Posts tagged downtown
This is a rare opportunity to own downtown Bozeman business RoShamBo. Price includes all inventory, FF&E, web/e-commerce, 2,500+ customer list! $175,000 Please contact Kasey Harte at 570-9031 for all inquiries. Don’t miss out on this great opportunity!
Chip Bales, a well known chef in the Gallatin Valley, has purchased the Sideline Grill located in the Rocking R Bar. Renamed the High Country Grill, Chip will draw on his New Orleans roots to deliver a diverse and interesting menu for lunch and dinner. Watch for a March opening. Can you say from scratch Jambalaya?
NAI Global Issues 2012 Global Market Report; 26th Annual Volume Provides Review/Forecast for 217 Commercial Property Markets Worldwide
The commercial real estate industry demonstrated positive signs of growth of in the first half of 2011, but by year’s end many markets worldwide were coping with the impact of financial uncertainty in Europe and the United States, according to the 26th annual Global Market Report released today by NAI Global.
Activity was strong in the first half of 2011, as corporate space users took advantage of a global tenant’s market to reduce overall occupancy costs through consolidation and locking in low effective rental rates. However, commercial real estate markets across the globe were weighed down by the global financial crisis in the second half of the year. Most markets are continuing to show signs of improvement, but at a slower pace. However, with limited new construction, markets could tighten quickly should the pace of the economic recovery pick up.
“While the level of optimism varies from market to market, commercial real estate market fundamentals are generally improving,” said Jeffrey M. Finn, President and CEO of NAI Global. “Corporations once again are moving forward on plans, taking advantage of a tenants’ market worldwide to reduce their overall occupancy costs. Investors are beginning to chase yield as they move beyond core trophy assets to the quality opportunistic plays in strong secondary markets. With a tremendous amount of capital amassed on the sidelines, we expect more assets to transact as pricing continues to hold steady.”
Capital markets showed clear signs of improvement as historically low interest rates and high investor demand resulted in significant increases in global investment sales volumes. Cap rates compressed in most primary and secondary markets, as well-capitalized REITs, private equity and institutional investors aggressively pursue yield. With a relative shortage of quality assets on the market, this trend is likely to continue into 2012. Investors are also acquiring large portfolios of loans and REO as financial institutions are placing more product on the market.
While the level of real estate recovery varies from market to market, many markets across the U.S. are showing signs of recovery, as are parts of Asia, Europe and Latin America. However, the continuing uncertainty in the euro zone and the United States is creating a highly volatile global market that is impacting economic recovery in markets worldwide.
“The US economy is well over two years into the most anemic recovery in post-WWII history,” added Dr. Peter Linneman, NAI Global Chief Economist and Principal at Linneman Associates. “With the exception of home prices, all of the key economic indicators are on the ascent from their respective low points, but are at multiple standard deviations from historical norms. Job growth will be crucial for recovery in real estate markets, as jobs are needed to fill vacant space.”
Now in its 26th year, NAI’s Global Market Report offers insider insight and perspective on market conditions reported by NAI experts on the ground in over 200 property markets worldwide. To obtain a copy of the full report, click here.
Robyn L. Erlenbush, Broker Owner of NAI Landmark recently attended the NAI Annual Leadership Summit held at the Aldophus Hotel in Dallas, Texas, Sept 18-22. Two hundred member brokers from the United States, Canada, German, Russia, France, United Kingdom, and Latin America attended the annual international business management meeting discussing global commerce, current economic conditions, emerging market trends, business models, ancillary services and new technology platforms.
NAI Landmark is a full-service commercial real estate brokerage and advisory firm serving Bozeman, Big Sky and southwestern Montana. The firm specializes in office and retail leasing, commercial property sales, 1031 Exchange properties, development assistance, site selection services, business valuation and buyer representation. NAI Landmark has been a member broker since 2008.
NAI Global is the premier network of independent commercial real estate firms and one of the largest commercial real estate service providers worldwide. NAI Global manages a network of 5,000 professionals and 350 offices in 55 countries throughout the world. NAI professionals work together with the global management team to help clients strategically optimize real estate assets.
