Chuck Salley, SIOR’s Post

For the first time ever, the Las Vegas Valley landed among the top 10 markets nationally for new industrial space under construction. As the cost of doing business continues to rise in the Golden State, many California-based companies are turning their attention toward Southern Nevada. Drawn to #ClarkCounty’s lower land costs, speedy entitlement processes and advantageous location for logistics and distribution facilities, our region is an ideal alternative for companies looking to spend less without sacrificing convenience. Read more from the Las Vegas Review-Journal: https://lnkd.in/gERZ_P_U

±107,612 SF CLASS A ADVANCED MANUFACTURINGING Strategically situated with freeway frontage on Interstate 80 in Davis, 3808 Faraday Avenue is positioned approximately 15 minutes west of Downtown Sacramento, 20 minutes southwest of the Sacramento International Airport, and 90 minutes east of the San Francisco Bay Area, ensuring excellent accessibility and freeway signage opportunities. A unique ±107,612 SF state of the art facility in the supply constrained Davis market. The property is conveniently located less than 3 miles east of University of California, Davis, which serves as a driving force for producing top employee talent in the region. As the largest employer in the city and renowned as a world-class research and development university, it set a record in the fiscal year 2021-22 by raising over $1 billion in external research funding, surpassing the previous year’s total by $103 million. Zoned as Planned Light Industrial/Business Park, the property is suited to accommodate advanced manufacturing, research and development, light industrial and distribution uses. Go to Featured Listing: https://lnkd.in/gp3F35E6 ----- For all available listings for April 2024 including industrial, office & new developments, go to https://lnkd.in/gBPiBeS4   #BuzzOates #IndustrialRealEstate #OfficeRealEstate #CommercialRealEstate

"Renewal of Washington Post's Downtown Lease" Read the full article below..

Contact Matt Pourcho, Matt Harris or me this week to learn more about our 8250-8260 Camino Santa Fe, San Diego, CA listing. This is a very unique Multi-Tenant Industrial site. Investment Highlights Include: * 96% leased to 8 tenants across a variety of industries with staggered rollover. Mark-to-market upside opportunity with in-place rents 13% below market, producing an attractive 6.7% Year 3 Cap Rate and 7.2% Year 4 Cap Rate.  Ownership has recently signed two new deals at market rents, proving out the ability to increase rates.   * Exceptionally well-maintained industrial project with recent capital improvements including new exterior paint, suite and directional signage, monument signage, parking lot resurfacing, and new landscaping throughout.   * Adjacent to Torrey Pines and Sorrento Mesa, home to San Diego’s highest concentration of Fortune 500 and life science companies including Google, Apple, Amazon, Sony, Qualcomm, Pfizer, J&J, FedEx, and UPS, amongst many others.   * Miramar’s industrial vacancy rate has not exceeded 5% in over 10 years. Miramar’s current vacancy is 3.5%, while its 5-year average is 2.4%. Miramar asking rents continue to climb, posting year over year increases of 4%, as of Q1 2024.   * Excellent Ingress/Egress: Immediately adjacent to Miramar Road Blvd with direct access to the 805 and I-15 Freeway providing access to all of Southern California. #CBRE #CRE #SanDiego #Industrial  

Ready to elevate your portfolio? Presented by Richard Egitto, CCIM, The Offices at Victory Ridge, listed at $25,950,000, provides a unique opportunity for an Investor to own in the fast-growing submarket of Northeast Colorado Springs, CO.   The Offices at Victory Ridge is a two building class A trophy asset that completed in 2019. It is located just east of Interstate 25 at the southeast corner of InterQuest and Voyager Parkways. While leasing activity declined during the height of COVID-19, the property is now experiencing renewed office and retail interest. It is currently 33.8% leased to credit rated tenants.   Designed with expansive windows offering western mountain views, the property features rectangular floor plates, 10’ ceilings, ground floor retail with 18’ ceilings, third-and-fourth-floor balconies, first-floor patio spaces, and a wraparound top floor balcony with unobstructed mountain views.   Investment highlights include: ✳ Generous discount to replacement cost ✳ Located in a rapidly growing submarket with robust market fundamentals ✳ Proximate to a significant aerospace, corporate, and healthcare presence including Philips, Oracle, Lockheed Martin, Northrop Grumman, CommonSpirit, and UnitedHealthcare ✳ Part of the greater Victory Ridge development that includes abundant retail, residential, hospitality, a 15-screen Icon Cinema, and regional base of operations and distribution for In-N-Out Burger   🔗 Click the link below to sign a CA and view the offering materials: https://lnkd.in/eszU8jE7 #CapitalMarkets #CREInvestments #OfficeInvestment #CreditTenants #CommercialRealEstate #ColoradoCRE

