Minneapolis–St. Paul Chart of the Week October 26, 2015
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“Go West, young man!” Investors increasingly choose the West submarket The West had the lowest office vacancy rate in the metro in Q3 with rents rivaling the Minneapolis CBD. Last week, Artis REIT and Ryan Cos. announced plans to build a speculative 14-story office tower on I-394 next to the Carlson Center in Minnetonka. Early renderings show a total of 317,000 square feet of leasable office space above an executive lobby and climate-controlled parking. In Q3, the West saw one of the priciest office sales in its history when the Class A Golden Hills Office Center sold for $36.3 million ($190 p.s.f.) as part of Investors Real Estate Trust’s divestment of its office portfolio. That single sale was almost as substantial as the submarket’s total Q2 office investment sales.
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BLAZE
GALAXIA, as the name describes its Galaxy & comprises of Stars, Planets, & Solar System, likewise, we are into diversified business of LED Luminaries, Steel & Interior Design.
Our main objective is to create new paths for the Nex-Gen by energy conservation, eco friendly products, green revolution etc.
Our Group turnover is 200 MN (USD 3.5mn) and has kept the target to touch 1000mn by 2016.
We have been striving hard to achieve our targets & goals and also we put our energy & efforts to become one of topmost companies worldwide.
Products:
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Minneapolis–St. Paul Office Insight Q4 2015
West submarket now the most expensive
The first quarter of 2015 was the first time that the average rental rate in the West surpassed any other submarket, notably including the Minneapolis CBD. This quarter has seen a marked cost increase in the West as more premium space is being listed for lease. Over 50,000 square feet of Class A space has re-entered the market in recent quarters, drastically raising average asking rates in an already tight market. For instance, the 601 Tower at Carlson Center with 19% vacancy now has gross lease rates nearing $40 PSF. The economic moment is right for new office construction in the I-394 corridor, and in October it was announced that Ryan Cos. and Artis REIT plan to build a 14-story office tower at 801 Carlson Parkway.
Minneapolis-St. Paul Office Insight | Q1 2016
BTS developments loosen up Northeast and Minneapolis CBD inventory
In the last two quarters, 1.3 million square feet of build-to-suit (BTS) office space has been delivered, including the 1.1 million-square-foot Downtown East Wells Fargo towers in the first quarter and the 240,000-square-foot Be the Match headquarters in the fourth quarter. Both employers previously had multiple leases in a variety of multi-tenant office buildings. As such, Northeast experienced large negative absorption last quarter when Be the Match’s employees relocated to its new HQ in the North Loop. Throughout early 2016, the Minneapolis CBD will see the same trend as Wells Fargo’s employees begin to vacate its current space and aggregate in the new owner-occupied digs in Downtown East. Despite some initial increases in vacancy rates, these migrations will open up much-needed contiguous blocks for tenants in the market, the largest being 455,000 square feet at Northstar West.
Legal services are creating ripples, soon waves, in vacancy rates
The trend of law firms choosing to right-size in order to save money on real estate costs is creating churn in the Minneapolis CBD. Nearly 15,500 square feet of contiguous space opened up at IDS Center this quarter when law firm Wagner Falconer & Judd relocated to the Fifth Street Towers. Likewise, Lindquist & Vennum will relocate and downsize to 80,000 square feet by the end of 2016, eventually leaving120,000 square feet of vacant space on floors 40-44 of the IDS Center. This is a rare availability, considering that among Minneapolis CBD Skyline buildings, vacancy on the 30th floor and above has dropped from 10.0 to 8.0 percent year-over-year.
Cass B repurposed office buildings are driving CBD office sales
As vacancy diminishes and rental rates continue to rise, developers are getting creative in regards to office building investments. In the first quarter, all office sales in the Minneapolis CBD were for historic structures, including the Internet Exchange and The Washington, a former adult store now being converted into first-floor retail and 46,000 square feet of multi-tenant office on the upper floors. Out-of-state investors like Chicago-based R2 Companies are increasingly choosing to rehab historic Class B buildings for creative office space due to their unique architectural detail and relative affordability.
Q4 2017 | Austin Office | Research & Forecast Report
Austin's office market closes the year with a strong finish
JLL Pittsburgh Chart of the Week: August 8, 2016
Half way through the year, sales numbers are showing strong investor interest in Pittsburgh.
Atlanta Q4 Market Update - Office
Atlanta's office market rebounded
in the fourth quarter of 2018 after
two consecutive quarters of negative
absorption. Leasing activity well ahead
of 2017's pace allowed the market to
record the second strongest quarter of
absorption since 2015. As the market
moves in a positive direction, vacancy
rates will continue to decline while rental
rates increase at a faster pace.
Q2 2018 Austin Office Research & Forecast Report
Austin’s office market is fast, competitive and expensive
Minneapolis-St. Paul Chart of the Week | May 2, 2016
Year-to-date office building sales in the Minneapolis CBD have all included historic, value-add Class B buildings. Looking forward, the office sales market is bullish, particularly for Class A Trophy assets. The Minneapolis CBD has millions of square feet up for sale, as IDS, Plaza 7, and Campbell Mithun are all on the market and highly attractive to institutional investors. Some of this attention is also being diverted to Class A suburban buildings, particularly in the desirable West submarket.
The bulk of current interest is coming from outside investors, typically coastal US-based firms that are backed with international equity. Minneapolis-St. Paul is known for its stabilized cap rates, consistently increasing rental rates, and solid economic performance—real value compared to more saturated domestic markets.
