March 7, 2022 (SAN FRANCISCO, CA) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announces the opening of a San Francisco location. The office will specialize in office landlord agency, bio/life science tenant representation, and NNN sales, with plans to strategically recruit teams to grow their multifamily capabilities in the San Francisco and surrounding markets. The Lee & Associates San Francisco team will be led by Jeff Moeller, a…
Lee & Associates Grows Midwest Presence with Omaha, NE Expansion
March 1, 2022 (OMAHA, NE) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announces the opening of an office in Omaha, Nebraska. The office will specialize in retail, office, investment sales, and land sales with a focus on the Omaha and Lincoln markets. The Lee & Associates Omaha team will be led by Co-Managing Principals Daniel Dutton and Daniel Goaley. Their team consists of seven brokerage professionals, including Scott…
Growing Logistics Company Answers eCommerce Demand with 17 New Warehouses
OVERVIEW Lee & Associates currently represents Smart Warehousing, a 3PL, in leasing and buying properties for new warehouses Current acquisitions include seventeen (17) warehouses and one (1) office building For more information regarding this case study, please contact: John Sharpe, SIOR, CCIM, LEED-AP D (773) 355-3030 Email // Resume Jon Hitchcock D (913) 888-3222 Email The Client Smart Warehousing is a third-party logistics company based in Kansas City, MO that has become an industry-leading…
Six Factors Helping to Power Interest in Multifamily Markets
When the pandemic engulfed the world last year, few analysts predicted that the multifamily sector would flourish and thrive so well. Most suspected that the sector would be on life support. Yet, despite a year-long national eviction moratorium, there hasn’t been a better time to be a big apartment-building landlord. Multifamily-property values have increased 13 percent since before the pandemic and more money is being invested now in apartment buildings than in any other type…
Lee & Associates Breaks Down Third-Quarter Economic Outlook by Sector
The calculus for which asset classes are likeliest to demonstrate strong growth continues to shift as the pandemic appears to be receding. Patterns in labor shortages, supply chain issues and material costs have managed to solidify through the third quarter of 2021. Lee & Associates’ newly released Q3 2021 North America Market Report dissects third-quarter 2021 industrial, office, retail and multifamily findings, with a focus on where demand is moving and the challenges facing each asset class….
Record Single Tenant NNN Sale Price PSF on Development Presale
OVERVIEW 137 Serramonte Center Daly City, CA Class A Retail Building ± 4,500 SF ± 0.52 Acre Site 100% Leased by Verizon Wireless Seller: Petrolink, Inc. Buyer: Pacific Royale, LP For more information regarding this case study, please contact: Jonathan Selznick D (949) 734-0243 Email // Resume The Client Platinum Energy is a privately-owned company based in Agoura Hills, CA. Platinum’s Founder and CEO, David Delrahim emigrated from Iran in 1979 with a dream…
San Diego Stays Strong as a Core Market for Industrial Real Estate
OVERVIEW Five (5) Industrial Buildings in San Diego County, CA ± 475,000 SF in Five (5) Buildings Buyer Representation Total Sale Value: $80,000,000 For more information regarding this case study, please contact: Greg Pieratt, SIOR D (949) 734-0243 Email // Resume The Client Elion Partners is an east coast private investment firm based in Miami. The company has managed more than $2.0 billion in real estate assets since its founding in 2010. Additionally, over the…
Growing Southern California Industrial Demand Creates Shifts in Strategy, Outlook
Industrial real estate in Southern California has become what one might conservatively call a “fast-paced atmosphere.” The presence of multiple offers, sellers pushing up values and buyers continuing to chase deals have made for constantly increasing values and activity. Christopher J. Destino, SIOR, principal at Lee & Associates, spoke to REBusinessOnline about making strategic decisions in this unusual environment. REBusiness: What is the forecast for demand in industrial properties in Southern California? Destino: The future of demand in…
California’s Population Exodus Arrives in Idaho
There has been much anecdotal discussion lately of Californians fleeing high-cost, high-density, high-traffic living for greener pastures, especially as COVID-19 made working from home a possibility for California’s high-tech workforce. This trend is not just a rumor for the residents of Idaho. Idaho is the second-fastest growing state in the nation[1], and Californians make up nearly 46 percent[2] of a new population influx that the state has experienced over the past five years. What is driving…