Commercial Real Estate News for Florida

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Four big proposals in Broward city, including waterfront building by major New York developer

Pompano Beach officials will consider four big development proposals, including a multifamily building by major New York developer Chetrit Group and an oceanfront condominium.

The items are set for a hearing before the city’s Development Review Committee on Jan. 20. They would need a city council vote for final approval.

Led by Meyer Chetrit and Joseph Chetrit, the Chetrit Group is one of the largest property owners in New York City and it’s made headlines in Miami with a proposal for a huge mixed-use project along the Miami River.

In Pompano Beach, Chetrit Group affiliate CG Hillsboro Shores filed a land use amendment that would allow 122 units at 2629 N. Riverside Drive and 2507 N. Ocean Blvd. The 4.2-acre site is on the Intracoastal Waterway near the Hillsboro Inlet. It currently has a marina and boat slips.

Chetrit Group plans to build 108 multifamily units and 14 townhouses there. The developer pledged to improve the marina and boat slips. It acquired the property for $6.4 million in January 2015. Attorney Bonnie Miskel, who represents CG Hillsboro Shores in the application, couldn’t be reached for comment.

Condo on the beach

The Ocean Sapphire condominium would have 29 units right on the beach at 700 Briny Ave. The rezoning application was filed by Chrome Group, managed by Maria Giglio, Michael K. Fish, and Lourdes Ors in Miami. It acquired the 1.3-acre site for $3.69 million in 2014. Garcia Stromberg is the architect for the project. Miskel, who represents Chrome Group, couldn’t be reached for comment.


See more at http://www.bizjournals.com/southflorida/news/2016/01/19/four-big-proposals-in-broward-city-including.html?iana=ind_cre

Net Lease Property Dollar General Sold

Petersburg, Virginia - July, 20, 2010 - Net Lease Properties has news today of Net Lease Properties Investment selling in Petersburg, Virginia. Petersburg is about 25 miles south of Richmond, Virginia.
This sale of a net lease Dollar General Investment property had a closing price of $927,350.
The Commercial Real Estate Investment is a 9,014 Square feet free-standing retail property. This property is currently leased to Dollar General Corporation on a long-term, net lease basis.

The Buyer of this Net Lease investment property was a private, 1031-exchange buyer who was seeking a stable and passive investment.
A 1031 exchange, otherwise known as a tax deferred exchange is a simple strategy and method for selling one property, that's qualified, and then proceeding with an acquisition of another property (also qualified) within a specific time frame.

Also a "1031 exchange" is unique because the entire transaction is treated as an exchange and not just as a simple sale. This 1031 exchange method allows the taxpayer(s) to qualify for a deferred gain treatment for Investments, if performed properly.
A 1031 exchange can be used on a Walgreens sale, Publix, Target, Home Depot, etc. as long as the Investor goes through the proper channels to do a 1031 correctly.

Search For Net Lease Properties & Commercial Loans

If you are ready to invest in Commercial Real Estate, Multi-Family Apartment Buildings, Office Building Highrises or Net Lease Properties then contact us, HERE. We can also assist you with your Commercial Real Estate Mortgage and Non Recourse Loan to purchase a Commercial Real Estate.

Net Lease Property Lowe’s Sells for $17.5M

Shippensburg, Pennsylvania - Net Lease Properties News for the day is that a 171,069-square foot Lowe's has sold. This Net Lease Property is in Shippensburg, Pennsylvania and has sold for $17.55 million, or $103 a square foot. Shippensburg is approximately 155 miles west of Philadelphia.

Lowe's has recently signed a 22-year Triple Net Lease agreement at this property. This Commercial Real Estate is located in a prime retail corridor in Shippensburg. The Net Lease Property is in a high-demand submarket, adjacent to a Walmart Supercenter and near a Kmart. The new ownership will benefit from Lowe's strong credit rating and an average total return during the lease period of more than 21 percent.

This Triple Net Lease Lowes is located at 250 South Conestoga Drive. Lowe's is situated on approximately 30 acres. Built in 2008, the property was sold with an assumable 22-year self-amortizing loan at 7.2 percent with 20 percent down.

Net Lease Properties Search & Commercial Loans

If you feel this is the right time to invest in Commercial Real Estate, Multi-Family Apartment Buildings, or Net Lease Properties then contact us, HERE. We can also assist you with your Commercial Real Estate Mortgage and Net Lease Funding to purchase a new property.

Triple Net Lease Video, Dollar General

We have a short Video with an explanation of how Dollar General has moved from a Gross Lease Structure to a Triple Net Lease Structure.

Commercial Real Estate Funding & Search For Triple Net Lease Properties

If you feel this is the right time to invest in Commercial Real Estate, Multi-Family Apartment Buildings, or Triple Net Lease Properties then contact us, HERE. We can also assist you with your Commercial Real Estate Mortgage and Net Lease Funding to purchase a new property. Let us help you secure financing for a Dollar General, Net Lease Property.

