June 18, 2013
Weighing Loan Prepayment Fees Against a Sale/Refinancing
GlobeSt.com
Here's a quick tip on a topic that can help your clients manage their properties: Weighing Loan Prepayment Fees Against a Sale/Refinancing. Feel free to pass along the attached flyer to any clients who are new to property ownership or... <read more>
June 18, 2013
NNN Retail Deals Hit the Market in Prized Development
CityBizList.com
Patrick Nutt, Managing Partner of Calkain Companies’ South Florida office, has been engaged to market and sell two new NNN restaurants; the newly constructed Carrabba’s Italian Grill and Outback Steakhouse located at the northeast intersection of Duval Road and Skymarks... <read more>
June 18, 2013
Prized Triple Net Retail Hits Market
GlobeSt.com
A prized triple net retail development in Jacksonville has hit the market. The newly constructed Carrabba’s Italian Grill and Outback Steakhouse is up for sale.
The seller tapped Calkain Companies to market the triple net restaurant assets, which are located at... <read more>
June 12, 2013
Net Lease Trend Report
The Capview Spyglass
2013 has opened much the same as 2012 ended - with demand high and supply low for the net lease sector. Investors continue to hunt for assets combining prime tenant, location and lease terms but due to the continued low... <read more>
June 10, 2013
Net Lease Trend Report
GlobeSt.com
2013 has opened much the same as 2012 ended - with demand high and supply low for the net lease sector. Investors continue to hunt for assets combining prime tenant, location and lease terms but due to the continued low... <read more>
June 4, 2013
Net-Leased Asset Demand Exceeds Supply
MBA NewsLink
Buyer demand for net-leased properties will outpace the number of available listings through the end of the year, said Marcus & Millichap Real Estate Investment Services, Calabasas, Calif.
“In the short term, many investors doubt the sustainability of the bull equity... <read more>
May 31, 2013
2013 ICSC Net Lease Feedback
GlobeSt.com
It is clear that single tenant properties have become an industry in and of itself as there are a large portion of the ICSC RECON attendees who now focus on this section of retail properties.
Single tenant net lease properties were... <read more>
May 31, 2013
As Competition Intensifies, Net Lease Investors Probe Secondary Markets for Deals
National Real Estate Investor
With demand in the net lease market tightly constricted, investors looking for opportunities are being forced to take a fresh look at secondary and tertiary markets just to find any possibilities to invest.
“There’s still a lack of product out there,... <read more>
May 30, 2013
Calkain Brokers GSA Building Sale
Southeast Real Estate Business
Calkain Cos. has brokered the sale of a single-tenant, approximately 28,000-square-foot office building located in Orlando for $6.33 million. The building is currently occupied by the U.S. Department of Homeland Security under a lease with three firm years remaining and... <read more>
May 29, 2013
McDonald’s Outparcel Offers Seller Hidden Equity
CityBizList.com
Calkain Companies, a national real estate investment brokerage firm, recently facilitated the sale of a ground leased McDonald’s in Palm Beach County, Florida. The property, located at 1450 W. Lantana Road, first opened as a McDonald’s restaurant back in... <read more>
May 28, 2013
Calkain Navigates McDonald’s Ground Lease
GlobeSt.com
The triple net action continues in South Florida as Calkain Companies brokers the sale of a ground leased McDonald’s in Palm Beach County. The McDonald’s has been at the 1450 West Lantana Road site since 1979.
According to Calkain, the... <read more>
May 23, 2013
Calkain Companies Appoints Doug Aronson VP
CityBizList.com
Calkain Companies is pleased to welcome Doug Aronson as Vice President to its South Florida office, located in Ft. Lauderdale. Aronson is a veteran commercial real estate broker and developer whose team most recently developed, leased and constructed large... <read more>
May 23, 2013
Net Lease Tenant: BB&T
GlobeSt.com
BB&T Corporation (Branch Banking & Trust) is an American bank offering commercial and retail banking services along with other financial services such as insurance, investments, retail brokerage, mortgage, corporate finance, consumer finance, payment services, international banking, leasing and trust.
Pros:
May 22, 2013
Calkain Brokers NNN Sale of Chevys in Annapolis
CityBizList.com
Calkain Companies recently sold a single tenant net-leased Chevys, a national, ultra-casual restaurant concept. Chevys uses a "Fresh Mex®" pledge which underscores the Company's promise that all products are made daily from scratch. The purchaser was a private... <read more>
May 22, 2013
America’s Net Lease Company Names Patrick Nutt Managing Partner
CityBizList.com
Calkain Companies recently promoted Patrick Nutt to Managing Partner. Nutt will lead the net lease investment firm’s South Florida office. He has a long history with Calkain, where he began as a Research Analyst, and eventually became top... <read more>
May 22, 2013
Urban Retail Begins and Ends with Design
GlobeSt.com
“The first thing we look for in urban development is income density and population.” So says Scott Auster, managing director of Grid Properties Inc. in New York. “If you have density, there is almost always the demand.”
Auster joined others at... <read more>
May 20, 2013
Calkain Companies Aids in Sell of Maryland Chevys Unit
QSRMagazine.com
Calkain Companies recently sold a single tenant net-leased Chevys, a national restaurant concept. Chevys uses a "Fresh Mex" pledge, which underscores the company's promise that all products are made daily from scratch.
The purchaser was a private investor seeking a... <read more>
May 17, 2013
Calkain Promotes Nutt
CoStar.com
Patrick Nutt has been named managing partner for Calkain Companies and will lead the net-lease investment firm's South Florida office, based in Davie, FL, and will continue to direct the outreach efforts and procedures to maximize value for both investors... <read more>
May 17, 2013
Is the "California Money" Pitch Unfounded?
GlobeSt.com
“California buyers have access to unmatched amounts of capital and due to tax constraints instate, are the most vibrant players in the national net lease market. Therefore, one could deduce that according to this theory, behind most net lease... <read more>
May 15, 2013
NN Leases - Reserves & Capital Expenditures
GlobeSt.com
Reserves and Capital Expenditures (CapEx) are important issues for property owners with a so-called "NN lease". These lease agreements give the landlord responsibility for maintaining the condition of the roof and structure of their property. Expenses may consist of either... <read more>
May 14, 2013
Casual Dining Cap Rates Decreasing
GlobeSt.com
Over the past two years we have seen substantial cap rate compression in the net lease casual dining subsector. In past years, this sector was typically marked by higher cap rates than the overall net lease retail market - this... <read more>
May 8, 2013
Prices Are Going Up For Restaurant Properties
Restaurant Finance Monitor
This might be a good time to do a sale-leaseback. Thanks to a dearth of supply, combined with improving economics, cap rates for restaurants have come down nearly 20 percent—more than a full percentage point—bringing those rates down to levels... <read more>
May 8, 2013
Net Lease Turns Up the Heat
Southeast Real Estate Business
The net-lease sector finds itself
in an interesting place. On one
hand, many brokers say a lack of
high-quality supply is the biggest issue
facing the sector. On the other hand, investors
are having no problem finding
deals.
Many brokerage firms finished 2012
with big increases in net-lease... <read more>
May 3, 2013
Net Lease Investment Tenant: BankUnited
GlobeSt.com
While all banks were significantly challenged during the recent recession, BankUnited was purchased by a large investor group with a significant capital infusion, creating a new, stable platform from which to grow. Having expanded from their Miami, FL headquarters throughout... <read more>
April 30, 2013
Single-Tenant Net Lease Sector Thriving
MBA NewsLink
Strong investor interest pushed the single-tenant net lease sector into uncharted territory last year, with more than $30 billion of transactions, 150 percent more than in 2009.
And some say transaction volume could reach $40 billion this year as prices... <read more>
April 30, 2013
Spotlight: Lease Administration
GlobeSt.com
Lease Administration involves making sure that the tenant’s responsibilities are enforced as defined in the lease, as well as ensuring that the landlord is in compliance with any obligation set forth in the lease. Performing this task successfully is not... <read more>
April 18, 2013
Has Net Lease Become "Too Safe"?
GlobeSt.com
While most of the experts consulted for this article vehemently deny that net lease has become too safe—several even asked to have the question repeated to be sure they were hearing it correctly—Sidney Domb, president of United Trust Fund in... <read more>
April 17, 2013
Susquehanna Bank plans to retain branch in for-sale Columbia building
Baltimore Business Journal
The owner of a Columbia building in which Susquehanna Bank has one of its branches has the building up for sale.
Calkain Urban Investment Advisors, a division of Calkain Cos., is handling the real listing for the building at 8801... <read more>
April 16, 2013
Calkain Triple Net Strategy Boosts Profits
GlobeSt.com
The final Applebee’s restaurant in an eight-property portfolio has traded hands. Calkain Companies brokered the sale of the triple net leased site is in Eustis, Fla.
Located primarily in Central Florida and Orlando, the portfolio sold approximately for $20.5 million... <read more>
April 15, 2013
Net Lease Podcast: Asset Management
GlobeSt.com
Think asset management plays no part in triple net leases? Think again.
