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…
Commercial Real Estate Capital Markets
I attended the Real Estate Capital Markets Conference held at the Golden Valley Country Club on Thursday, April 30, 2015. Main topics included The State of the United States Banking System, Financing Solutions for Real Estate Investors and Real Estate Equity Investors Requirements and Investment Deal Flow. Below are several highlights from the event. State…
High Volatility Commercial Real Estate (HVCRE) Exposures – Frequently Asked Questions
Staffs of the Office of the Comptroller of the Currency (OCC), the Federal Reserve Board (Board), and the Federal Deposit Insurance Corporation (FDIC) (jointly, the agencies) have assembled the following frequently asked questions (FAQ) to clarify and answer questions regarding the 2013 “regulatory capital rule. The FAQ were issued April 6, 2015. 1. If a borrower…
Valuation – How much is my property really worth?
[youtube=http://youtu.be/eGSIQcg8ZzA] A common question I receive in my commercial real estate appraisal practice is “How much is my property really worth?” My immediate thought is “well, that’s why you hire an appraiser!” Kidding aside, all real estate markets are influenced by the attitudes and motivations of buyers and sellers, which in turn are subject to…
Minneapolis/St. Paul – 2015 Commercial Real Estate Trends and Forecast
I attended the 2015 St. Cloud State Real Estate Alumni Banquet on Thursday, February 5, 2015 and the 2015 Commercial Real Estate Valuation and Appraisal Forecast Summit held at the Golden Valley Country Club on Friday, February 6, 2015. Below are a few key highlights from the evening event and half-day seminar. Retail Trends Most…