Blog
Spec Office Building Lands First Tenant
wWord is, the speculative office development Mozaic located in the Uptown area of Minneapolis – has landed it’s first office tenant. It announced last fall that it had a committed tenant for it’s ground level retail space with restaurant Bar Louie, now it has it’s first office tenant to go along with the retail in….
I wish I remembered How I Did This
A few of my websites rank extremely well in Google. One of them, my personal site that is basically just a landing page with different links to social profiles and other websites shows up in the Google search results with my Google+ profile. Does Google link this automatically or did I set this up myself…
Linkage: A Pop-up Hotel and Carlson Real Estate Companies Looks To Sell Portfolio
Just Launched: Eventup, an online marketplace for venues and event space via The Next Web. Finally a site so people to don’t call commercial brokers looking for one night rentals! How can you build a smart city? via FastCo Exist. Slab City: This abandoned military base in the middle of the desert is home to…
Every CRE Broker Needs To Learn How To Code
Sitting in on some training from MNCAR (Minnesota Commercial Association of REALTORS or Minnesota Commercial Association of Real Estate, depending on which one you belong to. Confusing, I know) the other day, it amazes how little commercial brokers understand about computers and internet. MNCAR recently took a step forward by switching to ePropertyData – a…
According to NAR, Sales Volume Down In 4Q For Minnesota
No surprise here, but 4th quarter commercial real estate sales volume is down across the board – including Minnesota according the most recent survey by NAR. A few highlights from the report included space under 5,000 square feet accounted for over 70% of the demand. Financing, the economy and pricing gap between both buyer/seller continue…
Linkage: A Brewery Reborn And Crazy Ideas For Strip Malls
Commercial real estate perks up via StarTrib. More Americans are realizing they can do all their shopping at a dollar store via Business Insider. Just about every dollar store chain is expanding. Good news for investors that own these net-lease assets investments. Photographs of Impossible Architecture by Filip Dujardin via Feature Shoot. Now if only…
Loopnet’s mobile traffic grows 6x year over year
As more and more commercial brokers figure out what the Internet is, they are bound to also figure out how to use apps on mobile devices. In an email today, Loopnet is reporting that their mobile traffic has grown 6x over the past year. Clearly the shift has come to CRE and will continue to…
Amazon going bricks and mortar?
Amazon.com, the online internet retail giant is said to be opening it’s first bricks and mortar physical store in Seattle. The move only makes sense as the company has expanded it’s core offerings of just books over the past decade into just about anything one would ever need. Although the early reports suggest the retail…
Linkage: Drone aircraft use by REALTORS® and Tony Hsieh’s new project
Goodbye home office, hello coworking via Globe and Mail. Multifamily sector is thriving via StarTrib. This article is about 2 years behind, tell us something we don’t already know about the local apartment market scene. The urban markets have been going strong during this time period, now the suburbs are starting to catch up with…
Are you part of the one of the 10,000 or more single tenant net lease sales per quarter?
Single tenant net lease transactions is at an all-time high according to CoStar. Sales of these types of commercial real estate investments have averaged more than 10,000 transactions for the last few quarters. Net lease investments remain one of the hottest investments in the country. Being fueled by low interest rates and investors appetite for…
Minneapolis not one of the thirty cities that get over half of the commercial real estate investment dollars
We knew this was coming. Thirty cities get over half of all the commercial real estate investment dollars in the global economy and Minneapolis is not one of them. Neither is St. Paul for that matter. The list as follow: London $43 billion Tokyo $32 billion New York $27 billion Hong Kong $18 billion Paris…
Linkage: Target fights “showrooming” and Starbucks uses ship containers
Collaborative Workspaces: Not all what they are cracked up to be via The Atlantic Cities. Over the past few years, the changing of office space or work space has been mentioned more times than I can count. There have been numerous coworking spaces pop up and they work, for that certain type of individual and…
Minnesota among tops in the nation for LEED Certification
Minnesota finds itself on yet another top ten list. This time, it revolves around commercial property. The U.S. Green Building Council recently released it’s list of states with the most green buildings and institutional properties on per capita basis, based on 2010 U.S. census data. Minnesota had 9,591,445 of square feet to earn LEED certification…
Another Innovated Pop-up Retail Concept
I love innovative retail ideas. I’m so sick and tired of the same damn scene at every shopping mall or neighborhood strip center. Taking the pop-up store idea one step further: Popuphood. Watch this and let this be the new standard.
The Same Tune
Articles like this from the StarTrib are nothing new. This tune has been the same for the past few years. Despite hopes that commercial real estate will break out of its protracted slump, local experts say 2012 will be much like last year. The consensus is that we’re in for a long, grind-it-out recovery with…
Skyscraper Index
From Business Insider: Building booms, especially the construction of the tallest buildings in the world, coincide with economic crises according to the Barclays Skyscraper Index. And the height of the buildings also reflect the extent of the crisis. flickr photo cred: dodongjan
30 story office building completed in 15 days
Not sure if I’d set foot in an office building that was built in JUST 15 days but some of the stats may put one at ease. As a Chinese company pulled this feat off just before New Year’s.
Linkage: Apple gets a sweet deal and Twin Cities office vacancies
Best Places To Work via Glass Door. If your company isn’t on this list, you have work to do. Landscape Absurdism: Las Vegas via The Atlantic Cities. A crazy look at the odd development of Las Vegas during the boom from Google Earth, this does not make sense at all. Should a business buy its…
What Steve Jobs can teach commercial real estate about phone calls
Put your Twitter and your Facebook away, great advice from Steve Jobs about picking up the damn phone and asking for something (ie: business, listing, buyer, et al). Commercial real estate for the most part is still and always will be “beat the street” mentality. That means cold calling STILL exists today.