In this installment of "The Net Lease Podcast" we talk to Ware Smalley - Asset Manager at Calkain Companies. Topics include: the role asset management plays in net... <read more>
April 10, 2013
Spotlight: Real Estate Tax Appeals
GlobeSt.com
A Real Estate Tax Appeal is a process by which a property owner contests a property’s valuation in an effort to reduce the assessed value, and accordingly, the tax bill on that property. A successful appeal can be an important... <read more>
April 2, 2013
Net Lease Cap Rates Compress
MBA NewsLink
The net lease sector saw "widespread" cap rate compression over the course of 2012, reported Calkain Cos., Reston, Va., and Chandan Economics, New York.
The report said triple-net retail properties registered lower cap rates across all major categories of tenants.
“The... <read more>
April 1, 2013
Chinese Investors Target Suburb Triple Net
GlobeSt.com
Calkain’s international partnership with Shanghai, China-based Platinum Investment Corporation is bearing fruit. Calkain just inked the sale of a net leased hospice located Winter Haven, FL, a Tampa submarket.
Calkain formed the partnership last fall. The goal is to open... <read more>
April 1, 2013
Net Lease Podcast Premier: An Economic Report
GlobeSt.com
Listen to the mp3 download of our upcoming podcast premier. Jonathan Hipp - CEO of Calkain Companies and Sam Chandon - President and Chief Economist of Chandon Economics shine a light on the current and future net lease market. Hosted... <read more>
March 22, 2013
Spotlight: Cost Segregation
GlboeSt.com
Cost Segregation Studies offer the opportunity to increase post-tax cash flows from an investment property by accelerating depreciation expense and deferring income taxes. To accomplish this, a team of experts in construction, engineering and accounting reallocate portions of a property’s... <read more>
March 18, 2013
Net Lease Profile: Sheetz
GlobeSt.com
Net lease assets occupied by Sheetz are very sought after C-store investments. Investors are attracted to these since most of the locations are ground leases and because of the stickiness of this tenant. With Sheetz investing a substantial amount upfront... <read more>
March 12, 2013
Retail Sector Gains Continue
CCIM.com
Retail sales returned to pre-recession levels last year and are expected to outpace employment and household income trends through the economic recovery, according to a Calkain/Chandan 2012 Net Lease Economic Report.
Overall retail sales increased by 5.2 percent year over year... <read more>
March 7, 2013
Gordon Dugan Discusses Change in the Net Lease Market
GlobeSt.com
In what ways have you seen the net lease market change over the past few years?
The changes that I have seen in the net lease industry recently seem to be a continuation of the general trends that I have... <read more>
March 4, 2013
Growth in Time of Uncertainty
GlobeSt.com
Folks inside the beltway are slugging it out over most recent area of stalemate--the sequestration issue—causing the inevitable stir of concern rippling through the private sector. The good news is, according to the most recent Net Lease Economic Report, if... <read more>
March 1, 2013
5 Costly Mistakes for NNN Lease Owners to Avoid
GlobeSt.com
The idea of managing a triple net (NNN) lease property probably doesn’t make sense to a lot of real estate investors. After all, the tenant has 100% responsibility for the maintenance of the property and the owner simply receives a... <read more>
February 25, 2013
ICSC Feedback
GlobeSt.com
There were heavy parallels at both conferences - optimisim is shining through the net lease market. Here are some specific observations:
Mid-Atlantic:
- Significantly higher attendance compared to last year
- Very upbeat vibe
- More deal making than in past few years
- Event lasted... <read more>
February 19, 2013
Steven Harris named a managing director for Calkain Cos. in Reston
VirginiaBusiness.com
Steven Harris has joined Calkain Cos. in Reston as managing director. He has worked as a real estate broker for the past 15 years. Harris is a longtime real estate investor with a particular interest in purchasing car... <read more>
February 14, 2013
Net Lease Profile: Fred’s Super Dollar
GlobeSt.com
Fred's Super Dollar stores offer net-lease investors an attractive choice when compared to other discount property chains such as Dollar General, Dollar Tree and Family Dollar. Newer Fred's properties are typically priced at 8.5% to 8.75% cap rates; slightly higher... <read more>
February 14, 2013
Net Lease Investors Less Choosy About Long-term Tenants
GlobeSt.com
A triple net IHOP here recently traded to an individual investor. The trade is not that unusual – IHOPs are a well-liked tenant – but the term of the lease, which is five years, is. Such deals may not be... <read more>
February 14, 2013
Calkain Brokers Desirable Auto Parts Store
Tampa Bay Newswire
Deal Retrieves Full Asking Price for Seller
Calkain Companies, a national real estate investment brokerage firm, recently facilitated the sale of a net leased auto parts store. The property, a newly constructed 7,400 square foot retail building was located in Tampa,... <read more>
February 12, 2013
Net Lease Profile: Verizon
GlobeSt.com
Verizon Wireless is one of the premier wireless communication brands across the United States, and their real estate offerings follow the same general trend, primarily sitting on premier real estate with incredible visibility along high foot-traffic retail corridors. With a... <read more>
January 30, 2013
Will a Wegmans’ Sale Recalibrate Net Lease (Again)?
GlobeSt.com
Calkain Cos. is marketing a stand-alone Wegmans here on an unsubordinated ground lease. The asking price, at a four-and-a-quarter cap rate, for $25 million, is fairly aggressive but warranted given the fundamentals of the deal, principal Jonathan Hipp tells GlobeSt.com.... <read more>
January 29, 2013
Wegmans Property for Sale in Fredericksburg
Patch.com
The 16.5 acre property on Carl D Silver Parkway which is home to Fredericksburg's Wegmans is on the market for $25 million.
Calkain Companies of Reston... <read more>
January 25, 2013
Net Lease Profile: O’Reilly Auto Parts
GlobeSt.com
O'Reilly Auto Parts, with an S&P credit rating of BBB, started in November of 1957 with one store and thirteen employees. The long range plans and stability of the company were solidified by a public offering of company stock in... <read more>
January 18, 2013
NNN Leasehold Investments - Time To Revisit?
GlobeSt.com
With the shortage of desirable NNN investment property in densely populated urban areas as well as the continued cap rate compression for property, now maybe the time to consider investing in a NNN leasehold interest. Unlike the traditional net lease... <read more>
January 16, 2013
Calkain Companies Brokers Sale of Florida Applebee’s Portfolio
Restaurant Facility Business.com
Washington, D.C. — Calkain Companies recently represented the seller in the disposition of seven Applebee’s restaurants in Florida. The assets, primarily in the Central Florida and Orlando markets, sold for approximately $18.5 million.
The properties featured landlord friendly leases,... <read more>
January 15, 2013
Calkain Sells 7-Property Applebee’s Portfolio
GlobeSt.com
A seven-property Applebee’s restaurant portfolio has a new owner. Located primarily in Central Florida, the triple net leased retail assets traded for about $18.5 million. The sale price equated to a 6.93% aggregate capitalization rate.
David Sobelman, Calkain’s... <read more>
January 14, 2013
Exclusive Interview with Trevor Bond - CEO of W. P. Carey
GlobeSt.com
How would you assess the health of the net lease industry today?
It’s not a monolithic sector, but generally the various segments of the net lease sector are still healthy. There’s a rough equilibrium between the supply and demand for capital... <read more>
January 7, 2013
Jonathan Florin joins Calkain Cos. as an Assistant Vice President
Virginia Business
Jonathan Florin has joined the Calkain Cos. Reston office as an assistant vice president. He will focus on the acquisition and sale of triple-net leased properties in the retail, office and industrial sectors.
Before joining Calkain, Florin was an acquisitions... <read more>
January 3, 2013
Former JBG Associate Florin Joins Calkain Companies
City Biz List
Jonathan Florin has joined Calkain Companies as an Assistant Vice President in the company's Reston, VA office, where he will focus on the acquisition and sale of triple net leased properties in the retail, office and industrial sectors.
Prior to joining... <read more>
December 20, 2012
Net Lease Trend Report
GlobeSt.com
Cap rates continue to remain low at years end. Overall all retail sectors, a slight increase was recorded - sliding from a 6.87% average in October to 6.97% in November. A few other segments also showed slight increases such as... <read more>
December 12, 2012
Reactions from the 2012 NY ICSC
GlobeSt.com
After visiting the 2012 New York ICSC, here are some quick observations and reactions:
- Hess Oil, Dollar General and CVS are actively pursuing expansion. Other retailers... <read more>
December 7, 2012
Report: Net Lease Asking Cap Rates
GlobeSt.com
When analyzing net leases, viewing the average asking cap rates per sector can shine some light onto the marketplace. C-Stores and Banks had the lowest asking cap rates in November at 6.26% and 6.34% respectively. Dollar Stores had the highest... <read more>
November 26, 2012
Net Lease Trend Report
GlobeSt.com
Cap rates continued to dip from September to October. 2012 continues to be marked by cap rate decline. Low interest rates, lack of product and a flight to quality are all large contributors to this decline. However, with the capital... <read more>
November 16, 2012
Net Lease Profile: Best Buy
GlobeSt.com
Best Buy Co., Inc. (NYSE: BBY) is an American public company that is a specialty retailer of consumer electronics in the United States, accounting for 19 percent of the market. Headquartered in Richfield, Minnesota, it also operates in Puerto Rico,... <read more>
November 14, 2012
Calkain Companies Brokers Two Sale-Leaseback Related Restaurant Deals
Tampa Bay Newswire
Calkain Companies, a national real estate investment brokerage firm, recently procured two transactions in the Tampa, Florida market. In both transactions, totaling in excess of $2,000,000, the tenant was actively involved in making decisions on their real estate needs.