Commercial Real Estate Lending

Commercial Real Estate financing experts are taking some comfort in a national report of a 12 percent rise in Commercial Real Estate and Multifamily Mortgage loan originations during the first quarter, compared with the same period of 2009.

This is a nice trend, 12% rise in Commercial Real Estate and Multifamily Mortgage loan originations, if we can keep it going.

However, some observers say it is too early to declare a significant nationwide rebound in financing for Commercial Real Estate. Commercial Real Estate is still mired in debt problems and a severe drop in new construction.

In its May report on the first quarter, the Washington, D.C.-based Mortgage Bankers Association said loan origination volume was actually 26 percent lower than during the fourth quarter of 2009.

Commercial Real Estate Financing Still Available

If a Multifamily Apartment Complex is of interest to you then contact us, HERE. We can also assist you with your Commercial Real Estate Mortgage and Net Lease Funding to purchase a CVS, Walgreens, Target, Publix or other property.

Commercial Real Estate Video

Enjoy this Video on the Phoenix, Arizona Commercial Real Estate Market. They speak about Commercial Real Estate Properties with a sublease, keeping a tenant, and Commercial Real Estate landlord suggestions.

Commercial Real Estate Financing & Search For Triple Net Lease Properties

If a Multifamily Apartment Complex is of interest to you then contact us, HERE. We can also assist you with your Commercial Real Estate Mortgage and Net Lease Funding to purchase a CVS, Walgreens, Target, Publix or other property.

Leased Investment Properties in California

Sacramento, CA - Some People felt that Gov. Arnold Schwarzenegger's plan to sell two dozen state Office Buildings would cost California taxpayers billions of dollars in rent in the years ahead, far more than the state would make from the sale.

The State would lease the Office Buildings from the New Owners. The California terms for the lease of the Office Buildings from the new owners for 20 years. Over that period, it would pay $5.2 billion in rent, according to documents prepared for potential buyers of the sale-leaseback agreements.

The terms of the proposed leases also say the state would have to pay a monthly fee for nearly 3,500 parking spaces it now controls, adding $138 million to the state's costs over the next two decades. California taxpayers would even cover increases in property tax assessments once the buildings are sold.

Purchase and Sale-Leaseback

Well, The State of California, California Department of General Services (DGS) has received our Offer plus an estimate of more than 300 other offers to purchase and lease back 11 state office properties. Multiple bids were received by California for their exclusive Office Building portfolio which totaled in excess of $2 Billion.

The bids were received after CB Richard Ellis placed the properties on the market in late February. This generated worldwide interest from numerous buyers seeking stable, Leased Investment Properties.

The sale is also expected to net significantly more than the anticipated $660 million in proceeds that the state of California originally projected. Those proceeds should be funneled directly into the General Fund, helping to save Californians from increased taxes and deeper cuts in state programs and services.

Search Commercial Real Estate & Non-Recourse Loans

CONTACT US HERE for a solid recession resistant net lease investment. We can assist you with your search for Net Lease Property Investments. Also contact us to sell your existing Net Lease Properties portfolio.


We specialize in providing Triple Net Lease Properties to investors who are involved in a 1031 exchange.
CONTACT US HERE for:
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When you are purchasing Commercial Real Estate or a "NNN" Triple Net Leased Property, you can apply for CTL Financing, Non Recourse Loans and Commercial Loans at Loanrise.com.

Anchor Tenant Publix Opens in Ponte Vedra

PONTE VEDRA, Florida - Net Lease Properties information today is regarding Publix. Regency Centers has recently announced the opening of a 54,340 square foot Publix supermarket at Nocatee Town Center. This Publix has leased the Property at Crosswater Parkway and Nocatee Parkway in Ponte Vedra.

This Publix Retail Store will include a Publix pharmacy, bakery, deli, floral and fresh seafood and will employ approximately 90 associates.

The Publix will be the first Retail store to open its doors in the new Nocatee Town Center. This Publix Retail store is in the Town of Nocatee, a master-planned community of more than 15,000 acres in northeast St. Johns County. Regency closed on the purchase of 21.44 acres of undeveloped land in December 2007 to develop the 69,802 square foot Retail Shopping Center that includes some small shop space and up to six outparcels.

Regency is the leading national owner, operator, and Developer of grocery Anchored and community Shopping Centers. The Company owns approximately 400 Retail Properties.

If you feel this is the right time to invest in Commercial Real Estate, Apartment Buildings, Net Lease Property or a Retail Shopping Center, CONTACT US HERE. We can also assist you with your Commercial Real Estate Mortgage and Non-Recourse Loan to purchase a new property.

There are plenty of benefits of Net Lease Investments such as using a 1031 tax deferred exchange. Unlike other investments, commercial real estate is a great tax saver and helps you eradicate capital gains tax by using the 1031 tax free exchange.