Q4 2019 | Austin Office | Research & Forecast Report
The decade ends with even more construction in Austin’s office market
Q3 2015 Austin Office Market Research & Forecast Report
Citywide positive net absorption reaches all time high in the nation’s fastest growing city
1 q15 chicago_suburban_sublease_analysis
The Chicago suburbs saw steady activity on the sublease market during the first quarter of 2015.
Volition meetup 2019.03
The very first book I read that started me on the path to become a real estate investor, was Rich Dad, Poor Dad. In that book, Robert Kiyosaki uses an analogy on how wealth is built.
Think about wealth as water and your finances are a bucket holding that water. Most people have one tap filling that bucket - their job. But they’ve got lots of holes in that bucket - bills, car payments, their mortgage, and **TAXES**. To build wealth, you’ve got to turn on as many taps as possible and close as many holes in your bucket as possible.
Improper tax planning can be one of the largest drains on your real estate investments, so join us on March 20th and lean how to pay less tax! We’ll be covering topics like:
Corporations - When should I incorporate? Should I buy in a corporation? Taxes on corporations? Active vs passive income? Business corps - using profits to invest?
Estate Planning - How do I pass my assets down to the next generation?
Taxation Best Practices - What is building depreciation and why is it important? What is eligible for interest deductibility? How do I deduct the interest of my HELOC?
It’s essential to understand these things even if you only have one property. If you’ve already accumulated a few properties, it’s even more important to correct any mistakes you’ve made. Bad planning can completely kill some investment business cases, home flipping for example, so come learn how to do things right with one of the best in the industry!
Peter is a Real Estate Investment focused accountant and well known in the investment world. He regularly presents in front of hundreds of people at REIN meetings and is making the trip from Kitchener to speak to our group. His accounting firm provides strategic accounting and taxation services to grow your business and and protect your real estate investments. His partner George Dube literally wrote the book “Tax, Accounting, and Legal Strategies for the Canadian Real Estate Investor”.
Their services include:
> Assurance Services
> Business Advisory
> Real Estate Tax Planning and Structure
> Retirement & Estate Planning
> Tax Consulting
> Business Tax Compliance
> Personal Tax
> US and International Tax Services
To ensure that we are covering topics that are relevant to YOU, email your questions or scenarios to ming@volitionprop.com and we will “incorporate” them into the presentation… ;)
Investor Perspective: A look at why investment sales are surging in Cleveland
Cleveland is ushering in a new set of landlords as improving market conditions attract out-of-state investors.
Minneapolis-St. Paul Chart of the Week | February 22, 2016
For nearly a century, bars within the City of Minneapolis were restricted to Liquor Patrol Limits encompassing the oldest neighborhoods adjacent to the Mississippi River and those most populated by immigrants. Even after the end of Prohibition in 1934, Minneapolis reinstated its patrol limits which were not repealed until 1974. Bars that were within the city but outside of the patrol areas could serve only low-alcohol or 3.2 percent beer.
•The recent purchase of the Sunrise Inn in South Minneapolis is the beginning of the end of an era. The only 3.2 bar that remains is the T-Shoppe Bar in North Minneapolis’ Camden neighborhood.
•Coupled with the impending repeal of the 159-year-old Sunday liquor sales ban, the future earning potential for Minneapolis’ hospitality and retail sectors looks rosy.
Minneapolis-St. Paul Employment Update | February13, 2016
Minneapolis-St. Paul unemployment gained 60 basis points and fell four spots nationally into an eight place tie with the Indianapolis metro. New workforce highs were achieved in Professional and Business Services and Other Services while Education and Health services saw a slight pullback from its recent run in growth. Y-O-Y Education and Health Services maintained the top spot creating 13,000 jobs over the trailing 12 month period. In contrast, the Leisure and Hospitality sector lost 5,300 jobs in 2016.
Among office using sectors, all have seen a month-to-month contraction in growth except Professional and Business Services which has finished 2016 net positive 12,700 jobs.
Nationwide, unemployment rose for the second consecutive month and now sits at 4.8 percent, boosted by an increase in the labor force participation rate to 62.9 percent. However, the expansion of the civilian labor force is not keeping up with job growth, which will keep slack minimal in the near-term.
Wage growth continues but at a slower pace than December.
Minneapolis-St. Paul Chart of the Week | February 10, 2017
The Macy’s building is among many other buildings in the Minneapolis CBD that are currently undergoing decisions about future usage. Wells Fargo’s move out of Northstar and Baker Block in 2016 has already prompted the consideration of renovation versus conversion into other uses.
Baker Block and the TCF Bank Building are undergoing remodels that will increase tenant amenities and add features more typical of creative office like open floorplates and raised ceilings.
Additional opportunities will hit the market when YMCA relocates its facilities and office operations to Gaviidae and when Art Institutes International closes its downtown campus in the LaSalle Building.
Minneapolis-St. Paul Chart of the Week | January 27th, 2017
The record setting sale of the City Center office building in 2016 purchased by Chinese investor HNA Group opened the door for increased overseas investment within the Minneapolis CBD.
The year failed to provide high value transaction volume among apartment buildings compared to the year prior.
Notable hotel transactions however remained within close proximity to records with the second sale of the Hilton Towers within the last 6 years.
A final price for the upcoming sale of the Macy’s building has yet to be released, however it is expected to clear the high-water mark for retail transactions set in 2013 when the Gaviidae Commons closed for $26.5M.
Minneapolis-St. Paul Chart of the Week | January 16th, 2017
According to preliminary Q4 2016 numbers from RCA, total foreign investment into U.S. commercial real estate declined since its peak in 2015. However, as coastal markets are seeing their cross-border deal flow tighten, Midwest markets like Minneapolis-St. Paul are benefiting from more affordable inventory and less volatile economic growth.
