Sunday, November 24, 2024
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Nebraska

AcquisitionsMidwestMultifamilyNebraskaStudent Housing

Joint Venture Acquires 632-Bed Student Housing Community in Lincoln, Nebraska

by Kristin Harlow

LINCOLN, NEB. — GMH Capital Partners LP and AGC Equity Partners have acquired Aspen Lincoln, a 632-bed student housing community in Lincoln. Located two blocks from the University of Nebraska-Lincoln, the property spans five floors and 203,552 square feet. Amenities include a fitness center, pool, hot tub, study lounges, computer labs and courtyards with fire pits. The buyer plans to rename the student housing community Academy Lincoln. Aspen Heights Partners and Virtus Real Estate Capital were the sellers.

Continue Reading
FacebookTwitterLinkedinEmail
LoansMidwestNebraskaOffice

NorthMarq Secures $17.5M Refinancing for Office Property in Omaha

by Kristin Harlow

OMAHA, NEB. — NorthMarq Capital has secured a $17.5 million loan for the refinancing of Linden Place I & II in Omaha. The Class A office property spans 154,772 square feet and is located at 14301 FNB Parkway. Bob Chalupa arranged the 15-year loan, which features a fixed rate and a 25-year amortization schedule. A life insurance company provided the loan. The borrower was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMidwestNebraskaOffice

Darland Completes Headquarters for LGT Transport in Omaha

by Kristin Harlow

OMAHA, NEB. — Darland Construction Co. has completed the new headquarters for LGT Transport, a cryogenic transportation company. The 12,640-square-foot property includes 8,312 square feet of office space, which includes eight offices, a training center, conference room, driver’s lounge, workroom, exercise facility, break room and locker rooms. The remaining square footage houses the company’s two-bay service center. A 36,000-square-foot parking lot offers parking for up to 10 tractor-trailers. Schemmer Associates was the project architect.

Continue Reading
FacebookTwitterLinkedinEmail
HospitalityLoansMidwestNebraska

Petros PACE Finance Provides $2.3M Loan for Hotel Conversion Project in Omaha

by Kristin Harlow

OMAHA, NEB. — Petros PACE Finance LLC has provided a $2.3 million Commercial Property Assessed Clean Energy (C-PACE) loan for energy efficiency upgrades to a 30-year-old hotel undergoing redevelopment in Omaha. The efficiency project is part of the conversion of the former University Inn Midtown Crossing into a Four Points by Sheraton hotel. Lucky Omaha Hospitality LLC, the borrower, will utilize the loan to implement energy efficiency across lighting, elevators, restaurant and bar equipment and a building automation system. Plans also call for low-flow plumbing in the guest rooms. The upgrades are expected to generate $2.3 million in energy savings over the 20-year loan. Completion is slated by the end of this year.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityMidwestNebraskaOffice

Web Hosting Company Flywheel to Open 66,000 SF Headquarters in Omaha

by Kristin Harlow

OMAHA — Flywheel, a web hosting company, has leased 66,000 square feet within the Millwork Commons development in Omaha for its new headquarters. Millwork Commons is a $300 million mixed-use development spearheaded by Black Dog Management. Flywheel will be the anchor tenant and will occupy 1.5 floors at the property by summer 2020. Currently, Flywheel employs a team of more than 200 people with offices in Omaha, Australia and Europe. Barry Zoob and Chris Mensinger of Colliers International represented Flywheel in the lease transaction.

Continue Reading
FacebookTwitterLinkedinEmail
IowaLoansMidwestMultifamilyNebraska

NorthMarq Arranges $53.3M Refinancing for Five Multifamily Properties in Iowa, Nebraska

by Kristin Harlow

IOWA AND NEBRASKA — NorthMarq Capital has arranged $53.3 million for the refinancing of five multifamily properties located in Iowa and Nebraska. The properties include Park Avenue in Des Moines; Bentley and Enclave in Omaha; and Highpointe and Old Cheney in Lincoln, Neb. The five properties contain a total of 899 units. Jason Kinnison of NorthMarq arranged the five individual financings through Freddie Mac. The fixed-rate, 10-year loans feature amortization schedules of 30 years.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndustrialMidwestNebraska

R&R Realty Completes Development of 250,000 SF Warehouse in Omaha

by Kristin Harlow

OMAHA, NEB. — R&R Realty Group has completed development of a 250,000-square-foot speculative warehouse in Omaha. Warehouse 1, located at the intersection of Gold Coast Road and Highway 50, is the first warehouse to be completed within R&R Commerce Park. Three more buildings are planned within the park for a total of more than 1 million square feet. Each of the buildings will feature a clear height of 32 feet. R&R will own, manage and complete lease-up of the development. Leuder Construction served as the contractor on the project.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialMidwestNebraskaSelf-Storage

Bellomy & Co. Arranges Sale of Self-Storage Facility in Omaha

by Kristin Harlow

OMAHA, NEB. — Bellomy & Co. has arranged the sale of Cornerstone Storage in Omaha for an undisclosed price. Located at 6099 Irvington Road, the self-storage property includes 433 units within 83,950 net rentable square feet. The 13-story building sits on 7.9 acres. Bill Bellomy and Michael Johnson of Bellomy & Co. represented the Omaha-based sellers. The team also procured the buyer, StorageMart. This will be StorageMart’s fourth location in the area.

Continue Reading
FacebookTwitterLinkedinEmail
LoansMidwestMultifamilyNebraska

NorthMarq Arranges $3.1M Refinancing for Multifamily Property in Omaha

by Kristin Harlow

OMAHA, NEB. — NorthMarq Capital has arranged a $3.1 million loan for the refinancing of Harney Place at Midtown, a 32-unit multifamily property in Omaha. The property is located at 3327 Harney St. Steve Ruff of NorthMarq arranged the 10-year loan, which features a 25-year amortization schedule. A life insurance company provided the loan. The borrower was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMidwestNebraskaRetail

Quantum Brokers $3.9M Sale of Retail Center in Bellevue, Nebraska

by Kristin Harlow

BELLEVUE, NEB. — Quantum Real Estate Advisors Inc. has brokered the $3.9 million sale of Thunderbird Plaza in Bellevue, about eight miles south of Omaha. Built in 2014, the 9,062-square-foot retail center is fully leased to tenants such as Taco Bell, Jersey Mike’s Subs, Generation V, Top Q Nails & Spa, Cricket Wireless and Pinnacle Bank. Zack Hilgendorf of Quantum represented the seller, a Salt Lake City-based private development group. A Midwest-based buyer purchased the asset.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts