar’s fifth senior care facility, with similar assets owned in Colorado, New Mexico, Illinois, and Michigan.

Northstar Commercial Partners specializes in buying vacant, distressed, value-add, and income generating commercial real estate assets throughout the United States, in order to help stabilize properties, and create jobs and opportunities for thousands of people. Since Brian Watson founded the company in 2000, Northstar has closed more than 139 deals, and currently has 47 retail, office, industrial/warehouse, medical, senior care, data centers, and day care facilities in 17 states under its investment, development, and management. The portfolio exceeds over $1.35 billion of market value.

from boston condos ford realtor https://bostonrealestatetimes.com/northstar-commercial-partners-continues-to-expand-in-senior-care-announcing-purchase-of-assisted-living-home-in-california/

#boston #condos #boston condos #boston luxury condo #boston condominium #boston rentals #boston condo

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brigantinenew · 6 years ago

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Retail Trade Challenges and Opportunities in 2019

E-commerce continues to challenge brick-and-mortar retailers, especially department stores and sporting goods, hobby, book, and music stores. However, the retail trade sector is still facing bright prospects in growing metro areas that are attracting people, jobs, and housing. The trend towards integration of online and offline shopping, mixed-use commercial/residential development that requires a strong retail anchor, and the tax incentives for Opportunity Zone projects are factors that will support the growth of brick-and-mortar retail stores in 2019.

E-Commerce and Retail Trade Trends in 2018

In 2018, electronic and mail order sales totaled $598 billion, or 12.7 percent of the $5.3 trillion in total retail sales in 2018, up from a mere four percent of the market in 1992.[1] Electronic shopping & mail order sales outpaced warehouse clubs and super store sales ($481 billion) and department store sales ($149 billion). Department store (excluding leased space) retail sales (think Sears, JC Penny, Marshall Field’s, Filene’s Basement, and the like[2]) have shrunk since 2000 from $231 billion to just $149 billion by 2018. Warehouse clubs and super stores (think Sam’s Club/Walmart, Costco, BJ’s) sales have risen robustly along with e-commerce sales since 2000, but sales have been overtaken by e-commerce sales since 2016.

Department stores (excluding leased departments) and sporting goods, hobby, book, and music stores have been hit the hardest, with sales contracting in 2018 for these sub-retail sector markets. In 2018, sales of department stores excluding leased space and sporting goods, hobby, book and music stores sales contracted while electronic and mail order retail sales rose 10 percent. E-commerce sales outpaced the growth of total retail sales (4.7%) and all retail subsectors except sale of gasoline stations (12.7%), fuel dealers (23.5%) and men’s clothing stores (12.7%). Men’s clothing stores appears to be doing better in the face of the e-commerce compared to women’s clothing stores (3.3%) (perhaps because it still makes sense to fit an expensive suit at the store). Jewelry store sales also still rose strongly (8.2%) (perhaps because shoppers still want to try on the jewelry before making a purchase).

Just last February 15, Payless ShoeSource announced it was closing some 2,100 stores in the United States and Puerto Rico after it had filed for bankruptcy in 2017. This brings to 4,287 announced store closings in 2019, following on the heels of 8,139 announced store closures in 2017 and 5,524 in 2018, according to CoreSight, a website that tracks the retail market.

Implication on Jobs and Income

With brick and mortar retail trade sales on the decline and e-commerce retail sales on the rise, job creation has shifted towards transportation and warehousing, which are the logistics supports of e-commerce sales. In 2018, the retail trade sector created a mere 14,000 net new payroll jobs in 2018, while transportation and warehousing created 216,100 jobs. Retail trade job creation in 2018 slightly rebounded from the 87,900 jobs lost in 2017, although this is paltry compared to the average of 223,000 jobs created in the retail trade sector during 2012–2016.

