Regal Properties to Sell $30,000,000 Office Building in Austin

The tenant in common owners of the physically and economically distressed property commonly known as Met 15, located at 7301 Metro Center Drive, in Austin, Texas, have hired Regal Properties to sell the property for approximately $30 million.  The property consists of a 257,600 square foot office building leased by two credit-worthy tenants, Progressive Insurance (84.32%) and Waste Management (15.68%).  A letter of intent for the purchase and sale of the property has already ... Read more

Fresno Area Residential Subdivision

105 Fully Improved Single Family Permit-Ready Lots For Sale or Joint Venture Regal Properties, in collaboration with Capital Real Estate Solutions LLC (“CRES”), controls 105 fully improved, building permit-ready, residential lots ranging in size from 7,000-13,883 square feet, in the City of Kerman, about 15 miles from downtown Fresno. This thriving farm community has all the required retail services and amenities, including banking, food and drug stores, and a new Super Wal-Mart. The lots are ... Read more

82 Golf Course Estate Lots

Regal Properties and Capital Real Estate Solutions LLC (“CRES”) teamed up to purchase 82 golf course estate lots, known as Cochran Ranch Estates, within the gated community of the historic Indian Palms Country Club, founded by the famous aviatrix, Jackie Cochran. The country club development, which began in the 1960’s, is about 95% built out, with 27 holes of golf, a hotel, apartments, condos, duplexes, and single family homes, comprising approximately 2,900 units. This ... Read more

Memphis Value Place Hotel Note Purchases

In February 2014, Regal Properties teamed up with Capital Real Estate Solutions LLC to facilitate the purchase of 2 notes from an Atlanta-based bank on 2 Value Place Extended Stay Hotels in Memphis, Tennessee.  The notes were purchased for 80% of the outstanding principal balances. Read more

Regal Properties to Sell $30,000,000 Office Building in Austin

The tenant in common owners of the physically and economically distressed property commonly known as Met 15, located at 7301 Metro Center Drive, in Austin, Texas, have hired Regal Properties to sell the property for approximately $30 million.  The property consists of a 257,600 square foot office building leased by two credit-worthy tenants, Progressive Insurance (84.32%) and Waste Management (15.68%).  Regal Properties already has a prospective buyer negotiating a purchase agreement.  Read more

Regal Properties Receives 2013 California Excellence Award

Regal Properties proudly announces its selection for the 2013 California Excellence Award among its real estate peers and competitors by the US Institute for Excellence in Commerce.  The award acknowledges Regal Properties’ success in the real estate industry through service to its clients and community. Regal Properties has a proud reputation for “Investing in People and Property” by donating 10% of all commissions to charitable causes, and allowing the client to designate a charity.  As ... Read more

85 People Own Half the World’s Wealth

The 85 richest people on Earth now have the same amount of wealth as the bottom half of the global population, according to a report released this week by the British humanitarian group, Oxfam International.  “It is staggering that in the 21st century, half of the world’s population owns no more than a tiny elite, whose members could all sit comfortably in a single train carriage,” said Winnie Byanyima, Oxfam’s executive director. The bottom half of ... Read more

California’s New Energy Benchmarking & Disclosure Law Takes Effect

California’s Assembly Bill (AB) 1103 energy benchmarking and disclosure law became effective as of January 1, 2014.  Implementation of the requirements begins on January 1, 2014, for a building with total gross floor area measuring more than 10,000 square feet, and on July 1, 2014, for a building with a total gross floor area measuring more than 5,000 square feet. The law requires certain non-residential business owners to input energy consumption and other building ... Read more

Changing Office Trends Impact Future Demand

Changing office trends toward increased densification, more efficient use of space, greater integration with technology, and a shift toward more collaborative work spaces, as well as greater acceptance of remote access, hold major implications for developers, investors and building owners. Tenants are downsizing their offices, particularly larger public firms, as they increasingly adopt policies for sharing non-dedicated offices, and implement technology to support their employees' ability to work anywhere and anytime, according to Norm G. ... Read more

Fast Food Property Cravings Continue

The insatiable investor appetite for fast food restaurants persists, as evidenced by the increasing volume and average price of sales in 2013. Cap rates averaged 6.9% for fast food transactions in the third quarter of 2013, compared to an average of 6.5% in the second quarter, and 7% a year ago.  Upper-tier fast food properties are generally moving with cap rates below 6% nationally; with some higher quality assets in great locations with more desirable long-term ... Read more
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