NAI Global New York City Commercial Real Estate Blog

NAI Global New York City's Gil Robinov Featured in Article by Crain's New York

NAI Global New York City’s Gil Robinov was interviewed and featured in a November 22 article in Crain’s New York. Gil provides his insight into the Government of the Republic of Singapore’s decision making process before their $29.5 million acquisition of a parking garage that will soon make way for a new embassy and office space in New York City.  You can read the full article here, or contact Gil Robinov at grobinov@nainyc.com for more information.

Commercial Real Estate Global Spotlight - Pensacola, Florida

Tourism and Military Presence Bolster Pensacola Economy

 

Pensacola is the westernmost city in the Florida Panhandle. With an economy that thrives on tourism, a strong military presence, healthcare and education, Pensacola is a regional distribution hub and has local air traffic access through the Pensacola Regional Airport. Pensacola’s largest employer is the Navy, which brings more than $5.1 billion in salary and wages annually by more than 22,000 military/federal employees to the local economy.

NAI Global New York City Represents ICC Industries in Lease Negotiation

NAI Global New York City Represents ICC Industries Inc. in 15,674 SF Worldwide HQ Lease Renewal at 460 Park Avenue

 

ICC Industries Inc. signed a 15,674 square foot, renewal at 460 Park Avenue for its global headquarters. Stephen Grill, Senior Managing Director of NAI Global’s New York City office represented ICC in their renewal, as he has in past transactions.

NAI Global Signs Former Kowallis & Mackey Brokerage Team to Cover Boise as NAI Pinnacle

NAI Global, the world’s premier managed network of commercial real estate firms and one of the largest real estate services providers worldwide, announced today it has signed Boise Partners LLC as its exclusive member firm in the greater Boise, Idaho area. The firm will now operate as NAI Pinnacle.

 

Based in Boise, and serving the entire Treasure Valley region, NAI Pinnacle is a full-service commercial real estate firm offering leasing, tenant representation, investment services, acquisitions/dispositions, due diligence and related consulting and advisory services to its clients. The new firm was formed by members of the NAI Kowallis & Mackey brokerage team when Kowalis & Mackey exited the commercial brokerage business earlier this year to concentrate on other interests.  

 

“NAI Pinnacle’s brokers have spent years developing relationships with quality local and regional clients while leveraging NAI’s managed network to help their clients grow. We’re thrilled to retain that talent and expertise in this new, re-energized venture. This team has the energy and resources to build a powerful new full service company that will serve the region and its clients very well.” said David Blanchard, Executive Vice President, NAI Global.

 

“Our market has grown steadily in the last few years, and our challenge is to reach out to retailers and developers who are unaware of the opportunities that await them here,” said Dennis Kelley, Partner, NAI Pinnacle.  “NAI Global’s worldwide network provides us the platform to properly represent our market on a global scale.”

 

NAI Pinnacle is located at 1409 West Main Street, Suite 110 in Boise. Headquartered in Princeton, New Jersey, NAI Global manages a network of 325 offices and 5,000 professionals in 55 countries across the globe.

NAI Global Hawaii Affiliate Represents Japanese Investor in $38M Office Purchase

A&B Properties, Inc., the real estate subsidiary of Alexander & Baldwin, Inc. (NYSE: ALEX) (“A&B”), announced today that it has completed the sale of the Pacific Guardian Tower (“PGT”), a 130,600 square-foot office building in Honolulu, Hawaii to Maruito USA, Inc., the U.S. subsidiary of Japan-based Maurito Group, a financial services company. 

Commercial Real Estate Global Spotlight - Philadelphia, Pennsylvania

Philadelphia boasts unequalled arts and entertainment offerings, lower cost of living compared to high-priced neighbors

 

The Philadelphia market is comprised of a diverse economy that includes higher education, healthcare, biotechnology/pharmaceuticals, oil refining and petrochemicals, financial services, law, manufacturing, distribution and tourism. Business activities are supported by a comprehensive highway network, international airport, passenger and freight rail (including an extensive interstate mass transit rail system), and deepwater port facilities.

Commercial Real Estate Global Spotlight - San Francisco, California

San Francisco is the banking and financial center of the West – a vibrant hub of regional, national and global business

 

San Francisco is the prime office CBD market on the West Coast, home to notable corporations including Wells Fargo, Gap, Lucas Films, Williams Sonoma, Levi Strauss. San Francisco’s office market is evolving to LEED certified standards with 5.1+ million SF of LEED certified space. In addition, the Mission Bay District houses over 1 million SF of state-of-the-art life science product. At the close of 2Q 2009, San Francisco’s market-wide vacancy rate climbed to 15%, a 340 basis-point hike from last year when vacancy was 11.6%. The overall market rental rate fell $1.03 to $3.06 per SF full service. Contraction of the financial and legal sectors has led to 2.6 million SF of sublease space available market wide.

Commercial Real Estate Global Spotlight - Seoul, Korea

 

Seoul is a hub for business, commerce and is a key corporate center in Korea

 

Seoul, in the heart of the Korean peninsula, is the largest city in and the capital of South Korea. A truly large metropolis, Seoul is home to regional and corporate headquarters for companies like Samsung, LG, Hyundai and Kia. A center for commerce and financial services, the city offers numerous shopping attractions, like the Dongdaemun Market, and access to global banking with Citigroup, Deutsche Bank and HSBC each maintaining a presence in the market.

Commercial Real Estate Global Spotlight - Moscow, Russia

Moscow is the center of economic, financial, industrial, political and cultural life in Russia

 

With more than 10 million inhabitants (17 million in the metro area), Moscow is the 7^th most populated city in the world. Moscow GDP accounts for 20% of Russia’s economy, and until last year it was rated the most expensive city in the world by several surveys.

NAI Global Expands Canadian Footprint with ICR Commercial (Regina) Ltd.

Market-Leading Firm in Saskatchewan to Operate as NAI Commercial (Sask)

 

NAI Global, the world’s premier managed network of commercial real estate firms and one of the largest real estate services providers worldwide, announced today it is expanding into the Saskatchewan region of Canada with the signing of ICR Commercial (Regina) Ltd. The firm will now operate as NAI Commercial (Sask).