Posts tagged Lease
Great Office Condo Space for Lease
Jul 18th
Jason Leep recently listed an 1178 sf office condo at 270 W. Kagy in the popular South Town Square in Bozeman, Montana. The office suite is 1178 sf and features an amazing second story patio off of a large conference room. The space has high quality finishes throughout and is for lease at $13/sf/year NNN.
December 2011 Deals & Deal Makers
Dec 19th
- Chris Pope and Steve Olson of NAI Landmark Real Estate represented the Trustee for the Bankruptcy Court, Mr. Joe Womack, in the 363 bankruptcy sale of the Lodge at Big Sky. The Lodge is one of three hotels on the mountain at the foot of ski runs. The 90 room property was sold by auction to the highest bidder for $3.6M.
- Farm Credit Services has expanded and renewed its lease at 1001 Oak Street in Bozeman. The company will now occupy the entire ground floor formerly of Opus Restaurant and PreFix and half of the second floor.
- If you are wondering what is being built on Lot 11 in the Northstar subdivision in Four Corners just north of Buffalo Bump Pizza is a new dog boarding kennel.
- NAI Landmark has listed for sale three buildings just across the street from the new SIMMS headquarters in Four Corners. The property currently is home to Taco Time and Kenco Security. The 12 condos aggressively priced.
Contact Chris Pope 406.556.5076 chris.pope@nailandmark.com or Steve Olson 406.556.5074 steve.olson@nailandmark.com
NAI Landmark’s Robyn Erlenbush Attends Leadership Summit
Oct 3rd
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.
Wells Fargo & Co., JPMorgan Chase & Co. and Lone Star Funds acquire $9.65 Billion in U.S. Real Estate Loans
Aug 31st
“JPMorgan Chase & Co., Wells Fargo & Co. and Lone Star Funds won the bidding for Anglo Irish Bank Corp.’s $9.65 billion portfolio of U.S. real estate loans, according to three people briefed on the auction’s results.” Bloomberg Businessweek reports.
Wells Fargo has decreased the amount of commercial property loans held by the next five largest commercial real estate lenders by $1.3 billion by paying about 80 cents on the dollar for the Anglo Irish Bank Corp.’s portfolio. It’s a risk but Wells Fargo has targeted portfolios that are performing loans and are not as likely to bring negative consequences compared to loans made during the peak of the fall.
The details have not yet been released to the public and this information comes from persons briefed on the auction results.
Sources:
JPMorgan, Well, Lone Star Said to Win Anglo Irish U.S. Loans by Bloomberg Businessweek http://news.businessweek.com/article.asp?documentKey=1376-LQJTLQ0UQVI901-2IJCNHKC5G9CPTP7CDPT7B1KFA
Wells Fargo Jumps on Commercial Deals by The Wall Street Journal | Commercial Real Estate http://online.wsj.com/article/SB10001424053111903352704576540793407207006.html
NAI Global Roadshow in Bozeman, Montana
Aug 10th
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.
Stay updated with ERA Landmark & NAI Landmark
Aug 5th
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
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C-III Capital Partners to Acquire NAI Global
Jun 29th
NEW YORK, NY, June 22, 2011 — C-III Capital Partners LLC (C-III) announced today that it has entered into a definitive agreement to acquire NAI Global, the largest and premier network of independent commercial real estate firms worldwide. C-III is led by Andrew L. Farkas, who founded and was Chairman and CEO of Insignia Financial Group, Inc. (NYSE:IFS). NAI Global will continue to operate as a separate company under its current management following the acquisition.
NAI manages a network of commercial real estate firms comprising 5,000 professionals and 350 offices in the US and 55 countries throughout the world. NAI’s network members provide a full spectrum of corporate, financial, technology and project management services.
