Nebraska

Byrne & Jones Construction Completes Asphalt Plant in Greenwood, Nebraska

by Kristin Harlow April 19, 2018

GREENWOOD, NEB. — Byrne & Jones Construction Co. has completed a new asphalt plant in Greenwood, about 20 miles northeast of Lincoln. CMI Roadbuilding Inc., an asphalt plant supplier, assisted with the project. The property is located on eight acres at 13801 238th St. with close proximity to the highway. The St. Louis-based civil site contractor opened an office in Gretna, Neb. in 2014 to provide asphalt and concrete paving services to commercial, retail and institutional customers. The office serves clients in Omaha, Lincoln, southeast Nebraska and surrounding areas. Within the past year, Bryne & Jones has completed a number of asphalt projects in Nebraska, including projects for CarMax, Lowe’s and Lincoln Crossing Shopping Center.

April 19, 2018

Market Reports Midwest Midwest Market Reports Nebraska Retail

How the Omaha Retail Market Is Adapting to Big Box Store Closures

by Kristin Harlow April 19, 2018

The pace of evolution in the retail sector is accelerating in a manner that few would have anticipated even five years ago. E-commerce has proven to be a very powerful disruptor, affecting both retailers and property owners alike. For some who have had the foresight and financial resources to adapt to this change, the disruption has brought opportunities for growth and increased market share. Clearly, not all have been able to adapt — some due to lack of execution and others seemingly caught in circumstances beyond their control. Despite the turbulence within the retail category, overall U.S. retail sales grew a very respectable 4.2 percent during 2017, according to the U.S. Department of Commerce. The growth is attributed to continuing gains in employment and a marked improvement in economic growth during the second half of the year. On the local level, the Omaha retail market exhibited moderate improvement during 2017, following a year of weak performance in 2016. The market absorbed just over 364,000 square feet during the year (see chart), slightly under the average annual rate of 378,000 square feet for the past five years. The overall vacancy rate decreased from 11.2 percent to 10.5 percent during the year as …

April 19, 2018

Acquisitions Hospitality Midwest Nebraska

Scarlett Hotel Group Acquires 113-Room Hotel in Downtown Omaha

by Kristin Harlow April 12, 2018

OMAHA, NEB. — Scarlett Hotel Group has acquired the Marriott Fairfield Inn & Suites Downtown Omaha for an undisclosed price. The 113-room hotel is located at 1501 Nicholas St. near the TD Ameritrade Stadium and CenturyLink Convention Center and Arena. The four-story property recently underwent a renovation to upgrade all public spaces, including a completely revamped lobby and guest rooms. The seller was not disclosed.

April 12, 2018

Midwest Nebraska Office

Noddle to Develop $76M Headquarters for Kiewit Corp. in Downtown Omaha

by Kristin Harlow February 28, 2018

OMAHA, NEB. — The Noddle Cos. has been selected to develop the new corporate headquarters for Kiewit Corp. in north downtown Omaha. The office building will range from 165,000 to 185,000 square feet. HDR designed the project, which also includes a parking garage for 650 cars. Construction costs are estimated at $76 million. The new headquarters for the construction and engineering organization will be situated across the street from Kiewit University. Construction is scheduled to begin in October and finish in 2020.

February 28, 2018

Healthcare Midwest Nebraska

Darland Constructs 130,000 SF Medical Office Building in Norfolk, Nebraska

by Kristin Harlow February 23, 2018

NORFOLK, NEB. — Darland Construction Co. is building a 130,000-square-foot medical office building for Faith Regional Health Services in Norfolk. The project, located in northeastern Nebraska, is slated for completion in spring 2019. The four-story building will include an outpatient surgery center on the main floor. The remainder of the building will be dedicated to women’s and children’s services, surgical and medical specialty offices and orthopedics. Avant Architects is the project architect.

February 23, 2018

Midwest Multifamily Nebraska

Lund Co. Brokers Sale of 470-Unit Apartment Property in Omaha

by Kristin Harlow February 12, 2018

OMAHA — Cushman & Wakefield/The Lund Co. has brokered the sale of Grandridge Apartments in Omaha for an undisclosed price. The 470-unit apartment property is located at 5439 N. 100th Plaza along I-680. Scott Koethe of Cushman & Wakefield/The Lund Co. represented the New York-based seller. Monarch Investment & Management Group purchased the asset.

February 12, 2018

Loans Midwest Multifamily Nebraska

Bellwether Enterprise Arranges $55.8M Acquisition Financing for Workforce Housing Property in Lincoln, Nebraska

by Kristin Harlow February 8, 2018

LINCOLN, NEB. — Bellwether Enterprise Real Estate Capital LLC has arranged a $43 million acquisition loan and a $12.8 million equity placement for Links at Lincoln in Nebraska. The 612-unit workforce housing property is situated on 100 acres. Residents have access to the onsite nine-hole golf course. Other amenities include a fitness center, tennis court, playground, hot tub and tanning rooms. Phil Melton and John Roberts of Bellwether Enterprise arranged the $43 million Freddie Mac loan. Todd Johnson of Bellwether Enterprise arranged the $12.8 million equity investment.

February 8, 2018

Loans Midwest Multifamily Nebraska

NorthMarq Arranges $31M Refinancing for Apartment Property in Omaha

by Kristin Harlow January 29, 2018

OMAHA — NorthMarq Capital has arranged a $31 million loan for the refinancing of Park 120 in Omaha. The apartment property features 282 units. Josh Larsen of NorthMarq arranged the 12-year loan, which features a 30-year amortization schedule. A life insurance company provided the loan.

January 29, 2018

Midwest Nebraska Retail

Darland Completes Construction of 180,000 SF Headquarters for Truck Center Cos. in Omaha

by Kristin Harlow January 19, 2018

OMAHA — Darland Construction Co. has completed the new corporate headquarters and dealership for Truck Center Cos. in Omaha. The 180,000-square-foot property is located on a 26-acre site at the corner of I-80 and Highway 50. The two-building project features a full-service body shop, 60 service bays, an on-site diesel tech training center and a 34,000-square-foot parts warehouse. Darland completed the project more than two months ahead of schedule. Schemmer was the project architect.

January 19, 2018

Loans Midwest Multifamily Nebraska

NorthMarq Arranges $1.8M Acquisition Financing for Apartment Property in Omaha

by Kristin Harlow January 17, 2018

OMAHA — NorthMarq Capital has arranged a $1.8 million loan for the acquisition of Colonial Park Apartments in Omaha. The 42-unit apartment property is located at 3084 S. 40th St. Josh Larsen of NorthMarq arranged the loan with Readycap Commercial LLC via the Freddie Mac small balance loan program. The 10-year loan features a 30-year amortization schedule.

January 17, 2018

Newer Posts

Older Posts