What’s the implication of this shifting in jobs from retail to logistics for the economy and for workers? If workers can find a job quickly in other sectors such as in warehousing and transportation, their incomes are likely to be higher.[3] Retail trade workers are generally the least paid among all other major groups of workers, receiving on average $594 weekly compared to transportation and warehousing workers who receive on average $948 weekly and wholesale trade workers who receive on average $1,210 weekly (as of February 2019).

Retail Trade Opportunities

Opportunities for the growth of retail trade varies across metro areas, creating jobs in growing metro areas that are attracting people, jobs, and housing. Factors that will support the growth of retail trade in 2019 are the trend towards integration of online and offline shopping, the development of mixed-use commercial/residential areas that require a strong retail anchor, and the tax incentives for real estate development projects in Opportunity Zone areas.

Amazon’s purchase of Whole Foods and the increasing online presence of warehouse and discount stores demonstrates the growing interconnection between online and offline (physical, brick-and-mortar) shopping. Walmart or Target customers can now order online and have same-day delivery or pick up at a nearby store. Related Cos., the real estate developer of the Hudson Yards—New York’s biggest mixed-use commercial development that opens in March 2019—just acquired Quiet Logistics, a distribution and logistics company that specializes in catering to primarily online retailers because primary online retailers have also set up shop in Hudson Yards.[4] Grocery stores and restaurants/fast foods are also offering online ordering and delivery companies (e.g., Uber Eats, Grub Hub) or have tied up with delivery companies (DoorDash for McDonald’s orders ).

The trend towards mixed-use commercial and transit-oriented development will continue to prop up the demand for brick-and-mortar/physical stores around which mixed-use, transit development is anchored on (e.g., Harris Teeter is the anchor for the Merrifield development near the Dunn-Loring Metro station in Falls Church, VA). The just opened 28-acre Hudson Yards in New York City has a seven-story mall, office and residential properties, a hotel, school, cultural center, parkland, and public space.[5]

The tax incentives for projects in Opportunity Zone areas is another positive factor that will support the construction of brick-and-mortar stores.[6]

The shift from ‘big box’ development to small format stores in urban areas, such as what Walmart and Target are doing in the Washington, DC area[7], also presents a growth opportunity for brick-and-mortar retailing.

To be able to take advantage of these opportunities, brick-and-mortars will need to enhance their logistics (warehouse, packaging, distribution, last-mile delivery), use technology to improve the customer’s experience at all phases of the shopping experience from product search (e.g., using visual search instead of text search) to the check-out, physical delivery, or pickup, and to understand that the physical store is a place to create brand impact and awareness.

Retail Trade Employment Still Growing in Half of Metro Areas

While the retail trade sector is facing huge challenges from e-commerce sales on a national scale, retail trade employment is still growing in metros that are attracting people, jobs, and housing construction. Of 405 metropolitan areas and metropolitan divisions[8], 47 percent created net retail trade jobs over the past three years from 2015 Q4 to 2018 Q4. Below are the top metro areas which created 5,000 or more retail trade jobs during this period.

Seattle-Tacoma-Bellevue, WA (39, 100);

Dallas-Fort Worth-Arlington, TX (14,300);

Houston-The Woodlands-Sugar Land, TX (10,000);

Minneapolis-St. Paul- Bloomington, MN-WI (9,200)

Atlanta-Sandy Springs-Roswell (8,600);

Louisville-Jefferson County, KY-IN (7,200);

Riverside-San Bernardino-Ontario, CA (6,900)

Austin -Round Rock, TX (6,000)

San Francisco -Oakland-Hayward, CA (5,900)

Jacksonville, FL (5,900)

Charlotte-Concord-Gastonia, NC (5,900)

Columbus, OH (5,600)

Denver-Aurora-Lakewood, CO (5,400)

Provo-Orem, UT (5,200)

Orlando-Kissimmee-Sanford, FL (5,200)

Nashville-Davidson-Murfreesboro-Franklin, TN (5,100)

[1] Source: U.S. Census Bureau Monthly Retail Sales, seasonally adjusted, downloaded from Haver Analytics

