All 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...

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....

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...

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...

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...

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...

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....

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...

Commercial Properties Inc./CORFAC International Announces Investment Sale of a Neighborhood Retail Center in Mesa, AZ

Commercial Properties, Inc./CORFAC International, Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of Lindsay Groves Marketplace, a 16,187 square foot retail center at 2723-2727 E McKellips Road in Mesa, Arizona. The shopping center is shadow-anchored by Walmart...

Voit Real Estate Services/CORFAC International Inks Two New Leases for Expanding Corporation in San Diego, CA

TÜV SÜD America Inc., has recently renewed and expanded its presence in San Diego. They have renewed their lease for their administrative offices and testing facility at 10040 Mesa Rim Road, in Sorrento Mesa, CA, while simultaneously taking additional office space at 9920 Pacific Heights Boulevard, as well as in...

Voit Real Estate Services/CORFAC International Directs $9 Million Lease in Anaheim, CA

Voit Real Estate Services/CORFAC International is proud to announce that Jack Faris, Senior Vice President and Partner in the Irvine, California, office, successfully directed the $9 million lease of a 151,181 square-foot industrial warehouse in Anaheim, on behalf of the tenant, Etekcity Corporation. The landlord, Anaheim...

Joel & Granot Real Estate/CORFAC International Leads Value-Add Renovation in Atlanta

Finding and buying value-add commercial real estate properties is nearly impossible in the Metro Atlanta area these days, but local firm Joel & Granot Real Estate/CORFAC International, has succeeded in doing just that. JGRE led the purchase of a value-added renovation opportunity in the elusive Buckhead neighborhood of...

Bradford/CORFAC International Renews Long-Term Lease for Texas Women's Foundation

Texas Women's Foundation, a leading advocate statewide, has signed a long-term renewal and expansion for its headquarters office in Campbell Centre in North Dallas, Texas. The organization, one of the world's largest women's foundations, has expanded to 6,050 sf on the first floor of the class A...

CORFAC Deal of the Month: Piedmont Properties/CORFAC International Closes Industrial Lease in Columbia, South Carolina

Congratulations to Scott Hensley, CCIM, SIOR, and Lester Osborn, SIOR, of Piedmont Properties of the Carolinas/CORFAC International, on the closing of a 64,975-sf industrial investment purchase for client 330 Main Equities, LLC, valued at more than $4.1 million. The property is located in Columbia, South Carolina....

CORFAC Announces 2020 Leadership Team

CORFAC International is pleased to announce that Alan Joel, CCIM, Principal of Joel and Granot Real Estate/CORFAC International in Atlanta, GA, will begin his term as 2020 President of the organization on January 1. CORFAC extends its appreciation to 2019 President Sim Doughtie, CCIM, MCR, SIOR, SLCR, President of King...

Commercial Properties Inc./CORFAC International Announces Sale Class A Medical Office Building

Commercial Properties, Inc./CORFAC International, Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of 121,632 square feet at 1760 E. Pecos Road in Gilbert, Arizona. Originally built in 2007, the multitenant medical office building is approximately 130,897 square...

EDMUND TIE Joins the CORFAC International Global Network

CORFAC is pleased to welcome EDMUND TIE/CORFAC International to the global network. Headquartered in Southeast Asia’s gateway city of Singapore, EDMUND TIE also has offices in Kuala Lumpur, Malaysia (NAWAWI TIE), and Bangkok, Thailand. CORFAC International has added 10 new offices to the network in 2019. Founded...

CORFAC International Welcomes Pittsburgh-Based Century Realty LLC, to the Network

CORFAC is pleased to announce Century Realty LLC/CORFAC International, with offices in Pittsburgh, Pennsylvania, and Wheeling, West Virginia, is the newest U.S. affiliate to join the growing global network. Century Realty is the third U.S.-based firm to join CORFAC this year. The network has also added six new international...

Congratulations to CORFAC's 2019 Standards of Excellence Winners

CORFAC International is pleased to announce the winners of the 2019 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 2019 President Sim Doughtie, CCIM, MCR, SLCR, SIOR, of King...

CORFAC Welcomes Amsterdam-Based Firm FRIS to the Network

CORFAC International is pleased to announce that FRIS -- located in Amsterdam, the Netherlands -- has joined the network as its newest affiliate. FRIS is a Dutch real estate company that has grown since 1923 into a full-service real estate services provider in residential, business and investment real estate brokerage;...