The... <read more>
November 13, 2012
Net Lease Cream Rises to the Top
Real Estate Forum
Although the single-tenant real estate market is overly popular, who or what in our industry is actually thriving in this period of a declining cap rate yield curve is rarely discussed.
In 2009, I wrote an article about the apparent high... <read more>
November 13, 2012
Behringer Harvard Taps Watt to Head Net Lease Platform
Commercial Property Executive
Behringer Harvard is launching a new net lease platform, and the investment manager has tapped longtime industry player Brad Watt to move the effort forward.
Watt comes to the table with 25 years of experience, having demonstrated his skill in... <read more>
November 12, 2012
The Market for Franchisors
Some of the more prominent owners of commercial real estate in the United States are the franchisors of the well-known brands frequented every day. McDonald’s, for example, is well-known to have an extensive real estate portfolio. However, there are also... <read more>
November 5, 2012
Individual Investors Feel Pressure from Institutions in Net Lease Space
National Real Estate Investor
Traditionally, the net lease market has been dominated by small investors, but increasingly, institutional players like hedge funds, pension funds and REITs also are investing in the space. The competition between small, private investors and large institutions was explored by... <read more>
November 1, 2012
Patrick Nutt is in the Top 40 Under 40
Real Estate Forum
In reading through the profiles of this year’s 40 Under
40 honorees, it becomes apparent that commercial
real estate offers a breadth of experience unmatched by many other industries. No two of this year’s honorees are alike in terms of their responsibilities,... <read more>
November 1, 2012
Thoughts on the Retail Sale Leaseback Market
GlobeSt.com
Sale leaseback originations for 2011 and 2012 continue to be relatively modest. The continued lack of significant store development by most retailers indicates that activity on the corporate sale leaseback side probably won't be picking up in the short term.
... <read more>
October 26, 2012
Fernandez, Friant & Fallon of Calkain Brokers $2.25m Sale
Mid Atlantic Real Estate Jornal
Winchester, VA - Calkain Companies recently brokered the sale of a recently developed Chick-fi l-A ground lease property. Located in Winchester, the property was developed as part of the premier shopping center destination known as Rutherford
Crossing. Rutherford Crossing
includes over 400,000+/-... <read more>
October 17, 2012
Seeking Real Returns
Franchise Times
Investors are putting money
into real estate investment trusts
(REITs), which purchase assets
with pooled money, and many others
are going into the sale-leaseback market
on their own, leading to an influx of
small, private investors. “They are passive investors who are looking for a yield,”... <read more>
October 17, 2012
Barclay Jones on the Net Lease Market
GlobeSt.com
Barclay G. Jones, III - Executive Vice President of iStar Financial Inc. - shares his thoughts on the net lease market.
Q: How do you view the net lease market today?
A: The net lease market today continues to be pretty... <read more>
October 15, 2012
Q3 2012 Net Lease Investment Report
Chandan Economics
The Third Quarter Net Lease Investment Report - published jointly by Calkain and Chandan Economics - shows cap rates for credit tenant net lease properties declined in the second quarter. The trend extended into the third quarter, according to preliminary... <read more>
October 12, 2012
Quote of the Day
GlobeSt.com
QUOTE OF THE DAY
“The industry is posting executions at the same level as 2007, “which a lot of people thought we would never see again.”
--Jonathan Hipp, Calkain Companies
Source: GlobeSt.com ... <read more>
October 9, 2012
Cap Rates Continue to Drop for Net Lease Properties
GlobeSt.com
The dominant story line for credit tenant net lease assets—the decline of cap rates in this space—continues, according to the latest quarterly report by locally-based Calkain Cos., and New York City-based Chandan Economics. Cap rates for retail net lease properties... <read more>
October 4, 2012
Report: Creating Value by Selling Outparcels
GlobeSt.com
One of the time tested hallmarks of successful real estate developers and operators is the ability to create and maximize value of the assets they build, own, and acquire. Historically, these methods have been comprised of new construction, re-tenanting, and... <read more>
September 28, 2012
Calkain Grows Global Footprint with China Partner
GlobeSt.com
Net lease company Calkain Cos. is steadily growing its international footprint: the company has just inked an exclusive partnership with the China-based Platinum Investment Corp. to source deals in that market. This transaction follows a recent deal it forged with... <read more>
September 28, 2012
Net Lease Profile: IHOP
GlobeSt.com
IHOP, formerly known as The International House of Pancakes, is a United States based restaurant chain that specializes in breakfast foods. The chain is franchised and operated by Glendale, Calif. based International House of Pancakes, LLC and its affiliates. International... <read more>
September 28, 2012
Calkain Cos. inks deal with Platinum Investment Corp.
WBJ Breaking Ground
Reston-based Calkain Cos. has expanded its international reach with an exclusive partnership with the China-based Platinum Investment Corp. to source net lease deals in that market, GlobeSt.com reports. The transaction follows a recent partnership created with an undisclosed brokerage firm... <read more>
September 26, 2012
Continued Heat: Net Lease CAP Rates Continue Falling
National Real Estate Investor
In spite of predictions to the contrary, average cap rates for net leased retail properties compressed another 25 basis points from the first to the second quarter of 2012, according to a new report from The Boulder Group, a Northbrook,... <read more>
September 18, 2012
Single-Tenant Drug Stores to Remain Active
MBA NewsLink
Investor demand for single-tenant drug store properties outweighs even the healthy demand for the larger net-lease sector, reported the Boulder Group, Boulder, Colo.
Median asking cap rates in the single-tenant drug store sector compressed 20 basis points from the second quarter... <read more>
September 14, 2012
Seeking Returns
Franchise Times
Investors have seen a rough few years. The stock market can’t seem to go more than a few months without some massive, fear-induced plunge. And interest rates are so low that the only people who could make any money... <read more>
September 12, 2012
Monthly Net Lease Trend Report
GlobeSt.com
Overall cap rates fell from July to August. This continues the trend of compression we have been witnessing. Low interest rates, lack of product and a flight to quality are all contributing to this decline. However, with the capital gains... <read more>
September 7, 2012
Realty Income to Acquire American Realty Capital Trust in $3B Transaction
Commercial Property Executive
Six months after American Realty Capital Trust went public in an effort to “unlock the value of the company” for shareholders, the REIT has been acquired by Realty Income Corp. for nearly $3 billion.
Under the deal, Realty Income would... <read more>
September 7, 2012
Miller’s Mission: Sale/Leasebacks for All
The Real Reporter
Robert P. Miller Jr. is a wellrounded commercial real estate veteran
who has taken divergent paths in a
storied career stretching to the 1970’s, but these days his attention is on a singular concept—sale/leasebacks—and vigorously promoting them to a certain constituency he... <read more>
September 6, 2012
Net Lease Heats Up
Real Estate Bisnow
The record-setting $14.5M purchase of a CVS net-lease property in Adams Morgan last week confirmed what everyone's thinking: prescription drug prices have gotten way out of hand. We'll be sure to ask President Obama about that in Charlotte. But something... <read more>
September 6, 2012
Net Lease Owners: Is Now the Time to Sell?
GlobeSt.com
The net lease market is currently highly advantageous for the potential seller. Demand for net lease properties – especially credit tenants in prime locations - heavily outweighs supply. Cap rates are dropping to levels not seen since 2007 and more... <read more>
September 6, 2012
Walgreens Net Lease Deals Selling Fast in Florida
GlobeSt.com
Florida Triple net property trades saw an uptick in August as Calkain Companies and Noble Properties both inked deals. Calkain brokered the sale of two investment properties—one along Florida’s West Coast and the other in the Tampa Bay area—while Noble... <read more>
September 5, 2012
Investors Jockey For Position
Real Estate Forum
In uncertain times, it’s human nature—not to mention sound business practice—to rely on proven methods. The stability and predictable cash flow of net-leased properties certainly qualify as tried and true; however, experts in the sector tell Real Estate Forum that... <read more>
September 5, 2012
CVS on Columbia Road Trades for $14.5 Million
CoStar.com
SVC DC Investments, LLC, a Florida-based investment firm, acquired a single-story CVS store in Washington, DC, as an investment from BGG Associates LLC for $14.5 million, or about $1,154 per square foot.