1031 Exchange, Tax Deferred Exchange Information

1031 Exchange - Tax Deferred Exchange - Asset Preservation

A 1031 exchange, also known as a tax deferred exchange is a strategy and method for selling a property, that's qualified, and then proceeding with an acquisition of another property (also qualified) within a specific time frame. The logistics and process of selling a property and then buying another property are practically identical to any standardized sale and buying situation, a "1031 exchange" is unique because the entire transaction is treated as an exchange and not just as a simple sale. It is this difference between "exchanging" and not simply buying and selling which, in the end, allows the taxpayer(s) to qualify for a deferred gain treatment. So to say it in simple terms, sales are taxable with the IRS and 1031 exchanges are not. The 1031 Exchange works great for example if you are selling a McDonald's or Walgreen's and you trade up to 2-3 Burger Kings, Walgreen's, CVS site or a Walmart site.
Look at: US CODE: Title 26, §1031. Exchange of Property Held for Productive Use or Investment

Most buyers and sellers of Commercial Real Estate look at 1031 exchanges as an option as they consider their investment agenda. They figure that they defer paying state and federal capital gains taxes and depreciation recapture until they die and their estate goes to their spouse, charity or their children. They may also be able to hold off the alternative minimum tax that might sneak up on them if they were to sell a Commercial Property.

Contact us HERE if you are in need of a qualified intermediary for your 1031 Exchange.
We can also help you with any Commercial Real Estate Mortgage you may need if moving up to a larger Triple Net Lease Property or other Commercial Real Estate.

When you are purchasing Commercial Real Estate or a "NNN" Triple Net Leased Property, you can apply for CTL Financing, Non Recourse Loans and Commercial Loans at Loanrise.com.

Net Lease Properties Ready For Funding From Ocean Bank

MIAMI, Florida - We at Triple Net Commercial Real Estate would like to re-visit an older story we did.
This may give you some ideas for Commercial Real Estate Financing. We also have some Mortgage Specialist we could recommend.

Ocean Bank has announced that it provided a loan of approximately $11.7 million to Elias and Jorge Kasabdji. The Kasabdjis are principals of Flagler 4100 Property LLC. The funds are for construction of a 144-room Best Western hotel which will be located at 4100 W. Flagler Street, in Miami.

Armando Martinez and Iliana Ivis Rodriguez were the Ocean Bank loan officers handling this timely transaction. Brian L. Fink of Catlin Saxon Fink & Kolski LLP, in beautiful Coral Gables, represented Ocean Bank in the deal. 4100 Property LLC was represented by Lawyer Roberto F. Fleitas of Fleitas & Bujan, in Miami.

Ocean Bank, founded in 1982, and is the largest independent, state-chartered commercial bank based in Florida. Despite having an out of the ordinary start in trailer offices, Ocean Bank has more than $4.6 billion in assets.

Ocean Bank currently has branch locations in Dade and Broward Counties.
We have found several Banks that are available as Triple Net Lease Properties.

Holiday Inn Express Hotel & Suites opens in downtown Largo

TAMPA, Florida - Holiday Inn Express Hotel & Suites - Largo Central Park has just opened, as announced by developer BayStar Hotel Group. This new Hotel is located at 210 Seminole Boulevard, in downtown Largo. The cost of this hotel was $11 million. It is a five-story hotel with 95 guest rooms, including 29 suites.
BayStar Hotel Group, which developed, owns and operates the nearby Hampton Inn & Suites Largo Central Park.
The new Holiday Inn Express possesses a 100-seat, 1,240sf meeting room, along with a state-of-the-art executive board room.
Now, they can offer 187 rooms in the Largo Area. They can accommodate groups attending events at the Largo Cultural Center, and serve the medical and business community.
Holiday Inn Express hotels participate in the InterContinental Hotels Group guest loyalty program.
If you stay at this hotel you must frequent Frida's Cafe & Bakery. Frida's is about 1 and six tenths of a mile, south east of Holiday Inn Express Hotel & Suites. Frida's has great sandwiches and unreal baked goods. Bring your laptop to Frida's and use their free WiFi.
NNN Commercial Real Estate has enjoyed many stays at Holiday Inn Express across America.

Net Lease Properties reports Tavira high-rise construction

BONITA SPRINGS, Florida - Construction of Tavira at Bonita Bay has topped out. The last major roof slab on the 26-story residential high-rise has been poured, and construction is on schedule with completion slated for next fall. The Lutgert Companies and Boran Craig Barber Engel Construction Company Inc. broke ground for the building in October 2007.
Net Lease Properties are hard to find in this area with a high cap-rate.
Triple Net Lease Properties was analyzing a Charter School as a Net Lease Investment in the area.
The sixth of eight high-rises planned along Estero Bay in Bonita Bay, Tavira is next to Estero Bay Park, one of three waterfront parks within the 2,400-acre master-planned community. The building will have a rooftop sunset terrace with views of Estero Bay, Bonita Beach and the Gulf of Mexico.
Forty-three of Tavira’s 90 residences, including the two penthouses, have been sold. Home prices range from $1,606,000 to $2,853,000.


CONTACT US HERE for:
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1031 Tax Exchange & Commercial Real Estate

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CONTACT US HERE for:
1031 exchanges
Commercial Lease Properties
Triple Net Properties
Investment Property For Sale
Buying Investment Property
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