REBusinessOnline

Marcus & Millichap Arranges Sale of Starbucks-Occupied Property in Omaha

OMAHA, NEB. — Marcus & Millichap has arranged the sale of a 2,225-square-foot retail property occupied by Starbucks in Omaha for an undisclosed price. The seller, Monfort Cos., developed the property as a build-to-suit for Starbucks. Located at 9004 Fort St., the building features a drive-thru. Drew Isaac of Marcus & Millichap represented the seller. James Rassenfoss and Boomer Beatty of Marcus & Millichap represented the buyer, a private investor completing a 1031

Mohr Partners Brokers Sale of Historic Apartment Building in Downtown Omaha

OMAHA, NEB. — Mohr Partners Inc. has brokered the sale of Orpheum Tower in downtown Omaha for an undisclosed price. Upon its construction in 1910, the 16-story tower was the tallest office building in Omaha at 220 feet. It was converted into 132 apartment units and served as the city’s tallest apartment tower until 2013. The building is listed on the National Register of Historic Places. Grant Palmer and Eric Beichler brokered the sale. A private REIT purchased the

R&R Realty Group to Build 1.3 MSF Spec Industrial Park in Omaha’s Sarpy County

OMAHA, NEB. — R&R Realty Group has unveiled plans to build R&R Commerce Park South, an industrial park that will eventually consist of six buildings totaling more than 1.3 million square feet. The speculative development will be located on the southeastern corner of 156th Street and Schram Road in Omaha’s Sarpy County. The first two buildings are slated for completion by the end of this year. Plans call for a 286,000-square-foot warehouse and a 151,840-square-foot warehouse. …

Three-Building Office Portfolio in Omaha Trades Hands for $30.7M

OMAHA, NEB. — A local family trust has sold a portfolio of three office buildings totaling 169,183 square feet in Omaha for $30.7 million. The portfolio includes: a 21,368-square-foot building at 2323 171st St.; a 47,815-square-foot property at 2425 S. 171st St.; and a 100,000-square-foot asset at 13609 California St. The properties are situated within Omaha’s Suburban West Dodge and Lakeside Hills submarkets. Steve Sheppard and Dan Fishburn of CBRE represented the seller. The portfolio …

Investors Realty Brokers $8.5M Sale of Industrial Portfolio in Omaha

OMAHA, NEB. — Investors Realty has brokered the sale of a two-building industrial portfolio in Omaha for $8.5 million. The two adjacent buildings total 99,616 square feet and are located at the corner of 136th Street and Cornhusker Road. Ember Grummons of Investors Realty represented the buyer, STAG Industrial Holdings LLC. Joe Kutilek of Magnum Realty Inc. represented the seller, K & J Investments

Northmarq Brokers Sale of 613-Unit Multifamily Property in Lincoln, Nebraska

LINCOLN, NEB. — Northmarq has brokered the sale of Fairways at Lincoln for an undisclosed price. The 613-unit multifamily property, built in 2007, is located at 375 Fletcher Ave. in Lincoln. Fairways at Lincoln is situated on a nine-hole golf course. Parker Stewart and Dominic Martinez of Northmarq represented the seller, Kansas City-based Cohen-Esrey. John Reed of Northmarq secured acquisition financing on behalf of the buyer, Connecticut-based Hamilton Point Investments. Northmarq provided …

Colliers Mortgage Provides $3.7M Loan for Refinancing of Apartment Community in Kearney, Nebraska

KEARNEY, NEB. — Colliers Mortgage has provided a $3.7 million Fannie Mae loan for the refinancing of Park Meadow Apartments in central Nebraska’s Kearney. The 84-unit apartment community is situated near local parks, dining, shopping and entertainment spots. Units feature walk-in closets and balconies. The 12-year loan features a 30-year amortization schedule. Park Meadow Partners LLC was the …

Quantum Arranges $2.5M Sale of Restaurant Property in Lincoln, Nebraska

LINCOLN, NEB. — Quantum Real Estate Advisors Inc. has arranged the sale of a single-tenant property occupied by Perkins Restaurant & Bakery in Lincoln for $2.5 million. The building is located at 7301 Husker Circle. Zack Hilgendorf of Quantum represented the buyer, an Iowa-based private investor. A local developer was the

Omaha’s Healthy Multifamily Market Drives Increase in Agency Lending

Despite some disruption from COVID-19, Omaha’s multifamily market is resilient. It remains a healthy, stable market boasting sound fundamentals and continues to experience increasing demand for apartments. Multifamily, in general, has outperformed many other real estate sectors during the pandemic. Omaha’s multifamily occupancy remains strong and rent growth over the past 12 months has shown a positive overall trend. In construction, the market takes a measured approach with roughly 1,500 …

Lincoln Office Market Assesses Amount of ‘Shadow Space’

Historically, Lincoln, Nebraska, has been a resilient Midwestern city. Home to state and county governments and the University of Nebraska-Lincoln, it has weathered past economic ups and downs and provided steady growth close to 2 percent each year.  As COVID-19 restrictions ease, people are gradually returning to shop and find entertainment downtown, and new construction continues to rise above Lincoln’s skyline. Interestingly, the last time this many cranes were visible downtown was …

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