New 2011 ALTA/ACSM Land Title Survey Requirements

New requirements for ALTA/ACSM Land Title Surveys have been drafted and are set to take effect on February 23, 2011, replacing the 2005 requirements.  To download the new requirements, follow this link to the ALTA website: 2011 ALTA/ACSM Land Title Survey Requirements

‘50 Happiest Companies in America’ List Puts Google at No. 1 | CareerBliss, Employee Reviews & Satisfied Employees | Business News Daily

CareerBliss took a survey to find the top 50 happiest companies in America.  Rankings were taken from 91,000 employee reviews and based on opportunities for growth, compensation, benefits, work-life balance, career advancement, senior management, job security and whether the employee would recommend the company to others.  Google ranked No. 1.  To read the entire list, click here.  (Source: Business News Daily)

New Life Sought for Tired Shopping Malls

The Journal Star article "New life sought for tired shopping malls" dated December 25th brings to light what many developers are contemplating when faced with empty store fronts around the US.  As national retailers pulled back from expansion plans over the last few years, property owners have changed gears and redeveloped old shopping centers into mixed-use areas where residential units/condos coincide with retail stores at the street level.  An example closer to home is the old Aksarben race track area where Omaha developers are turning it into a "village" with shops, movie theaters, apartments, and green space.

Lincoln has seen smaller redevelopment projects in the downtown area with such recent projects as:

• Lincoln Flats - $6 million mixed-use project at 1314 O Street.  The developer took vacant office space on the upper floors and created 24 condos.
• 1226 P Street - The owners, B & J Partnership, are currently redeveloping the upper floors into residential units and retail uses will remain on the street level.
• W.C. Shinn lofts - A former lightning rod factory has been transformed into 15 residential units at 126 N. 16th Street.

You might recall though this type of redevelopment happened before in Lincoln's history with the transformation of the Haymarket area from industrial to mixed-use. 

As a number of large vacant retail buildings (i.e. Gordmans, Hy-Vee at 70th & O Streets and the old K-Mart building at 56th & Hwy. 2) sit vacant in Lincoln it will take creativity, time and risk from developers to see those buildings change into a viable use again.

Happy Holidays from NAI FMA Realty

On behalf of NAI FMA Realty, I would like to wish you and your family a happy and safe holiday season.

We also wanted to let you know that our office will close for the holidays on:
Friday, December 24th and will reopen Monday, December 27th at 8:00am.
Friday, December 31st and will reopen Monday, January 3rd at 8:00am.

Should you have an emergency over the holidays, please call our main number at 402-441-5800 and emergencies will be handled accordingly.
Diana Schilf
NAI FMA Realty

New floodplain maps take effect Feb. 18

After 10 years of work, the new FEMA-approved floodplain maps will take effect February 18, 2011 for the city of Lincoln and Lancaster County. The current maps in use date back to the late 1970's with an update in 1986. 

With this update, a number of property owners will be taken out of the flood plain and no longer required to carry flood insurance - a savings of a few hundred dollars a year.  To read the full Journal Star article here.

NAI FMA Selected to Represent Upscale Office/Retail Buildings in Fallbrook



575 Fallbrook - Available for Lease



NAI FMA Realty is pleased to announce it has been selected by NEBCO, Inc. to represent the leasing of its upscale office/retail buildings in the Fallbrook Town Center in Lincoln.



The assignment is to market two Class A mixed-use buildings in Fallbrook, a premier sustainable mixed-use neighborhood in northwest Lincoln. This concept offers a diverse range of residential, commercial and corporate options within a carefully planned Neighborhood, Town Center, Market Place and Business Park.

“Fallbrook provides businesses with an attractive, unique opportunity unrivaled in northwest Lincoln and in the city”, noted Sally DeLair, sales associate for NAI FMA.

The initial Town Center building is located at 570 Fallbrook Blvd. and approximately 36,000 square feet in size. The building is 93 percent leased to exceptional tenants as Toast, Studio-3 Photography, Haute Hair Studio & Spa, Concordia University and YMCA.

The second building, 575 Fallbrook, is currently under construction and will be ready for occupancy in early summer 2011. This two-story property was designed with the unique feature of balconies overlooking Lincoln’s skyline, as well as the flexibility to lease from 1,500 square feet up to 22,000 square feet per floor.

Marcus Snow, sales associate for NAI FMA stated “NEBCO did a superb job in the quality of construction. This is the type of property that a user will be excited about locating in.”