[2] Think of brick and mortar big names that have shuttered—Sears, Marshall Field’s, Hecht’s, Kids R’ Us, Woolworth, Filene’s Basement, Borders, Crown Books, Kaufmann’s, Linens ‘n Things, Sports Authority, Herman’s, Hhgregg, Circuit City, Comp USA, FAO Schwarz,— or have had major store closings such as Macy’s, JC Penny, Kohl’s, Lord & Taylor, and Toys R’ Us

[3] The mean duration of unemployment is 8.9 weeks in January 2019. The average duration has been on the downtrend since 2011 with the average duration at 22 weeks.

[4] Bisnow, “Related Cos Makes Inroads into Logistics to Provide Amazon Alternative”; see https://bit.ly/2T8njar

[5] Globe St. “Hudson Yards Open: Going Inside Vessel”, https://www.globest.com/2019/03/18/hudson-yards-opens-going-inside-vessel-slideshow/?kw=Hudson%20Yards%20Opens:%20Going%20Inside%20Vessel%20%28Slideshow%29&et=editorial&bu=REM&cn=20190318&src=EMC-Email&pt=NewYork

[6] Bisnow” Developers Sign Trader Joe’s for Silver Spring Opportunity Zone Project”; see https://bit.ly/2CnqwgR

[7] DC North Star “New Target Store Coming to DC”; see http://dcnorthstar.com/target-georgia-avenue/

[8] Divisions are part of metropolitan areas, so there is some double-counting of the total number of metro areas and divisions. However, when we get the share of metro areas and divisions which have negative retail trade growth to the total number of metro areas and divisions, there is no practically no double counting.

from http://economistsoutlook.blogs.realtor.org/2019/03/21/retail-trade-challenges-and-opportunities-in-2019/

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brigantinereal · 6 years ago

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Retail Trade Challenges and Opportunities in 2019

E-Commerce and Retail Trade Trends in 2018

Implication on Jobs and Income

Retail Trade Opportunities

The tax incentives for projects in Opportunity Zone areas is another positive factor that will support the construction of brick-and-mortar stores.[6]

Retail Trade Employment Still Growing in Half of Metro Areas

Seattle-Tacoma-Bellevue, WA (39, 100);

Dallas-Fort Worth-Arlington, TX (14,300);

Houston-The Woodlands-Sugar Land, TX (10,000);

Minneapolis-St. Paul- Bloomington, MN-WI (9,200)

Atlanta-Sandy Springs-Roswell (8,600);

Louisville-Jefferson County, KY-IN (7,200);

Riverside-San Bernardino-Ontario, CA (6,900)

Austin -Round Rock, TX (6,000)

San Francisco -Oakland-Hayward, CA (5,900)

Jacksonville, FL (5,900)

Charlotte-Concord-Gastonia, NC (5,900)

Columbus, OH (5,600)

Denver-Aurora-Lakewood, CO (5,400)

Provo-Orem, UT (5,200)

Orlando-Kissimmee-Sanford, FL (5,200)

Nashville-Davidson-Murfreesboro-Franklin, TN (5,100)

[1] Source: U.S. Census Bureau Monthly Retail Sales, seasonally adjusted, downloaded from Haver Analytics

[3] The mean duration of unemployment is 8.9 weeks in January 2019. The average duration has been on the downtrend since 2011 with the average duration at 22 weeks.

[4] Bisnow, “Related Cos Makes Inroads into Logistics to Provide Amazon Alternative”; see https://bit.ly/2T8njar

[6] Bisnow” Developers Sign Trader Joe’s for Silver Spring Opportunity Zone Project”; see https://bit.ly/2CnqwgR

[7] DC North Star “New Target Store Coming to DC”; see http://dcnorthstar.com/target-georgia-avenue/

from http://economistsoutlook.blogs.realtor.org/2019/03/21/retail-trade-challenges-and-opportunities-in-2019/

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alfredrserrano · 6 years ago

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National Cheat Sheet: Sears avoids liquidation, warehouse vacancies hit 18-year low, Blackstone plans massive real estate fund … & more

Clockwise from top left: Sears avoids bankruptcy liquidation after its board accepted an auction bid from chairman Eddie Lampert, CBRE finds warehouse vacancy rates at their lowest levels since 2000, the Blackstone Group readies its largest-ever real estate private equity fund and leading homebuilder Hovnanian Enterprises is in danger of getting delisted from the New York Stock Exchange.

