Dangerous Man Brewing Co. Signs Lease For Northeast Bank Building
Congratulations to client Dangerous Man Brewing Company on recently signing a lease for 3200 sq ft for their “one-of-a-kind” taproom in the Northeast Bank Building. You may remember back in the fall when they were in the press and fought to get an ordinance changed to be able to open their brewery in Northeast Minneapolis….
Linkage: Smaller Markets Present Big Opportunities
Here’s what I’m reading for the week: Follow the technology via WSJ. Tech companies are the new Wall Street tenant as commercial real estate brokers look to represent them. Can your business be sold? via Inc. The hot spot for the rising tech generation via WSJ. LEGO Denmark Office – Version 2.0 via Office Snapshots….
Linkage: End Of The Mancave And Real Estate Developer Crowdsources With Facebook
Here’s are the links that I’m reading: Five MN Cos Among “World’s Most Ethical” via TCBMag. Core, Distressed, Debt and Opportunistic Private Equity Funds are Seeking CRE Investment Opportunities via NREI. Death of the Mancave (1992-2012) via LA Times. The World’s Coolest Staircases via BBC. Sunglass Uses Open-Web Standards To Bring Architectural Drafting Into The…
Apple’s Cash
Simply put, it just seems that Apple can’t miss. At anything. Their stock has been on fire since the death of Steve Jobs and people just can’t stop buying their beautiful products. Even myself. The company has sold 3 million iPads in just three friggin’ days! Most of the people that made the purchases probably…
MNCAR 2012 Annual Market Report
MNCAR has come out with their annual market report and have highlighted a few of the asset classes in the report. Its a quick read and gives you a good idea of what is happening in the local market. Office Market Every office market experienced positive absorption except for the St. Paul central business district…
Get out of my way, we don’t need you!
“I’m fine, I don’t need any help” is another common phrase that I mutter when a salesperson approaches me. I’m a man with a plan when I venture into a store. Get in and get out as fast as possible with as least amount of interaction as possible. This trend seems to be increasing across…
Linkage: Apartments Lose Luster and Apple’s New Deets on Corporate Campus
Here are the only links that matter, the one’s I’m reading! Apple provides additional details, renderings for it’s Cupertino campus project via Apple Insider. This will be the best corporate campus around! Top Cities for Runners via Forbes. Of course, Minneapolis-St. Paul area makes the list. Why wouldn’t it? Just because the ground maybe frozen…
Bid On An Office Tower
Here’s yet another chance for you to own a downtown office tower in Minneapolis for maybe pennies on the dollar. The BizJournal is reporting that Fifth Street Towers is scheduled to be on the auction block at the Hennepin County Sheriff’s office on April 19th. Makes sense that the lender no longer is wanting to…
Listed: Office Condo In The Maple Leaf Ridge Business Center
Maple Leaf Ridge Business Center is located along busy HWY 61 in Maplewood, MN. This property is for sale or lease. Built in 2006, this is one of the newest class A office properties in the area and is a perfect fit for a variety of different uses. Features Highly visible street frontage with signage…
Linkage: Amazon Buying Up Blocks Of Real Estate
Curating the best links from around the web: Amazon Acquires Blocks In Seattle via WSJ. Companies could learn a few things about Amazon and how they have created a behemoth of an online retailer. LinkedIn’s Offices In The Empire State Building via Business Insider. Record-breaking lease deal rumored on Fifth Avenue in New York City…
What I Do
The meme “What I do” has to be one of the most annoying meme’s in the history of meme’s. Then I found the one for commercial real estate… (h/t Duke Long)
Linkage: Coolest Shopping Malls and $2 Million Commission Disputes
Here’s what I’m reading. The best curated links from across the web in regards to commercial real estate. Coolest shopping malls via Business Insider. Walmart and Target Retail Stores Give Amazon A Brick and Mortar Footprint via PRweb. Jones Lang caught in $2 million leasing dispute via The Real Deal. I almost live for the…
Having trouble finding office space in Minneapolis on the 25th floor or above?
You wouldn’t be the only one then. According to a new office market report released by Colliers, office space above the 25th floor in downtown Minneapolis towers of the central business district has just a 3% vacancy rate! Most of the available space is non-contiguous as well – meaning it’s scattered and not available in…
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…
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…
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…
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
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.
