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Please enjoy our February edition of E-News.
“Staying Positive in a Negative World” is the name of my new book, and I am looking for people to contribute chapters! Kidding aside, no matter how you look at the world these days, these times represent great uncertainty. With uncertainty comes opportunity, and it has been a long time since we have seen the number of opportunities that are coming our way. Here are some of the recent victories we have achieved that are allowing us to continue to grow both nationally and locally:
- Panattoni Development Company - Management services for an 18 million SF portfolio of office and industrial properties in 10 major U.S. markets.
- ProLogis - Management and leasing of 15 buildings totaling more than 1.6 million SF in St. Louis, MO.
- Hanesbrands, Inc. – (new corporate solutions client) Facility management services for their offices in New York City, Bentonville, AR and Minneapolis, MN.
- Cornerstone Real Estate Advisors – Investment sale of a 163-unit apartment complex in Minneapolis, MN. Assignment completed in September 2008.
- Redcats, USA - Industrial lease renewal for 422,727 SF in St. Paul, MN.
Whether you need management, brokerage, appraisal, or corporate solution services, Colliers can help. We feel fortunate to be a privately held company with minimal debt at a time when capital is at a premium. We anticipate this will help us to continue to expand our platform as clients increase their focus on cost savings during these times. Our team remains committed to your success, and we thank you for your continued trust in us.
Warm Regards,
Jeff LaFavre, CCIM, MCR, SIOR
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Is there a market indicator in place that can be used to predict where the Twin Cities office market is headed in 2009 and beyond? Yes, sort of. As the following chart portrays, a close correlation (0.42 or 0.70 if the anomaly year of 2001 is removed) between the office using job growth rate and absorption as a percent of the overall market.
Click here for the Full Article
Click here for the 2009 Market Research Report
Featured Division: Retail
Finding space isn’t an issue - finding the right space for your business is. Colliers Retail Sales & Leasing experts can source and analyze options to meet your unique real estate needs. Our tenant representation experience, market knowledge, and proven process provide you with:
- Demographic and trade area analysis to help determine where a business will be most successful
- Research on retail sales and activity in a given area
- Needs analysis
- Site selection and acquisition expertise
- Development services
- Space planning services
- Build-to-suit consulting
- Retail property management expertise
Colliers can also partner with you to lease or sell your properties, based upon your investment criteria. We serve as the leasing and marketing agent for single- and multi-tenant retail properties, balancing the complexities of an owner’s investment criteria with leasing requirements, tenant retention, and building operations.
No one knows the retail market better. Call us to put our knowledge and expertise to work for you.
Colliers 2008 Award Winners
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Salesperson of the Year:
Mark Kolsrud, CPM, Principal/Senior VP |
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Appraiser of the Year:
Rodger Skare, MAI, Principal/Senior VP |
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Industrial Broker of the Year:
Ron Scholder, SIOR, Vice President |
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Investment Broker of the Year:
Mark Kolsrud, CPM, Principal/Senior VP |
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Office Broker of the Year:
Pete Dufour, CCIM, Vice President |
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Retail Broker of the Year:
Molly Townsend, Senior Associate |
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Mark of Excellence: Manager:
Tom Vierling, Senior Manager at River Road Industrial Center |
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Mark of Excellence: Operations:
Tim Von Bank, Operations Manager, International Market Square |
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Mark of Excellence: Administrator:
Jean Olson, Property Administrator, Grand Oak Business Park |
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Mark of Excellence: Team:
Team Waterton Leasing: Duane Poppe, CCIM and Jeff Pearson; Management: Chris Braun and Angela Gustafson; Support: Amy Smith; Accounting: Craig Thilman |
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Mark of Excellence: Minneapolis Staff:
Jim Mayland, Research Manager |
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Dorsey Circle of Excellence:
Rodger Skare, MAI
Mark Kolsrud, CPM |
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Eagle Award:
Nancy Colehour, Administrative Assistant - Appraisal and Consultation Division |
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Darrel Holt Award:
Rodger Skare, MAI, Principal/Senior VP - Appraisal and Consultation Division |
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For Lease
Office/Warehouse Space
Mahtomedi, MN
Pete Dufour, CCIM, Bradley Brown, and David Stokes, SIOR, are currently marketing a 35,000 SF, newly constructed industrial building for lease, located at 16 Long Lake Road. The property has a 20' clear height, drive in loading with flammable waste traps, and flexible build out options and size configurations.
Contact Pete, Bradley or David for information
For Lease
Class A Office
Eagan, MN
Norma Jaeger, CCIM, RPA is currently marketing a 19,252 SF space on the 2nd floor in a Class A building located in a beautiful wooded setting at 1715 Yankee Doodle Road.
Contact Norma for information
Completed Transactions
Discount Tire Land Lease
Apple Valley, MN
The team of Mark Kolsrud, Matt Klein and Shawn Moore recently completed a land lease 1.24 acres located at 15102 Foliage Avenue to Discount Tire.
Contact Mark, Matt or Shawn for information
Featured Case Study
NW Quadrant Market Study
New Brighton, MN
Mixed-use 100 acre site located near the NW Quadrant of Interstate Highways 35W and 694.
Colliers Appraisal & Consultation division representatives, Jeff Patterson, CRE, MCR and Dan Boris, MAI, CCIM, SRA, teamed-up with Sam Newberg of Joe Urban Properties to conduct a market study for the site. Issues of development mix, market timing, and project layout were part of the study. The study was commissioned by the City of New Brighton’s Task Force and Economic Development Division.
Contact Dan or Jeff for information
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