NexCore Group, CHI Health Break Ground on 34,668 SF Clinic in Lincoln, Nebraska

LINCOLN, NEB. — NexCore Group and Catholic Health Initiatives (CHI) have broken ground on the 34,668-square-foot CHI Health Clinic Yankee Hill in Lincoln. CHI will be the sole tenant in the one-story building, located at 4055 Yankee Hill Road. The facility will offer primary care, physical therapy, behavioral health services and specialty care, imaging services, a laboratory and retail pharmacy. NexCore will own the building, which is slated for completion in summer 2022. McCarthy Building …

August 16, 2021Development, Healthcare, Midwest, Nebraska

Lockwood Development Purchases One Valmont Plaza Office Asset in Omaha for $26.8M

OMAHA, NEB. — Lockwood Development has purchased One Valmont Plaza, an office property with two Class A buildings totaling 173,692 square feet in Omaha, for $26.8 million. One building rises four stories and spans 64,335 square feet, while the other rises six stories and totals 109,357 square feet. They are part of the First National Bank Business Park. Steve Sheppard of CBRE represented Lockwood in the sale. Lee Pedersen of CBRE represented the undisclosed

July 23, 2021Acquisitions, Midwest, Nebraska, Office

Avison Young Brokers $4.5M Sale of Shopping Mall in Norfolk, Nebraska

NORFOLK, NEB. — Avison Young has brokered the $4.5 million sale of Sunset Plaza Mall in Norfolk, a city in northeast Nebraska. The 232,347-square-foot shopping center is located at 1700 Market Lane. The property was lender-owned and was roughly 48 percent occupied at close of escrow. Built in 1968 and renovated in 1994, the mall sits on 31 acres and features a mix of 30 regional and national tenants, including JC Penney, Bath & Body Works, Famous Footwear and GNC. Chris Maling and David …

July 21, 2021Acquisitions, Midwest, Nebraska, Retail

Investors Realty Brokers $11.4M Sale of Industrial Campus in Omaha

OMAHA, NEB. — Investors Realty has brokered the sale of the Hi-Park Campus in Omaha for $11.4 million. The asset consists of eight flex industrial buildings that were fully leased at the time of sale. Located on the southeast corner of 94th and F streets, the campus spans 150,000 square feet. Ember Grummons of Investors Realty represented the buyer, Fulton Acquisitions. Clint Seemann of Investors Realty and John Dickerson of OMNE represented the seller, Hannibal

July 9, 2021Acquisitions, Industrial, Midwest, Nebraska

Investors Realty Brokers $21.9M Sale of Two Office Buildings in Omaha

OMAHA, NEB. — Investors Realty has brokered the sale of two office buildings in Omaha for $21.9 million. The single-tenant, Class A properties are located at 17605 and 17645 Wright St. The buildings serve as the headquarters for Orion Advisors Solutions, which maintains approximately 1,000 employees. Ember Grummons of Investors Realty represented the seller, an affiliate of Lockwood Development. Grummons also procured the buyer, Sentinel Net

June 18, 2021Acquisitions, Midwest, Nebraska, Office

NorthMarq Arranges $8M Loan for Refinancing of Multifamily Community in Omaha

OMAHA, NEB. — NorthMarq has arranged an $8 million loan for the refinancing of Maple Ridge Apartments, a 174-unit multifamily community in Omaha. Bill Mork of NorthMarq arranged the 15-year loan, which features a fixed interest rate of approximately 3 percent and a 30-year amortization schedule. A life insurance company provided the loan on behalf of the undisclosed

June 9, 2021Loans, Midwest, Multifamily, Nebraska

CBRE Provides $4.9M Freddie Mac Loan for Multifamily Community in Suburban Omaha

RALSTON, NEB. — CBRE has provided $4.9 million in long-term agency financing for Orleans Square Apartments, an 83-unit multifamily community in the Omaha suburb of Ralston. Josh Larsen of CBRE originated the financing through Freddie Mac’s Small Balance Loan program on behalf of the borrower, Thrive Street Living. The 10-year loan features a fixed interest rate of 3.26 percent and amortizes over 30 years.

June 7, 2021Loans, Midwest, Multifamily, Nebraska

MAG Capital Partners Sells 88,000 SF Athletic Facility in Lincoln, Nebraska

LINCOLN, NEB. — MAG Capital Partners LLC has sold an approximately 88,000-square-foot athletic and tennis facility in Lincoln to the property’s tenant, Genesis Health Clubs. The sales price was undisclosed. MAG Capital Partners purchased the property, located at 5300 Old Cheney Road, in 2017 and leased it to Genesis. The property offers tennis, racquetball, aquatics, youth programs, tanning, massage therapy, a café and pro shop. Plans for a major remodel are underway. Fort Worth, …

May 24, 2021Acquisitions, Midwest, Nebraska, Retail

Solid Fundamentals Uphold Lincoln Real Estate Market

By Tom Graf, NAI FMA Realty Over the past decade, Lincoln has experienced sustained growth and earned a reputation as a place to be in the Midwest. Its low unemployment, stable economy, low cost of living, prospering tech scene as well as lifestyle and entertainment fitting of a big city with the feel of a small community has insulated Lincoln better than many cities of its size. Perhaps this is most compelling with the number of cranes spotted in the skies back in 2008 and again in 2020. …

May 20, 2021Industrial, Market Reports, Midwest, Midwest Market Reports, Nebraska, Office, Retail

Omaha Industrial Activity Remains Strong, Particularly in Western Sarpy County

By John Dickerson, OMNE Partners Our Omaha-area industrial sector has come through the pandemic very well, compared with other commercial sectors. We have not had to work out many rent payment plans with tenants, and industrial users going out of business have been minimal. Omaha has survived and come out of 2020 well economically. Our unemployment rate is the second lowest in the country. Our cost of living has also been lower than most other major cities in the Midwest. This low cost of …

May 13, 2021Industrial, Market Reports, Midwest, Midwest Market Reports, Nebraska