In September 2016, I participated in the 4th Annual SBA Lenders Conference at Marriott Minneapolis Northwest, Brooklyn Park, Minnesota. I was a speaker at the SBA Lenders Conference and my presentation was titled “Navigating the Appraisal Process” on September 8, 2016. Having worked with several different lending institutions completing appraisals for SBA financing, I presented some ideas…
Outstate Minnesota Retail Market Trends
It’s hard to believe the end of summer is quickly approaching. We’ve been having a great time this summer working on some fun projects with excellent clients. However, as the saying goes, “all work and no play make Jack or Jill a dull boy or girl!” We’ve also been able to slip away and enjoy…
4 Things to Know – Evolution of Minneapolis Office Market
I attended the June 14, 2016 NAIOP MN breakfast event. The topic was “The Evolution in Minneapolis Office Investment and Leasing.” The main discussion points included real estate taxes, parking trends, Wired Score, a new technology rating system and amenities cluster. Click the link below for a quick video summary of of the latest evolving…
Four Ways Appraisers Can Help Their Client
I believe it’s important for appraisers to communicate with their clients to avoid surprises and ensure the appraisal process is as smooth as possible. My core passion is transparency and helping our clients make sound investment decisions and solve real estate problems to achieve their financial and business goals. There are a few ways appraisers…
Williston, ND Industrial Real Estate Trends
Williston, North Dakota Industrial Market – April 2016 Photo is overlooking Williston, ND, taken by Mitchell Simonson, MAI Historically, the Williston Micropolitan Area industrial market has not been formally recorded by an organization or institution because of its location and market size. The Williston market area, located in the center of the Bakken Oil Reserve has…
Property Value and Energy Efficiency
Could changing light fixtures impact property value? This month, I had the opportunity to sit down with Noble Conservation Solutions, a Turn-key Strategic Partner for Integrated Energy Efficiency Improvements and Services. NCS is headquartered in Plymouth, Minnesota and provides turn-key projects in all 50 states, including: lighting design, tax credit certification, rebate administration, installation and…
2016 Outstate MN – Apartment Trends & Expectations
Photo taken of recent new construction in Detroit Lake, MN by Mitchell Simonson, MAI Outstate MN – 2016 Apartment Trends & Expectations In the past 12 to 24 months, I have appraised numerous outstate Minnesota apartments ranging in size from about 20 to 100 units. The geographic region has spanned the “banana belt” surrounding the Minneapolis/St….
Minneapolis/St. Paul – 2016 Commercial Real Estate Trends and Forecast
I attended the 2016 Minneapolis/St. Paul Commercial Real Estate Valuation and Appraisal Forecast Summit held at the Golden Valley Country Club on Wednesday, January 20, 2016. Discussion centered on valuation trends for the retail, industrial, office and multi-family property sectors. This article details some key highlights from 2015 and expectations in 2016. My Top…
Mankato Commercial Real Estate Trends
Photo taken while Profinium Place office tower was under construction Several market participants including building owners, government representatives, developers, and brokers shared good insight into past, current and future projections regarding commercial real estate in the Mankato-North Mankato Metropolitan Statistical Area. The seminar was called the Mankato Real Estate Investment & Development Summit and it…
2015 Mid-Year MN Apartment Market Update
Several market participants including owners, lenders, and brokers provided excellent dialogue at the 2015 Mid-Year MN Apartment Update held at the Golden Valley Country Club. Thanks to the Minnesota Real Estate Journal and Jeff Johnson for another successful event. The panel speakers discussed current apartment trends, capital markets, and apartment sale activity. Additional topics included…