A 16,016sf 24-hour Walgreens in Las Vegas recently sold for $27.8 million ($1,736/sf) making it the highest-traded single-tenant net-leased drugstore in the US, according to a GlobeSt.com report. The property is located at 3025 South Las Vegas Blvd., two blocks … Continue reading →
The Washington Business Journal recognized CoStar Group’s leaseback of its Washington headquarters building at 1331 L Street NW as the Best Real Estate Deal of 2011 in the Urban Office Sale category, according to MarketWatch. The 169,429sf Class A building … Continue reading →
Leaseback transactions are expected to reach a value of $328 million in the Twin Cities this year. This is almost a ten-fold increase from 2010, according to a report in the Star Tribune. In a leaseback, an asset is sold … Continue reading →
David G. Hunt provides some factors for firms to consider in deciding between purchasing and leasing commercial property: 1. The availability of capital: Firms should evaluate their capital requirements now and in the near future. Real estate should not take … Continue reading →