We are proud to announce that Connect Media has named us as a 2024 Top Broker Award Winner! More than 500 nominations were received, with 105 leading commercial real estate brokers, or teams of brokers, in property sales or leasing being recognized. Thank you for the award and congratulations to all the winners.
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Corion is proud to announce our sale of the Auto Club Speedway as the CoStar Impact Awards 2024 winner for Sale/Acquisition of the Year. We are grateful for the recognition and congratulate the over 380 winners. The 2024 CoStar Impact Awards recognize the deals and projects that transformed the nation's largest commercial real estate markets in the past year, as chosen by the industry professionals who know those regions best.
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Fred spoke with Fortune reporter Dylan Sloan to share his insights regarding the root causes of the rise in commercial real estate vacancy and what it will take to turn the tide and take some of the pressure off the banks behind many of these vacant properties.
If property owners upgrade their spaces to attract new tenants, convert their space into apartments, or simply offload their assets to avoid default, will it be enough?
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In a recent email, Connect included one of our transactions as one of their top 5 stories of 2023. High-level real estate distress was a recurring theme among the stories that drew the most attention from Connect CRE California readers. Yet 2023 also saw plenty of large-scale transactions taking place, as #3 on this roster demonstrates. We are grateful for NASCAR and Hillwood, proud to be the #3 story, and thankful for the recognition by Connect CRE!
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Delayed for a year by a back injury that left me crippled for months, standing on the rooftop of Africa 72 hours after we began our journey, affirmed that you can realize your dreams and get to the mountaintop through focus, determination and working closely with experienced guides. Despite the crippling headwinds buffeting CRE this storm too will pass. It's not the destination, it's the journey.
With over 100 years and $10 B of experience, Corion can guide you to your summit.
The “Zombie Apocalypse” for urban office was predicted by Corion over a year ago (see our blog about it here). It is upon us as every day brings news of another high rise urban office building being taken over by a receiver. Bloomberg interviewed Fred Cordova about the current and pending challenges facing urban office and the path to the cure. Read John Gittelsohn’s article to understand what is happening and what has to be done to save the urban core of America’s great cities.
We are proud to announce that Connect Media has named us as a 2023 Top Broker Award Winner for the Connect CRE West region! We are grateful for the recognition and to be included with the other outstanding winners! It is an honor to be nominated with the many talented and successful commercial real estate professionals.
Gov Polis presents the kickoff of Glo Park to be the future of energy innovation to reduce carbon emissions and help sustain the future of the planet. Headed up by special projects manager, Lu Cordova and a team of over two dozen stakeholders and advisors, NexCore/Hatch was selected to be the developer.
Corion collaborated with the State of Colorado, NexCore/Hatch and the many stakeholders to help envision the project, select the developer and negotiate the development agreement. We are very excited for the State of Colorado and NexCore and look forward to continuing to assist the parties help create the energy innovation campus of the future.
We are proud to announce that our CEO and Founder Frederick Cordova has been nominated as Brokerage Executive of the Year for the 2023 Los Angeles Business Journal Commercial Real Estate Awards. It is an honor to be nominated with the many talented and successful commercial real estate professionals of Los Angeles. Read the full story in the February 27th issue of the Los Angeles Business Journal.
Corion Properties is proud to announce the completed sale of phase 1 of 433 acres in the highly sought after Inland Empire West submarket of Southern California by Auto Club Speedway (“Seller”) to Dallas-based Hillwood Investment Properties and CBRE Investment Management (“Buyer”). Located on the Auto Club Speedway property at the juncture of I-15 and I-10 Freeways in Fontana, CA, the ACS Logistics Center is fully entitled for up to 6,600,000 square feet of modern logistics facilitiesand will include abundant features programmed to mitigate environmental impacts and appeal to sophisticated logistics tenant ESG requirements.
Corion has played a pivotal role on Glo Park assisting the State of Colorado team on several aspects of the project including helping to craft the invitation to negotiate for developers, the vision components and design elements, and the developer selection criteria. In addition, Corion assisted the State team in identifying and contacting prospective developers, selecting the developer, analyzing and evaluating the underwriting and economics of the project, refining site plans and design elements, and negotiating the ground lease. Corion is looking forward to continuing to work with the state, the developer and all stakeholders to bring the vision of Glo Park into reality.
Available here and streaming on The Binge Networks TV Channel as featured on Apple TV, Amazon TV, Sony, ROKU, Samsung, LG, and many others , Fred appeared on the DotCom Magazine Entrepreneur Spotlight Series. This intriguing and informative series has featured many Inc.500 Executives, Ted Talk presenters, ABC Shark Tank participants, and many other leading founders and CEOs on the show. We are honored Fred is part of a collection of such greatness!