In the final quarter of 2016, Shorenstein Properties sold 33 South Sixth Street to Chinese investor HNA Group for $315 million. This was the largest office sale in Minneapolis’ history. The opportunity for additional foreign direct investment (FDI) will escalate as Asian and European firms seek real estate investments in growing, stable markets.
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Minneapolis–St. Paul Office Insight Q4 2015
West submarket now the most expensive
The first quarter of 2015 was the first time that the average rental rate in the West surpassed any other submarket, notably including the Minneapolis CBD. This quarter has seen a marked cost increase in the West as more premium space is being listed for lease. Over 50,000 square feet of Class A space has re-entered the market in recent quarters, drastically raising average asking rates in an already tight market. For instance, the 601 Tower at Carlson Center with 19% vacancy now has gross lease rates nearing $40 PSF. The economic moment is right for new office construction in the I-394 corridor, and in October it was announced that Ryan Cos. and Artis REIT plan to build a 14-story office tower at 801 Carlson Parkway.
Minneapolis-St. Paul Office Insight | Q1 2016
BTS developments loosen up Northeast and Minneapolis CBD inventory
In the last two quarters, 1.3 million square feet of build-to-suit (BTS) office space has been delivered, including the 1.1 million-square-foot Downtown East Wells Fargo towers in the first quarter and the 240,000-square-foot Be the Match headquarters in the fourth quarter. Both employers previously had multiple leases in a variety of multi-tenant office buildings. As such, Northeast experienced large negative absorption last quarter when Be the Match’s employees relocated to its new HQ in the North Loop. Throughout early 2016, the Minneapolis CBD will see the same trend as Wells Fargo’s employees begin to vacate its current space and aggregate in the new owner-occupied digs in Downtown East. Despite some initial increases in vacancy rates, these migrations will open up much-needed contiguous blocks for tenants in the market, the largest being 455,000 square feet at Northstar West.
Legal services are creating ripples, soon waves, in vacancy rates
The trend of law firms choosing to right-size in order to save money on real estate costs is creating churn in the Minneapolis CBD. Nearly 15,500 square feet of contiguous space opened up at IDS Center this quarter when law firm Wagner Falconer & Judd relocated to the Fifth Street Towers. Likewise, Lindquist & Vennum will relocate and downsize to 80,000 square feet by the end of 2016, eventually leaving120,000 square feet of vacant space on floors 40-44 of the IDS Center. This is a rare availability, considering that among Minneapolis CBD Skyline buildings, vacancy on the 30th floor and above has dropped from 10.0 to 8.0 percent year-over-year.
Cass B repurposed office buildings are driving CBD office sales
As vacancy diminishes and rental rates continue to rise, developers are getting creative in regards to office building investments. In the first quarter, all office sales in the Minneapolis CBD were for historic structures, including the Internet Exchange and The Washington, a former adult store now being converted into first-floor retail and 46,000 square feet of multi-tenant office on the upper floors. Out-of-state investors like Chicago-based R2 Companies are increasingly choosing to rehab historic Class B buildings for creative office space due to their unique architectural detail and relative affordability.
Q4 2017 | Austin Office | Research & Forecast Report
Austin's office market closes the year with a strong finish
JLL Pittsburgh Chart of the Week: August 8, 2016
Half way through the year, sales numbers are showing strong investor interest in Pittsburgh.
Atlanta Q4 Market Update - Office
Atlanta's office market rebounded
in the fourth quarter of 2018 after
two consecutive quarters of negative
absorption. Leasing activity well ahead
of 2017's pace allowed the market to
record the second strongest quarter of
absorption since 2015. As the market
moves in a positive direction, vacancy
rates will continue to decline while rental
rates increase at a faster pace.
Q2 2018 Austin Office Research & Forecast Report
Austin’s office market is fast, competitive and expensive
Minneapolis-St. Paul Chart of the Week | May 2, 2016
Year-to-date office building sales in the Minneapolis CBD have all included historic, value-add Class B buildings. Looking forward, the office sales market is bullish, particularly for Class A Trophy assets. The Minneapolis CBD has millions of square feet up for sale, as IDS, Plaza 7, and Campbell Mithun are all on the market and highly attractive to institutional investors. Some of this attention is also being diverted to Class A suburban buildings, particularly in the desirable West submarket.
The bulk of current interest is coming from outside investors, typically coastal US-based firms that are backed with international equity. Minneapolis-St. Paul is known for its stabilized cap rates, consistently increasing rental rates, and solid economic performance—real value compared to more saturated domestic markets.
Q4 2019 | Austin Office | Research & Forecast Report
The decade ends with even more construction in Austin’s office market
Q3 2015 Austin Office Market Research & Forecast Report
Citywide positive net absorption reaches all time high in the nation’s fastest growing city
1 q15 chicago_suburban_sublease_analysis
The Chicago suburbs saw steady activity on the sublease market during the first quarter of 2015.
Volition meetup 2019.03
The very first book I read that started me on the path to become a real estate investor, was Rich Dad, Poor Dad. In that book, Robert Kiyosaki uses an analogy on how wealth is built.
Think about wealth as water and your finances are a bucket holding that water. Most people have one tap filling that bucket - their job. But they’ve got lots of holes in that bucket - bills, car payments, their mortgage, and **TAXES**. To build wealth, you’ve got to turn on as many taps as possible and close as many holes in your bucket as possible.
Improper tax planning can be one of the largest drains on your real estate investments, so join us on March 20th and lean how to pay less tax! We’ll be covering topics like:
Corporations - When should I incorporate? Should I buy in a corporation? Taxes on corporations? Active vs passive income? Business corps - using profits to invest?
Estate Planning - How do I pass my assets down to the next generation?
