Retail
NAI Global Expands to the Minneapolis-St. Paul Metro Area with NAI Everest
Oct 11th
NAI Global, the premier managed network of commercial real estate firms and one of the largest real estate services providers worldwide, is expanding its coverage into the Minneapolis-St. Paul Metro Area with the addition of NAI Everest.
Headquartered in Minneapolis, NAI Everest is a full-service commercial real estate brokerage firm providing office, industrial, multifamily and retail brokerage, consulting services, corporate solutions, property management and receivership services throughout the Twin Cities Metro Area. NAI Everest was founded by Gina Dingman, an industry veteran with extensive experience in the commercial real estate industry.
“NAI Global is a tremendous commercial real estate organization with a global platform that will allow us to broaden our services and enhance our ability to provide world-class service to our clients,” said NAI Everest President, Gina Dingman, CCIM. “We are excited about our affiliation with NAI and the opportunity it provides to partner with other firms to enhance our client services regionally and globally.”
“We are proud to have Gina and her team embrace and build the NAI brand all across the Minneapolis-St. Paul Metro Area,” said NAI Global Executive Vice President, David Blanchard. “Our business is expanding! The Twin Cities market is a critical Midwest market for us. We are confident that NAI Everest’s extensive local knowledge, relationships, commitment quality and results will greatly benefit our corporate and investor clientele.”
NAI Global is among the largest commercial real estate services organizations in the world, comprising 5,000+ professionals in 55 countries in more than 350 offices. NAI advisors such as NAI Everest work in tandem with its global management team to ensure clients strategically optimize their real estate assets. NAI offices complete over $45 billion in combined transactions annually and manage over 300 million square feet of commercial space.
NAI Everest is located at 520 Nicollet Mall, Suite 510, and Minneapolis, Minnesota 55402
Cornerstones to International Expansion
May 4th
With an every expanding global marketplace, retailers are faced with the daunting task of embarking on network expansion beyond the U.S. borders. Whether it is into Canada, Mexico or China, there are five key cornerstones retailers need to understand in order to meet with a successful international presence. Each cornerstone is linked with the next, yet each possesses its own challenges. More >
For Retail Property Developers, Finding the Right Tenant Means More than Just Filling Space
Mar 23rd
Historically, developers (landlords) would react to vacancy in their shopping centers by leasing space without understanding how the surrounding market area may have changed, and which retailers to properly target for the development. Developers who are responsible for managing properties should be more proactive with their developments in order to assess how the market area has changed over time. Lifecycle of markets don’t change overnight but do change over time as the residential base grows older, More >
Trophies vs. Trash – Finding the Best Deals in Today’s Distressed Commercial Real Estate Markets
Mar 22nd
Trophies vs. Trash – it’s just one way to explain what is happening in today’s commercial real estate market. The Trophies are those main-and-main, big city stabilized assets that are the envy of every serious institutional owner. And because the number of those assets is finite and the capital chasing them seemingly endless, prices–believe it or not–are going up and cap rats are being compressed.
The sales of those few Trophy assets are also the ones that major publications report on when they declare that the worst is over. The recent sale of the Pritzker/Hyatt Office Building in downtown Chicago is an example of a trophy selling to California-based The More >
NAI Global PowerSale To Offer 38 Industrial and Retail/Restaurant Properties
Mar 7th
NAI Global is offering approximately 38 properties via sealed bid in its fourth Commercial Property PowerSale™. The deadline for bids is April 14. The online sealed-bid sale is managed by NRC Realty & Capital Advisors, NAI Global’s alliance partner for online sealed-bid sales.
The Commercial Property PowerSale™ is an accelerated marketing program developed by NAI Global to match motivated sellers with investors and owner/users searching for prime investment opportunities. This unique marketing program gives sellers the opportunity to sell their asset quickly, reducing their holding costs and securing true market value for the property.
Interested buyers will have an opportunity to bid on industrial and retail/restaurant properties in 10 states. Large industrial properties include a 416,000 SF former Lenox plant on 56 acres in Galloway, NJ, near Atlantic City; a 238,000 SF industrial property on 40.6 acres near Chattanooga, TN; a 217,000 SF industrial facility in Salem, IN; and a fully entitled 300-acre mixed-use development opportunity in North Port, FL, between Sarasota and Ft. Myers.
The PowerSale™ also features 34 closed restaurants in Delaware, Florida, Georgia, North Carolina, Ohio, Pennsylvania and South Carolina, offered by a national lender. Building square footage ranges from 1,200 to 9,300 SF and includes former Wendy’s, Hardee’s, Boston Market, Golden Corral, Chevy’s, Waffle House, Roadhouse Grill, Pizza Hut, Sonic, El Pollo Loco, Popeye’s, Bennigan’s, Church’s, Papa John’s and more.
Prospective buyers and sellers interested in learning more about the Commercial Property PowerSale™ should visit NRC.com/PowerSale or call +1 800 747 3342 x102.
