Tag: CRE

NAI Global announced last week that NAI Ohio Equities’ Matt Gregory and Andy Dutcher have been recognized through its annual Top Performer Recognition Program. Gregory and Dutcher each earned a spot on the 2022 Top 100 Producers list consisting of the top 2% of all agents within the 375 NAI offices worldwide and has an estimated 6000 agents. Gregory and Dutcher lead the Office Brokerage Group within NAI Ohio Equities. They have completed more than 1,000 real estate transactions with a volume of more than $715 million since becoming business…

Despite the Federal Reserve implementing its eighth interest rate increase last week in a little less than a year, and fears of a potential recession which has given investors pause, NAI Ohio Equities’ brokerage division had a strong January. Overall, our brokerage closed 18 transactions equating to sales or leases totaling more than 502,240 square feet. Doug Shull represented the Knox County Land Bank on its sale of a 2-acre plot at Lot 4 of the Heartland Commerce Park to Knox Area Transit (KAT) who will use the land to…

December marked an exceptional finish to an outstanding year at NAI Ohio Equities. Our brokerage department closed 25 transactions and leased or sold more than 325,000 square feet and 15 acres. The Sheeran Semon team of Dan Sheeran, Dan Sheeran Jr., and Mike Semon closed the month’s largest transaction with the sale of 1300 Alum Creek Drive. The team represented the seller and the property sold for $6.6 million. Overall, the Sheeran Semon team closed 10 transactions for the month and had the largest industrial and retail leases, as well…

It’s been an eventful year in commercial real estate as the recovery drove record-level activity, and now, with activity slowing as a result of interest rate increases intended to temper inflation. As we look forward to next year, our market experts share their insights on what you can expect as we head into 2023. Interest Rates Uncertainty around interest rates will continue to affect decision making for the first half of 2023. After reaching record lows of around 3.5%, and then climbing to the highs of about 6.5% during 2022,…

Buyers and sellers seem to be at a stalemate when it comes to commercial real estate transactions as of late while the market appears to be undergoing a period of ‘pricing discovery.’ After an onslaught of contributing events, including COVID-19, followed by trillions in fiscal stimulus, and later, Russia’s invasion of Ukraine and supply chain disruptions, the Federal Reserve has taken aggressive measures against rising inflation. November’s rate hike marked the fourth such action taken this year after a long-running stint of ultra-low interest rates. The rise in interest rates…

Despite continuing interest rate increases which have begun to impact commercial real estate investments, November closed transactions remained steady at NAI Ohio Equities. Our brokerage department closed 20 transactions and leased or sold more than 203,000 square feet. Nearly one-third of closed transactions exceeded $1 million and half of all closed transactions this month were office space, signaling that demand remains. Included in those large office deals was Telhio Credit Union which sold its 96 N. Fourth Street property. Telhio, which was represented by Mike Simpson, signed a lease last…

Activity picked up in October with our brokerage department closing 26 transactions, a 30% increase over September, equating to more than 992,000 square feet sold or leased for the month. Our featured transactions for the month were all multimillion-dollar deals, which included long-term leases and renewals. Mike Simpson represented Telhio Credit Union in its search for its newest location. Telhio signed a 10-year lease at 330 Rush Alley at The Peninsula in Franklinton. Citing a desire to be in a progressive area, Telhio sought a location that also offered building…