“C-III plans to use its asset base, along with strategic acquisitions such as NAI, to create a fully diversified commercial real estate services company,” said Mr. Farkas. “This is the strategy that was successful for Insignia. C-III is led by the same team that built Insignia, and with C-III’s significantly larger asset base, I believe C-III can substantially exceed Insignia’s success,” concluded Mr. Farkas. At its height, Insignia managed $12.5 billion in assets, while today C-III’s portfolio approximates $150 billion in assets. Insignia was one of the largest commercial real estate services companies in the world when it merged with CB Richard Ellis in 2003.
C-III commenced operations with the purchase of Centerline Capital Group’s institutional real estate debt fund management and commercial mortgage loan servicing businesses in March 2010. Since that time, C-III has successfully launched mortgage origination, investment sales and title insurance businesses from scratch, and expanded its principal investment, loan origination fund management and primary and special loan servicing businesses.
“Today’s agreement represents a tremendous opportunity for NAI and our members,” said Gerald C. Finn, Chairman of NAI Global. “By teaming up with Andrew Farkas, one of the world’s leading real estate businessmen, we expect NAI will be able to significantly grow its service offerings and present new opportunities to our members.”
“We have built the world’s leading commercial real estate network, but we now believe it is time to take the enterprise to a new level and add even greater value to our members and our collective corporate and investment clients. The combination with C-III will provide a depth of resources, talent and tools from which we can draw upon to accelerate our growth,” noted Jeffrey M. Finn, President and CEO of NAI Global. “Rarely do you find partners so perfectly strategically aligned as NAI Global and C-III. This is a natural fit and extremely exciting news for the industry.”
“We are supportive of this transition and excited for opportunities that will come with our NAI affiliation,” said Robyn Erlenbush, Broker/Owner of NAI Landmark. “In Montana, NAI has offices in Bozeman, Billings and Missoula.” 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.
The transaction is expected to close in the third quarter of 2011. Financial terms of the transaction were not disclosed.
About C-III Capital Partners
C-III Capital Partners LLC is a leading commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management and principal investment. The company’s principal place of business is located in Irving, TX, and it has additional offices in New York, NY, Greenville, SC and Nashville, TN.
C-III Asset Management LLC, a wholly-owned subsidiary of C-III Capital Partners, is a highly rated servicer (primary and special) of commercial real estate loans. Its clients include issuers of commercial mortgage-backed securities (CMBS) and collateralized debt obligations (CDOs), institutional lenders and other investors. C-III Asset Management is the primary servicer for approximately $20 billion and the named special servicer for approximately $127 billion of commercial real estate loans. C-III Asset Management is rated CPS 2- by Fitch and Above Average by Standard and Poor’s as a primary servicer, and is one of the highest rated special servicers in the industry with ratings of CSS 1- by Fitch and Strong by Standard and Poor’s.
About NAI Global
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. NAI offices around the world completed over $45 billion in transactions annually. NAI also manages over 200 million square feet of commercial space.
Successful Sub-tenancy for United Pipe and Supply
Feb 10th
Jason Leep of NAI Landmark Real Estate, representing the lessor, is pleased to announce that we have successfully located and secured a long term tenant for office/warehouse space at 34 and 78 Wildcat Way in Bozeman MT. The space was previously occupied by United Pipe and Supply who engaged NAI Landmark to find a sub-tenant. The sub-tenant is an oil and gas servicing company that will sub-lease 16,000 sf from United Pipe and Supply for 3.5 years, the full length of United’s intital term.
January 2011 Deals & Deal Makers
Feb 1st
• McKinstry is a smart building consultant firm that has received the $9 Million contract to upgrade and retrofit MSU in efforts to reduce greenhouse gas emissions. NAI Landmark represented McKinstry in the lease of office space at 1982 Stadium Drive. Read more about the MSU project at http://www.mckinstry.com/projects/173/Montana-State-University
• Jimmy John’s Gourmet Sandwiches has leased space at the Bridger Peaks Towne Center for a new locally-owned franchise facility. NAI Landmark represented the tenant and NAI Business Properties out of Billings, MT represented the landlord. Jimmy John’s can already be found in Great Falls, Helena, Missoula and Billings. For more information visit www.jimmyjohns.com