Another reason why living and working in Bozeman, Montana is beyond great. “Not only did Outside magazine name Bozeman one of America’s best ski towns last year, now it’s also given one of the city’s employers the distinction of being among the nation’s best companies to work for.
MercuryCSC, a downtown communications company, is listed 16th on a list of 50 best companies to work for in the magazine’s September issue, slated to be out Tuesday.
MercuryCSC employees enjoy a relaxed workplace atmosphere with group yoga, mountain biking and snow sports excursions, a company kickball team called “Who Shot the Serif?” and a company cruiser bike for running errands downtown, according to the company’s website.”
Executive Vice President for NAI Global, David Blanchard, visited Bozeman last week to present the 5th NAI Roadshow to NAI Brokers from Billings, Missoula, Bozeman and Idaho Falls. The two day event highlighted the many tools to assist members in delivering high quality real estate services to their clients that are available through NAI Global with an emphasis on cutting-edge tools, market strategies, mobile applications and technology. One of the highlights of the event was the presentation of Real Analytics a proprietary retail and food services site analysis tool that takes a lot of the risk and uncertainty out of the site selection process.
C-III Capital Partners recently acquired NAI Global, read more here. C-III Capital Partners is a full service real estate and real estate securities investment and management firm. It is among the largest and best financed private firms of its kind in the US. C-III has raised in excess of $500 million in new capital last year alone and owns institutional asset management firm managing a $150 billion asset base, through ownership interests in 100+ CMBS trusts.
With the new Gallatin Field Airport expansion, Kohl’s building completion off College Street and hiring boom along with the new Safeway grocery store going in at 19th and Main Street not to mention Right Now Technologies local expansion, the buzz around town is that Bozeman’s still growing. But the buck doesn’t stop there, there’s a lot going on in Bozeman.
Here’s a few of the stories that might interest you:
- Gallatin Field Airport expansion opens to praise, but a few miss flights
- Kohl’s bringing more than 100 jobs to Bozeman, holding job fair next week
- RightNow Technologies gets national attention, plans to expand locally
- RightNow announces quarterly earnings are higher than expected
- Bozeman to consider new Safeway grocery
- Safeway webcam tracks sntore under construction
“A foreign trade zone would allow businesses in town to become global, and could result in a boost in the local economy” – BOZEMAN, Mont. — Mystery Ranch is a global leader amongst local businesses in Bozeman. The backpack company says they send their product to over thirty countries around the world.”We are becoming an international business and this is world headquarters,” said Gary Gullickson, head of government affairs with Mystery Ranch, “as we grow we need every tool that we can use to foster that growth.”Companies like Mystery Ranch are why the Bozeman Economic Development group recently sent out a survey to gauge the interest of local businesses becoming part of a foreign trade zone.
Sloppy Dawgs, serving gourmet sloppy joes, recently opened at 140 E. Main St. in Downtown Bozeman. NAI Landmark facilitated the sale of kitchen equipment and assignment of lease. The owner has other restaurants in the country and is excited about this new Bozeman location. Curious? Check out their menu at http://www.sloppydawgsrestaurant.com/
NAI Landmark represented Labellum, Inc in the leasing of 1,800 SF of retail space at 270 W. Kagy. Labellum is a home decor and flower shop that opened earlier this month. For more information, visit http://www.labellumflowers.com
NAI Landmark represented Ice Age Manufacturing in the leasing of a new 3,900 SF retail and shop space at 84 Penny Lane, in Gallatin Gateway. Ice Age provides top quality aftermarket parts for your snowmobile. Gear up for next winter by visiting http://www.iceagemfg.com/
Kimmett Properties, LLC recently purchased 719 W. Park Street in Livingston. NAI Landmark represented both sides of the transaction. The location was the former home of Loaf ‘n Jug. Kimmett Properties will tear down the old building to construct a new Cellular Plus retail store.
Our associates are seeing lots of small entrepreneurial businesses getting a start in the early part of 2011. New listing activity seems to be slowing, which may point to better and improving occupancy rates. Contact us for more information or to find out if we can help you find the perfect location for your new or existing business.