Tag: development

News 

City of Columbus Aims to Address Affordable Housing with 2021 CRA Abatement Policy

Alexa Broyles, , , , , , , , ,

The Columbus Department of Development presented its proposed update to the Community Reinvestment Area Residential Abatement policy as part of a scheduled three-year review, on Wednesday, Nov. 17, during a public meeting. The updated proposal affects tax abatements in both the legacy community reinvestment areas, as well as in designated as “Market Ready” and “Ready for Revitalization” areas, which are determined based on the number of qualifying distress criteria. Distress criteria include population growth, median household income growth, poverty rate, growth in median rent, housing vacancy rate and mortgage foreclosure…

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Commercial Real Estate 101 

5 Things to Know About Opportunity Zones Right Now

Amy Karnes, , , , ,

The coronavirus pandemic has undoubtedly shaken up every market in the country. While all eyes are on Class A cities to see how the very best in the game are faring during these times, other locations aren’t getting much consideration. In the middle of all of this market-madness, how are opportunity zones doing right now? Opportunity Zones 101 Opportunity zones are officially defined as “economically-distressed communities where new investments, under certain conditions, may be eligible for preferential tax treatment.” This system was introduced with the 2018 Tax Cuts and Jobs…

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Commercial Real Estate 101 

5 Ways E-commerce Has Changed the Game for Industrial Real Estate

Amy Karnes, , , , , ,

E-commerce has been a crucial driver in the industrial real estate market for both leasing and investment activity. The new niche market of retail is transforming the entire industrial sector from logistics to warehouse design. Let’s take a look at a few ways e-commerce has changed the game for industrial real estate. Logistics The logistics part of the industrial sector is on fire, primarily because of e-commerce. The requirements behind logistics facilities for e-commerce are very different than for in-store retail. As e-commerce grows, retailers will need to expand their…

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News 

June Transactions

Amy Karnes, , , , , , , , , , ,

NAI Ohio Equities closed over 19 transactions during the month of June, including large office sales and leases. Some of the larger transactions included an entirely in-house deal at 707 Park Meadow Road in Westerville. The owner was represented by the Office Brokerage Group of Andy Dutcher, Matt Gregory, and Philip Bird and the buyer was represented by the Capital City Team of Mark Francescon and Joe Menninger. The building sold for $1,800,000. To download our entire report, please click Here.

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News 

May Transactions

Amy Karnes, , , , , , , , , , ,

NAI Ohio Equities closed over 25 transactions during the month of May, including a large number of Industrial sale and leases. Some of the larger transactions included the sale-leaseback of 1727 Georgesville Road, co-oped with NAI Hiffman, for $13,625,000 and the sale of 525 Maxtown Road for $2,350,000. For the month, our office closed on 13 leases and 9 sales. To download our entire report, please click Here.

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News 

NAI Ohio Equities January Transactions

Amy Karnes, , , , , , , , , , ,

Our agents had a busy month! A few of our deals included the sale of 6805 Perimeter Drive in Dublin, Ohio for $6,530,000 by the Office Brokerage Group, the sale of 298-300 Enterprise Drive in Lewis Center for $789,000 by the Industrial Warehouse Investment Team and the lease of 825 Tech Center Drive, 1st Floor in Gahanna. To view all of our transactions, please download the PDF: January Transactions

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News 

Zanesville Land Opportunities

Amy Karnes, , ,

Zanesville, Ohio, a small city of 26,000 residents located 45 minutes east of Columbus in Muskingum County, could be the perfect place for that new hotel, warehouse or retail space. NAI Ohio Equities has a significant foothold in the Zanesville market thanks to one of our agents, Kim Benincasa. Kim has specialized in the Zanesville area for over 17 years. Creating meaningful relationships with a number of local businesses, local retailers, and developers, she often has a large number of land development listings for sale. Currently, she has over 17…

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