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Finmarc Sells Off Pieces Of the First Potomac Portfolio

GlobeSt.com

CHANTILLY, VA–Two years ago Finmarc Management closed on First Potomac Realty Trust’s 950,000-square foot Northern Virginia portfolio for $96 million. It has been selectively selling off assets since then, including most recently two holdings for $7.2 million.

Two flex/office/warehouse buildings comprising 56,076 square feet within the Enterprise Center here traded to 10th Street, LLC. Caulley Deringer and Andrew Hassett of Transwestern represented the seller and Andrew Fallon of Calkain Companies represented the buyer in this transaction.

Over the past two years, Finmarc has increased the leased …

Amanda WillisFinmarc Sells Off Pieces Of the First Potomac Portfolio

Calkain’s Net Lease Team Expands

Connor Barton Joins the Calkain Brokerage Team

Fort Lauderdale, FL – Calkain Companies LLC announced this week that it has hired Connor Barton as the newest Investment Sales Associate in its South Florida office. Barton will be joining Managing Partner, Patrick Nutt and Associate Director, Scott Campbell at Calkain’s Ft. Lauderdale location.…

Traci BidingerCalkain’s Net Lease Team Expands

Investors Continue to Chase Net Lease Cap Rates

GlobeSt.com

The two sectors at either end of the cap-rate change spectrum in Q3 were dollar stores, up 45.1 bps, and pharmacies, which posted a -29.3 shift.

Cap rates’ upward trend continued in the third quarter with an 8-point basis gain, according to to Calkain Research’s Q3 Cap Rate report. Furthermore the trend shows no sign of abating, Calkain goes on to say.

The two sectors at either end of the cap-rate change spectrum this quarter are dollar stores, up 45.1 bps, and pharmacies, which posted a -29.3 shift.…

Amanda WillisInvestors Continue to Chase Net Lease Cap Rates

What is Really Happening with Bank-CRE Lending?

GlobeSt.com

There is nothing ambiguous about CBRE’s recently released report, “Commercial Real Estate Lending Market Remains Robust.” According to CBRE’s Lending Momentum Index, an index that tracks the pace of U.S. commercial loan closings, Q2 2018 numbers have kept pace with those reported in the first quarter. CBRE also indicated that banks accounted for almost half of the non-agency lending volume that closed during the second quarter.

Amid all the good news, the report also said that, “compared to a year ago, June …

Amanda WillisWhat is Really Happening with Bank-CRE Lending?

Cap Rates Continue to Tick Upward, Net Lease Outlook Remains Cautiously Optimistic

Herndon, VA – Calkain today released its Q3 2018 Cap Rate Report.  Despite four straight quarters of increases, the cap rate still remains relatively low at 6.55%, only 23 bps off our recent all-time low.

“Although we’ve seen an uptick in interest rates, the market continues to aggressively chase net lease assets.  I’m cautiously optimistic we will have a solid fourth quarter,” stated Jon Hipp, Calkain’s president and CEO.

According to the report, the net lease market is on track for continued strong performance.  The report includes a sector-by-sector breakdown, as well as an overall view of the single tenant …

Traci BidingerCap Rates Continue to Tick Upward, Net Lease Outlook Remains Cautiously Optimistic

As QSR Cap Rates Continue to Decline, What’s Behind the Premium for this Sector?

GlobeSt.com

This premium to the STNL average is driven by their leases, locations, and insulation from ecommerce. The typical QSR lease is long (15 to 20 years), with no landlord responsibilities, and rental increases during the base term. QSRs usually operate in buildings with strong real estate fundamentals, good visibility from roads with high traffic counts. These factors not only help the tenant, but make the property attractive to investors.…

Amanda WillisAs QSR Cap Rates Continue to Decline, What’s Behind the Premium for this Sector?

New Calkain Division Targets Institutional, Private-Market Clients

Commercial Property Executive

Founder, President & CEO Jonathan Hipp, describes how existing relationships and shifting market dynamics led him to start the brokerage’s capital markets group—NetCMG—in June, along with his plans for growing the new business line.

In June, Founder, President & CEO of Calkain Cos. Jonathan Hipp tapped existing relationships to start NetCMG, the firm’s capital markets division, and the timing couldn’t have been better. This year’s introduction of tax reform has helped in making sale-leaseback transactions more attractive for corporations—and increasingly lucrative for NetCMG. In the following exclusive interview, Hipp describes the industry trends he’s been following and his plans …

Amanda WillisNew Calkain Division Targets Institutional, Private-Market Clients

Fernandez & Fallon Broker $1.85M Sale of Capitol Hill Retail

Herndon, VA – Calkain‘s Urban Investment Advisors team of Rick Fernandez and Andrew Fallon recently completed the sale of 749 8th Street, SE located in the Barracks Row area of the Capitol Hill neighborhood just north of the Navy Yard in Washington, DC. The 100% leased, 2,244 square foot, 2-story property is anchored by District Doughnut, a specialty doughnut shop, and the Skin Beauty Bar which offers luxury spa services.  Calkain represented the seller in the transaction and the property sold for $1,850,000.00 or $824 per square foot.

Fallon commented, “The property is well-located along 8th Street (Barracks …

Traci BidingerFernandez & Fallon Broker $1.85M Sale of Capitol Hill Retail

Rite-Aid on its Own: What it Means for Real Estate Investors

GlobeSt.com

In February 2018, Albertsons Companies announced that it would acquire the Rite Aid Corporation. The plan was for Albertsons’ to acquire all of the locations not included in Walgreens’ purchase of 2,186 stores. This would have added approximately 2,400 pharmacies to Albertsons, which then wanted to rebrand its other pharmacies to the Rite Aid name.…

Amanda WillisRite-Aid on its Own: What it Means for Real Estate Investors

The home of The Passenger in Shaw is for sale

Washington Business Journal

The building that houses the popular Shaw bar The Passenger is up for sale

Herndon-based real estate brokerage firm Calkain Cos. has been retained to seek buyers for the Seventh Street building that is home to the cocktail bar and eatery, which maintains a longterm lease in the building, according to a release sent out Monday.…

Amanda WillisThe home of The Passenger in Shaw is for sale