First Industrial Realty Trust’s Post

Exciting growth

Cedar point Ohio

Thanks to the City of Covington, Georgia, our manager for Retail Commercial Development, Daniel, had the opportunity to speak about retail development and opportunities along the corridor at Elevate Highway 278 CID Board today. “There are several retailers who need sites along this corridor,” said Daniel Martin, CLS. “This presents an excellent opportunity to redevelop and improve the character of several key gateways to the downtown.” Highway 278 CID, also called the Newton County Community Improvements Act, legislation that sets in motion improvements to make the U.S. 278 corridor more dynamic and attractive to high-end businesses and increase property values for owners already located within the CID. On average, US 278 has several areas that see more than 30,000 cars per day! Phase I of the 278 Improvement project is slated to begin in the first part of 2028, overhauling traffic intersections, lighting, landscaping, sidewalks, and medians. This has the potential to impact Hwy 278 and the City of Covington significantly and promises to be a game-changer. #EconomicDevelopment

Indigo Fields Boulevard- North Charleston

In my latest story about downtown Spencerport, I share a link to the Ogden Comprehensive Plan. Read this at https://lnkd.in/eCxmehqF

For Sale: 176-178 Court St, Plymouth, MA, 02360 – $1,895,000 – Email pat@ryanrealtygrp.com for additional details and showing requests. Investment opportunity in downtown Plymouth, MA. A mix of residential and commercial tenants offers diversified income streams with a balance of retail and residential spaces. Both the residential & commercial units have been well-maintained and offer modern finishes. The commercial spaces are suitable for retail or professional offices. Ample on-site parking with dedicated parking spaces for each unit. Close to iconic landmarks, parks, beaches, boutique shops, acclaimed restaurants, and major transportation routes. Large 24x24 detached garage with a bay and dedicated parking could be rented for additional income. The property has a strong rental history and a stable tenant base. Current rents are under market value. Long-term investment security with Plymouth's growing popularity and rich history. Whether you want to diversify your real estate portfolio or capitalize on the thriving local economy, this mixed-use property is poised to deliver value and lasting appeal. MLS #: 73230148 https://lnkd.in/e5Q4HDdQ

We are thrilled to announce that the construction journey on the iconic Seattle Slew project is nearing its grand finale! 🎉 As we put the finishing touches on these magnificent homes, we are filled with a sense of pride and immense gratitude. Seattle Slew isn’t just a project; it's a canvas where dreams are built, and memories are waiting to be made. Each home has been crafted with meticulous attention to detail and a commitment to quality that stands as a testament to the Frazier Homes legacy. 🔹 Why Triple Crown, Union Ky? Nestled in a serene setting that promises peace and privacy, these homes are designed to blend luxurious living with functional elegance. From bespoke designs to eco-friendly features, every corner speaks of thoughtfulness and sophistication. 🔹 Looking Ahead: As we approach the finish line, the excitement is palpable. Not just for us but for the homeowners waiting to start a new chapter of their lives. We’re not just handing over keys; we're opening doors to a future filled with joy, comfort, and countless wonderful memories. 🔹 Thank You: A huge shoutout to everyone involved - our incredible team, our partners, and most importantly, our clients, who have trusted us with their dreams. Your vision inspires us, and your satisfaction drives us. Here’s to the beginning of many wonderful moments in your one-of-a-kind Frazier Home. Stay tuned for the final reveal! 👷♂️🏡 #SeattleSlew #HomeSweetHome #FrazierHomes #NewBeginnings #ConstructionUpdate #knowthedifference #luxurycustomhomebuilding Feel free to share this post, and don't hesitate to contact us if you’re dreaming of your own Frazier Home masterpiece! 🌟📞

According to a Q3 2023 report by MSCI Inc., the office sector is currently facing the highest amount of #distress in the real estate market with $32.5 billion in distressed office assets, including both financially troubled and bank-owned assets. MSCI Inc. estimates potential distress in #office to be an additional $50.3 billion. Many office property owners are heading for the exits amid weaker demand and looming #debt maturities, while some, and very few, #opportunistic private #equity groups are beginning to capture what could be once-in-a-generation buying opportunities. One of those #privateequity opportunistic groups is the venture of The Bascom Group affiliate Harbor Associates, LLC, led by Joon Choi, Justin Loiacono, Paul Miszkowicz and Rich McEvoy, CCIM and F&F Capital Group, led by principals, Jeff Frieden and Robert Friedman. The venture recently acquired Westwood Terrace, a 164,700-square-foot five-story #distressed office building at 1640 South Sepulveda Boulevard in Westwood for $44.7 million or $271 per square foot — nearly 52% less than it traded for five years ago. Westwood Terrace was built in 1987 and located a block north of Santa Monica Boulevard. According to the The Real Deal, the seller was New York-based JPMorgan Chase & Co., which acquired the property in lieu of #foreclosure from a partnership that previously bought the building in 2018 for $92.5 million, or $562 per square foot. A $60 million loan from JPMorgan Chase & Co. was tied to the #property, for which the unidentified partnership failed to make payments or secure refinancing, resulting in the lender taking control of the #building. The building was 80 percent leased at the time of sale this month. 1640 Sepulveda had been repositioned in the market under the direction of top LA #architect, ShubinDonaldson . Spaces offer views of Century City, Beverly Hills and #Westwood. The Penthouse features a balcony on Sepulveda while all tenants enjoy the private patio to the north of the building with new decking, pergolas, and landscaping. Various suite sizes are available.  1640 Sepulveda is centrally located off the 405 Freeway and Santa Monica Boulevard, offering employees the opportunity to shorten their commutes. The Real Deal https://lnkd.in/g5q3EGWD #commercialrealestate #realestate #cre #realtor #realestateinvesting #commercial #commercialproperty #realestateinvestor #business #investment #propertymanagement #investmentproperty #construction #officespace #realestatebroker #broker #commercialrealestatebroker #investing #realestatelife

Great to see vibrant activity in the Indy area; Esp at Castleton.The plan lays out recommendations for $169 million in added assessed value for the mall area; $96 million in the proposed Howland Greenway; and $150 million along the Nickel Plate. It estimates 336,000 square feet of repositioned or new retail space would be added, along with 458,000 square feet of office space, more than 600 hotel rooms, about 1,750 multifamily units and 34 acres of parking. The report suggests waterfront, boardwalk-type development along a stormwater pond south of 82nd Street, as well as a pedestrian arcade. Those features would be surrounded by such developments as covered parking, a hotel, and residential and retail space. It also imagines the former Sears store on the east side of Castleton Square Mall as an entertainment space, including a small stage and outdoor seating on a plaza. New offices, residential buildings and concealed parking structures are proposed for the far-eastern portion of the property, along with new internal streets. But all those changes would require buy-in from area developers and property owners, including local firms Simon Property Group, The Broadbent Co. and Sunbeam Development Corp., experts say.

How can the story of the stonecutters inspire you to find purpose in your work? After the Great Fire of 1666 destroyed much of London, the renowned architect, Christopher Wren, was tasked with restoring St. Paul's Cathedral. As Wren observed the stonecutters working on the reconstruction, he asked each of them a simple question: "What are you doing?" Their responses revealed three distinct perspectives on their work. While the first stonecutter saw it as merely cutting stone and the second focused on earning a wage, the third stonecutter saw himself as part of building something greater – the magnificent cathedral. When we lead with purpose, we activate a powerful force within ourselves and our teams, enabling us to navigate challenges with resilience and determination. Learn how to gain a greater sense of purpose in your career on the vlog>>> https://lnkd.in/gkUzxzzN #transformationalleadership #leadershipcoach #purposedrivenleadership