Please enjoy our November edition of E-News.

Nationally, there have been some concerns with real estate in general, especially surrounding the increasing number of subprime loan defaults. The lack of new development, tighter loan underwriting, and a weak housing market has supported higher prices for multifamily. Despite the fact that apartment market fundamentals are healthy, pricing and deal volume are being affected because of the debt markets. The credit crunch has made financing more difficult and more expensive.

We are pleased to have the opportunity to share our research and market information with you. As a company, we commit our time and resources to gathering data and sharing our knowledge with you, our valued clients and friends.

Warm Regards,
Jeff LaFavre, CCIM, MCR, SIOR

November, 2007

Multifamily Market – Q3, 2007

By Jim Mayland, Research Manager

The Twin Cities multifamily housing market continues to remain strong. It is almost impossible to talk about real estate these days and not hear something about subprime loans. Fortunately these loans have not been affecting commercial real estate in the same way they have been, and continue to, affect residential real estate. The debt markets are affecting real estate investments, but the Twin Cities multifamily market remains relatively stable.

Colliers North America Highlights – Q3, 2007

• Click here to download the Industrial Highlights report.
• Click here to download the Office Highlights report.

FEATURED DIVISION

Colliers Corporate Solutions

To fill your complex real estate requirements, you need more than common vendors who can fulfill tactical requests. You need a true partner that can help you manage your commercial real estate more intelligently.

Corporate Solutions professionals provide these:

• Reaching more markets faster
• Protecting and enhancing your brand
• Leveraging the power of a turn-key approach
• Accessing services through a single point of contact
• Using standard processes and metrics
• Mitigating risks

Colliers combines best-in-class tools and information as well as international breadth with local depth and expertise. Together, they provide that strategic guidance – not only helping you make smarter real estate decisions, but also driving bottom line results.

In 2006, Colliers Corporate Solutions transacted leases or administered the portfolios of more than 20,000 locations comprised of 70 million square feet with 4,500 closed transactions in the U.S., U.K., and Canada. Our clients include: Agere, BAESystems, Convergys, Citizens Gas, Edward Jones, Franklin Bank, Hanesbrands, Highland Bank, H&R Block, Lilly Endowment, Minnesota Department of Transportation, Network Appliance, Sara Lee, Summit Technology Center, The Kauffmann Foundation, and U.S. Bank among many others. For more information, contact: Jeff Patterson, CRE, MCR, Director of Corporate Solutions, 612 347 9324 or jpatterson@ctmt.com.

RECENT TRANSACTIONS

Colliers Represents Syndic in Industrial Acquisition

(St. Paul, MN) David Stokes, SIOR represented Syndic VI, LLC in the purchase of a 53,000 SF industrial building, located at 635 N Prior Avenue in St. Paul, valued at $2 million to Goodrich Gardens.

Colliers Expands Wells Fargo in Northstar Center

(Minneapolis, MN) Dick Keller, SIOR and Emily Whitaker represented Triple Net Properties in leasing 32,872 SF of space, located at Northstar Center in downtown Minneapolis, valued at $1.5 million to Wells Fargo

Colliers Represents Equity Holdings in Lakeville Sale

(Lakeville, MN) Matthew Klein, Mark Kolsrud, CPM, and Shawn Moore represented Equity Holdings in the sale of a $1.4 million dollar manufacturing building, located at 21540 Hamburg Avenue in Lakeville, to JDC Properties, LLC.