{"id":1004020320,"date":"2010-05-20T10:46:56","date_gmt":"2010-05-20T18:46:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004020320"},"modified":"2022-12-09T01:21:42","modified_gmt":"2022-12-09T09:21:42","slug":"developing-urban-market-shows-promise","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/developing-urban-market-shows-promise\/","title":{"rendered":"Developing Urban Market Shows Promise"},"content":{"rendered":"<p>By Jonathan Hipp, President &amp; CEO, Calkain Cos. Inc.<\/p>\n<p><a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/05\/Jon-cropped.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004020321\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/developing-urban-market-shows-promise\/jon-cropped\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/05\/Jon-cropped.jpg\" data-orig-size=\"1579,1571\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Calkain Companies Portraits&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;copyright Jim Kirby&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Jon, cropped\" data-image-description=\"&lt;p&gt;Calkain Companies Portraits&lt;\/p&gt;\n\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/05\/Jon-cropped.jpg?w=1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/05\/Jon-cropped.jpg\" alt=\"\" title=\"Jon, cropped\" width=\"150\" height=\"150\" class=\"alignright size-thumbnail wp-image-1004020321\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/05\/Jon-cropped.jpg 1579w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/05\/Jon-cropped.jpg?resize=150,150 150w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/05\/Jon-cropped.jpg?resize=300,298 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/05\/Jon-cropped.jpg?resize=768,764 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/05\/Jon-cropped.jpg?resize=1024,1019 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/05\/Jon-cropped.jpg?resize=1536,1528 1536w\" sizes=\"auto, (max-width: 150px) 100vw, 150px\" \/><\/a><\/p>\n<p>There has been a lot of talk about the upward trend in urban investments. Walgreens purchased Duane Reade and its its 258 New York metro area locations for $1 billion. The German group, GLL Real Estate Partners entered the urban market by purchasing 14,000 sq. ft. square feet of New York retail condominiums from Hines for $41.9 million. JC Penney moved into a two-level, 153,000-square-foot sq ft store in Manhattan, breaking a long standing self- imposed exile from that metro area. The urban market is one the most attractive today because it ensures close proximity to large populations.<\/p>\n<p>From an NNN investment perspective, NNN triple-net urban properties, like a typical strip center, benefit from a strong anchor or even a shadow-anchored presence. A unique aspect of urban properties is that the anchor can be a dense concentration of office space or even a Metro station, because the flow of subways, buses, cars, taxis and pedestrians is the engine that drives the street scene. As a result, NNN triple-net urban properties are experiencing increased demand, as they have remained successful in spite of the recession.<\/p>\n<p>This coincides with the changing tastes of many investors, from high- risk\/reward properties to ones those with more stability and alternative uses. In today\u2019s market, suitable NNN triple-net investment property is hard to find. Quality NNN triple-net investment property is harder still. Perhaps the hardest of all, are the $1 million to $5 million size transactions where the average investor and 1031 eExchange buyers focuses their attention. Urban investments fit this niche, and NNN triple-net investors have demonstrated a willingness to acquire these assets, often at premium prices. <\/p>\n<p>It is interesting to note that urban properties fluctuate greatly, ranging from 500-square-foot  sq ft retail condos to the 153,000-square-foot sq ft JC Penney. Investors can take advantage of this naturally diverse portfolio by choosing from a variety properties to fit their specific needs. This ensures that like its corresponding surroundings, the future of the urban market will be bright and vibrant.       <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The urban market is one the most attractive today because it ensures close proximity to large populations.<\/p>\n","protected":false},"author":1126,"featured_media":1004020321,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37301],"tags":[],"class_list":["post-1004020320","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Developing Urban Market Shows Promise - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/developing-urban-market-shows-promise\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Developing Urban Market Shows Promise\" \/>\n<meta property=\"og:description\" content=\"The urban market is one the most attractive today because it ensures close proximity to large populations.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/developing-urban-market-shows-promise\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2010-05-20T18:46:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T09:21:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/05\/Jon-cropped.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1579\" \/>\n\t<meta property=\"og:image:height\" content=\"1571\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jonathan Hipp\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/developing-urban-market-shows-promise\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/developing-urban-market-shows-promise\/\",\"name\":\"Developing Urban Market Shows Promise - 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