IRVINE, CA-As interest rates rise, real estate fundamentals are beginning to drive underwriting and real estate values, says Chad W. Owens, VP of operations, Faris Lee Investments in this <b>EXCLUSIVE</b> commentary.
IRVINE, CA-Overseas investors, non-traded REITs, and Wall Street equity funds remain in the buyer pool for hard retail assets, and more are sure to join due to lack of stock market stability, and foreign markets instability, says Faris Lee's Donald MacLellan in this <b>EXCLUSIVE</b> commentary.
LOS ANGELES-One of the biggest trends to keep an eye on in the retail sector is new development, which has remained quiet thus far, says Faris Lee's Ryan Tomkins in this <b>EXCLUSIVE</b> commentary.
IRVINE, CA-Don MacLellan of Faris Lee Investments talks about how potential investors underwrite these centers and how to create value through retenanting a vacant grocery anchor.
PHOENIX-Top Seal Corp. of Boyertown, PA purchases the 100,544-sf Laich Industries industrial facility, an 11.6-acre site with enough room enough for another 100,000 sf of industrial space, if future expansion becomes a necessity.
GLENDALE, AZ-Cleats Inc. signs a five-year lease for 8,493 sf in the Arrowhead Plaza after 18 months of subleasing the retail space from CVS Pharmacy. The deal has a $450,000 payout over the term.
PHOENIX-Two apartment complexes in the Camelback Corridor sell to investors looking for long-term holds of high-occupancy properties. The 28-unit Hyde Park passes to a Mesa trust and the 31-unit Sunny Palms rolls to a private investor from the same city.