December 2016

Found 5 blog entries for December 2016.

Convenience Clinic Investment Instead of "a chicken in every pot," or a car in every garage, the modern epitome of lifestyle convenience might be a walk-in clinic on every corner. At least in some upscale suburban areas, this informal version of a licensed medical facility has become a trendy amenity and a big business opportunity for smart investors.

Whether it exists as an urgent care clinic or simply offers the ability to receive professional medical advice without first calling for an appointment, this type of clinic has sprung up from coast to coast since the beginning of the century.

These retail clinics exist in many forms: Stand alone operations, satellite facilities affiliated with major medical organizations, "boutique" components of other businesses, notably

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Minnesota Multi-Family Real Estate With vacancy rates down, rental rated up, and dollar value transactions soaring at the the end of 2016, forecasters see good times ahead in Minneapolis for investment in the apartment market. They also see a definite swing toward value-add development, with a continued demand for more apartment units despite record-breaking volume over the previous three quarters.

Trends in Supply & Demand

Local trends for Minneapolis-St. Paul-Bloomington mirror what's happening throughout the country, with apartment supply in 2016 placing the area 34th among the nation's top 50 markets. Houston and Dallas-Fort Worth continue to rank as the country's hotspots, with Austin, Texas not far behind. New construction is expected to reach record levels once again.

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Lease on Commercial Investment PropertyAs the owner of property for lease or rental, there are advantages of offering a triple net lease (NNN) to prospective tenants. The actual rental dollars received from a triple net lease arrangement might be lower than the market average, but the advantages in terms of cash outlay for expenses such as taxes, utilities and maintenance can constitute great value over the long term.

So as a lessor, is a triple net lease option worth considering?

If you own older warehouse property, or are looking at a building that requires updating, here are 5 reasons to consider a triple net lease arrangement, and some important ways to make it work for you. 

1. A Lower-Than-Market Lease Rate

A lease under market average might be just the ticket for a

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Commercial Real Estate in Minneapolis After approximately two years on the market, the sale of the Sheraton Midtown Hotel was announced in late November, but at a price substantially below the asking price.

The Contract

The contract, for $9.99 million, was to a Qatar-based real estate affiliate of Al Qamra Holding Group, although the listing price of the property was $15.3 million when marketing efforts began in 2014, according to Minneapolis/St. Paul Business Journal. And the sale comes with strings: a $2 million plus renovation is required under separate licensing agreement with Marriott International, the "custodian" of the Sheraton brand.

What Does This Mean for Minneapolis?

Does this bode well for other high-profile commercial projects in Minneapolis in 2017? 

Are

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Energy Efficient Technology in Office Space As a commercial investor, whether you have a single office building or a portfolio of residential rental properties, you know that the key to success and profits is to keep your occupancy rate high. 

Look to green improvements and the addition of smart technology as features that will help you attract long-term tenants to your office buildings, small retail spaces and rental apartments. Even modest expenditures will pay big returns in terms of leasing and tenant satisfaction. If you're remodeling, the choices you make will largely determine your building's desirability. Make decisions that benefit the client whenever possible. Individual thermostats and ample electric wiring for all electronics are much appreciated!

Keep Things Looking Fresh

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