Taxation Best Practices - What is building depreciation and why is it important? What is eligible for interest deductibility? How do I deduct the interest of my HELOC?
It’s essential to understand these things even if you only have one property. If you’ve already accumulated a few properties, it’s even more important to correct any mistakes you’ve made. Bad planning can completely kill some investment business cases, home flipping for example, so come learn how to do things right with one of the best in the industry!
Peter is a Real Estate Investment focused accountant and well known in the investment world. He regularly presents in front of hundreds of people at REIN meetings and is making the trip from Kitchener to speak to our group. His accounting firm provides strategic accounting and taxation services to grow your business and and protect your real estate investments. His partner George Dube literally wrote the book “Tax, Accounting, and Legal Strategies for the Canadian Real Estate Investor”.
Their services include:
> Assurance Services
> Business Advisory
> Real Estate Tax Planning and Structure
> Retirement & Estate Planning
> Tax Consulting
> Business Tax Compliance
> Personal Tax
> US and International Tax Services
To ensure that we are covering topics that are relevant to YOU, email your questions or scenarios to ming@volitionprop.com and we will “incorporate” them into the presentation… ;)
Investor Perspective: A look at why investment sales are surging in Cleveland
Cleveland is ushering in a new set of landlords as improving market conditions attract out-of-state investors.
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Minneapolis-St. Paul Chart of the Week | February 22, 2016
For nearly a century, bars within the City of Minneapolis were restricted to Liquor Patrol Limits encompassing the oldest neighborhoods adjacent to the Mississippi River and those most populated by immigrants. Even after the end of Prohibition in 1934, Minneapolis reinstated its patrol limits which were not repealed until 1974. Bars that were within the city but outside of the patrol areas could serve only low-alcohol or 3.2 percent beer.
•The recent purchase of the Sunrise Inn in South Minneapolis is the beginning of the end of an era. The only 3.2 bar that remains is the T-Shoppe Bar in North Minneapolis’ Camden neighborhood.
•Coupled with the impending repeal of the 159-year-old Sunday liquor sales ban, the future earning potential for Minneapolis’ hospitality and retail sectors looks rosy.
Minneapolis-St. Paul Employment Update | February13, 2016
Minneapolis-St. Paul unemployment gained 60 basis points and fell four spots nationally into an eight place tie with the Indianapolis metro. New workforce highs were achieved in Professional and Business Services and Other Services while Education and Health services saw a slight pullback from its recent run in growth. Y-O-Y Education and Health Services maintained the top spot creating 13,000 jobs over the trailing 12 month period. In contrast, the Leisure and Hospitality sector lost 5,300 jobs in 2016.
Among office using sectors, all have seen a month-to-month contraction in growth except Professional and Business Services which has finished 2016 net positive 12,700 jobs.
Nationwide, unemployment rose for the second consecutive month and now sits at 4.8 percent, boosted by an increase in the labor force participation rate to 62.9 percent. However, the expansion of the civilian labor force is not keeping up with job growth, which will keep slack minimal in the near-term.
Wage growth continues but at a slower pace than December.
Minneapolis-St. Paul Chart of the Week | February 10, 2017
The Macy’s building is among many other buildings in the Minneapolis CBD that are currently undergoing decisions about future usage. Wells Fargo’s move out of Northstar and Baker Block in 2016 has already prompted the consideration of renovation versus conversion into other uses.
Baker Block and the TCF Bank Building are undergoing remodels that will increase tenant amenities and add features more typical of creative office like open floorplates and raised ceilings.
Additional opportunities will hit the market when YMCA relocates its facilities and office operations to Gaviidae and when Art Institutes International closes its downtown campus in the LaSalle Building.
Minneapolis-St. Paul Chart of the Week | January 27th, 2017
The record setting sale of the City Center office building in 2016 purchased by Chinese investor HNA Group opened the door for increased overseas investment within the Minneapolis CBD.
The year failed to provide high value transaction volume among apartment buildings compared to the year prior.
Notable hotel transactions however remained within close proximity to records with the second sale of the Hilton Towers within the last 6 years.
A final price for the upcoming sale of the Macy’s building has yet to be released, however it is expected to clear the high-water mark for retail transactions set in 2013 when the Gaviidae Commons closed for $26.5M.
Minneapolis-St. Paul Chart of the Week | January 16th, 2017
According to preliminary Q4 2016 numbers from RCA, total foreign investment into U.S. commercial real estate declined since its peak in 2015. However, as coastal markets are seeing their cross-border deal flow tighten, Midwest markets like Minneapolis-St. Paul are benefiting from more affordable inventory and less volatile economic growth.
In the final quarter of 2016, Shorenstein Properties sold 33 South Sixth Street to Chinese investor HNA Group for $315 million. This was the largest office sale in Minneapolis’ history. The opportunity for additional foreign direct investment (FDI) will escalate as Asian and European firms seek real estate investments in growing, stable markets.
Minneapolis Chart of the week January 12th, 2017
Over the last year and into 2017 three retailers each occupying 20,000 square feet or more have announced their departure from the downtown CBD, adding to vacancy totals.
The recent acquisition, and plan to redevelop former Macy’s building eludes to a market consensus where the excess space will be best suited as diversified mixed uses.
Minneapolis-St. Paul JLL employment update January 2017
Minneapolis-St. Paul maintains it’s fourth-lowest unemployment rate in the nation among all large metros, according to the most recent BLS estimates.
New workforce highs were achieved in Education and Health Services and Government while professional and Business services have seen a slight pullback from its recent run in growth. Y-O-Y Education and Health Services claims the top spot creating 9,700 jobs over the trailing 12 month period.
