To certain wine lovers, the thought of planting vineyards and producing wine along California’s Central Coast is hardly an extravagant idea, and it may account for the fact that wineries in these parts seldom change hands. So, what’s it take to get in on the fun? To keep costs down, most people start making wine in leased space or in space shared with another winery and using grapes purchased locally. Others plant vineyards on leased…
Roadwork impacting your region
Gearing up for the holiday season? Wondering when those packages are going to arrive? Planning to get all of your shipments out on time? We are here to help you with an overview of the roadwork affecting your region! Lehigh Valley Great news! The work on I-78 that has been slowing down your trucks between Berks and Northampton Counties will be placed on hold for the holiday season and resume in Spring 2018. When the…
Mystery company leases huge Route 33 warehouse
Two down, one to go. That’s the situation for Duke Realty Corp., the Indianapolis industrial developer that recently completed and leased its second warehouse in Palmer Township and has now started construction on its third planned building near Route 33. But it remains unclear who is leasing Duke Realty’s second warehouse, a 628,475-square-foot structure at 1611 Van Buren Road within the developer’s 33 Logistics Park complex. In a news release Tuesday, Duke Realty described the…
Cumberland County warehouse redevelopment underway
By Jason Scott, July 12, 2017 at 3:31 PM Demolition and reconstruction work at a former Quaker Oats manufacturing and distribution facility in Hampden Township, which will lead to a smaller modern warehouse on the site, is underway. The property at 485 St. Johns Church Road was purchased by an affiliate of Montgomery County-based Endurance Real Estate Group LLC through a joint venture with CenterSquare Investment Management, an investment manager that is also based in…
Lee Follows Up Expansion With Rebrand
Lee & Associates rebrands its logo for the first time in the firm’s 35-year history, along with a new website. Lee & Associates is getting a fresh new look from the first time in its 37-year history. The firm has been in expansion roads for the last several years, and is now following up that growth with a new look. The rebranding also includes updated social media profiles and a web site that will enhance…
Health Care Is Rx For Ailing Retail
Rarely in commercial real estate do the stars align so perfectly as with the heightened appetite for retail space due to the explosive growth of physician groups, urgent care centers and other health services.Amid robust medical spending, health care executives have reached a consensus that it is vital for medical professionals to be closer to their patients, especially the growing number needing services connected with aging.The impact of growth in the industry on existing medical…
From Birdland to “La La Land” – Jazz Music Still has a Pulse
In this year’s hit motion picture “La La Land,” which ties the record with 14 Oscar nominations including the award for Best Picture, the character played by Ryan Gosling aspires to open a jazz club. There’s a scene in the film in which the young pianist is questioned by a fellow musician: Why is he willing to invest in a musical form with virtually no modern-day commercial appeal?If Gosling’s character won’t heed the advice of…
In the Crosshairs of Tax Reform: 1031 Exchanges Become a Target Again
You may have heard us beat the drum in 2014: “Help us save 1031 Exchanges”. Here we are 3 years later with an even more pressing message: “Help us save Commercial Real Estate.” Tax Reform is on the forefront of the new Administration’s agenda and we need to make sure that history doesn’t repeat itself. In 1986 Congress hastily enacted Tax Reform that eliminated passive losses, but the unintended consequences plunged the real estate market…
The Industrial Yield Squeeze Is On
NEW YORK CITY—Executives of Lee & Associates recognize the need for regulations governing storm-water management and green area in general, but are quick to note the impact that these factors have on development yields. Riorda: “As real estate experts, we need to be cognizant of the effect of regulations and related fees, and their collective impact on rental rates.” NEW YORK CITY—Outsiders to the industry may praise developers for their attention to environmental issues such…