Colliers Integrated Real Estate Solutions - Real Estate Strategic Advisory Services, Investment Sales, Structured Real Estate Finance

Colliers spearheads two major industrial transactions in recent months:

The commercial real estate industry has been hit hard by the economic downturn, with little to no investment activity, companies going out of business and tenants staying put until an economic recovery appears in plainer site. Several transactions that have recently taken place in Southern California may signal what could be the start of the commercial real estate recovery.

Colliers has been at the forefront of this turnaround in several recent deals. Among the transactions paving the way for a more optimistic outlook in the industry and for the Southern California market are the sale and lease of 21.6 acres of land in Anaheim and a 645,000 square-foot lease in Mira Loma.

In what could be the largest transaction to take place in Southern California in 2009, Birtcher Development & Investments, in partnership with Cornerstone Real Estate Advisers, LLC, acquired a 21.6-acre site in Anaheim. The firm plans to develop a build-to-suit facility for Northgate Gonzales Markets, a family-owned Latin-American market, which signed a 15-year lease on the property.

Birtcher and Cornerstone were represented by Clyde Stauff, senior vice president in Colliers International’s Irvine office and Senior Vice Presidents Patrick Remolacio and Bret Hardy with Colliers Integrated Real Estate Solutions (IRES) group.

Development is scheduled to commence in the fourth quarter of 2009 for the 375,000 SF warehouse and distribution center. The property will be developed according to LEED standards and will feature Spanish-style architecture.

In Mira Loma, IDS USA, a clothing distributor, recently signed a 5-year lease for a 645,000 SF industrial property at AMB Galleano Distribution Center for its Los Angeles regional operations. According to Michael McCrary, senior vice president in Colliers Ontario office, who represented the landlord, AMB Property Corporation, in the transaction, IDS was operating out of more than one location, which was inefficient for its operations.

“With values in the Inland Empire continuing to drop due to decreased demand, companies such as IDS can capitalize on the market and secure a great piece of real estate for their core operations,” explains McCrary.

Originally published in Colliers Real Estate Insider

Pat Remolacio

Bret Hardy

Clyde Stauff

Michael McCrary

IRES was selected by GSA Region 9 in June to provide real estate support services to its newly created Real Estate Division headquartered in San Francisco under a multi-year contract. Within a very short timeframe, IRES was responsible for identifying, hiring, and training approximately 34 contract employees placed in GSA’s main offices throughout the region including San Francisco, Los Angeles, San Diego, Phoenix and Hawaii. The contract employees support Real Estate Division activities associated with GSA’s leased and owned portfolio of real estate.

Click here to download the PDF and read the full case study.

For more information about this case study, please contact:

Darrin Kennedy
IRES Managing Director
865 S. Figueroa St., Suite 3500
Los Angeles, CA 90017
213.861.3323
darrin.kennedy@colliers.com

Most government agencies or public institutions today are facing the constant challenge of managing facilities and infrastructure in an environment of limited fiscal resources.

To the extent that government agencies require new, standalone or single tenant facilities, they can be efficiently and competitively procured from private developers/investors on a Build-to-Lease (BTL) basis. Excellent credit quality and sophisticated use of innovative lease provisions are among the key characteristics which allow for efficient underwriting and project financing by private lending institutions. Substantial value stemming from certain inherent advantages possessed by government agencies when competitively sourcing new facilities from private developers/investors can best be harvested for the government agency’s benefit through application of a focused, end-to-end procurement process. The bottom line result is the acquisition of leased facilities at wholesale rather than retail lease rates. This article discusses the features and benefits of the BTL Competitive Procurement Process jointly developed by Colliers’ Integrated Real Estate Solutions Group and the Knighthorse Corporation (IRES / Knighthorse).

Click here to download the PDF and read the full article.

For more information about this article, please contact:

Darrin Kennedy
IRES Managing Director
865 S. Figueroa St., Suite 3500
Los Angeles, CA 90017
213.861.3323
darrin.kennedy@colliers.com

Joseph Faccone
Knighthorse President
3 Bethesda Metro Center
Bethesda, MD 20814
202.412.2535
jf@knighthorse.net

GSA Region 9 Real Estate Division Support Services Contract

Colliers’ Integrated Real Estate Solutions Group (“IRES”) based in Los Angeles has secured a multi-year contract with GSA Region 9 to provide support services to its newly created Real Estate Division headquartered in San Francisco. Specifically, Colliers will be responsible for identifying and managing approximately 34 contract employees to be placed in GSA’s main offices throughout the region including San Francisco, Los Angeles, San Diego, Phoenix and Hawaii.  The contract employees will support Real Estate Division activities associated with GSA’s leased and owned portfolio of real estate.

For any questions or additional information regarding this exciting initiative, please contact Darrin Kennedy, IRES Managing Director in Los Angeles at 213.861.3323 or via email at darrin.kennedy@colliers.com