Nebraska

Omaha’s Thriving Industrial Market Shows No Signs of Slowing Down

by Christina Cannon April 7, 2016

It is difficult to find one aspect of the Omaha industrial market to highlight when recapping 2015. Quite frankly, about every single facet of the market improved last year: sale prices ticked up, land prices rose, absorption was positive, the vacancy rate was low, asking rental rates climbed, and there was plenty of new construction. There are no signs of this momentum slowing. What is even more telling is the steady trend in the same direction — the market has shown signs of improvement each of the last five years. There have not been one or two transactions skewing the metric. Sales prices of existing industrial property averaged $56 per square foot in 2015, and over 2 million square feet of inventory was sold. This is quite a jump over the average of $47 per square foot in 2014. We believe this uptick in sales prices is due to a number of factors, but most notably a combination of high demand, low inventory of platted industrial lots and high construction costs. Users have been forced to make a choice — build new product or rehab existing buildings. This dilemma has created a bit of an odd and possibly concerning scenario: …

April 7, 2016

Healthcare Midwest Nebraska

HSA Commercial Acquires 42,040 SF Medical Office Building in Lincoln

by Christina Cannon March 4, 2016

LINCOLN, NEB. — HSA Commercial Real Estate has acquired a 42,040-square-foot medical office building in Lincoln for an undisclosed price. Elizabeth Park South Medical Center is located at 4501 S. 70th St. and is fully leased by The Physician Network’s East Lincoln Internal Medicine, Lincoln Pediatric Group and Lincoln Behavioral Group. The three tenants have occupied the building since it opened in 1996. Dana Hamric and Jonathan Kesler of Newmark Grubb Knight Frank represented the seller, MJM-MED LLC, in the transaction.

March 4, 2016

Midwest Multifamily Nebraska Seniors Housing

Carter Validus Acquires Skilled Nursing Facility in Omaha for $13M

by Christina Cannon November 20, 2015

OMAHA, NEB. — Carter Validus Mission Critical REIT II Inc. has acquired Old Mill Rehabilitation in Omaha for $13 million. The property is a 40,402-square-foot skilled nursing facility that was built in 2014. Old Mill offers 44 private rooms with in-suite bathrooms and showers. Amenities include 24-hour room service and a full-service salon. Rehabilitation services at the facility include physical, occupational and speech therapy, IV therapy, medication management and wound care. Carter Validus Mission Critical REIT II is a non-traded real estate investment trust.

November 20, 2015

Midwest Nebraska

Easterly Government Properties Acquires 137,671 SF Government Building in Lincoln

by Christina Cannon November 18, 2015

LINCOLN, NEB. — Easterly Government Properties Inc. has acquired a 137,671-square-foot government property in Lincoln. The building is currently leased to the General Services Administration on behalf of the U.S. Citizenship and Immigration Services (USCIS) with five years remaining on a 15-year lease. The property in Lincoln is part of the USCIS Nebraska Service Center, which is one of four national USCIS service centers across the country that provides services including the management of citizenship and naturalization processes, family member immigration, and U.S. work eligibility and authorizations. The building was constructed as a build-to-suit in 2005.

November 18, 2015

Loans Midwest Nebraska Office

Q10 | Daisley Ruff Financial Arranges $7M in Financing for Office Property in Omaha

by Christina Cannon November 3, 2015

OMAHA, NEB. — Q10 | Daisley Ruff Financial has arranged $7 million in permanent financing for Aksarben Village 2, a Class A office property in Omaha. The loan features a 10-year, fixed-rate term with a 25-year amortization schedule. The non-recourse loan also features no holdbacks for tenant improvements or reserves. Steve Ruff and Eric Petersen of Q10 | Daisley Ruff Financial arranged the financing.

November 3, 2015

Healthcare Midwest Nebraska

Darland Construction Breaks Ground on Expansion, Remodeling of Hospital in Nebraska

by Christina Cannon October 23, 2015

WAYNE, NEB. — Darland Construction Co. has broken ground on an expansion and remodeling project for Providence Medical Center located in Wayne, approximately 45 miles southwest of Sioux City, Iowa. Highlights of the project include a new emergency entrance, a new ambulance garage, 20 new patient rooms and the relocation of the pharmacy, X-ray lab, and administration offices. The expansion will add 9,150 square feet and will provide more space in the labor and delivery rooms. Completion of the renovation and expansion is slated for 2017. Avant Architects is serving as the primary architect on the project.

October 23, 2015

Loans Midwest Nebraska Retail

Q10 | Daisley Ruff Financial Corp. Arranges $2.5M Refinancing for Retail Center in Lincoln, Neb.

by Christina Cannon October 12, 2015

LINCOLN, NEB. — Q10 | Daisley Ruff Financial Corp. has arranged a $2.5 million refinancing loan for Meadowlane Shopping Center in Lincoln. The property consists of a 34,600-square-foot retail strip center, a 6,000-square-foot freestanding retail building and a 27,389-square-foot mixed-use building. Ace Hardware anchors the strip center. Other tenants of the strip center include Honest Abe’s, Great Wall, The Fit Canine and Slideware Electronics. Subway and One More Bar are the tenants in the freestanding building. Steve Ruff and Eric Petersen of Q10 | Daisley Ruff Financial Corp. arranged the transaction. The long-term, fixed-rate loan is fully amortizing. The lender, borrower and all other details of the transaction were undisclosed.

October 12, 2015

Loans Midwest Multifamily Nebraska

NorthMarq Capital Arranges $12.2M Refinancing for Apartment Complex in Omaha

by Christina Cannon October 2, 2015

OMAHA, NEB. — NorthMarq Capital has arranged the $12.2 million refinancing of Spaces Apartments. The complex includes 154 units and is located at 501 Park Ave. in Omaha. The transaction was structured with a 10-year term and 30-year amortization schedule. Gary Rifkin of NorthMarq arranged the transaction.

October 2, 2015

Affordable Housing Iowa Loans Midwest Multifamily Nebraska Seniors Housing

NorthMarq Capital Secures $3.4M Loan for Two Affordable Housing Properties in Nebraska, Iowa

by Jonathan Mehall August 25, 2015

COUNCIL BLUFFS, IOWA AND BELLEVUE, NEB. — NorthMarq Capital has secured a $3.4 million Freddie Mac refinancing loan for two Section 8 affordable housing properties. Maple Second Avenue Apartment Homes is located at 3524 Second Ave. in Council Bluffs. The property features one- and two-bedroom floor plans with a patio/balcony and in-unit washers and dryers. Bellevue Place Apartments, a senior community located at 1808 Warren St. in Bellevue, contains one-bedroom floor plans with paid utilities. John Reed of NorthMarq Capital’s Omaha office represented the borrower, the Seldin Co., in the transaction.

August 25, 2015

Midwest Nebraska Retail

Namdar Realty Group Acquires 340,000 SF Mall in Hastings, Neb.

by Jonathan Mehall July 24, 2015

HASTINGS, NEB. — Namdar Realty Group has purchased Imperial Mall in Hastings. The purchase price was not disclosed, but The Grand Island Independent, a local newspaper, reports the property sold for $1.05 million. A Kmart and Herberger’s anchor the 340,000-square-foot retail center. Napoli’s restaurant is also located at the mall. All the tenants at Imperial Mall have short-term leases, according to Namdar Realty. Imperial Mall is situated directly across from Hastings Municipal Airport off West 12th St. Namdar Realty will seek regional and national tenants to stabilize the center. The property was put up for auction on June 1 with a starting bid of $750,000 and was sold through the online auction platform of auction.com. Joel Gorjian represented Namdar Realty in the transaction.

July 24, 2015

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