CORFAC News

06 Jul2020 CORFAC News

CORFAC International Welcomes Louisville-Based Duncan Commercial Real Estate to the Network

CORFAC is pleased to announce Duncan Commercial Real Estate/CORFAC International in Louisville, Kentucky, is the newest U.S. affiliate to join our growing global network. Duncan Commercial is the fourth domestic firm to join CORFAC this year, building on 2019's record-setting growth of seven new firms. "CORFAC...

29 Jun2020 CORFAC News

L. Mason Capitani/CORFAC International Brokers Sale of Troy, Michigan, Office Property

L. Mason Capitani/CORFAC International is pleased to announce the sale of the 70,000 square foot multi-tenant office building located at 550 Stephenson Highway in Troy, Michigan. Mason L. Capitani, SIOR, represented the purchaser, California-based LREH Michigan LLC, in the acquisition. Recent renovations to the...

29 Jun2020 CORFAC News

VOIT REAL ESTATE SERVICES/CORFAC INTERNATIONAL DIRECTS $3.15 MILLION SALE OF OFFICE BUILDING IN SAN DIEGO AMID STATE LOCKDOWN ORDERS

Brandon Keith, Kipp Gstettenbauer and Ryan King of Voit Real Estate Services/CORFAC International have successfully directed the sale of an office property in San Diego, California, for $3,150,000. The 13,695 square foot office building is centrally located within the Sorrento Mesa office market and offers quick access to...

15 Jun2020 CORFAC News

Bradford Real Estate Services/CORFAC International Negotiates Lease Expansion for Curtis Specialized Moving & Storage

Curtis Specialized Moving & Storage has renewed and expanded to 83,700 square feet, doubling the size of its industrial footprint in the South Stemmons submarket of the metroplex in Dallas, Texas. The tenant has renewed 43,200 sf at 460 W. Mockingbird Lane, Dallas, and leased 40,500 sf of neighboring space in...

28 May2020 CORFAC News

Commercial Properties Inc./CORFAC International Closes Investment Sale in Scottsdale, Arizona

Commercial Properties, Inc./CORFAC International, Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the investment sale of Mesquite Corporate Center, a 79,537 square foot, two-story, Class A office building in Scottsdale, Arizona.   The Ron Schooler and Ken Elmer Team...

22 May2020 CORFAC News

Commercial Properties Inc./CORFAC International Sells Industrial Building and Adjacent Land in Mesa, Arizona

Commercial Properties, Inc./CORFAC International, Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of a 14,337 square foot flex industrial building and 1.45 acres of adjacent land in Mesa, Arizona.   Just north of Falcon Field Airpark, the Andy Jaffe and Rex...

13 May2020 CORFAC News

An Occupier's Dilemma In Changing Market Conditions -- A Farebrother View

The changing needs of the office of the future have been debated for many decades so it seems strange to raise this to the top of the agenda after less than two months in lockdown. It is of course right to keep occupancy requirements under constant review, especially given technological advances over the last 10 years....

13 May2020 CORFAC News

Century Realty/CORFAC International Represents Seller in Disposition of an Office Building in Bethel Park, PA

Century Realty, LLC/CORFAC International is pleased to announce the sale of 4800 Library Road/PA Route 88 located in Bethel Park, PA. The property is a 3,865 square foot single tenant office building that Century Realty listed for sale, placed under agreement, and sold within four months. The Seller was represented by...

11 May2020 CORFAC News

The Stubblebine Company/CORFAC International Represents Buyer in $1.9 Million Distribution Center Purchase

David Skinner of The Stubblebine Company/CORFAC International, represented the buyer, 75 Hale Street LLC, and David Ellis of Ellis Realty Advisors represented the seller, Hale Street Realty Trust, in the sale of a distribution center at 75 Hale Street in Bridgewater, Massachusetts, for $1,950,000. The building...

07 May2020 CORFAC News

COMMERCIAL PROPERTIES INC./CORFAC International IS PLEASED TO ANNOUNCE THE SALE OF PARCEL 1 OF SYCAMORE STATION IN MESA, AZ

Commercial Properties, Inc./CORFAC International (CPI), Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of Parcel 1 located in Sycamore Station in Mesa, Arizona.     An investment buyer purchased just over 4 acres for $3.8 million. The property is...