Among office using sectors, all have seen a month to month contraction in growth except information which maintains still a negative overall growth rate, losing 300 jobs Y-O-Y.
Nationwide, unemployment dropped by 30bp over the year to 4.7 percent. Declines in unemployment came as a result of a steadily increasing workforce, marginally boosting participation, and job growth outperforming the rate of expansion in the workforce.
Wage growth continues to outpace inflation, reaching highest rate of increase this cycle.
Minneapolis-St. Paul employment update | December 2016
•Minneapolis-St. Paul has the fourth-lowest unemployment rate in the nation among all large metros, according to the most recent BLS estimates.
•Once again, MSP achieved record-breaking employment totals for professional and business services, a fundamental component to the metro’s economic growth. A net total of 8,800 jobs have been added in the industry year-over-year (Y-O-Y).
•While office-using sectors were responsible for 52% of growth this month, educational and health services continue to drive regional employment gains and currently account for 37% of Y-O-Y job growth.
•Nationwide, unemployment dropped by 30bp to a cyclical low of 4.6 percent. This is possible by consistent job growth and a slight decline in the labor force participation rate to 62.7 percent.
•With continued wage growth and inflation now at 1.6 percent, nearing the Federal Reserve’s 2.0-percent target and unemployment at its lowest point since August 2007, the stage has been set for a rate hike by the end of the year.
Minneapolis-St. Paul Chart of the Week | December 12, 2016
Many factors support metro transit ridership, lack of parking at a place of work is certainly one. Where there is a low ratio of available parking to number of workers there is a workforce highly dependent on metro transit. The opposite exists, as visualized above, where space abounds and parking is available.
As the gradient fades from purple to green, overall ridership numbers are visualized, while marker sizes depict a workplace’s total available parking capacity divided by the number of workers to create a normalized ratio
Minneapolis-St. Paul Chart of the Week | December 5, 2016
Metro-region shoppers are planning to spend $918 per household this holiday season, the highest amount since the St. Thomas Holiday Sentiment Survey began 15 years ago. The average is up $68 or 8 percent over last year. It is predicted that that Minneapolis-St. Paul residents will spend a cumulative $1.24 billion this holiday season.
Minneapolis-St. Paul Chart of the Week | November 28, 2016
Last year, over 37 percent of residents in the Twin Cities volunteered, with more than 1 million people giving 88.4 million hours of service worth about $1.9 billion. Increased civic engagement in communities is linked to lower crime rates, lower rates of mental and physical illness, improved academic outcomes for children, and improved employment outcomes for job seekers.
Minneapolis-St. Paul Chart of the Week | November 14, 2016
Data released from the Minnesota Department of Employment and Economic Development (DEED) paints a picture of the current demand for workers in the Minneapolis Metro Area, also providing wage data by industry.
This chart takes a look at the ratio between available jobs as of Q2 2016 and the median wage paid. This look allows for high level snapshot into the balance of employer demand for workers and the wages workers are willing to accept, within the Twin-Cities Metro.
Overall DEED reports 1.2 unemployed person for each vacancy, equivalent to 2015 - which indicates a stable labor market within the State.
Minneapolis-St. Paul Chart of the Week | November 7, 2016
Minnesota’s population is among the most trusting of its state government and is the largest state to have a confidence rate of more than 66%, according to a recent Gallup poll.
There is a strong positive relationship between residents' ratings of their state's economy and their confidence in state government. Certainly an unemployment rate of 4.0%, among the lowest in the nation, is an important factor in Minnesotan’s high confidence in their state government.
JLL Minneapolis-St. Paul Chart of the Week | October 31, 2016
This fall, T3 was the first speculative office development to deliver in Minneapolis since the Recession. What will break ground next? United Properties, Schafer Richardson, Hines, Swervo and CPM Cos. all have proposed developments in the North Loop. It’s only a matter of time until one lands a cornerstone tenant and construction begins again.
Minneapolis-St. Paul Chart of the Week | October 24, 2016
Office product in the CBD area northwest of Nicollet Mall has historically performed better than the southeastern part of the CBD, and that trend has only become more pronounced. Even with T3 delivering fully vacant this quarter, total vacancy on the northwest side of Nicollet is 0.9 million square feet (m.s.f.) with an average building vacancy rate of 12.3%. Comparatively, to the southeast of Nicollet Mall, total office vacancy is 2.9 m.s.f. and the average building vacancy rate is 16.9%.
Minneapolis–St. Paul Employment Update | October 2016
Minneapolis-St. Paul has the fifth-lowest unemployment rate in the nation among all large metros, according to the most recent BLS estimates.
Once again, MSP achieved record-breaking employment totals for professional and business services, a fundamental component to the metro’s economic growth. A net total of 8,300 jobs have been added in the industry year-over-year (Y-O-Y).
While office-using sectors were responsible for 31% of growth this month, educational and health services continue to drive regional employment gains and currently account for 39% of Y-O-Y job growth.
Nationwide, unemployment rose by 10bp to 5.0% in September on the back of rising labor force participation, which also saw a bump to 62.9%. At the same time, initial unemployment claims continue to fall, with the moving average resting near a cyclical low of 250,000 per week.
U.S. job openings have jumped by 3.9% over the year even as employment is only up 1.7%. This signals strong demand by employers but lagging labor force growth that is failing to keep up with demand.
Minneapolis-St. Paul Chart of the Week | October 17, 2016
Hotel development is finally on track to meet demand in the Minneapolis CBD. It is expected that more than 2,000 rooms will be delivered in the next few years. AC Marriott and Embassy Suites opened within the last month along Hennepin Ave; Radisson Red was recently completed near the US Bank Stadium. The Nordic-themed 124-room Hewing Hotel in the North Loop is slated to open in November.