The retail building at 1751 Columbia Road NW... <read more>
September 4, 2012
Two-Tenant Triple Net Trades in 1031 Exchange
GlobeSt.com
Triple net leased acquisitions are still hard to find in Florida, but one Florida-based buyer just completed a 1031 exchange on a two-tenant property on an acre of land in Spring Hill. The property sold for $1.61 million, which is... <read more>
August 29, 2012
Calkain Brokers Record Sale of Triple-net Retail
Shopping Center Business
Calkain Urban Investment Advisors has completed the $14.5 million sale of a triple-net CVS/pharmacy in the Adams Morgan submarket of Washington, D.C. The sale, closing at more than $1,154 per square foot, broke the record previously set by Calkain for... <read more>
August 29, 2012
Adams Morgan CVS trades for $14.5 million
Washington Business Journal
The CVS at 1755 Columbia Road in the heart of Adams Morgan has traded for $14.5 million, or $1,154 per square foot, GlobeSt.com reported.
Jonathan Hipp, CEO of Calkain Cos., which brokered the transaction, said the sale is among the best... <read more>
August 29, 2012
Reactions to the Florida 2012 ICSC
GlobeSt.com
Here are some quick net lease observations from the floor of the Florida ICSC 2012:
- Overall optimism for the future.
- Lack of companies/tenants building new buildings but new development is occurring with some tenants.
- Everyone is anxious to see the outcome of the... <read more>
August 28, 2012
1031 Investor Buys Adams Morgan CVS for $15M
GlobeSt.com
Hipp: Investors want real estate that's irreplaceable. WASHINGTON, DC-A CVS in the heart of Adams Morgan has traded for $14.5 million—or an eye-popping $1,154 per square foot. That is among the best retail trades in the District, Jonathan Hipp,... <read more>
August 27, 2012
Dollar General Sells for $1.08M
RE Business Onnline
QUINCY, FLA. — A 9,000-square-foot Dollar General store, located in Quincy, has sold for $1.08 million. Rich Murphy and Stephen Counts of Calkain Cos. represented the buyer, a Colorado-based private investor, in the transaction. Brett Butler and Andrew Peeples of... <read more>
August 22, 2012
Net Lease Profile: Bank of America
GlobeSt.com
Bank of America, (NYSE: BAC) with an S&P credit rating of A- did not emerge unscathed from the banking crisis and great recession but the strength of its deposits and dominance in market share along with its highly visible locations... <read more>
August 15, 2012
Walgreens Credit Downgraded
GlobeSt.com
Walgreens was recently downgraded by Standard and Poors from “A” to “BBB”, which is a 3 grade move, falling past “A-“ and “BBB+”. This is significant as WAG had generally traded at a 15-25bps premium to CVS, solely based... <read more>
August 10, 2012
Calkain Cos. Opens St. Louis Office to Capture Midwest Market
Commercial Property Executive
By Gail Kalinoski, Contributing Editor
 Saying the net lease brokerage market in the Midwest has been underserved, Calkain Cos. has established an office in St.... <read more>
August 9, 2012
Net Lease Trend Report - August 2012
GlobeSt.com
The entire net lease market has seen compressing cap rates. The combination of multiple factors has led to this declining cap rate environment. First, we have seen that low interest rates and a low yield investment environment has impacted cap... <read more>
August 1, 2012
When Banks Won’t Lend, There Are Alternatives, Though Often Expensive
New York Times
After years of a small-business credit crisis, conditions seem to have improved. But with the economy still struggling and new regulations meant to eliminate bad lending, bank loans continue to lag. ... <read more>
August 1, 2012
The Strength of Urban Net Lease
GlobeSt.com
The Following was written by Rick Fernandez, Managing Director of Calkain Urban Investment Advisors.
Calkain Urban Investment Advisors, the Urban Division of Calkain Companies, recently completed two sales of fully leased NNN retail condominiums in Washington DC. Two of the retail... <read more>
July 19, 2012
Net Lease Cap Rates Continue Falling
Retail Traffic
By Elaine Misonzhnik, Senior Associate Editor, Retail Traffic
In spite of predictions to the contrary, average cap rates for net leased retail properties compressed another 25 basis points from the first to the second quarter of 2012, according... <read more>
July 18, 2012
Net Lease Update: Starbucks
GlobeSt.com
From a net lease prospective, it is important to recognize that Starbucks' initial growth and market dominance can be contributed to Starbucks ability to find great real estate locations. As others have pointed out, the Starbucks concept and success is... <read more>
July 17, 2012
Calkain Offers Different Approach to Selling Restaurant Properties
Restaurant Finance Monitor
Calkain Companies focuses on commercial real estate; mainly income-producing single-tenant sites occupied by well-known brands, providing sale/leaseback financing to restaurant operators. But according to David Sobelman, executive vice president with Calkain, there are similar companies that do what Calkain... <read more>
July 12, 2012
Calkain Lists Three Net Lease Portfolios Worth $65M
GlobeSt.com
TAMPA, FL—Triple net lease opportunities are hard to come by these days, but Calkain is marketing three portfolios. The trio of portfolios, which include Applebee’s, Circle K, and Fred’s Stores, is valued at more than $65 million.
“There’s currently a severe... <read more>
July 11, 2012
Net Lease Profile: Circle K
GlobeSt.com
Circle K is a highly sought after net lease C-store tenant. Investors are attracted to their fully passive NNN leases which are backed by an investment grade corporate guarantee from the parent company Alimentation Couche-Tard inc. Circle K stores also... <read more>
July 5, 2012
Net Lease Profile: Shell Oil
GlobeSt.com
Shell Oil net lease properties offer investors the opportunity to purchase well located assets with strong brand recognition and product offerings. There are roughly 25,000 Shell-branded gas stations across the U.S., providing visible public presence for the market leader. Shell's... <read more>
June 27, 2012
Urban Retail Condos - One of the Hottest Deals on the Street
GlobeSt.com
The market for urban retail condos has witnessed a sharp resurgence in the past couple months. In-fact, we are seeing cap rates and prices that are reminiscent of the markets heyday back in 2005-2007. There is such a strong demand... <read more>
June 20, 2012
Net Lease Profile: Wawa
GlobeSt.com
As a relative newcomer to the net lease market, Wawa convenient store gas stations are one of the hottest sought after triple net lease investment properties in the market today. With an implied credit rating of BBB- / outlook Stable,... <read more>
June 13, 2012
Net Lease Profile: Davita Dialysis
GlobeSt.com
Investors like DaVita’s small price point and the fact that kidney dialysis is a growth industry. Investors take security from the tenant’s investment in the build out of the property and the installation of specialty trade fixtures that make it... <read more>
June 8, 2012
Net Lease Economic Report
RealEstateRama
Earlier this year, locally-based Calkain Cos., and New York-based Chandan Economics announced a new mission: they would partner to provide research in one of the few areas of commercial real estate.
Hipp: “Given where Treasuries are headed, people are looking for... <read more>
June 7, 2012
Calkain, Chandan Economics Debut Net Lease Economic Report
GlobeSt.com
RESTON, VA-Earlier this year, locally-based Calkain Cos., and New York-based Chandan Economics announced a new mission: they would partner to provide research in one of the few areas of commercial real estate.
 Hipp:... <read more>
May 30, 2012
Net Lease Update - McDonald’s
GlobeSt.com
McDonald's, with its "golden arches" and Dollar Menu, remains the dominant brand in the QSR space. With primary, secondary, and tertiary market locations, McDonald's size and reach provide a strategic competitive advantage, as well as varying risk/return investment opportunities for... <read more>
May 24, 2012
2012 ICSC - Are Net Lease Investors Ready to Roll the Dice?
GlobeSt.com
If there were one phrase to describe the mood at this year’s ICSC in Vegas it would be “cautiously optimistic”. People, especially those involved in any aspect of net lease, realize demand is high, cap rates compressed, and no material... <read more>
May 17, 2012
Net Lease Profile: Family Dollar
GlobeSt.com
As one of the largest discount retailers in the United States, Family Dollar continues to gain market share and appeal from net lease investors. Family Dollar holds investment grade credit ratings from S&P (BBB-) and Moody's (Baa3) and operates under... <read more>
May 10, 2012
Calkain Companies Welcomes Stephen Counts
GlobeSt.com
Calkain Companies is pleased to welcome Stephen Counts as an Associate in the Tampa office. Prior to joining Calkain Companies, Stephen was in the Tampa office of Colliers International Valuation and Advisory Services.
