Wikipedia tells us that in 1931, James Truslow Adams coined the term “American Dream” in his book The Epic of America. His American Dream is “that dream of a land in which life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement. It is a difficult [...]
Continue ReadingThe idea of investing in real estate has become overly popular in recent years. But not everyone has what it takes to be successful. It’s a huge commitment and there’s a lot more to it outside of simply finding the place and putting a for rent sign in the front yard. Below are the basics [...]
Continue ReadingAsk most people from outside of Minnesota what colors are worn most in the fall and they will answer “purple and gold” for the Minnesota Vikings. Ask anyone from Minnesota, however, that same question, and you will get a different answer: “camouflage and blaze orange.” Minnesotans take their hunting seriously, and that includes finding the [...]
Continue ReadingJust when we thought there would be true progress in the short-sale process (Federally mandated, I swear!) comes the “robo-signing” controversy. It’s never good when terms like “improperly handled” paperwork and “myriad of missteps” get used in conjunction with Real Estate “procedure” of any kind. Then comes news of Bank of America’s complete moratorium on their [...]
Continue ReadingLast week I announce the launch of a new venture called crePodcast. Which focuses on commercial real estate podcast’s surrounding industry leaders. The first one is up on the website and features executive chairman Stephen Spooner from OSCRE talking about data standards for the industry. Go ahead and check it out on the crePodcast!
Continue ReadingWe’ve said it before that multifamily is leading the way for local Twin Cities real estate investors and the latest stats from the local builders association is also showing demand in new permits pulled for apartment buildings and senior housing. According to the Builders Association of Twin Cities there where 228 permits issued from cities [...]
Continue ReadingDriving through Apple Valley today I noticed a new restaurant that is stepping in after the failed Homemade Pizza Company and where Starbucks was. This is an interesting corner being how packed the neighborhood retail center is but whatever goes in there seems to never succeed. You have a large anchor tenant(s) in Rainbow, JoAnn [...]
Continue ReadingHere is the latest report from Marcus and Millichap (link – may have to subscribe) giving their forecast of the Minneapolis-St. Paul retail market. And recent reasons to be optimistic are the September store sales top expectations. Although only 28 national retailers are tracked. Reasons for stabilization: 400,000 square feet will be completed versus only [...]
Continue ReadingWith multifamily apartments becoming a preferred asset class among many investors these days and now it is turning a corner were landlords are expected to be back in control within 6-12 months. There are a lot of local economic factors that are coming into a play. This is leading to pockets of investment potential in [...]
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Added on 25 September 2010
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Fast forward to 1:20 to hear about Bond Street in London pushing $1000 a square foot for retail space. Well at least it’s not 5th Avenue in New York which is the world’s most expensive, retail space there can get up over $2000. That begs the question, as a business owner… how much would you [...]