Lancaster PA Commercial Real Estate

The CoStar Group reports that Northrop Grumman Corp.’s decision in July to relocate its corporate headquarters from Los Angeles to a 14-story, 334,385-square-foot building it acquired in Falls Church, VA, was a huge economic development victory for Fairfax County and the state of Virginia. But the defense contractor’s decision to buy rather than lease its headquarters building at 2980 Fairview Park Drive has also drawn renewed attention to a major international proposal that could effectively end off-balance-sheet treatment of leases.
To read the entire article, click here.

Morningstar analyst Todd Lukasik expects a flurry of purchase activity in the commercial real estate space, starting now and then intensifying in 2011 and 2012.

It’s not so much that the commercial real estate market is healthy, but rather that there will be massive amounts of distressed properties as many property owners’ untenable debt burdens come debt.

Central Pennsylvania Business Journal reports that a Texas real estate management and development company has its sights set on more Central Pennsylvania warehouse acquisitions, an executive said today.
Dallas-based Hillwood Investment Properties is actively surveying the market to add smaller vacant warehouses to its midstate portfolio, Senior Vice President Gary Frederick said. “It’s a very stable and consistent distribution market because of its proximity to most of the northeast population,” he said.

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NAI Global, the world’s premier managed network of commercial real estate firms and one of the largest real estate services providers worldwide, and Chesterfield Faring Ltd., a leading real estate restructuring group, today announced a joint venture to assist clients in need of financial restructurings.

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John Thiry provides the Lancaster, PA commercial listing brochure as a courtesy to his clients:

Lancaster PA commercial listings – 2010 Spring

Financing Terms for Borrowers Ease as Lenders Return

Apr 19, 2010 – CRE News

Lenders are returning to the commercial mortgage market, dropping their requirements for borrowers and their targets for returns along the way.

While trophy properties in major markets are seeing most of the increased lender interest, assets in secondary markets are also attracting stronger interest, according to mortgage intermediaries.

Traditional lenders, such as banks, life insurance companies and CMBS lenders, have increased by 5 percentage points the amount of leverage they’re willing to provide for properties to 60-70% for 10-year loans and by 10 percentage points to 65-70% for five-year loans, according to Cushman & Wakefield Sonnenblick Goldman.

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John Thiry, NAI Commercial Partners was pleased to successfully conclude a buyer’s agency assignment for A&M Hardware.
1077 Commercial Ave

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Hello and welcome to Lancaster Commercial. My name is John Thiry and I am a Commercial Real Estate Advisor in Lancaster PA with NAI Commercial Partners, Inc. As a Transaction Manager, I facilitate a wide variety of commercial real estate transactions, but focus on commercial/industrial brokerage, leasing and investment properties.

Transaction Manager

My role as a Transaction Manager is to assist investors and users in the acquisition, development and disposition of real estate. In practice this role can manifest in four different ways:

Transaction Management Roles

No matter which phase of a commercial real estate transaction you may be in, you can, and should be represented by a Realtor©. Our team has the training and local market experience to ensure that not only will you achieve your immediate requirements, but that you will optimize your real estate assets.

Mission Statement

I help companies and investors align their real estate assets with their business goals. From acquisition to leasing to disposition, I provide an effective mix of market knowledge and analytics to help optimize the real estate component of my client’s business.

Next Steps

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Click here to get the details on my listings.

John Thiry, NAI Commercial Partners

John F. Thiry
Commercial Real Estate Advisor

NAI Commercial Partners, Inc.
930 Red Rose Court, Suite 200
Lancaster, PA 17601

Office: 717-283-0600 x108
Mobile: 717-413-1457
Fax: 866-354-1923 (toll free)

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I am not calling it yet – but this could be the beginning of the jobs growth indication that will herald a commercial real estate price recovery.  Readers of my blog will know to look for price recover in commercial/industrial leasing and property values 6-9 months after they see confirmed net job creation announcements.

Manufacturing in ‘recovery mode’ – Nov. 2, 2009.

Is anyone else seeing net job creation news?