CORFAC News

17 Sep2020 CORFAC News

Commercial Properties Inc./CORFAC International Announces the Sale of a Bank-Owned Industrial Warehouse in Tempe, AZ

Commercial Properties, Inc./CORFAC International, Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of an industrial warehouse with a secured yard in Tempe, Arizona. The 11,047 square foot industrial building at 664 W Warner Road in Tempe, Arizona, was originally...

15 Sep2020 CORFAC News

Speedwagon Capital Partners Acquires Partnership Interest Chicago-Area Industrial Real Estate Portfolio

Darwin Realty/CORFAC International is pleased to announce that Speedwagon Capital Partners, a Chicago-based private real estate investment firm, has purchased an interest in a real estate portfolio owned by industrial real estate veterans George Cibula and Matt Lewandowski of Darwin Realty/CORFAC International. The...

14 Sep2020 CORFAC News

Congratulations to Forte Commercial Real Estate and Capacity Commercial Group on a $1.31 Million Industrial Lease Referral

In a great example of how CORFAC's global network works, earlier this year Dustin Whistler of Forte Commercial Real Estate/CORFAC International in Denver, Colorado, referred client Geary Pacific Corporation to Mark Childs, SIOR, of Capacity Commercial Group/ CORFAC International in Portland, Oregon. The referral...

11 Sep2020 CORFAC News

CORFAC Congratulates Our 2020 Standards of Excellence Award Winners

CORFAC International is pleased to announce the winners of the 2020 Standards of Excellence Awards, which recognize individuals who exemplify excellence, integrity, dedication and participation in the CORFAC network. Award winners were honored by CORFAC's 2020 President Alan Joel, CCIM, of Joel and Granot Commercial...

24 Aug2020 CORFAC News

The Stubblebine Company/CORFAC International Represents Client in Sale of $4 Million Industrial Building

David and James Stubblebine, principals of The Stubblebine Company/CORFAC International, and Chris Michniewicz, a Senior Advisor at The Stubblebine Company/CORFAC International, represented Future Foam in the $4 million transaction, while George Paskalis, Executive Vice President of MG Commercial, represented the...

20 Jul2020 CORFAC News

CORFAC International Welcomes TRI Commercial’s New Office in San Jose, CA, to the Network

CORFAC is pleased to announce TRI Commercial/CORFAC International in San Jose, California, is the newest U.S. affiliate to join our growing global network. TRI’s San Jose office is the fourth domestic firm to join CORFAC this year, building on 2019’s record-setting growth of seven new firms.    ...

15 Jul2020 CORFAC News

TRI Commercial/CORFAC International Represents Healthcare Realty Services in Several Medical Office Leases

Congratulations to Sonny O'Drobinak, Paul O'Drobinak and Ed Del Beccaro of TRI Commercial/CORFAC International in Walnut Creek, CA, who represented Nashville, Tennessee-based Healthcare Realty Services Inc. on four medical office leases totaling more than 16,380 square feet in Oakland, California. The team...

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 third 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

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...