By: Tom Georges, Associate Director/Investment Sales, The Stan Johnson Company
Tom Georges was interviewed by Jaime Lacky of Northeast Real Estate Business regarding the state of the net lease market.
Single-tenant investment sales volumes have risen steadily since the end of the Great Recession, with 2015 posting a total of $19.3 billion in the retail sector in the U.S., $21.7 billion in office properties and $22 billion in industrial properties, according to a report by Stan Johnson Company. Northeast Real Estate Business recently spoke with Tom Georges, associate director of Investment Sales with Stan Johnson Company’s New York City office, for insight into the net lease market.
Continue reading “THE NNN MARKET”
Controversial plans to construct two high-rise towers, a hotel, and lots of restaurants and shops on two city blocks in South Los Angeles cleared an important hurdle Tuesday, winning unanimous support from the city’s Planning and Land Use Committee.
In endorsing the project, the committee rejected two appeals that had been filed against it over its size and lack of affordable housing. The plans now move to the City Council for final approval.
Continue reading “‘THE REEF’ GETS ANOTHER APPROVAL”
A big residential and commercial complex designed by Frank Gehry for the eastern end of the Sunset Strip got the final approval it needed Monday from the Los Angeles City Council.
Continue reading “FRANK GEHRY SUNSET STRIP PROJECT GETS APPROVAL FROM LA CITY COUNCIL”
Construction has begun on a 271-room luxury hotel and retail complex on Wilshire Boulevard and 7th Street in Santa Monica, according to the Kor Group, the real estate investment and management group developing the property.
Continue reading “SANTA MONICA LUXURY HOTEL STARTS CONSTRUCTION”
By Joel Kotkin
As its economy started to recover in 2010, progressives began to hail California as a kind of Scandinavia on the Pacific — a place where liberal programs also produce prosperity. The state’s recovery has won plaudits from such respected figures as The American Prospect’s Harold Meyerson and the New York Times’ Paul Krugman.
Continue reading “CALIFORNIA’S “BOOM” ABOUT TO GO BUST”
Last year, Irvine-based developer SunCal dropped $130 million on a 14.6-acre property bordered by Sixth, Alameda, Mill, and Wholesale streets in the Arts District, and now, we finally know what’s planned for this enormous parcel. Developers have shared with Curbed renderings and plans for a massive multi-use complex that includes two, 58-story towers, rental units and condos, office space, retail, and a school; the site is currently home to two warehouses mainly used by food distributors.
Continue reading “HUGE PROJECT WITH TWO 58-STORY TOWERS PLANNED FOR ARTS DISTRICT”