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E-News | July, 2008 |
Research |
Completed Transactions |
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Please enjoy our July edition of E-News. In these present economic conditions, it seems that everyone is feeling the crunch with gas and food prices, even the cost for parking and transportation for yourself or your employees. To this note, Colliers is pleased to present you with the 8th annual Colliers International Parking Rate Survey, provided by the unparalleled research department at Colliers International Headquarters. Our Colliers partnerships and research teams allow us to dig deep into local real estate, and provide data to make global comparisons. That’s why 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, |
Colliers International CBD Parking Rate Survey
According to the eighth annual Parking Rate survey by Colliers International, parking costs have risen nationwide for the fifth year in a row. Minneapolis is no exception to this. The median daily rate rose from $11.50 per day in 2007 to $13.31 in 2008, up 16%. Contract parking for unreserved spaces is also up from $179.00 in 2007 to $183.50 in 2008, or up 3%. Reserved parking spaces rose 4% from $227 to $237. Click here for the full Colliers International CBD Parking Rate Survey Click here for the Q2 Market Report New Assignments: Sentinel PortfolioColliers has begun work as the management and leasing representatives for New York-based Sentinel Realty Advisers’ Pension Fund Advisory Group. This 195,898-square foot industrial and office portfolio is being managed by Donna Becker, CPM. The team of Duane Poppe, CCIM, Dan Terry, Jeff Pearson, and Ryan Elmer is leasing the industrial property in New Hope, and the team of Dennis McClinton, SIOR and Will Leaf is leasing the industrial property in Bloomington. The office property in the portfolio is located near the Mall of America and is currently under a long-term lease agreement with ADP. This assignment adds to the growing list of institutional clients that Colliers is serving, and adds to the firm’s 7,500,000-square foot management portfolio. Featured Division: Health/Medical GroupHealthcare organizations have unique real estate needs and operate within a highly regulated industry. The Colliers Health/Medical Services Group understands these challenges and will partner with your to develop effective real estate solutions while allowing your staff to remain focused on its mission. Colliers’ experience, market knowledge, and proven process gives you access to:
Our approach, which has helped healthcare organizations throughout the US meet their real estate challenges, is to outline the physical alternatives and financial solutions, and to provide recommendations and guidance so senior management can make informed decisions. For more information, please contact the Health/Medical Group:
New Face: Steve Sherf
Colliers is pleased to announce that Steve Sherf has joined the Colliers Hospitality Services Group. Steve brings over 30 years of consulting and market study experience to our firm, along with a specialization in feasibility analysis for the hospitality and gaming industries. His areas of expertise include hotels, resorts, casinos, conference centers, golf courses, and marinas. Most recently, Steve was a senior vice president with GVA Marquette Advisors where he concentrated on preparing market studies for hospitality and gaming projects. The Colliers Hospitality Services Group is a specialty practice, led by Ted Leines, that provides brokerage services, appraisal and valuation services, capital markets services, and facility and engineering services to clients within the hospitality industry. For more information on the Colliers Hospitality Services Group, please visit www.colliershospitalitygroup.com. New Face: Jennifer Pelant
Colliers is pleased to announce that Jennifer Pelant has joined the firm as an associate in the Retail Sales & Leasing division. She will be working with Molly Townsend on the Buffalo Wild Wings, Tires Plus, and North Oaks Shopping Center accounts, as well as with Nancy Frykman on North Branch Outlets, which Colliers leases and manages. Jennifer brings prior real estate experience from Continental Development Corporation, where she managed all sales and leasing of the company’s office and retail properties in Blaine, and directed sales of residential lots in the exclusive Troy Burne Golf Village, Hills of Troy, and Eagle Bluff neighborhoods in Hudson, Wisconsin. Jennifer is a graduate of Bethel University, and holds her Real Estate Licenses in both Minnesota and Wisconsin. She is a member of NAR, MNCAR, St. Paul BOMA, and MSCA. |
Colliers Represents KMS Building Products in Industrial Space PurchaseMinneapolis, MNDuane Poppe, CCIM, Jeff Pearson, and Ryan Elmer of Colliers’ Industrial Sales & Leasing division represented KMS Building Products, LLC in the purchase of 89,181 square feet of industrial space, located at 5801 Clearwater Drive, valued at $6 million. Contact Duane, Jeff, or Ryan for information. 
Colliers Represents Visions of Eagan, LLC in Land SaleEagan, MNRon Scholder, SIOR, of Colliers’ Industrial Sales & Leasing division represented Visions of Eagan, LLC in the sale of 6.03 acres of land, valued at $2.6 million to Diffley 35, LLC. The buyer plans to build a Kowalski’s Market and a 19,200 square foot retail center on the property. Contact Ron for information. 
Colliers Represents Holiday Inn Detroit Lakes in 102 Unit Hotel SaleDetroit Lakes, MNTed Leines, of the Colliers Hospitality Services Group represented the Holiday Inn Detroit Lakes in the sale of a 102 unit hotel, located at 1155 Highway 10 East in Detroit Lakes, MN, valued at $4 million. Contact Ted for information.
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Colliers Minneapolis/St. Paul | E-News July, 2008 | We know The State of Real Estate® |
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