Net Lease

Proposition D was approved yesterday and it authorizes a vacant property tax on ground-floor commercial space in certain commercial districts with revenues dedicated to assisting small businesses.

The portfolio consists of more than 1.9 million square feet of space across 11 of the 19 Chicago submarkets. Capital One provided the debt financing for the acquisition. Venture One will continue to manage the portfolio.

The acquisition includes Bloomfield Business Park, which consists of 16 multi-tenant warehouse/flex buildings and five multi-tenant buildings along Commerce Lane in the Commerce Lane Business Park.

More than 70% of single-tenant net lease transactions were priced less than $10 million last year, says Josh Campbell, senior vice president at Stan Johnson Company, in this EXCLUSIVE.

Retail rents are strong in Los Angeles, but despite the positive trends, the vacancy rate continues to climb.

The fund will work to match new tenants to existing landlords that have invested in the fund.

The third-party logistics provider signed the warehouse lease deal with building owner Clarion Partners of New York City.

Despite 6.4 million square feet in industrial deliveries in 2019, the vacancy rate in Phoenix stayed below 10%.