Source: GlobeSt.com ... <read more>
May 3, 2012
ICSC Hosts First Ever Net Lease Property Panel
GlobeSt.com
ICSC is hosting the first ever Net Lease Property Panel Discussion to take advantage of the confluence of attendees at the RECON conference. Single tenant, net leased properties have always been a large part of the shopping center community as... <read more>
May 2, 2012
On Your Mark, Sell, Lease Back
www.scotsmanguide.com
By Stephen Counts, Associate | Calkain Companies
Triple-net deals can be a source of capital if done properly
The financial difficulties that en- gulfed the commercial real estate industry have forced property owners to go through tough negotiation processes to acquire... <read more>
April 25, 2012
Net Lease Investors Find Natural Home in Southeast Florida
GlobeSt.com
The Southeast Florida net lease market is one of the most prosperous in the U.S. Its compact demographics, environmental allure, and international interest have positioned it for a future of economic growth. Net lease investors have been consistently active and... <read more>
April 18, 2012
Consumer Spending On the Rise in 2012
GlobeSt.com
Tentative good news from the Bureau of Economic Analysis – personal and disposable income both rose by 0.2% in February. Perhaps more importantly for retail (net lease included) personal consumption expenditures increased by 0.8%. This is compared with somewhat weaker... <read more>
April 17, 2012
Calkain Urban Investment Advisors Brokers Washington, DC Retail Condo Sale
RealEstateRama
Reston, VA – April 17, 2012 – (RealEstateRama) — Calkain Urban Investment Advisors recently completed the sale of a four-tenant, retail investment property in Washington, DC. The purchaser was a private investor/developer seeking an income-producing asset with a strong upside.... <read more>
April 11, 2012
Net Lease Profile: BB&T
GlobeSt.com
BB&T Corporation (Branch Banking & Trust) is an American bank with assets of US$157 billion (March 2011), offering commercial and retail banking services. From a net lease investors perspective, here are some pros and cons:
Pros:
- Investment grade tenant.
- Leases afford rental increases... <read more>
April 9, 2012
Calkain Companies Facilitates Sale Leaseback Investment Property
RealEstateRama
Reston, VA – April 9, 2012 – (RealEstateRama) — Calkain Companies, a national commercial real estate investment brokerage firm facilitated a sale leaseback transaction of Firehouse Subs in Pinellas Park, FL in the Tampa/Clearwater MSA. The purchaser was a private... <read more>
April 9, 2012
$750K Sale Leaseback on Firehouse Subs Property in Tampa/Clearwater
Citybiz Real Estate
A South Florida investor has executed a $750,000 sale leaseback on a Firehouse Subs in Pinellas Park, FL to complete a 1031 exchange.
The seller, a local business group involved in Firehouse Subs franchising and national hoteliers, was represented by Calkain... <read more>
April 5, 2012
Quick Observations from RealShare Net Lease
GlobeSt.com
Here are some quick reactions from this year’s RealShare Net Lease Conference in New York covering three main topics – debt, the economy and the future net lease outlook.
Debt
- While the NNN space is as active as it has ever been,... <read more>
April 3, 2012
The Case for Net Lease Office
GlobeSt.com
The first rule of investing is diversification. Traditional real estate investors seeking passive returns most often look to Single Tenant, free standing retail, often via a ground lease. Another viable asset class does exist but is frequently over looked by... <read more>
April 2, 2012
FASB Changes Loom; Single-Tenant Deals in the Crosshairs
GlobeSt.com
NEW YORK CITY-In the works, and awaited with some anxiety, for the past few years, new standards for lease accounting have been on the industry’s radar screen again lately. The Financial Accounting Standards Board and the International Accounting Standards Board... <read more>
March 29, 2012
Promotions, Expansions at Calkain Companies
CoStar Group
Calkain Companies promoted Patrick Nutt to managing director in its new South Florida office. He will be relocating to Fort Lauderdale, Florida to open the new Calkain Realty Advisors office. Calkain Companies vice president Michael Zimmerman will be relocating to... <read more>
March 28, 2012
M&M Pushing Triple-Net Lease Sales Despite Low Supply
GlobeSt.com
M&M has also recently brokered the sale of a $4.12 million CVS drugstore in Largo and arranged the sale of a portfolio of Florida CVS drugstores for $19.5 million. ORLANDO-Marcus & Millichap is getting busy in the net lease sector.... <read more>
March 23, 2012
Urban Big Boxes - Stepping Up!
GlobeSt.com
It has been widely discussed that many big box retailers are making the move from suburban sprawl to the heart of urban centers. This trend had been triggered by a number of factors including strengthened urban demographics, inherent land value... <read more>
March 22, 2012
Calkain Sets Up Triple Net Retail Shop in South Florida
GlobeSt.com
Calkain Companies is heading south. The Washington, D.C. triple net lease specialist is opening an office in Fort Lauderdale to complement its office in Tampa.
Patrick Nutt, Calkain’s recently promoted managing director, is relocating from Tampa to open the Fort... <read more>
March 22, 2012
Calkain Heads South
Bisnow.com
Calkain Cos, a DC-based net-lease specialist, is expanding into South Florida, opening an office in Fort Lauderdale. Managing director Patrick Nutt is relocating from Tampa to open the office, and joining him is net lease veteran and VP Michael Zimmerman... <read more>
March 22, 2012
Triple Net Lease Specialists Expand to South Florida
TheRealDeal.com
In an effort to cater to international investors, Washington, D.C.-based triple-net lease specialist Calkain Companies is opening an office in For Lauderdale, GlobeSt.com reported.
The firm already has a Florida location in Tampa, but it needed a presence in South... <read more>
March 15, 2012
Dollar Store Model and Success Confirmed?
GlobeSt.com
A lingering question over the
past few years has concerned the
viability of dollar stores recent
success. As the recession forced
many consumers to become more
cash conscious, dollar stores
enjoyed heightened sales and
new expansion. Though net lease
investors were originally skeptical,
the continued success of tenants
like Dollar... <read more>
March 9, 2012
Net Lease Profile: Taco Bell
GlobeSt.com
Taco Bell typically features a 2,000 – 3,000 +/- SF building with a drive-thru window, situated on .5 - 1.0 acre of land. It is important to note that Taco Bell franchises the majority of its locations. There are a... <read more>
March 8, 2012
Calkain Companies Grows Tampa Office with New Associate
MadduxNewsWire.com
Former Appraiser Adds Value to Net Lease Investments
March 2012, Tampa, FL ‐ Calkain Companies is pleased to welcome Stephen Counts as an Associate in the Tampa office. Stephen is the third generation of a family of Florida real‐estate brokers and... <read more>
March 6, 2012
April 15th May Cut Short Your 1031
GlobeSt.com
1031 exchanges play a large role in the net lease market. By allowing investors to transfer from one property into another – like kind – property, they permit the deferment of capital gains taxes. This allows capital to grow and... <read more>
March 6, 2012
New Hires
GlobeSt.com
CALKAIN COS.
(TAMPA, FL) Michael Zimmerman, vice president of Calkain Realty Advisors, is the newest addition to Calkain Companies' growing team of net lease investment advisors. Zimmerman is a veteran net lease practitioner and has successfully procured in excess of $325... <read more>
March 1, 2012
Calkain and Chandan Economics are Partnering to Create Net Lease Economic Report
realestaterama.com
How does employment growth impact net lease activity? Or is that question even relevant to the space at all? If you were to substitute “office” for “net lease” in that sentence, the answers would be clear and immediate: “significantly” and... <read more>
March 1, 2012
One Billion in Sale Leaseback Transactions
realestaterama.com
Calkain Companies is a leader in advising its corporate clients in single tenant net lease and portfolio sale-leaseback transactions. Calkain’s team has closed nearly $1 billion in sale-leaseback transactions. The sale-leaseback transaction allows a company to sell corporately owned real... <read more>
February 29, 2012
Calkain Cos., Chandan Economics Partner for Net Lease Research Initiative
GlobeSt.com
How does employment growth impact net lease activity? Or is that question even relevant to the space at all? If you were to substitute “office” for “net lease” in that sentence, the answers would be clear and immediate: “significantly” and... <read more>
February 19, 2012
Calkain Cos. promotes Andrew Fallon to Assistant Vice President
Virginia Business Magazine
Calkain Cos. in Reston has promoted Andrew Fallon to associate vice president. Fallon worked previously as an associate. In 2010, his first year in net lease investment brokerage, Fallon was named “Rookie of the Year” by his colleagues in recognition... <read more>
February 17, 2012
What Some Net Lease Brokers Won’t Tell You
GlobeSt.com
The following piece was written by David Sobelman - Executive Vice President of Calkain Companies.
