OCTOBER 01, 2019 | THE PALOMAR GROUP Whether you are looking to capitalize on the aggressive cap rates in the market today or give your company a much needed cash infusion for operations, sale-leasebacks remain a viable option. Cash will always be king and sale-leasebacks are a cost-efficient, effective way to unlock equity and raise […]
SEPTEMBER 30, 2019 | THE PALOMAR GROUP The Palomar Group is pleased to bring to market two new listings in Virginia and Tennessee. In Virginia, we are offering Timberlake Station, a 82,000 SF multi-tenant retail center located in Lynchburg, VA with tenants that include Harbor Freight Tools, Workout Anytime, Family Dollar, and more. In Tennessee, […]
SEPTEMBER 26, 2019 | THE PALOMAR GROUP The Palomar Group is pleased to announce the sale of Olde Towne Marketplace, a 42,000 SF Food Lion anchored shopping center in Portsmouth, VA. Olde Towne was 100% occupied at the time of sale and sold to a private investor out of California. The Palomar Group took this […]
SEPTEMBER 25, 2019 | THE PALOMAR GROUP The Palomar Group recently sold a Winn-Dixie anchored shopping center located in the TAMPA, FL MSA (Brooksville). South Plaza is a 127,224 square foot asset anchored by Winn-Dixie, AutoZone and Buddy’s Home Furnishings. The property was privately held and the buyer was a California based private investor that […]
SEPTEMBER 25, 2019 | THE PALOMAR GROUP Major Projects in Atlanta have to get creative to combat rising development cost – Takeaways from the Bisnow State of the Market Conference Development costs continue to rise for Class A offices in Atlanta: · 1999 – 1 Alliance Building – $186/SF · 2008 – 2 Alliance Building […]
JULY 18, 2019 | THE PALOMAR GROUP Interest rates are 120 bps lower than they were in November 2018. At the beginning of 2019, the Federal Reserve Chairman, Jerome Powell, predicted that the Fed would raise rates three times this year. Even though labor markets are strong and economic activity is rising at a moderate […]
JULY 25, 2018 | THE PALOMAR GROUP With grocery anchored shopping centers continuing to be the darling of retail investment sales, Publix Supermarkets continues their aggressive buying spree of company leased stores and centers. Over the past two years, Publix has been one of the most active and aggressive buyers of their shopping centers across […]