S. 27th Street Development Approved

Last week the Planning Commission approved the change in a special permit, pending any appeals submitted by October 7th, to allow First State Bank to purchase land for a bank branch with a drive-thru on the corner of 27th & Grainger Road.

Commercial Prices Continue to Drop

Commercial real estate prices fell 5.1 percent from June to July according to Moody's/REAL Commercial Property Price Indices. Read more...REALTOR® Magazine-Daily News-Commercial Prices Continue to Drop

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Friday's Featured Listing - Flex/Warehouse Spaces

1060 N. 33rd Street is a flex/warehouse development near 33rd and Vine Street. 2,250 sq.ft. up to 20,000 sq.ft. contiguous space available. Property has overhead doors, docks, excellent flexibility on size, good access and visibility. Contact Sally DeLair and Chris Vasek at 402-441-5800 for further details.

Former Car Wash Site to Reopen at 33rd & Pioneers

The former Buggy Bath car wash location on the SEC of 33rd & Pioneers Blvd. has been purchased by its neighbor, Runza, for $350,000. For the time being, the site appears it will remain a carwash. Drove by on Saturday and changes were underway. Not sure of the name it will reopen as.

Dell eyes tech services with $3.9B deal for Perot - BusinessWeek

Dell eyes tech services with $3.9B deal for Perot - BusinessWeek

Dell, Inc. plans to buy Perot Systems Corp. as it tries to expand beyond its PC business and compete against Hewlett-Packard Co.

Locally, Perot Systems is consolidating offices to a new 150,000 square foot office complex in northwest Lincoln, in the University of Nebraska Technology Park. This new facility is being developed by KDC and will be one of Perot Systems' largest U.S. employment locations (October 21, 2008 Perot Systems Corp Press Release). Estimated occupancy date is in October 2009.

Auctions: Let the Bidding Begin-REALTOR® Magazine

As commercial property loans come up for refinancing, industry experts predict that auction activity will grow. Read the article "Let the Bidding Begin" published by REALTOR Magazine in its October 2009 issue. Auctions: Commercial: REALTOR® Magazine

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Friday's Featured Listing - Pad Sites for Sale at 20th & Fletcher

Pad sites available for sale in prime north Lincoln area! Sites fit buildings of 7,000 sq.ft. up to 12,600 sq.ft. Great visibility and access to I-80. Fletcher now connects with 14th Street. Impact fees paid except for water meter fee! If prefer to lease, office/retail space available at 2110 and 2200 Fletcher in existing buildings. Contact Hank Woods at 402-441-5830 or Chris Vasek at 402-441-5833 for additional information.

Perlman Updates LIBA on Progress of Innovation Campus

UNL Chancellor, Harvey Perlman, spoke at the LIBA luncheon yesterday and updated the attendees on the progress of the Nebraska Innovation Campus. Innovation Campus is a proposed long-term redevelopment of State Fair Park into a private/public research community adjacent to UNL's city campus. Perlman believes a research university is key to progress and competitiveness in the 21st century but acknowledges that this can only be done with public-private partnerships. Consultants developing a master plan and business plan have indicated the Innovation Campus will be a mixed-use development of approximately 1.8 million gross square feet which will include various research office buildings, retail space, 250 multi-family housing units and public space and result in the creation of approximately 2,800 jobs.

I am intrigued by the potential opportunities Innovation Campus can bring to Lincoln and the State of Nebraska and hope Perlman's visions can become a reality.

Fallbrook Gaining Momentum

The Fallbrook Development is gaining momentum with three business either opening or relocating to the retail building in the Fallbrook Town Center this fall. A new restaurant called Toast will open and I believe serve coffee, deli sandwiches and much more. Wildberry Production Group will be relocating their offices from the Haymarket to the area and a permit has been pulled for a photo studio.

The Hair Specialist Relocating to 17th & Van Dorn

The Hair Specialist, a long-time Lincoln business, has purchased a building at 1672 Van Dorn and will be relocating the business sometime in October 2009. Sally DeLair represented the seller.

Drac's Place Opens at 40th & O Streets

For the third straight year, Drac's Place has opened their temporary store at 40th & O Streets to display Halloween costumes and accessories. Doors opened within the past few days. A place to check out for anything Halloween!