It goes without saying that net leases are one of today's most coveted investment vehicles for... <read more>
February 8, 2012
Starbucks Sells for $1.6M in Tampa
CoStar Group
LMB Associates acquired the retail building at 10002... <read more>
February 2, 2012
Net Leases in the Wake of Recession
GlobeSt.com
Even though triple net leases and direct investments in real estate, as well as REITs, were affected by the 2007 recession, REITs and corporate stocks took a much bigger hit while having generated less return in the years prior to... <read more>
February 1, 2012
$23MM Zero Cash Flow Portfolio Transaction
RealEstateRama
Calkain Companies Brokers $23MM
Zero Cash Flow Portfolio Transaction
Foreclosure 1031 Tax Deferred Exchange Drove Deal
Reston, VA – February 1, 2012 – (RealEstateRama) — Calkain Companies’, a national real estate investment brokerage firm, recently completed a complex 1031 transaction involving two (2)... <read more>
January 27, 2012
Calkain Companies Hires Florida Net Lease Specialist
RealEstateRama
Reston, VA – January 27, 2012 – (RealEstateRama) — Michael Zimmerman, Vice President of Calkain Realty Advisors, is the newest addition to Calkain Companies’ growing team of experienced net lease investment advisors. Zimmerman is a veteran net lease practitioner has... <read more>
January 26, 2012
Washington DC Office and Industrial Report
RealEstateRama
Washington, DC – January 26, 2012 – (RealEstateRama) — The single tenant Office/Industrial market is highly competitive today, however, this competitiveness varies due to the nature of the tenant and the relevant market. High credit tenants in primary – especially... <read more>
January 25, 2012
Non-Traded Net Lease REIT Overview
GlobeSt.com
Of the various ways in which one can get exposure to real estate in their portfolio, direct ownership of an investment property is by far the most pure and will provide the owner with the lowest correlation to the wider... <read more>
January 12, 2012
The Advantage of Credit Tenant
GlobeSt.com
One of the most important distinctions in the net lease market is the difference between credit and non-credit tenants. Though we can speak in general terms about overall net lease trends, it is important to understand high credit tenants have... <read more>
January 12, 2012
Net Lease Sector Likely To See 2012 Boost In Both Supply And Demand
SmallBalance.com
There appears to be little doubt single-tenant net leased properties will once again rank among the more popular small-cap commercial real estate investment categories in 2012.
Broad and deep investor demand for drug stores, bank branches and fast-food restaurants... <read more>
January 4, 2012
Looking Forward into 2012
GlobeSt.com
As we ring in the New Year, it’s a good time to reflect back before we move forward. Here are a few key issues that may come into play this year:
Loans Coming Due:
The biggest item to... <read more>
December 28, 2011
Cost Segregation - Tax Strategies for the New Year
GlobeSt.com
Cost Segregation Studies offer real estate investors the opportunity to increase post-tax cash flows from their property by accelerating depreciation expense and deferring income taxes. The study works by assessing all the components of a property and reallocating value that... <read more>
December 20, 2011
Net Lease Sales Strong in Q4
GlobeSt.com
As the year draws to a close, net lease professionals are optimistic about the economic new year. Net lease sales have steadily increased this year over last and many expect this trend to continue into next year. According to... <read more>
December 14, 2011
Midwest Net Lease Report
GlobeSt.com
The Midwest Market encompasses a varied set of states that mainly include: Missouri, Kansas, Minnesota, Illinois, Kentucky, Ohio, Indiana, Iowa and Wisconsin. The major cities and metro areas that highlight this market are St Louis, Kansas City, Indianapolis, Minneapolis/St Paul,... <read more>
December 7, 2011
Highlights from 2011 New York ICSC
GlobeSt.com
ICSC conferences are the perfect place to gauge the state of the market. Here are some observations from this years New York ICSC:
- Attendance was up this year - especially amongst service providers (contractors, architects and attorneys).
- Show... <read more>
December 1, 2011
What if Walgreens Acquires Rite Aid?
GlobeSt.com
There has been recent speculation that Walgreens (WAG) will acquire Rite Aid (RAD). These rumors surface occasionally and usually amount to nothing. However, that does not prevent a deal from occurring or us looking forward at its possible impact.
If a... <read more>
November 23, 2011
Expectations for 2011 New York ICSC
GlobeSt.com
In preparation for the 2011 New York ICSC conference, here is a list of several issues we think will be at the forefront of discussion:
- Urban Retail and other infill redevelopment projects. No more "path of progression" type developments. ... <read more>
November 16, 2011
Net Lease Overview: Verizon
GlobeSt.com
Verizon Wireless is one of the premier wireless communication brands across the United States, and their real estate offerings follow the same general trend, primarily sitting on premier real estate with incredible visibility along high traffic retail corridors. With... <read more>
November 15, 2011
Triple Net Threat
Commercial Investment Real Estate
Looking for a rock-solid investment in a
shifting economy?Look no further than single-tenant netleased properties. In markets where shopping centers sit empty and office buildings are dark, the lights are on (usually 24 hours) at the corner drugstore — provided it’s... <read more>
November 9, 2011
The Importance of Net Lease Administration
GlobeSt.com
Lease administration of triple net leased properties (or any properties for that matter) generally involves making sure the tenant’s obligations, as defined in the lease, are enforced, as well as ensuring that the landlord is in compliance with any obligation... <read more>
November 2, 2011
Corporate Owned vs Franchisee
GlobeSt.com
NNN investment properties are in high demand and short supply. Quick Serve Restaurants (QSR) are one of the most sought after NNN investment categories. A guarantee by a publicly traded corporate operator is by far the entity that investors prefer... <read more>
October 31, 2011
Private Investor Bets on Higher-Risk Rite Aid Acquisition
GlobeSt.com
CHARLOTTE, NC-Demonstrating the appetite of some investors for higher-risk ventures, a Rite Aid in Gastonia has traded for $2.3 million. Although there were CVS and Walgreens pharmacies on the market, the private, Mid-Atlantic real estate investor chose Rite Aid in... <read more>
October 26, 2011
Net Lease Report - Grocery Stores
GlobeSt.com
What are some recent trends in the grocery sector?
According to REIS, while the overall vacancy rate for regional and super-regional malls was at 9.3% for the second quarter, grocery store anchored malls only showed a 7.7% vacancy rate. Cap rates... <read more>
October 20, 2011
Non-Monetary Defaults and Lease Accounting
GlobeSt.com
The FASB has recently decided to rethink it’s original plans for implementation of new standards for lease accounting. Make no mistake, it’s coming, but it’s just being deferred a little longer. They are planning on issuing a new exposure draft... <read more>
October 5, 2011
Jonathan Hipp chosen as one of Real Estate Forum’s Next 65
Real Estate Forum
The September 2011 issue of Real Estate FORUM magazine has identified 65 industry "game changers" as Legends & Icons who have helped to shape the commercial real estate industry with an article on the up-and-coming "Next 65" who seen as... <read more>
October 3, 2011
Triple-Net Sale-Leasebacks Are Gaining Ground
Scottsman Guide
Discover how these transactions benefit buyers, sellers and brokers
Teal M. Henderson, broker, Calkain Companies Inc.
As published in Scotsman Guide's Commercial Edition, October 2011.
Commercial real estate professionals across the country... <read more>
September 29, 2011
Calkain Swaps Tax Debt for Zero Cash Flow Assets in 1031
GlobeSt.com
By Erika Morphy,
GlobeSt.com
RESTON, VA-Losing a tenant in a single net lease property is tough. Losing said tenant during the worst recession in memory and not being able to replace it, is tougher.... <read more>
September 29, 2011
Calkain Cos. Arranges $2.85M Retail Sale
REBusiness Online
STRASBURG, VA. — Calkain Cos. has brokered the $2.85 million sale of the 15,547-square-foot Cedar Creek Station, located south of the intersection of Interstates 81 and 66 in Strasburg. Betty Friant of Calkain... <read more>
September 15, 2011
Realty Income Acquires 12-Asset Portfolio in Sale Leaseback
By Erika Morphy
GlobeSt.com
RESTON, VA-Realty Income (NYSE: O), an Escondido, CA-based REIT, has acquired a 12-asset owner occupied industrial portfolio located across the US in a sale leaseback transaction, Calkain Cos., tells GlobeSt.com in an exclusive interview. The purchase... <read more>
September 8, 2011
Calkain: Private Buyers Like Single Tenant Net Lease Assets
GlobeSt.com
By Erika Morphy,
GlobeSt.com
NEWPORT NEWS, VA-A local investment group here has acquired a 16,510-square foot showroom leased to La-Z-Boy Furniture Galleries. The $3.3 million... <read more>
September 7, 2011
Net Lease Cap Rates, Sector by Sector
Commercial Property Executive
By Winston Orzechowski,
Research Director, Calkain Cos.
Net lease cap rates averaged 7.75 percent for the first quarter of 2011, continuing the rate drop that began... <read more>
August 14, 2011
Developer asks shopkeepers: Why rent when you can own?
The Washington Post
By Danielle Douglas, Published: August 14
At Lansdowne Town Center, a multiphase development in Loudoun County featuring residential and retail space, brokers are signing up mom-and-pop shops with a simple pitch: Why rent... <read more>
August 11, 2011
Representing a unique opportunity, now may be a good time to invest in Rite Aid
New York Real Estate Journal
By Stanley B. Wyrwicz,
Senior Managing Director, Calkain Cos.