24 Apr2020 CORFAC News

HWBC/CORFAC International Advises on €182M Purchase in Dublin

GLL Real Estate Partners, an affiliate of the Australian investment bank Macquarie Group and Patrizia AG, has completed the acquisition for €182 million of the Bishop’s Square office scheme in Dublin city centre. While the successful completion of the sale represents a particular coup for Hines, it will...

20 Apr2020 CORFAC News

10 Ways to Increase Productivity in These Challenging Times

As we work through these unprecedented times, commercial real estate professionals are looking for ways to keep their deals and businesses going. With the help of one of their clients, the team at Joel and Granot Real Estate/CORFAC International came up with a list of ways to use this slower time to improve your operational...

03 Apr2020 CORFAC News

Trepp's Economic and Commercial Real Estate Loan Forecasting Model Analyzes Default Trends

To gauge the impact of the COVID-19 disruption, Trepp has applied an economic and real estate forecast scenario to a portfolio of 12,500 commercial real estate loans. The findings were perhaps to be expected: Defaults are expected to increase, in some cases significantly. Under the scenario Trepp used, the...

30 Mar2020 CORFAC News

CORFAC International Welcomes St. Louis-Based Intelica CRE to the Network

CORFAC is pleased to announce Intelica CRE/CORFAC International, in the St. Louis suburb of Creve Coeur, Missouri, is the newest U.S. affiliate to join our growing global network. Intelica CRE is the second domestic firm to join CORFAC this year, building on 2019’s record-setting growth of seven new firms....

23 Mar2020 CORFAC News

CORFAC Headquarters Update and Response to COVID-19

CORFAC hopes this finds our members in good health and positive spirits. We wanted to provide an update on CORFAC Headquarters operations in light of COVID-19. The State of Illinois issued a stay-at-home order for all residents to prevent further spread of COVID-19 effective March 21-April 30, 2020. CORFAC...

13 Mar2020 CORFAC News

L. Mason Capitani/CORFAC International Represents Buyer in Fully Leased Office Investment Purchase

Mason L. Capitani, SIOR, of L. Mason Capitani CORFAC International has successfully represented the purchaser, LREH Michigan, LLC, in the acquisition of the 128,829 square foot office property located at 37101 Corporate Drive in Farmington Hills, Michigan. Built in 2001, the class “A” building is fully leased...

06 Mar2020 CORFAC News

CORFAC Congratulates 2019 COR$TAR Award Winners

CORFAC International congratulates the winners of the 2019 COR$TAR Awards, which recognize member firms and individuals for their in-network referral transactions. The awards were announced at CORFAC’s Spring Conference in Playa del Carmen, Mexico, on March 6, 2020. The COR$TAR Awards recognize the largest...

04 Mar2020 CORFAC News

L. Mason Capitani/CORFAC International Negotiates Long-Term Industrial Lease

L. Mason Capitani/CORFAC International is pleased to announce the recent long-term lease of a newly constructed industrial building located at 15000 Commercial Drive in Shelby Township, Michigan, to Ethel’s Baking Company. The lease was negotiated by Joe DePonio III, SIOR, of L. Mason Capitani/CORFAC International in...

24 Feb2020 CORFAC News

CORFAC International Welcomes Darwin Realty to the Network

CORFAC is pleased to announce Darwin Realty/CORFAC International, in the western Chicago suburb of Elmhurst, IL, is the newest U.S. affiliate to join our growing global network. Darwin Realty is the first U.S.-based firm to join CORFAC this year, building on 2019’s record-setting growth of seven new firms....

10 Feb2020 CORFAC News

Bradford Wins Leasing, Management for Five-Property Office Portfolio in Fort Worth, Texas

Waco, Texas-based Lakeland West Capital LLC has selected Bradford Commercial Real Estate Services/CORFAC International to lease and manage a five-property office portfolio in Fort Worth, the Mid-Cities and Arlington. Erik Blais, a vice president in the Fort Worth office of Dallas-based Bradford, placed the...

Locally Owned. Globally Connected

CORFAC International is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Founded in 1989, CORFAC has 50 offices in the U.S., 4 in Canada and 17 in international markets, including Australia, France, Germany, Ireland, Italy, Japan, Malaysia, Mexico, Netherlands, Romania, Russia, Singapore, South Korea, Switzerland, Thailand and the United Kingdom. CORFAC offices annually complete more than 10,000 lease and sales transactions totaling over 620 million square feet of space valued in excess of $8.2 billion.