A Split Congress Could Bode Well for 1031s(11/19/2020)-Real estate has always been a scapegoat for economic troubles. As the wrangling over the Oval Office continues, there could be good news in the cards for 1031 like-kind exchange investors. And here’s why. Despite campaign promises to keep or alter 1031s, this isn’t a decision that will come from the White House alone.
Amazon’s Online Pharmacy Targets Popular Net Lease Segment(11/19/2020)-Amazon expects to generate revenue upwards of $130 billion by 2025 from this new offering. Through the pandemic, pharmacies have been an e-commerce resistant segment of the real estate market. But that could be changing with a new announcement from Amazon.
Net Lease Volume Ticks up With These Four Sectors Performing Best(11/14/2020)-The bellringer was QSR, which leaped quarter-over-quarter from 49 to 91 deals. The pandemic is still with us, but the markets are beginning to absorb what is tiringly called the “New Normal.” Avison Young’s Third Quarter Cap Rate Report reveals as much, pointing to an increase in net lease activity by 13.8 percent over the
Prudent Growth Partners Bolsters Retail Portfolio(10/27/2020)-The company paid $4.5 million for two Dollar General and three Family Dollar stores in North Carolina. Prudent Growth Partners has added five assets to its growing retail portfolio. The dollar stores, located throughout North Carolina, traded for a total of $4.5 million in five separate transactions.
Nelson Team Markets Harlem Retail(10/2/2020)-The Tri-State Investment Sales Group for Avison Young is marketing 324 W. 125th St., a 32,247-square foot retail building in Harlem. The asking price is $40,500,000.
Net Lease Investors Come Off the Sidelines and Flock to Sure-Bet Deals(9/16/2020)-It should come as no surprise that the COVID-19 pandemic sent the investment market reeling. When the full impact of the crisis was setting in back in the first quarter, all sectors of the net lease market felt the dire pinch. Slowly, however, investors seem to be coming out of hiding and creating some activity,
Avison Young Brokers Sale of Children’s National Prince George’s County at Woodmore Town Center(9/14/2020)-Jonathan Hipp, Avison Young Principal and Head of the U.S. Net Lease Group, today announced the sale of Children’s National Prince George’s County at Woodmore Towne Center in Glenarden, Maryland to Municipal Acquisitions. On behalf of Heritage Partners, a national full-service real estate development firm based in the Mid-Atlantic, Hipp brokered the $39.3 million sale using a