Thresher Square and Federal Plaza were both formerly used for office. After recent acquisitions, the historic buildings will be respectively redeveloped into a Canopy by Hilton and a new boutique inn.
Minneapolis-St. Paul Chart of the Week | October 10, 2016
Los Angeles-based Colony Capital REIT spent $62.5 million for four bulk warehouse properties totaling just over 899,000 square feet and averaging $69.57 per square foot (p.s.f.). TA Realty of Boston was the seller. The trade, which occurred in early July, greatly boosted local industrial sales for Q3 to a total of $206.2 million and made it the highest performing quarter year-to-date.
The four transacted properties included Xenium Distribution Center in Plymouth, Highway 55 Distribution Center in Eagan, Minnesota Valley Distribution Center II in Shakopee, and 6240 Carmen in Inver Grove Heights.
Minneapolis-St. Paul Chart of the Week | October 3, 2016
Currently, just over 12,000 people living in the Minneapolis CBD are 20-34 years old and make up the largest share of the total population of 29,200. In the next five years, the share of Millennials living downtown is expected to grow to 45% of the total population. Within the same timeframe, the average household income among downtown dwellers is expected to jump from $85,000 to $95,000. The Minneapolis CBD includes the North Loop neighborhood, which Forbes recently ranked among its Top Ten “Best Cities and Neighborhoods” for Millennials.
Minneapolis-St. Paul Chart of the Week | September 19, 2016
Although the third quarter of 2016 only saw four transactions for office buildings at least 50,000 square feet in size, the average price per square foot increased 82 percent quarter-over-quarter. This is largely due to the sale of Ameriprise Financial Center, which sold for $200 million to Florida-based Morning Calm Management at the end of August. The transaction is the largest deal of the year, surpassing the $82 million sale of PwC Plaza (formerly known as Plaza Seven) back in June.
Expect more transaction volume in Q4, as there are already four pending sales totaling $37.7 million.
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Minneapolis-St. Paul Chart of the Week | February 22, 2016
Minneapolis-St. Paul Chart of the Week | February 22, 2016
Minneapolis-St. Paul Employment Update | February13, 2016
Minneapolis-St. Paul Employment Update | February13, 2016
Minneapolis-St. Paul Chart of the Week | February 10, 2017
Minneapolis-St. Paul Chart of the Week | February 10, 2017
Minneapolis-St. Paul Chart of the Week | January 27th, 2017
Minneapolis-St. Paul Chart of the Week | January 27th, 2017
Minneapolis-St. Paul Chart of the Week | January 16th, 2017
Minneapolis-St. Paul Chart of the Week | January 16th, 2017
Minneapolis-St. Paul JLL employment update January 2017
Minneapolis-St. Paul JLL employment update January 2017
Minneapolis-St. Paul employment update | December 2016
Minneapolis-St. Paul employment update | December 2016
Minneapolis-St. Paul Chart of the Week | December 12, 2016
Minneapolis-St. Paul Chart of the Week | December 12, 2016
Minneapolis-St. Paul Chart of the Week | December 5, 2016
Minneapolis-St. Paul Chart of the Week | December 5, 2016
Minneapolis-St. Paul Chart of the Week | November 28, 2016
Minneapolis-St. Paul Chart of the Week | November 28, 2016
Minneapolis-St. Paul Chart of the Week | November 14, 2016
Minneapolis-St. Paul Chart of the Week | November 14, 2016
Minneapolis-St. Paul Chart of the Week | November 7, 2016
Minneapolis-St. Paul Chart of the Week | November 7, 2016
JLL Minneapolis-St. Paul Chart of the Week | October 31, 2016
JLL Minneapolis-St. Paul Chart of the Week | October 31, 2016
Minneapolis-St. Paul Chart of the Week | October 24, 2016
Minneapolis-St. Paul Chart of the Week | October 24, 2016
Minneapolis–St. Paul Employment Update | October 2016
Minneapolis–St. Paul Employment Update | October 2016
Minneapolis-St. Paul Chart of the Week | October 17, 2016
Minneapolis-St. Paul Chart of the Week | October 17, 2016
Minneapolis-St. Paul Chart of the Week | October 10, 2016
Minneapolis-St. Paul Chart of the Week | October 10, 2016
Minneapolis-St. Paul Chart of the Week | October 3, 2016
Minneapolis-St. Paul Chart of the Week | October 3, 2016
Minneapolis-St. Paul Chart of the Week | September 19, 2016
Minneapolis-St. Paul Chart of the Week | September 19, 2016
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Torun Center Residences Istanbul - Listing Turkey
THERE IS LIFE IN ITS CENTER!
The most energetic spot of the city that will add utterly different pleasures to your life, with a park that will make Istanbul breathe, delighting indoor and outdoor bistros, cafes, restaurants, the brand-new Food Hall concept, where dozens of unique tastes are served together, market area, cinema, theater, fitness club, SPA and event venue...
All the pleasures that will enrich your lives are awaiting you on the most beautiful side of the city, at Torun Center Residences. In Mecidiyeköy, where the heart of Istanbul beats, business, life and entertainment opportunities are located at the exact center, at Torun Center, the most beautiful side of the city.
Penthouse apartments and different styles of flats from 1 + 1 to 4 + 1, from 100 to 425 square meters in a 42-story residence tower, have been designed for those who want to live in the center of magnificence. Torun Center is the redefinition of a better life with specially landscaped floor gardens, apartment options with private balconies, and automatic glass systems equipped with Trickle Ventilation that offers clean air comfort.
