Archive for March, 2010
Join NAI Global Chief Economist Dr. Peter Linneman for a discussion on the economic recovery, the big lessons we’ve learned over the past 10 years, when jobs will return, why 2010 is a point of inflection for commercial real estate and why inflation is the big wildcard. Dr. Linneman will also be available to answer your questions during this free event. Register today!
Matt Olberding from the Journal Star wrote a good article summarizing the high number of large retail spaces available in Lincoln. A few commercial realtors were interviewed, including Richard Meginnis from NAI FMA, and provided some insight on the outlook for the big-box retail. To read the article, click here…The wide open spaces of big-box real estate.
A recent article in the Heartland Real Estate Business magazine discussed how the current economy has many real estate owners and developers taking notice of the durability and resiliency of local and regional retailers. Retail centers who have a mix of the “mom-and-pop” tenants along with the national chains have suffered less than the high-profile developments with the big national retailers…. So as the Chamber’s encourages…Think Lincoln, Buy Lincoln, Grow Lincoln.
To read the full article, click Heartland Real Estate Business.
Wolf Tackle Shop is expanding in the Briarhurst Center at 48th & Hwy. 2. They are moving in June to the space formerly occupied by Krazy Kraft. Wolf Tackle Shop has a second location in Havelock.
The City of Lincoln has made public their new GIS mapping site that is a joint venture between city and county agencies. This replaces the map software you might have used when accessing the assessor’s website. A new, fun feature for the site is its integrated with Google Street View which gives you panamoric views from various positions along many streets.
Retail sales showed an unexpected rise in February by 0.3 percent resulting from consumers braving the snowstorms to get out of the house and spend money at stores and restaurants. The Commerce Department noted this increase, the biggest since November, surpassed predictions of a 0.2 percent decline for February. Big discount stores such as Wal-Mart and general merchandise stores, a category that includes department stores, reported solid sales increases. Analysts sees this as a positive sign for recovery from the current recession. To read the full MSNBC article – Retail sales rise unexpectedly in February – Retail – msnbc.com
Downtown Lincoln has been selected as the Downtown of the Month by the International Downtown Association for March 2010. Downtowns are selected by the amount of revitalization that is taking place. Congratulations to DLA for all of their hard work!
Lawrence Yun, chief economist for the National Realtor Association believes the commercial real estate market will not see a recovery until 2011. He stated the job market is expected to grow later this year and with that the demand for office and warehouse space will improve. Furthermore, as consumer confidence increases so will the demand for retail space. To read the article in full – No Real Commercial Recovery Before 2011.
Congratulations to NAI Global for its #4 ranking in The Lipsey Company’s survey of the Top 25 Commercial Real Estate Brands! Over 50,000 practitioners and industry leaders from REITs, institutions, mortgage bankers, commercial brokers, asset managers, property managers and related professionals were interviewed and surveyed. In 2009, NAI Global ranked #7.