Happy Wednesday!! 😀 MISSION AND VISION!! Region’s Largest Spec Industrial Facility Breaks Ground Author | Kimberly Ballard All it takes is a mission and a vision for Huntsville’s long-term strategic plan to build a multicounty regional economy in North Alabama to take shape. One of the components of that vision dropped into place recently as the Huntsville-Madison County Chamber of Commerce and the Limestone County Economic Development Authority joined the Hollingsworth Cos. in breaking ground on the largest speculative industrial facility in North Alabama. HBJSouthPointParkIt is the 11th facility Hollingsworth has built in the SouthPoint Business Park, which has already provided hundreds of jobs and millions of dollars in investments. When finished, the new building will be home to more than 1.9 million square feet of industrial space. Located off Interstates 65 and 565 and five miles from the Mazda Toyota Manufacturing plant, the park is suitable for high-growth manufacturing and distribution companies who benefit from a location along the I-65 corridor in North Alabama. SouthPoint Business Park is already home to HDT Global, Custom Assembly, Redline Steel, Woodbridge, Supreme Beverage and Aldez. While shovels moved dirt for the sprawling new building, local and state officials and members of the business community toured two industrial buildings now available in the park. The two buildings provide 173,888 and 109,080 square feet for companies looking to expand or relocate their manufacturing and distribution facilities. “In spite of the economic pressure of COVID-19 and this being an election year, we are very bullish on the North Alabama market,” said Joe Hollingsworth, CEO of The Hollingsworth Cos., the largest nonurban industrial real estate developer and construction firm in the Southeast. “We have grown our business on the belief that American manufacturing will continue to prosper, and the Southeastern United States will lead this growth. I would like to thank the community for being willing to invest time, effort, and money into being a true partner in making this park successful. To finish this article, please click here: https://lnkd.in/gnJEb3NJ #deancommercialrealestate #realestate #commercialrealestate #commercialinvestors #investors #propertyinvestors #officespacee #retailspace #medicaloffices #warehouses #huntsvillealabama #madisonalabama #decaturalabama

In the ever-evolving landscape of industrial real estate, certain locations emerge as strategic epicenters that hold the keys to economic growth and development. One such location that has been steadily gaining prominence is the stretch of Interstate 85 (I-85) running north of Atlanta, Georgia. This corridor has become more than just a highway; it’s a gateway to the Northeast and the Atlantic Coast. The I-85 corridor’s strategic value for industrial storage and logistics is hard to overstate. Read more: https://lnkd.in/gdqDeFsP

Great event with Austin Business Journal and San Antonio Business Journal: “Austin-San Antonio Growth Summit - Texas’ Next Metroplex” It is no secret that both residents and businesses continue to move to Austin and San Antonio. With the outlook of growth, infrastructure, and future projects, eventually Austin and San Antonio merge a bit more creating one large metroplex with #SanMarcos merging the two. Yes we all have seen a slight pull back on some large projects or companies not snatching up commercial real estate/real estate like a couple of years ago. However the longer term outlook for these two cities is very promising and should see tremendous growth in all aspects soon enough. Buckle up for the future of these two cities! Merging into one giant metroplex. #ABJ #Austin #SanAntonio #Texas #AustinTx #CommercialRealEstate #Construction #RealEstate #LandDevelopment #civilengineering #GeneralContractors #LandSurvey #LandSurveying #LandSurveyors

Driven by the e-commerce boom, strong population growth and large occupiers entering the market, Austin’s industrial base inventory has expanded by 33.8% with 28.6 million square feet (msf) delivered over the past 3 years. Areas of significant industrial development include the I-35 corridor in Hays County, southeast Austin and the Georgetown/Round Rock area. The appeal of these submarkets include the variety of employment opportunities, proximity to the major cities in the Austin metro, housing prices, vibrant community events, safe neighborhoods, outdoor amenities and a competitive cost of living index. https://lnkd.in/gSsTyhfM

An interesting trend in the OC Commercial Real Estate market... A three-building commercial complex in Santa Ana will be torn down and replaced by a distribution facility, joining a growing field of logistics buildings sprouting along the southern stretch of the 55 freeway. Learn more: https://brev.is/v9O0H.