Business and life in the same place
Excellent service
Torun Center has many delightful details, from a swimming pool to sunbathing and resting terrace. With 24/7 concierge services, 24/7 security, valet, technical service, closed-circuit camera system (CCTV), central heating and cooling system, it makes your life easier.
Delightful details
The two-story Torun Center Lounge, with its indoor and outdoor seating areas, children's playroom, private dining and TV lounge, promises unforgettable memories to you and your loved ones with its unique Istanbul view.
Neighboring to the most pleasant square of Istanbul
A few steps from the Torun Center Residences, you can reach the city's most modern city square and open the doors of a quality city life. Torun Center Residences brings together on the same project the long-awaited city life for Istanbul and gourmet restaurants, cafes, gym and SPA, and state-of-the-art cinema and Artı Stage, hosting the most famous plays of the season.
Located at the intersection of alternative public transportation options such as the metro and Metrobus, Torun Center comes to the fore as the most accessible office for both sides of Istanbul. With a central location and rich transportation lines, Torun Center offices make life easier for employees and increase productivity.
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https://www.newprojectbangalore.com/brigade-insignia-yelahanka-bangalore.html
Biography and career about Lixin Azarmehr
Lixin Azarmehr, a Los Angeles-based real estate development trailblazer, co-founded JL Real Estate Development (JL RED) in 2015 and serves as its CEO. Her expertise has propelled the firm to specialize in luxury residential and mixed-use commercial projects, with a portfolio that features upscale retail spaces and sophisticated care facilities.
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdf
Tersane Suites Residences is a luxurious real estate project located in the heart of Istanbul, next to the beautiful Golden Horn. This unique development offers hotel concept residences with Rixos management, making it the perfect choice for both homeowners and investors.
The Tersane Suites Residences offers a wide range of options, from studio apartments to spacious four-bedroom units, all designed to the highest standard. The suites are finished with high-quality materials and feature modern, open-plan living spaces, fully-equipped kitchens, and large balconies with stunning views of the city and sea.
One of the standout features of Tersane Suites Residences is the Rixos management, which provides a truly exclusive and upscale living experience. Residents will have access to a range of luxury amenities, including a fitness center, spa, and indoor and outdoor swimming pools. Plus, the on-site restaurants and cafes provide a taste of the local and international cuisine.
The Tersane Suites Residences also offers a great opportunity for investors, as it provides a rental guarantee program. This means that investors can enjoy a steady income stream, with the peace of mind that their property is being managed by a reputable and experienced team.
The location of Tersane Suites Residences is also unbeatable, with easy access to the city’s main transportation links and within close proximity to the historic center, making it the perfect base for exploring all that Istanbul has to offer.
Sense Levent Kagithane Catalog - Listing Turkey
Sense Levent offers a luxurious living experience in the heart of Istanbul’s vibrant Levent district.
This cutting-edge development seamlessly integrates modern design with natural elements, featuring live evergreen plants maintained by an advanced irrigation system, ensuring lush greenery year-round.
The building’s elegant ceramic balconies are both stylish and durable, enhancing the overall aesthetic and functionality. Residents can enjoy the 700m Sky Lounge, which provides breathtaking views of Istanbul and a perfect space to relax and unwind.
Sense Levent promotes a healthy and active lifestyle with a full gym, swimming pool, sauna, and steam room, all available in the building. The interiors are crafted with high-quality materials, ensuring a luxurious and inviting living space.
Designed with young professionals in mind, Sense Levent features 1+1 and 2+1 units with smart floor plans and balconies. The project promises high investment returns, with an expected annual return of 6.5-7%, significantly above Istanbul’s average ROI.
Located in the rapidly growing and highly desirable Levent area, the development benefits from ongoing urban regeneration projects. Its prime location offers proximity to shopping malls, municipal buildings, universities, and public transportation, adding immense value to your investment.
Early investors can take advantage of discounted units during the construction phase, with an expected capital appreciation of +45% USD upon completion. Property Turkey provides comprehensive rental management services, ensuring a seamless and profitable investment experience.
Additionally, robust legal support and significant tax advantages are available through Property Turkey’s licensed Real Estate Investment Fund. Levent is a dynamic urban hub, ideal for young professionals with its numerous corporate headquarters and shopping malls.
Sense Levent is more than just a residence; it’s a place where dreams and opportunities come to life. Contact us today to secure your place in this exclusive development and experience the best of Istanbul living. Sense Levent: Sense the Opportunity. Live the Dream.
https://listingturkey.com/property/sense-levent/
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Vinra Construction is a private limited company registered under the ROC. The management has an experience of over 15 years of understanding the needs and delivering apt solutions to the end users We are providing turnkey solutions in construction fields. like Construction, Interior Designing Facility Management, Plantation Management, etc..
Vinra Construction Tech Enabled Company for Eco-Friendly Home Construction
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Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...
=== Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szeto) ===
Ever been curious about Real Estate Investing in the US?? At Volition, for the past 14 years, we have been focused on helping investors invest in over $250M of real estate and generate $100M of wealth in the Toronto market, but we are always open to learning more about other business models and learning from other investors.
The US has always been an intriguing market to invest in. But the US is a big place… if you’re interested in investing in the US, you probably have a lot of questions, like:
☑️ Specifically WHERE should you invest?
☑️ What are the best markets to invest in and why?
☑️ How much are property prices there?
☑️ What are the returns like?
☑️ What is cashflow like?
☑️ Compared to investing in Toronto or other cities in Ontario, what are the benefits / tradeoffs?
☑️ What ownership structure should I use?
☑️ What are the tax implications?
☑️ Can I get financing?
☑️ What are tenants like?