Commercial real estate marketing at it’s finest
Found this awesome sign while touring a property yesterday in all of it’s brilliance. As if commercial real estate doesn’t already make it difficult enough to contact the listing broker. Nice work global firm.
Linkage: Apple’s Beautiful Retail Stores
The Empire State Building luster returns via WSJ. Vacant Fort Snelling buildings to be fixed up for homeless veterans via PiPress. How Steelcase is designing now for the future of work via GigaOM. Parking lots area a waste of space and a drag on growth via Forbes. Whatever happened to the Twin Cities via StarTrib….
Siri and Commercial Real Estate
So I finally upgraded from my 2nd generation iPhone that had slowed to a crawl. There’s been a few things that I’ve noticed since finally getting my hands on the new device: The potential in the commercial mobile space There are still a lot of shitty CRE apps to be blunt One thing I’ve found…
Beer, Policy and Commercial Real Estate
The other night I had the opportunity to sit in on West Bank Brewing Association event at the Republic. I was interested in the event not only because Omar Ansari from Surly Brewing and Jim Diley from Fulton Brewing were the guest, but also because recent policy changes have an effect on a breweries commercial…
Would You Work With A Commercial Brokerages That Associates Itself With Walking Away
Recently, it has been reported that large local commercial real estate brokerage is giving the keys back to the lender of a large suburban office property in Bloomington. It’s not the first time this happened and certainly won’t be the last either. You would think moral ethics come into play as a brokerage is telling…
Linkage: Angry Birds Retail Store and coworking is better for you than previously thought
America’s 8 worst performing retail chains via 24/ 7 Wall Street. There’s some big one’s on here folks, I’ve only shopped at one in the past few years. Trading the shrinking retail footprint via CNBC. Rovio opens up the first Angry Birds store in Finland via Techcrunch. Admit it, you’ve played the game, more than once….
Linkage: Tech Giants New Office Spaces
Photo Tour: Grand Opening of Google LA via Search Engine Land. If only every office was as cool as Google’s! Inside The Walls: Facebook’s New Home via Mercury News. The other tech giant that seems to copy the Big G in one way or another. 6 Questions for Ratkovich Co. CEO and Founder via GlobeSt. Centered…
One Step Closer
There’s been quite a lot of chatter recently across a multitude of media platforms regarding a proposed ordinance change in Minneapolis that allows breweries and liquor establishments to open retail space within 300 ft from a place of worship. They are also making it out to be like some sort of turf war. Which is…
Lyndale Tap House Brings The Valley Tap House To Apple Valley
Bilimbi Bay didn’t survive in the location. Major’s Sports Cafe didn’t survive in the location. The Lyndale Tap House now thinks that their pit-beef style restaurant concept will as the owner’s look to grow their retail footprint outside of Minneapolis. The new name for their second location is the Valley Tap House. Location 14889 Florence…
Linkage: Those Occupy Property Squatters and a Peeps Store Coming To MOA
Awesome workplaces in Silicon Valley via AOL. Something EVERY company should strive for in amenities for their employees. Occupy Wall Street raises questions about privately-owned pubic spaces via NREI. Duke Realty sells suburban Twin Cities office space via BizJournal. The company sold a real estate portfolio for $1.8 billion that had 82 properties, two of…
Linkage: A Picasso in exchange for a real estate loan?
Commercial real estate links collected for your enjoyment: Steinhardt Pledges Picassos for Real Estate as Art Loans Surge via Business Week. If you need money for your latest real estate ventures, then put up your Picasso’s! The Hennepin Steam Building in the North Loop has a new tenant and hopes to attract more via Finance…
Vacancy around Target anchored retail developments
As Target Corporation shifts their real estate strategy given the current economic landscape – not all developments are doing well. This specific location is in the Cobblestone Lake neighborhood in Apple Valley. It has been a struggle to bring in tenants since the development came online a few years back. The businesses that do open…
Economic Outlook for Real Estate Investors and Decision Makers
The Economic Outlook for Real Estate Investors and Decision Makers View more presentations from CCIM Institute
