Triple net leases (NNNs) are attractive investments because they can provide a steady stream of consistent, passive rental income without requiring investors to pay property fees or become mired in the day-to-day operations and management of the real estate. However, not all NNN properties are created equal. Following are three […]
Orion Real Estate Group recently acquired two portfolios of a combined 41 Walgreens pharmacies in nine states for a total purchase price of more than $195 million. Orion, in a joint venture with Limestone Asset Management, closed on a $133 million purchase of 27 freestanding Walgreens representing 207,000 square feet-of […]
The Federal Open Market Committee concluded its June meeting, keeping interest rates steady and reiterating its position that current inflationary pressures are transitory. However, in a post-meeting press conference, Federal Reserve Chairman Jerome Powell remarked, “As the reopening continues, shifts in demand can be large and rapid and bottlenecks, hiring […]
In another sign that brick-and-mortar is alive and well, Google in June opened its first physical retail store, allowing consumers to touch and interact with the company’s wide range of products and services, including Pixel phones, Nest smart thermostats and Fitbit devices. This is nothing like the temporary, pop-up stores […]
Orion Real Estate Group today announced it sold a 23,138-square foot fully leased commercial building in St. Petersburg, Fla., for $5.3 million. The buyer was an undisclosed private investor. The property, located at 1900-1908 4th Street North, borders the 54-acre Crescent Lake Park in Downtown St. Pete and sits across […]
Orion Real Estate Group today announced it has sold Coral Park, a 49,134-square-foot strip shopping center in Miami, to a private investor for $19 million. The property, at 9720-9806 SW 8th St., is one mile from Florida International University (FIU) and includes recently extended, long-term, triple-net leases with name-brand tenants […]
The way in which many commercial real estate properties are set up, there is often an anchor tenant(s), such as a grocery store or gym, that generates a steady stream of daily foot traffic, which then helps to support the business of their neighboring tenants. Based on this model, it […]
In the world of commercial real estate investing, an estoppel letter is one of the many documents investors may request as part of their acquisition due diligence to verify the economics of tenant leases and proof of cash flow. They essentially help investors determine whether the price paid for real […]
The past year of pandemic life has accelerated residential home sales, especially in warm-weather, secondary markets where buyers can find more room to roam – both indoors and out. As more people get vaccinated and re-enter society, we are seeing the impact of these demographic shifts on commercial property, where […]
As consumer prices surged in April, so did the rate of inflation, which reached its highest level in more than a decade and signaled a potential warning to stock and bond investors. As inflation rises, consumers spend less, driving down corporate revenue and profits while increasing market volatility. This rule […]
Posted on August 11, 2021