Enter Erwin Szeto, a longtime friend of Volition. Since 2005, Erwin Szeto and his team have navigated the challenging landscape of being landlords in Ontario. Now, they are shifting their focus and guiding their clients' investments toward the more landlord-friendly environment of the USA. This decision comes after assisting Canadian clients in transacting over $440,000,000 in income properties. Faced with issues like affordability constraints, tenant-friendly laws, rent control, and rental licensing in Canada, Erwin sees a clear opportunity in the U.S. Here, there is a significant influx of investments leading to the creation of high-paying manufacturing jobs. Erwin and his clients are poised to capitalize on these opportunities where landlord rights are stronger and there is no rent control.
To facilitate this transition, Erwin has partnered with and become a client of SHARE, a one-stop-shop U.S. Asset Manager. Founded by Canadians for Canadians, SHARE enables as passive an ownership experience as possible for landlords in the U.S., while still maintaining direct, 100% ownership.
Erwin is “Making Real Estate Investing Great Again”!!
Website: https://www.infinitywealth.ca/
Facebook: https://www.facebook.com/iwinrealestate and https://www.facebook.com/ErwinSzetoOfficial
Podcast: https://www.truthaboutrealestateinvesting.ca/
Instagram: https://www.instagram.com/iwinrealestate/ and https://www.instagram.com/erwinszeto/
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Scanning tenants in NYC requires a thorough and compliant approach to ensure you find reliable renters. For a positive rental experience, consider hiring a property management service. Belgium Management LLC specializes in NYC rental property management and tenant relationship management. We prioritize tenant satisfaction, making us a trusted name in New York property management. Our dedicated team ensures tenants feel valued and supported throughout their lease.
2BHK-3BHK NEW FLAT FOR SALE IN TUPUDANA,RANCHI.
Flat available for sale
Location- Tupudana, Ranchi
Savitri enclave
Area- 3BHK
Rate- 4000/sq.ft.
Super Build Up Area-1629 sq.ft.
Build-up area-1253 sq.ft.
Rate- 65lakh16k(approx)
Floor available- Flat available in all floor(G+12)
Balcony- 2
Washroom- 2
Parking - CAR PARKING
Amenities- Joggers track,temple, children's park,gym,banquet hall (5 Lakh)
Possession year (Handover year)- Dec 2025
Outside View from the apartment and flat balcony is very beautiful.
For more information contact AASHIYANA STAR PROPERTIES
7766900371
Omaxe Sports City Dwarka A Comprehensive Guide
Omaxe Sports City Dwarka stands out as a premier residential and recreational destination, offering a blend of luxury and sports-centric living. Located in the thriving area of Dwarka, this project by Omaxe Limited is designed to cater to modern lifestyle needs while promoting a healthy, active living environment.
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500 acres of brilliance await you here at Riverview City which offers modern living, effortless convenience, and a beautiful natural setting. It is a mega township by Magarpatta City in Loni Kalbhor, Pune. Enjoy easy access to work, schools, and fun while experiencing a perfect work-life balance.
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Referans Bahcesehir which is being constructed, in the center of the most regional destination as Bahçeşehir, shines out with its central location and unique landscape including social facilities such as a fitness center, sauna, sports facilities, children’s playground and recreational areas.
Not only drawing attention for immediate surroundings including commercial centers and private schools but also providing the easily accessible location with closeness to Tem Highway and connection roads, ongoing construction of 3rd Bridge Connection roads and Metro Projects
Bahcesehir is a rising value in the great city of Istanbul… Located at a new transportation junction in the northwest of the City… Located at such a spot that the access roads for the 3rd bridge and for the 3rd Airport will reach the region in 2016. The Marmaray and the Subway will extend all the way to Referans Bahcesehir respectively in 2018 and 2019.
465 flats and 34 stores are designed with an outstanding approach and arranged with a unique perspective offering the following options: 1 plus 1, 2 plus 1, 3 plus 1, 3.5 plus 1, 4 plus 1, and 4.5 plus 1. It is planned so as to safeguard you and your loved ones based upon a modern, technological safety approach. As you experience the joy and luxury here, you will be content and feet at ease.
It is worth seeing both inside and outside with heart-warming cafes, tasty restaurants and elegant stores… And it is ready to offer a vivacious social life with a warm and cozy space design.
A folding swimming pool and indoor swimming pools, playgrounds, Turkish bath, sauna… It has them all. Everything you need for your well-being and for having a pleasant time will be at your service. You simply need to align the rhythm of life with the rhythm of Referans Bahcesehir.
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Minneapolis–St. Paul Chart of the Week October 26, 2015
- 1. Minneapolis–St. Paul “Go West, young man!” Investors increasingly choose the West submarket Chart of the week: October 26, 2015 • The West had the lowest office vacancy rate in the metro in Q3 with rents rivaling the Minneapolis CBD. Last week, Artis REIT and Ryan Cos. announced plans to build a speculative 14-story office tower on I- 394 next to the Carlson Center in Minnetonka. Early renderings show a total of 317,000 square feet of leasable office space above an executive lobby and climate-controlled parking. • In Q3, the West saw one of the priciest office sales in its history when the Class A Golden Hills Office Center sold for $36.3 million ($190 p.s.f.) as part of Investors Real Estate Trust’s divestment of its office portfolio. That single sale was almost as substantial as the submarket’s total Q2 office investment sales. Source: JLL Research Class A vacancy and rental rates in West submarket $26.29 $27.89 $27.25 $27.93 $28.04 $28.80 $30.50 14.7% 15.8% 17.4% 13.0% 12.8% 9.3% 10.0% $24 $25 $26 $27 $28 $29 $30 $31 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% 2009 2010 2011 2012 2013 2014 Q3 2015 Class A rental rate Class A vacancy