Sears avoids liquidation after board accepts chairman’s auction bid All of the remaining assets of Sears Holdings Corporation have been acquired by chairman Edward Lampert for $5.2 billion, according to various news reports. The board of the bankrupt company accepted Lampert’s auction bid in lieu of competing proposals from liquidators, Bloomberg reported. The decision came after “two days of discussions… to determine whether Sears would be worth more dead or alive,” according to the outlet. The deal must still be approved by a U.S. bankruptcy judge. A hearing on the matter has been scheduled for Feb. 1. If it is approved, Lampert will have another opportunity to try to revive the ailing retail chain. He hopes to keep 425 stores open and save 45,000 jobs, a source told Bloomberg. [TRD]

CBRE finds warehouse vacancy rates at lowest level since 2000 A mere 7 percent of industrial space was vacant in the fourth quarter of 2018 — the lowest that vacancy rates have dipped since 2000, the Wall Street Journal reported, citing data from CBRE. The commercial real estate firm attributed the scarcity of available space in part to the growing e-commerce industry. Demand actually outpaced supply by around 6 million square feet during the fourth quarter last year. “In 2019, it will remain quite a competitive market for people to get hold of the logistics assets they need,” CBRE’s head of research for the Americas and global chief economist Richard Barkham told the newspaper. [TRD]

Blackstone’s $20B real estate fund set to be its largest yet Buyout giant the Blackstone Group is gearing up to close a $20 billion real estate fund with around $60 billion in buying power, the Wall Street Journal reported. The fund, which will likely close in the first quarter of 2019, will be the private equity firm’s largest real estate fund to date. “They can buy private companies and they can buy [entire companies listed] on the New York Stock Exchange,” Evercore ISI analyst Steve Sakwa told the newspaper. The fund is something of an anomaly, as other real estate funds have struggled to raise money, according to the outlet. [TRD]

The Mooch parts ways with Opportunity Zone fund partner Former White House communications director and Harvard Law School graduate Anthony Scaramucci’s SkyBridge Capital split this week with Emanuel “Manny” Friedman’s EJF Capital on a planned $3 billion fund to invest in Opportunity Zones. The venture, which was announced in November and poised to be structured as a real estate investment trust, fell apart as a result of EJF’s perceived lack of experience in managing real estate funds, according to The Real Deal‘s reporting. SkyBridge president Brett Messing told TRD that the separation with EJF was amicable. Both will now proceed with their own Opportunity Zone funds. Scaramucci, meanwhile, will soon appear as a contestant on “Celebrity Big Brother,” which premieres Jan. 21 on CBS. [TRD]

Leading national homebuilder in danger of getting stock delisted One of the largest homebuilders in the country, Hovnanian Enterprises, could be delisted from the New York Stock Exchange as its debt piles up. The Matawan, New Jersey-based company, founded by chairman and president Ara Hovnanian, plans to carry out a reverse stock split to stay on the NYSE if it can get approval from shareholders at a meeting in March. On Thursday, Hovnanian’s stock price close at 66 cents, and the company will need its shares to trade above $1 if it hopes to stay listed. Hovnanian’s current financial woes can be traced back to the 1990s, when the company’s debt started to mount as it went into acquisition mode. [TRD]

