Friday, June 17, 2011

Boston Net Lease Market

Boston Net LEASE News

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 staffed by three industry veterans: senior managing director Stan Wyrwicz, formerly the chief financial officer of General Investment and Development Cos. and also CFO with Cabot, Cabot and Forbes; managing director Rich Murphy, who has been part of the Calkain team for a year and who previously worked at the controller level for the Mills corporation Follow this company and Akridge Real Estate Services; and vice president Mike O’Mara, wo has been in commercial real estate for 20 years.

CB Richard Ellis/New England, based in Boston, has named Jason Levendusky, Taidgh McClory and Patrick Mulready partners of the firm. Levendusky, who joined CBRE/NE in 2001, is a senior member of the Massachusetts suburban brokerage team. McClory, who joined CBRE/NE in 2003, is senior vice president, director of marketing & client services. Mulready, who began his career at CBRE/NE in 1996 as an appraiser, specializing in the valuation of office properties throughout Greater Hartford, transferred to the Hartford brokerage staff in 1998 to focus on the sale of investment properties.

Individual investors will continue to be attracted to Net Lease deals because those transactions are viewed as safe, income-producing real estate investments, says CEO of Calkain Jonathan W Hipp “We think that Boston-area is going to stay very competitive net lease market.

Thursday, June 16, 2011

Net Lease Market Report

Net Lease Market News

Calkain Net Lease Market Report provides in-depth analysis of the net lease market

A recent theme in the net lease mar­ket has been the success of primary markets compared to their tertiary counterparts. While primary markets have been resilient and recently showed remarkable success, tertiary markets con­tinue to struggle. The Washington DC area (D.C., Maryland and Virginia) is chief among the top tier markets and its rela­tive success is easily measurable.

Net lease cap rates for retail, market compressed in the first quarter of 2011, while investment sales remained strong in the single tenant market,according to data from Calkain. Calkain Research provides in-depth analysis of the net lease market. Our intimate knowledge and years of experience in the net lease industry gives us the unique opportunity to provide thought leadership and perspective.Through highly focused coverage over a diverse range of topics, we facilitate a culture of knowledge and enable intelligent investment strategies.

The net lease market continues to improve, but many of the factors driving this appear short term. As more properties come to market due to improved pricing fundamentals, many believe that the cap rate compression will plateau. The high demand and scarcity of high performance markets will continue drive their cap rates lower.

Monday, June 6, 2011

National Retail Properties, Inc. Announces New and Expanded $450 Million Unsecured Credit Facility

Net Lease Market News

National Retail Properties announces new and expanded $450 million unsecured credit facility Co announces the closing of a new $450 million unsecured credit facility, replacing its existing $400 million credit facility. The new facility matures May 2015, with an option to extend maturity to May 2016. The facility is priced at LIBOR plus 150 basis points. The new facility also includes an accordion feature to increase the facility size to $650 million.

Calkain Research provides a variety of reports on all aspects of the net lease market. Our coverage includes: retail, industrial, urban, QSR, banks, pharmacy and more. We present a comprehensive and detailed picture of the market; providing investors with the information they need. is the leading Internet provider of live market analysis for U.S. Stock, U.S. Bond, and world FX market participants.
National Retail Properties (NYSE: NNN), a real estate investment trust, invests in single-tenant retail properties generally subject to long-term, net leases.
As one of only 114 out of the more than 10,000 publicly-traded companies that have increased annual dividends for 21 or more consecutive years, we are a powerful partner for our retail customers and a proven investment for our shareholders. The average annual total return to shareholders has been 13.6% over the past 15 years.