CenterPoint Properties’ Post

square yards Mira road East

💫 Air Space Opportunities 💫 Development opportunities present themselves in many different ways. Part 20 Class A is one of the best PD rights there is. It allows the construction of up to two additional storeys on top of existing detached purposed-built block of flats. #propertydevelopment #sempreproperty #Guildford #permitteddevelopment #planning #construction

Thinking about moving to Dallas? Now's a great time! Over the past five years, Dallas has outpaced New York in apartment construction, with a staggering 128,418 units completed! And we’re not slowing down—108,178 more are expected by 2028. With so much growth on the horizon, Dallas continues to shape the future of urban living in the US. Source: NY TIMES #DallasRealEstate #UrbanGrowth #FutureLiving #dallasliving #dallasrealtor #realestateinvestor #dallasliving #dallasrealtor #realestateinvestor #douglaselliman #douglasellimanrealestate #commercialrealestatebroker #arthurgreenstein #arthurgreensteingroup

Bridge building in West Sacramento

Time flies. It doesn’t feel like that long ago that I was helping El Dorado County finish up their lease and remodel of 768 Pleasant Valley Drive in Diamond Springs. Just shy of 11 years later, I am fortunate to have helped them renew their 14,000 square foot lease for Health and Human Services for 10 years. This renewal will economically benefit the County with favorable lease terms and tenant improvements that will positively impact their use of the space over the next 10 years - and in a beautiful building (which are tougher to come by than you think in El Dorado County). The real question is…will I be doing the next renewal in 10 years? #commercialrealestate #realestate #officespace 

It’s construction season in Michigan and we know that could inconvenience our patients as they make their way to important appointments at Sparrow offices in downtown Lansing. We’ve put together a quick guide for navigating the detours and cones so you can get where you need to go without too much hassle. US-127 is being worked on from Michigan Avenue to I-96 with closures at the Trowbridge Road ramps and westbound I-96 ramps. The work at the US-127 and I-96 intersection is scheduled to be completed in June 2024 and the Trowbridge intersection work is scheduled to be completed in December 2024. To avoid those issues, consider the following: • If you are coming from the north or south, Cedar Street and Pennsylvania Avenue are open. • If you are coming from the east or west, Michigan Avenue is open. More information on these projects and on construction timelines can be found at https://bit.ly/43m366O.

Did you know MnDOT’s I-94 Gap project begins this summer? The Gap Project will expand I-94 to six lanes, three in each direction to close the gap between Albertville and Monticello. Prep work is anticipated to begin in July 2024, with construction taking place between Spring 2025 through Fall 2026, with wrap up anticipated in 2027. More information is available on MnDOT's project page, and you can sign up for email updates! https://lnkd.in/gmbq4Gby If you would like to learn more about the project and speak with representatives from MnDOT, Wright & Sherburne Counties, and the City of Monticello; stop by our Public Open House to learn about 2024 construction and planning projects, including: - Resurfacing the Highway (TH) 25 Mississippi River Bridge - Starting the I-94 expansion between Albertville & Monticello - Constructing improvements to east County Road (CSAH) 75/Broadway Street - Constructing a roundabout at School Boulevard & Cedar Street - Constructing a roundabout at School Boulevard & Edmonson Avenue - Completing the Planning & Environmental Linkage (PEL) process for future transportation improvements between Highway 10 and I-94 Stop by between 6-7 p.m. to learn more about the expected traffic impacts, detours, and project details. There is no formal presentation, so you can focus on the projects that matter most to you. https://lnkd.in/gx3zyytp Open House Details: Tuesday, March 19, 2024 | 6-7 p.m. Monticello Community Center 505 Walnut Street, Monticello, MN 55362 #OpenHouse #construction #planning #TransportationPlanning #transportation #development #connectivity #ConstructionPlanning #Minnesota #ConstructionSeason #MnDOT #MonticelloMN #MyMonticello #MyMonti #WrightCountyMN #SherburneCounty

The winds of change are reshaping Miami-Dade’s commercial landscape, especially in the suburbs, and I'm thrilled to witness the transformation! 🌟 Bridge Industrial is turning the former Ryder HQ into a state-of-the-art warehouse complex that speaks volumes about smart growth and sustainability. Highlights: ☑ Two LEED-certified warehouses totaling 326,448 sq ft ☑ 32-foot ceiling heights offering incredible vertical space ☑ Delivery expected 3Q2025 This project isn't just about square footage; it's about adapting to the evolving demands of the market. We're seeing a shift from expansive office spaces to efficient industrial developments, reflecting changing work patterns and market needs. 📊 According to Colliers' Q2 report, Miami-Dade's industrial market is showing incredible resilience! Vacancy rates held steady at 4.3%, while average asking rents reached $17.11/sq ft NNN. Despite a surge in new supply, demand remains strong with significant leasing activity and most new properties expected to be fully occupied by mid-2025. The market is adapting and evolving, showcasing its strength and stability. For more detailed insights, check out the full report: https://lnkd.in/dvBjKnQc 🔍 What does this mean for Miami-Dade's future? It's this fascinating trend, suggesting that the demand for warehousing and logistics is outpacing traditional office space needs? This shift not only supports business growth but also highlights the importance of sustainable and smart building practices. Let's discuss! Read more about this exciting project in the South Florida Business Journal https://lnkd.in/g2in7ZXB #MiamiCommercialRealEstate #IndustrialDevelopment #SouthFloridaCRE #WarehouseSpace #SustainableBuilding #MiamiDadeGrowth #MiamiCorporateRE 

New Listing - Exceptional Development Opportunity 1.05 Acres for Sale 11758-11766 Conrey Rd, Cincinnati, OH 45249 Sale Price: $499,000 We are excited to present a prime commercial development opportunity in one of Greater Cincinnati’s most vibrant commercial districts! This 1.05-acre parcel offers an unbeatable location for various business ventures. Property Highlights: Strategic Location: Situated at the bustling intersection of East Kemper and Conrey Rd, providing excellent visibility and accessibility. Versatile Use: Ideal for light industrial purposes, single tenant medical office, or other commercial enterprises. High Traffic Area: East Kemper sees 17,596 vehicles per day, and Conrey Rd has 6,973 vehicles per day, ensuring high exposure for your business. Development Potential: This property represents a valuable asset for developers and investors looking to capitalize on the area's evolving commercial landscape. Its highest and best use makes it a compelling investment for anyone looking to establish a strong presence in a thriving commercial hub. Don’t miss out on this fantastic opportunity to bring your business vision to life in Blue Ash, Ohio! Property Specific Website: https://lnkd.in/gGp6VFG9 #CommercialRealEstate #DevelopmentOpportunity #BlueAshOH #InvestInCincinnati #CommercialPropertyForSale

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