MAJOR MARKET HIGHLIGHTS

Amazon eyes 10,000 square feet of space in Chrysler Building The Chrysler Building is for sale, but Amazon is planning to ink a lease at the iconic office tower, the New York Post reported. The e-commerce and technology behemoth, which late last year announced plans for a second headquarters in nearby Long Island City, is expected to sign a lease for around 10,000 square feet of space in the building soon, though it’s not yet clear exactly when. News of Amazon’s likely tenancy came less than a week after news broke that Tishman Speyer and the Abu Dhabi government fund that own the Chrysler Building would be putting it up for sale after hiring CBRE to market the landmark skyscraper. [TRD]

Microsoft to contribute $500M to affordable housing in Seattle One of the world’s largest companies has a plan to tackle a dearth of affordable housing in the Puget Sound region. Microsoft announced this week that it was ready to spend $500 million to fix a problem that it partly had a hand in creating in one of the nation’s priciest housing markets, according to the New York Times. The Redmond, Washington-based company has pledged to fund projects in Seattle and surrounding areas that provide more housing options for low-income and middle-class workers, as well as address homelessness. [TRD]

PG&E filing for bankruptcy and CEO steps down amid wildfire fallout The California utility giant accused of starting the deadly Camp Fire in California this past fall plans to file for bankruptcy, Bloomberg reported. Geisha Williams, CEO of the San Francisco-based Pacific Gas & Electric Company, has also stepped down with general counsel John Simon stepping into the company’s top leadership role until it finds a permanent replacement. A number of California residents have hit PG&E with lawsuits claiming that the company’s equipment sparked the November fire that left 86 people dead and destroyed 21,000 homes in Northern California. State Attorney General Xavier Becerra is investigating those allegations. PG&E could be facing up to $30 billion in wildfire-related liabilities. [TRD]

Top NYC developer looks outside for new leader Sush Torgalkar, a former COO of Westbrook Partners, has been named the new CEO of Extell Development Company, one of the largest commercial real estate developers in Manhattan. Extell founder Gary Barnett will continue to serve as chairman of the firm, but he did not provide a reason for recruiting Torgalkar to run the business. Torgalkar, 42, grew up in Cleveland as the son of Indian immigrants. He is known for his access to institutional investors and ability to navigate tricky deals, something in which Extell is well-versed. A recent analysis by The Real Deal found that Extell has more than 1,500 units in its New York pipeline. [TRD]

South Florida mansion owned by IHOP founder’s son hits market The son of one of IHOP’s founders has put the South Florida mansion that he and his wife own on the market. Nathan and Jacqueline Finkel are seeking $7.25 million for their 21,656-square-foot home in a suburb of Fort Lauderdale. Abe Finkel, Nathan’s father, was one of the founders of IHOP, the pancake house restaurant chain that briefly flirted last year with a name change to IHOB as part of a burger promotion. The nine-bedroom, 11-bathroom home in the town of Southwest Ranches has a bowling alley, a theater room, a bar room, a library and quarters for maids and nannies. The property comes with a tennis court, gazebo and swimming pool. Mark Kaminsky and Kevin O’steen of the Kaminsky/Reyes Team at Coldwell Banker have the listing. [TRD]

Amid national expansion, Compass heads to Mile-High City Despite already having offices in Aspen and Telluride, Compass is embarking on a further Colorado expansion with planned outposts in Denver and Boulder. The SoftBank Group-backed residential brokerage said it will open flagship offices in the two cities within the next few months. “Colorado is consistently named one of the fastest growing states in the country, netting more than 70,000 new residents per year over the past 5 years,” chief growth officer Rob Lehman said in a statement, noting that there’s “an enormous opportunity to elevate the real estate experience for agents across the state.” Compass has been rapidly expanding, opening offices across the country. [TRD]

R. Kelly evicted from Chicago warehouse he used as studio, residence A judge signed an order evicting the R. Kelly from an industrial building in Chicago, the Chicago Sun-Times reported. The singer owed nearly $80,000 in back rent for the warehouse, which he used as both a recording studio and a residence. City attorneys claim the dual use violates zoning code and had been trying to gain access to the building, according to the outlet. R. Kelly has long been accused of abusing women and young girls, but a recently-aired Lifetime series, “Surviving R. Kelly,” has raised a new set of abuse allegations against the entertainer, all of which he has denied. [TRD]