Along with most net leased retail properties, the investment sales market for Rite Aids was virtually nonexistent in 2009. Beginning in 2010, numerous Ride Aids were sold, many... <read more>
August 3, 2011
Is the Time Right for Rite Aids?
Commercial Property Executive
By Stanley B. Wyrwicz,
Senior Managing Director, Calkain Cos.
Rite Aid is one of the most recognized net-lease tenants in the market. Recently, Rite Aid has been selling corporate-owned sites through sale-leaseback transactions,... <read more>
August 3, 2011
La-Z-Boy Bldg. in Newport News Trades for $3.3M
CoStar Group
Great Falls Investor Purchases Fully Leased Property
By Steven Garnes
NK2 Newport LLC, headquartered in Great Falls, VA, acquired property at 11967 Jefferson Ave. in Newport News from Glenbrook Properties-Muller Lane LLC for $3.3 million or $200 per... <read more>
July 26, 2011
Don’t Worry. Net Lease.
Real Estate Biznow | Boston
There’s more than one way to own a property. Stan Wyrwicz, Rich Murphy, and Mike O’Mara, who last month opened a Calkain office here, broker net-lease deals for the Reston, Va.-based company that allow investors to own real estate without... <read more>
June 22, 2011
Jim Tucker joined Calkain Companies
Richmond BizSense.com
By BizSense Staff
Jim Tucker joined Calkain Companies as chief operating officer. He was most recently the Mid-Atlantic regional manager for Sperry Van Ness. Tucker attended California State University and the University of Florida.
Source: RichmondBizSense.com
... <read more>
June 22, 2011
Calkain Companies Hires Chief Operating Officer
Maddux Tampa Bay News Wire
Calkain Companies, a national real estate investment brokerage firm, announced today that Jim Tucker, CCIM will join the company as Chief Operating Officer (COO) to work with the company's executive team, sales professionals, administrative staff and clients... <read more>
June 21, 2011
Jim Tucker Joins Calkain as COO
GlobeSt.com
By Erika Morphy | GlobeSt.com
WASHINGTON, DC - Calkain Cos. is deepening its executive bench with the hire of a new chief operating officer. Industry veteran Jim Tucker has been on the job for a few weeks, focusing on... <read more>
June 17, 2011
Calkain Aims to Gain on NE Net Lease Scene
The Real Reporter
By: Joe Clements | The Real Reporter
BURLINGTON &emdash;
Virginia - based
Calkain Cos..
announced its arrival
this month, but the
expanding net lease
investment brokerage
... <read more>
June 16, 2011
Calkain Boston Wraps Up $10M Portfolio Transaction
GlobeSt.com
BOSTON, MA-Calkain Boston has completed a $10 million portfolio of triple net lease transactions for an oil and gas client. Rich Murphy, managing director of the newly-opened Calkain Boston office, says that the diversity of the properties involved--from... <read more>
June 15, 2011
What the Doc Ordered
Real Estate Bisnow | South Florida
Likening it to a case study of today's market, Calkain Cos EVP David Sobelman tells us he repped the seller of a build-to-suit asset in Broward County for $4.8M ($928/SF). The 5,000 SF investment property sale exemplifies... <read more>
June 10, 2011
Calkain Closes $4.8 Million Sale of Investment Property
REBusiness Online
SUNRISE, FLA. — Calkain Cos. has brokered the $4.8 million sale of a 5,170-square-foot investment property that is leased to Blue Cross/Blue Shield of Florida on a long-term, triple-net basis. The property is an... <read more>
June 9, 2011
Calkain Closes Sale of Triple Net Leased Duo
GlobeSt.com
By Jennifer LeClaire, GlobeSt.com
FORT LAUDERDALE, FL-An investment property leased to Blue Cross/Blue Shield of Florida on a long-term triple net basis has traded for $4.8 million, or $928.43 per square foot.... <read more>
June 8, 2011
Calkain Companies, Inc. Opens Boston Office
Boston Business Journal | Real Estate Round Up
Calkain Companies Inc., a national real estate investment brokerage firm, has recently opened a Boston-area office, located in Burlington, in order to better serve the New England and Northeast markets. The office will be... <read more>
June 1, 2011
Calkain Opening New Net Lease Brokerage Office in Boston
Citybizlist Washington DC
Reston, VA-based Calkain Cos. Inc. has opened an net-lease brokerage office in Boston, which will be run by Sr. Managing Director Stan Wyrwicz, Managing director Rich Murphy and Vice President Mike O'Mara, according to GlobeSt., which quotes company president Jonathan... <read more>
June 1, 2011
Calkain Cos. Opens Boston Office
Banker & Tradesman
Virginia-based Calkain Cos., a national real estate investment brokerage firm, has opened a Boston office and brought on three industry veterans to help run it.
Stan Wyrwic, who will serve as senior managing director, was... <read more>
May 31, 2011
Calkain Takes Boston
GlobeSt.com
BOSTON — "There's no full-service net-lease brokerage company serving the Boston market." With that statement, Jonathan Hipp, president and CEO of the Reston, VA-based Calkain Cos. Inc. unveiled to GlobeSt.com exclusively that it has opened an office here ... <read more>
May 31, 2011
Calkain Takes Boston
Silobreaker
BOSTON-Theres no full-service net-lease brokerage company serving the Boston market. With that statement, Jonathan Hipp, president and CEO of the Reston, VA-based Calkain Cos Inc. unveiled to GlobeSt.com exclusively that it has opened an office here and hired a team... <read more>
May 24, 2011
Is an UPREIT Right For You?
NAIOP | Commercial Real Estate Development Association
NAIOP: Online Solution Series – Release date: May 24, 2011
Presented by Richard Murphy,
Managing Director, Calkain Asset Management
As markets start to improve and the better-performing assets reach a break-even point, an UPREIT structure could... <read more>
May 18, 2011
UpREITs: Tax-Driven Conversions for Property Owners
Commercial Property Executive
By Rich Murphy, Managing Director, Calkain Asset Management
One of the more under-discussed aspects of the REIT is how it can benefit a seller of real estate. By contributing a property to a REIT, you can achieve... <read more>
May 16, 2011
Discounters Rev Up Retail
Natioinal Real Estate Investor
With retail bankruptcies continuing to mount &emdash; Blockbuster and Borders Group are the latest, leaving hundreds of storefronts vacant &emdash; new development has retreated into an eerie calm. It’s the rare shopping center being... <read more>
May 12, 2011
Fantini & Gorga executive discusses net lease financing
Washington Business Journal
Fantini & Gorga executive discusses net lease financing
Keith K. Wentzel, managing director of Fantini & Gorga, discusses his opinions on net lease financing and the future of the market on GlobeSt.com.
Read more: Fantini & Gorga executive discusses net lease financing... <read more>
May 2, 2011
Calkain closes area’s largest net lease deal in years
Forbes
FAIRFAX COUNTY &emdash; Calkain Cos. has closed on what it says is the largest net-leased retail deal in the Washington area in years, GlobeSt.com reports. Representing both the buyer and seller, Calkain facilitated the trade... <read more>
April 28, 2011
Non-Traded REITs Have Tons of Cash
GlobeSt.TV | By Ian Ritter
NEW YORK CITY - And they're ready to spend it on net lease properties, says Calkain Cos.' president and CEO Jonathan Hipp.
Continute to full article at: http://www.globest.com/videos/event_coverage/309300-1.html ... <read more>
April 26, 2011
Commercial real estate roundup, 4/25/11
Virginia Business Magazine
FAIRFAX COUNTY &emdash; Calkain Cos. , a national real estate investment brokerage firm in Reston, reports a $13.8 million sale that it describes as one of the largest net-lease retail transactions in the area... <read more>
April 20, 2011
NO HASSLE, DUDE
Real Estate Biznow | Washington
The DC area’s largest net lease deal in years has closed, signaling the return of “set it and forget it” real estate. Washington Property Co. sold a combo Walgreens/PNC-leased property in Fairfax for $13.8M to a local... <read more>
April 18, 2011
Ground Lease Sold for $13.8 Million in Virginia
REBusiness ONLINE
FAIRFAX, VA. &emdash; A cobranded ground lease between Walgreens and PNC Bank sold for $13.8 million, the largest net-leased retail transaction in the Washington, D.C., area in the last several years. Jeff Bogart of Calkain Companies' Reston, Va. office represented... <read more>
April 15, 2011
Calkain Closes Area’s Largest Net Lease Deal in Years
Washington Business Journal
Calkain Cos. has closed on what it says is the largest net-leased retail deal in the Washington area in years, GlobeSt.com reports. Representing both the buyer and seller, Calkain facilitated the trade of a ... <read more>
April 14, 2011
Calkain Closes Area’s Largest Net Lease Deal in Years
GlobeSt.com
By Erika Morphy | Washington, DC
FAIRFAX, VA-Calkain Cos., headed by Jonathan Hipp, has closed on what it says is the largest net leased retail deal in the Washington, DC area in years. Representing both buyer... <read more>
April 14, 2011
Look Out for FASB Changes
RealShare COVERAGE | GlobeSt.com
By Jacqueline Hlavenka | New York
NEW YORK CITY – Higher interest rates, reduced concessions and other negative impacts on balance sheets were just some of the grim predictions made during Wednesday afternoon’s “Latest Developments in ... <read more>
April 13, 2011
Non-Traded REITs Poised to Grow
RealShare COVERAGE | GlobeSt.Com
By Carl Gaines | New York
NEW YORK CITY-At the start of Wednesday’s RealShare Net Lease conference, keynote speaker Thomas Sittema, CEO of CNL Financial Group, produced a chart showing just four non-traded REITs as of 2003,... <read more>
April 12, 2011
Net Lease Opportunities Diversify
GlobeSt.com
By Paul Bubny | New York
NEW YORK CITY-The more than 200 industry professionals confirmed to attend Wednesday’s RealShare Net Lease conference have a more diversified array of net lease market opportunities to consider, conference... <read more>
April 6, 2011
Net Lease Builds on Success in 2011
GlobeSt.com
By Paul Bubny | New York
NEW YORK CITY-The net lease sector in 2010 drew renewed vigor from investors’ appetite for quality assets that offer long-term stability. Industry experts believe this year promises another sizable increase in... <read more>
April 6, 2011
Bright Lights for Retail’s Future?
