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Wilmette, IL (PRUnderground) June 29th, 2021 The Boulder Group, a net leased investment brokerage firm completed the sale of a single tenant Bob Evans located at 1050 El Jobean Road in Port Charlotte, Florida for $1,955,250. The 5,398 square foot Bob Evans sits on 2.09 acre in a dominant regional retail corridor along El Jobean Road. El Jobean Road is a primary thoroughfare in the area that experiences traffic counts of 25,500 vehicles per day. The Bob Evans is an outparcel to Port Charlotte Town Center, a 765,000 square foot mall with over 100 stores.  Retailers located within the mall incl...

Share: Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction The Boulder Group, a net leased investment brokerage firm completed the sale of a net leased BMO Harris Bank condominium located at 201 South Grove Street, in Barrington, Illinois for $5,406,000. The 30,531 square foot condominium benefits from its location in close proximity to Lake Cook Rd and South Northwest Highway (28,700 VPD). The building is also positioned directly across from the Barrington Metra Station (Union Pacific/Northwest Line) which runs directly southeast to downtown Chic...

Traditional mall retailers are exploring freestanding locations, bringing a new breed of tenant to the net lease market

The CRE Industry is Battling Back Against Proposed Tax Reforms Industry pros fear that the slew of proposed measures, if enacted, would lead to a steep drop in deal volume and pricing. Commercial real estate  stakeholders are rolling up their sleeves and digging in to battle proposed tax reforms that could deal a devastating blow to the investment marketplace. The two issues garnering the most attention are a $500,000 limit on the amount of capital gains that could be deferred in a 1031 exchange and an increase in the maximum capital gains tax rate from 20.0 percent to 39.6 percent. ...

Seven Must Reads for the CRE Industry Today (Apr. 30, 2021) Realty Income Corp. is buying net lease REIT VEREIT, reports the Arizona Republic. The CEO of MGM Resorts sees a robust leisure recovery ahead, according to Barron’s. These are among today’s must reads from around the commercial real estate industry. NYC Will Fully Reopen July 1, Says Mayor Bill de Blasio “Restaurants, gyms, shops, hair salons and arenas will open at full capacity. Smaller theaters could reopen over the summer and Broadway is on track for opening by September. Schools will be back at ‘full strength’ i...