Nonprofit shells out $2.5M for Muhammad Ali’s Michigan estate An 81-acre estate in southwest Michigan that Muhammad Ali bought in the 1970s has a new owner, the Chicago Tribune reported. A Turkish nonprofit called the Turken Foundation, which is based in New York, bought the property from Lonnie Ali, the boxing legend’s widow, for $2.5 million, according to the outlet. Lonnie Ali initially listed the estate for $2.895 million, although the precise figure was $2,895,037, a tribute to her late husband’s 37 career knockouts. Ali, who died in 2016, purchased the property when he was living 90 miles away in Chicago’s Kenwood neighborhood. He continued to stay there even after Ali moved to Los Angeles and Arizona. One of the buildings on the estate has a boxing ring, the newspaper reported. [TRD]

from The Real Deal Miami https://therealdeal.com/2019/01/18/national-cheat-sheet-sears-avoids-liquidation-warehouse-vacancies-hit-an-18-year-low-more/#new_tab via IFTTT

#The Real Deal Miami

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juditmiltz · 6 years ago

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National Cheat Sheet: Sears avoids liquidation, warehouse vacancies hit 18-year low, Blackstone plans massive real estate fund … & more

MAJOR MARKET HIGHLIGHTS

from The Real Deal Miami https://therealdeal.com/2019/01/18/national-cheat-sheet-sears-avoids-liquidation-warehouse-vacancies-hit-an-18-year-low-more/#new_tab via IFTTT

#The Real Deal Miami

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arplis · 5 years ago

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Arplis - News: What Is a Single-Family Home? Inside the Dwelling of the American Dream

Lets explore more about single-family homes and whether this type of home is right for you.

Single-family homes: The suburban American boom

A ground-to-roof wall

A separate heating system

Individual meters for public utilities

No units located above or below

If each individual unit within a building does not meet all these conditions, the building is considered multifamily housing, the Census Bureau says.

Known for being spacious (and becoming more so)

14% in Boston

20% in Brooklyn

29% in Washington, D.C.

37% in Chicago

49% in San Francisco

51% in Miami

57% in Los Angeles

67% in Denver

69% in Seattle

70% in Austin

81% in Portland

Source: (trekandshoot / Shutterstock.com)

The pros of single-family homeownership

Other perks of owning a single-family home include:

Privacy

Space

Freedom for your own tastes

Source: (united photo studio / Shutterstock.com)

Some drawbacks of the single-family home: Responsibility and accessibility

There are some cons to owning a single-family home, which tend to boil down to all that space. Your home may be your castle, but because its yours, youre on the hook for whatever happens to it.

Maintenance

Navigation

If you or a family member has a disability, or if you find stairs tougher to manage as you age, a single-family home may not be right for you unless its only one story.

Not as affordable

The most affordable counties for homeownership, according to an analysis from 24/7 Wall St., include:

Baltimore City County, Maryland

Bibb County, Georgia

Clayton County, Georgia

Peoria County, Illinois

Wayne County, Michigan

The 25 least-affordable counties to buy a house in the United States all fall within four states: New York, California, Massachusetts, and Hawaii, this analysis shows.

Header image source: (Scott Webb / Unsplash.com)

Arplis - News source https://arplis.com/blogs/news/what-is-a-single-family-home-inside-the-dwelling-of-the-american-dream

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investmart007 · 6 years ago

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CRG Expands Operations on the West Coast

New Post has been published on https://is.gd/16W9ff

CRG Expands Operations on the West Coast

ST. LOUIS/ Sept. 12, 2018 (STL.News) — CRG, the national real estate developer, announced today that it has hired key leadership from DCT Industrial and is opening a new office in Southern California.

