Dan Ritterman’s Post

Newmark is pleased to announce the sale of Plaza on the Lake, a one-of-a-kind asset in Southwest Austin. With direct frontage to Pennybacker Bridge in the Loop 360 Corridor, the asset is the only office property in Austin with direct frontage to Lake Austin. Plaza on the Lake is anchored by a stable investment grade tenant, SONY Interactive Entertainment. The property was 69% leased at the time of sale to credit-worthy tenants in resilient, high-growth industries including healthcare, tech, and software. The Southwest submarket remains as one of Austin’s most desired suburban, affluent office locations. Read More -->  https://lnkd.in/gVQcnjJx DEAL TEAM: Chris Murphy, Robert Hill, Gary Carr, Austin Sheahan, Addisyn Green, Paul (PJ) Rasmussen and Chris McColpin #NewmarkTexas #CapitalMarkets #Austin

Last Thursday, Federal's VP of Creative Planning and Development, Geoff Sharpe, took the mic at Bisnow's panel on "The Future of Friendship Heights and Chevy Chase." So, what's next for this historic area located directly across from Washington, DC? Geoff highlighted: 🔹 Market-Driven Development: How trending factors like increased residential demand are shaping our decisions in creating top-tier mixed-use environments. 🔹 Experiential Placemaking: Creating vibrant environments that seamlessly integrate residential, retail, and office spaces. 🔹 Investment Potential: Why Friendship Heights and Chevy Chase are prime for growth and investment. Thanks to Bisnow for hosting, and to Geoff for representing our vision for the future of #CRE development. Stay tuned for more insights and updates! #RealEstate #Investment #CommercialRealEstate #RetailTransformation

Do have vacant spaces on main street? Or maybe too many doctor and lawyer offices in storefronts and it's killing the energy on the street? Maybe you have too much of one kind of business and you need some diversity of businesses in your mix. Small-scale manufacturing can help with all of that. Here's a quick video about how. https://lnkd.in/geP45AK

Do have vacant spaces on main street? Or maybe too many doctor and lawyer offices in storefronts and it's killing the energy on the street? Maybe you have too much of one kind of business and you need some diversity of businesses in your mix. Small-scale manufacturing can help with all of that. Here's a quick video about how. https://lnkd.in/gsVmj2U

Do have vacant spaces on main street? Or maybe too many doctor and lawyer offices in storefronts and it's killing the energy on the street? Maybe you have too much of one kind of business and you need some diversity of businesses in your mix. Small-scale manufacturing can help with all of that. Here's a quick video about how. https://lnkd.in/gsVmj2U

Anthony Dilweg, founder and CEO of real estate firm Dilweg is preparing a strategy to position the firm for the future at a time of reduced demand he sees for #office properties. He plans to repurpose properties by turning dated, vintage office buildings into mixed-use developments and adding residential or retail uses to attract more demand and visitors. Discover more about the plans of the former NFL quarterback below.

Do have vacant spaces on main street? Or maybe too many doctor and lawyer offices in storefronts and it's killing the energy on the street? Maybe you have too much of one kind of business and you need some diversity of businesses in your mix. Small-scale manufacturing can help with all of that. Here's a quick video about how. https://lnkd.in/gsVmj2U

Dan Palmeri here with the latest scoop from my Las Vegas State of the Market talk with Travis Landes, SIOR! In this clip, Travis gives me his first quarter score but does it stand up until the end? Here’s what we're seeing: ✅ Market Stability: Despite a cautious approach in other regions, Las Vegas stands out with its robust and fast-moving office market. ✅ Creative Leasing: It’s all about creativity in negotiations, securing the best terms for our clients amidst a flurry of significant transactions. ✅ Investor Interest: With investors like those from Chicago eyeing our market for its stability, we're kept on our toes with constant inquiries. ✅ Exciting Redevelopments: Watch out for strategic redevelopments and conversions, such as turning a single-story office in Henderson into retail space. A first for Vegas outside the casino scene! ✅ Forecast for 2024: Looks like we’ll need to keep innovating with deal structures. The market may remain steady, but that just means we need to double down on our creativity. Las Vegas is buzzing, and not just because of the nightlife. We’re talking major growth in the office sector that’s reminiscent of Nashville or Austin vibes. Need insights? Hit me up or Travis. We're here to help. Watch the rest of our chat on my YouTube channel. Link will be in the first comment. Don't forget to like and subscribe! #lasvegasrealestate #stateofthemarket

🚉 From the Tracks Episode 46 of The R5 Connection with me and Gary Lozoff is now live!l On this episode, we discuss the following #news stories affecting #Philly #commercialrealestate: 1) Ballin’ at The Battery Talk about Electric. Jake Blumgart recently informed readers of The Philadelphia Inquirer about Ballers, the brilliant new #experiential #retail add to The Battery — Greater Center City’s ultimate lifestyle campus along the banks of the Delaware River. Ballers is the 45k+ sf, $10MM+ indoor sporting facility now under construction at the former power plant, which will include a massive turf field, dedicated squash, padel, and pickleball courts, golf simulators and other hospitality and entertainment improvements. David Gutstadt, the creator of Fitler Club, is leading Ballers’ executive and operations team. 2) Shifting #CRE Plates on Avenue of the Arts Philadelphia Business Journal, and Jake Blumgart and Ryan Riggs (among others) in The Inquirer have written on the impacts of the sudden closure of University of the Arts, which follows on recent shuttering of Cabrini College , Delaware College of Art and Design, and Pennsylvania Academy of the Fine Arts Arts. UArts’ Center City real estate portfolio is substantial — and prominent. And absolutely certain to attract massive interest among the usual opportunistic investors. 3) US Office Fit-Out Cost Increases are Moderating Andy Peters recently shared in CoStar News the results of a recent multi-market survey of year-over-year changes in #design and #construction costs for US #office fit-out projects. Mercifully, the composite for metro #Philadelphia reflect costs that are just slightly higher than 2023. What a relief! BUILDING WATCH: #Publicservice award of the week is pinned on Ximena Conde, for publishing (in The Inquirer) news that Southeastern Pennsylvania Transportation Authority (SEPTA) is in process of repealing its four-year+ waiver on parking fees at SEPTA regional rail lots and several garages. Can we spell institutional “tin ear?” SEPTA Regional ridership has not returned to anywhere near pre-pandemic levels — despite this concession. Why, then, take public steps now to increase the barrier to adding ridership? 📣All aboard!

We're moving! Check out our new address at The Hub, 2352 S. Park Street, Suite 438 Madison, WI 53713. We are excited for how this further integrates and connects us to Community and our DEIB Values. See you in Madison on Monday at our new offices! Check out more information on The Hub in the comments. #Moves #CompanyMoves #PeopleandProcess #BusinessContinuity