Tuesday, May 13, 2025
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DevelopmentIndustrialMidwestNebraska

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

by Kristin Harlow

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. Iowa-based R&R has also built R&R Commerce Park, a four-building development in Omaha that broke ground in 2018.

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AcquisitionsMidwestNebraskaOffice

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

by Kristin Harlow

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 sold to three undisclosed buyers.

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AcquisitionsIndustrialMidwestNebraska

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

by Kristin Harlow

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 LLC.

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AcquisitionsMidwestMultifamilyNebraskaNorthmarq

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

by Kristin Harlow

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 the loan through its status as a Freddie Mac Optigo lender. The five-year loan features one year of interest-only payments, a 30-year amortization schedule and a fixed interest rate of 2.75 percent.

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LoansMidwestMultifamilyNebraska

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

by Kristin Harlow

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 borrower.  

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AcquisitionsMidwestNebraskaRestaurantRetail

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

by Kristin Harlow

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 seller.

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Market ReportsMidwestMidwest Market ReportsMultifamilyNebraska

Omaha’s Healthy Multifamily Market Drives Increase in Agency Lending

by Kristin Harlow

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 units per year on average. According to Reis, there are 384 units scheduled to be delivered throughout the remainder of 2021, while absorption is forecast to be more than 400 units, resulting in a 0.1 percent uptick in occupancy. Solid market fundamentals  Both Omaha and nearby Lincoln, Nebraska, are seeing strong investment sales activity although limited assets are available. The market is predominantly controlled by local players, many of which build for their portfolios and operate the properties. However, some smaller players and out-of-town investors have found the timing was right to exit out of the market and sell. Out-of-state groups are aggressively entering these markets and paying significant premiums for available assets. Driving investment sales activity are low interest rates and better returns than these groups can find in …

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Market ReportsMidwestMidwest Market ReportsNebraskaOffice

Lincoln Office Market Assesses Amount of ‘Shadow Space’

by Kristin Harlow

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 during the last economic downturn. It has been remarked that during that time, Lincoln “built its way out of the recession.” Now, many building projects are helping to maintain the resiliency of our economy during these challenging times. Prominent projects, proposed or initiated prior to the pandemic, continue to move forward. Examples include a proposed 15-story, 300,000-square-foot mixed-use building by Chicago-based Argent Group housing 200 residential units. Omaha-based White Lotus Development plans a $54 million redevelopment of  the Pershing Auditorium block, a vacant city-owned venue. White Lotus would bring 100 affordable housing units with a wellness center, childcare center, retail, community green space and potentially a new city library.  Other notable projects include a $21 million renovation of a 100-year-old, seven-story Atrium Building by new local owners. Pushing …

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MidwestNebraska

Oak Investment Real Estate Opens in Omaha, Nebraska

by Kristin Harlow

OMAHA, NEB. — Omaha-based commercial real estate brokerage firm Oak Investment Real Estate LLC has opened. Services offered by the firm include investment sales, landlord and tenant representation, sale-leasebacks and asset management across the industrial, office, retail and multifamily sectors. Brokers John Heine, Spencer Goldenberg and Dani Berke, along with marketing director Colten Adams and asset manager Carol Samway founded the company, which maintains an office at 3219 Leavenworth St.

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AcquisitionsMidwestMultifamilyNebraska

Equity Partnership Holdings Purchases Apartment Building in Omaha for $12.5M

by Kristin Harlow

OMAHA, NEB. — Equity Partnership Holdings LLC (EPH) has purchased Dundee Flats in Omaha for $12.5 million. Built in 2019, the Class A property consists of 62 apartment units and two commercial spaces. Located at the corner of 49th and Dodge streets, the building is within walking distance to the University of Nebraska Medical Center. A new Omaha Rapid Bus Transit station is situated directly in front of the property. The acquisition marks EPH’s second transaction in Omaha this year, and its seventh overall in the Omaha market. EPH’s portfolio in the Omaha market now totals 483 units. Seller information was not provided.

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