Bud Pharris is opening CRG’s Newport Beach office and will serve as Senior Vice President and Partner. Bud will lead CRG’s industrial pursuits in logistics markets throughout the Western Region. Joe Williams will join Pharris in the Southern California office, serving as Director of Development for the West Region.

“CRG’s vision to expand its fully integrated development solutions platform on the West coast align perfectly with Joe and my development goals and industry experience,” CRG Western Region Senior Vice President and Partner Bud Pharris said. “I look forward to my new role with CRG and the opportunity to continue to execute on a Western regional development platform in one of the hottest industrial markets in the country.”

“This is an exciting time in CRG’s growth. Our new team members maintain excellent reputations and bring decades of experience developing on the West coast,” CRG President Shawn Clark said. “Together, we will build upon CRG’s proven track record of developing Class A, state-of-the-art distribution centers in core markets nationally. CRG will deliver new industrial assets exceeding $1 billion over the next three years.”

The announcement comes at a time when tenant demand for modern logistics facilities is at an all-time high and consumer demand to purchase goods online is driving e-commerce globally. Retailers are demanding industrial facilities that can accommodate the latest automation technologies and properties that can accommodate increased trailer storage and car park requirements to compete in today’s logistics environment.

CRG’s major projects under development include The Cubes at Bridgeport, a 1 million-square-foot speculative warehouse in the South I-85 Atlanta market; The Cubes at DuPont, a 1.6-million- square-foot industrial park with 340,000 square feet of existing space and 1.25 million square feet of new development in the Seattle market; and The Cubes at Troutdale, a 350,000-square-foot speculative warehouse in the Portland market.

For more information about CRG industrial portfolio and business development group, visit realcrg.com.

About CRG

CRG is Clayco’s private real estate development firm that acquires, develops, and operates real estate assets. Headquartered in St. Louis, Missouri with offices in Southern California, Seattle, Chicago, Atlanta, Pittsburgh, Philadelphia and northern New Jersey, the CRG team has developed more than 5,000 acres of land and delivered over 160 million square feet of commercial, industrial, and multi-family assets exceeding $9 billion in value. For more information visit www.realcrg.com.

About The Cubes

The Cubes industrial brand is owned and developed by CRG. The Cubes represents CRG’s philosophy of developing for the demands of next generation industrial users. The Cubes are designed with an emphasis on sustainability and state-of-the-art building specifications with consumer centric logistics strategies. With the end user always in mind, The Cubes offer superior access to logistics networks and strong, qualified labor supplies.

Background

Bud Pharris – Senior Vice President, Partner – West Region

In Bud Pharris’ previous role as Managing Director, West Region for DCT Industrial, he was responsible for development, capital deployment, portfolio management and operations. Pharris’ oversight duties included all company operations in the Denver, Northern California, Phoenix, Seattle and Southern California regional markets. Prior to joining DCT, he was a Senior Development Manager with Panattoni Development Company in the Southern California office. Pharris has over 25 years of commercial real estate experience. He holds a Bachelor of Science degree in Marketing from California State University, Sacramento and is an active member of SIOR, NAIOP and NAIOP Forums.

Joe Williams – Director of Development – West Region

In Joe Williams’ previous role as Vice President, Market Representative for DCT Industrial, he was responsible for all leasing, acquisitions and development efforts in Southern California. Williams has nearly a decade of experience in industrial real estate and previously worked as a broker for CBRE and Colliers International. He holds a Master’s Degree in Real Estate Development and a Bachelor of Science in Business Administration from the University of Southern California. Williams is an active member of SIOR and NAIOP.

_____ SOURCE: https://www.prnewswire.com/news-releases/crg-expands-operations-on-the-west-coast-300711037.html

#Bud Pharris #clayco #CRG #DCT Industrial #Joe Williams #National Real Estate Developer #Newport Beach #private real estate development firm #real estate #Shawn Clark #Southern California #st louis #The Cubes at Bridgeport #The Cubes at DuPont #TodayNews #West Coast

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