GlobeSt.com | Net Lease Insider Blog
Closure announcements for this quarter GAFO (general merchandise, apparel, furniture and other goods) fell by 53% compared to last year. Blockbuster and Talbots made up 41% of those closings. This suggests retailers are rebounding... <read more>
March 28, 2011
Is 6% Still Too Low for Net Lease?
Real Estate Forum March 2011
I vividly remember having several conversations with some very intelligent net lease investors in 2007. Going through their parameters and discussing the potential options to deploy their capital, ultimately the conversation turned to yield – A.K.A. cap... <read more>
March 23, 2011
Investors Returning To Retail Single Building by Single Building
CoStar Group
Stand-Alone Retail Properties Generating Renewed Interest from Investors-- Hinting at Broader Recovery To Come
By Mark Heschmeyer
As the Great Recession recedes, consumers, retailers, investors, landlords and lenders are re-emerging and the prospects for retail commercial real estate look better than they... <read more>
March 16, 2011
Cap and Interest Rates Face Off on a Collision Course
Commercial Property Executive
With both cap rates falling and interest rates rising, just how much lower can the spread between these two figures go before investors begin to push back? Consumer confidence has crept back to relatively normal ... <read more>
March 3, 2011
Calkain Cos. exec on Mid-Atlantic ICSC
Washington Business Journal
Andrew Fallon, a Calkain Cos. associate, provides his observations on the International Council of Shopping Centers' mid-Atlantic conference, on GlobeSt.com.
Source: www.bizjournals.com/washington/breaking_ground/2011/03/calkain-cos-exec-on-mid-atlantic-icsc.html ... <read more>
February 16, 2011
The State of the Net Lease Market
Commercial Property Executive
Let’s address a few questions and answers about today’s net lease market.
Can you quantify cap rate differences by market for the same credit tenant?
Demand for credit rated property within the MSA of the elite primary ... <read more>
February 8, 2011
Space Race
The weak real estate market offers CFOs a great opportunity. Here's how to maximize it.
Russ Banham - CFO Magazine
Many companies will move or expand into new facilities in 2011, particularly if the economy picks up steam. Fortunately for them &emdash; and for companies that simply want a better deal... <read more>
January 26, 2011
Calkain’s Jonathan W. Hipp Featured in Real Estate Forum
Real Estate Forum January 2011
Active Sector Stands Apart in Down Market
The reliable income of high-quality net-leased assets shone in 2010.
That trend is expected to continue in 2011.
"There's more demand than there is product" was a refrain often heard throughout... <read more>
January 26, 2011
The Little Book of Triple Net Lease Investing Featured in Commercial Investment Spotlight
Commercial Investment Real Estate magazine
Understanding NNN
Commercial Investment Real Estate magazine reviews The Little Book fo Triple Net Lease
Investing.
To read the review visit:
www.calkain.com/news-pdf/news18.pdf
Order now at Amazon.com... <read more>
January 21, 2011
Calkain Cos. hires new research director
Virginia Business
Calkain Cos., a national real estate investment brokerage in Reston, has hired Winston Orzechowski as its new research director. The company, which specializes in triple net leases, added the position so it could focus on the macro and micro economic... <read more>
December 15, 2010
CVS/pharmacy sells for $11.74 Million in Washington, D.C.
Southeast Real Estate Business
Washington, D.C. - BGG AssociatesDC
and BGG Associates-DCGL have
purchased a CVS/pharmacy property,
which is located at 1751 Columbia
Road in Washington, D.C:s Adams
Morgan neighborhood. The triple-net
leased retail property sold for $11.74
million or $932 per square foot. Rick
Fernandez of Calkain Cos. represented
the buyer, while... <read more>
December 10, 2010
Cap Rates Dropping for Strong-Credit Net Lease Properties
Small Balance.com
If there's an arguably positive consequence of real estate bubbles, it's that development tends to come to a screeching halt when they burst - helping prevent product over-supplies from getting even further out of whack.
And at this point... <read more>
December 2, 2010
Catch Business with Triple-Net Leases
Scotsman Guide
Triple-net-lease properties' returns are more favorable and more secure than some traditional investment vehicles
By: David Sobelman, Executive Vice President, Calkain Cos.
As published in Scotsman Guide's Commercial Edition, January 2010.
Despite the economic downturn and the... <read more>
December 1, 2010
Tax Problems with ’Zero’ Solutions
Commercial Property Executive - By Richard T. Murphy, Managing Director, Calkain Asset Management
Deutsche Bank says two-thirds of loans maturing from now through 2018 cannot be refinanced. It also estimates at least two-thirds of CMBS loans maturing between now and 2018 will unlikely qualify for refinancing at maturity without significant equity infusions from... <read more>
November 30, 2010
Lorton office condo sells for $1.15M
Washington Business Journal
A 3,695-square-foot office condominium within the Lorton Station Town Center sold to a private investor for $1.15 million, or about $311 per square foot.
Defense contractor EOIR Technologies Inc. leases the space on a long-term, triple net basis.
... <read more>
November 18, 2010
Where the Buyers (and Lenders) Are
Real Estate Forum
Available product and deal flow have ramped up in the past six months, but cap rates are still all over the place.
At the start of 2010, the net lease sector appeared poised for a run-up in activity... <read more>
November 11, 2010
With Development Remaining Stagnant, Net Lease Properties More Popular
Tampa Bay Business Journal - by Patrick Nutt
While headlines continue to detail a prolonged downturn in the commercial real estate market, one sector that
has bucked that trend is the net lease arena.
First, it is important to realize how broad the title commercial real estate is.... <read more>
October 26, 2010
CVS in Adams Morgan Sells for $11.7M
Washington Business Journal - by Tierney Plumb
A CVS pharmacy in a high traffic location of Adams Morgan traded for $11.7 million.
The property at 1751 Columbia Rd. NW sold to BGG Associates-DC LLC and BGG Associates-DCGL LLC for $932.43 per square foot, or 98 percent... <read more>
October 22, 2010
Calkain Execs 'Write Book' on Net Lease Investing
Gulf Coast Business Review
In commercial real estate circles, it is often said that Calkain Cos. executives Jonathan Hipp and David Sobelman wrote the book on net lease investing. Now, that reference can be taken literally.
Sobelman, Calkain’s executive vice president in Tampa,... <read more>
October 18, 2010
Sobelman Named to Real Estate Forum's 40 Under Forty: Meet Tomorrow's Superstars
Real Estate Forum
The past few years have admittedly been tough for those tied to commercial real estate, but it hasn't sopped up-and-comers from making some major strides.
The editors for REAL ESTATE FORUM received nearly 300 nominations for this year's 40... <read more>
October 8, 2010
A New Take on FASB Rules from Richard L. Podos
GlobeSt.com | California AM Alert
Mention the acronym “FASB” in the halls of commercial real estate and you may start a veritable shouting match. Like some impending disaster, the fear that FASB will turn the CRE world upon it head (while leaving no prisoners) is... <read more>
September 29, 2010
Calkain Companies: Teal Henderson
Florida Real Estate Journal
TAMPA - Calkain Companies welcomes its newest broker, Teal Henderson, to its Southeast headquarters office in Tampa.
Teal Henderson's real estate career was initiated with a focus on medical and office real estate investment sales and leasing. She was... <read more>
September 24, 2010
Safety Net
Gulf Coast Business Review - by Carl Cronan | Tampa Bay Editor
Seasoned investors needing a counter to the lackluster returns of stocks, bonds and cash equivalents now have another option to consider.
And just like a possible remedy to a health ailment, they may be able to find it at... <read more>
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