The development is located between Fletcher Ave. and Fallbrook Blvd, on the north side of Highway 34, within a ½ mile to the I-80 exit and less than 5 minutes from downtown Lincoln.

For leasing inquiries or additional information please contact Sally DeLair and Marc Snow at NAI FMA at (402) 441-5800.

ABOUT FALLBROOK

Fallbrook is a carefully planned residential and commercial neighborhood in Lincoln, Nebraska. The 700-acre Fallbrook community will eventually include up to 1,500 homes and almost 700,000 square feet of commercial and retail space. This progressive neighborhood concept is designed to create a small-town feel—with pedestrian paths, common areas, parks, and a Main Street style shopping, dining, and entertainment area. Fallbrook is a NEBCO, Inc. development.

ABOUT NEBCO, INC.

NEBCO, Inc. is a third-generation, family-owned and operated business. With 1,000 employees and more than 20 separate companies, NEBCO is now one of the largest privately owned companies in Nebraska.

ABOUT NAI FMA REALTY

NAI FMA Realty is a locally-owned full-service commercial real estate firm within the NAI Global network providing client-focused solutions in brokerage, property management, facility maintenance and contract coordination. To learn more, visit www.naifmarealty.com.

GlobeSt.com - Low Interest Rates Still Advantageous to Investors - StreetSmart Article

Despite the market leveling off and interest rates inching up, it is still a good time to look into investment opportunities in your market. 

Read more in the StreetSmart article Low Interest Rates Still Advantageous to Investors listed on GlobeSt.com.

Buffet and Jay-Z Interview on Forbes.com

Listen to Steve Forbes' interview with Warren Buffet and Jay-Z on their success and giving back.

Unemployment Rate Drops for Lincoln

The unemployment rate dropped to 3.8 in October for the Lincoln MSA, which covers Lancaster and Seward Counties.  Nebraska remains the third lowest in the country at 4.7 percent and still less than half of the national rate of 9.6 percent.

Report Shows Improved Optimism By Small Business Owners

Small business growth and owner optimism rose in October 2010 according to recent industry indexes.  All encouraging signs that the US might avoid a double-dip recession.  Click on the link below to read the full article from The Street.

Report Shows Improved Optimism By Small Business Owners

Happy Thanksgiving from NAI FMA Realty!

On behalf of NAI FMA Realty, I would like to wish you and your family a happy and safe Thanksgiving Holiday!

Our office will close for the holiday at 5:00pm on Wednesday, November 24th and will reopen for business on Monday, November 29th at 8:00am. 

For any emergencies, we can be reached through our main number at 402-441-5800.

Steady Improvement Predicted for Commercial Market

The commercial market is expected to see improvement in the near future according to NAR's Chief Economist Lawrence Yun in the Realtor.org article "Steady Improvement Predicted for Commercial Market". 

Yun commented he has seen progress towards a recovery in the commercial market but stated the market still faces many challenges.  He points out:

• Banks are at a profitable level again but are still selective as to who they lend to.
• Job creation is improving, however, more needs to happen to have a bigger impact on vacancy.
• Corporate profits have returned to normal levels but businesses are still not spending due to their uncertainty of the future.

With the commercial market continuing its steady upturn, Yun predicts rent stabilization and positive net absorption for 2011.

Friday's Featured Listing - Commercial Property in Crete for Sale with Excess Ground

2151 Cardinal Lane, Crete, NE

Commercial property adjacent to Wal-Mart in Crete is for sale at $2,100,000.  This property includes a 8,500 square foot building with 11 Acres of excess ground.  A user could buy it all or it can be sectioned off.  For more details on the property, click here or contact Chris Vasek at 402-441-5833.

Buy Now, as Retail Stock Likely Limited by Xmas

If you are a last-minute shopper for Christmas gifts, you might want to rethink your strategy this year.  GlobeSt.com stated in an article "Buy Now, As Retail Stock Likely Limited by Xmas" that retailers have learned during this recession to be more efficient on their space requirements not only for stores but warehousing.  Many stores have already purchased in the 3rd quarter their stock for Christmas and will not look to restock until the first of the year.  I have seen some retailers already advertising "Black Friday" pricing now to capture your dollars early before the biggest retail day - the day after Thanksgiving.  So the bottom line is...if you wish to buy a "hot item" come December, you might be forced to look at other alternatives for the gift.  Buy now!

Friday's Featured Listing - Excellent Retail Corner for Sale!

The property at 2619 Holdrege is available for sale $250,000 and an excellent candidate for redevelopment!  The 3,340 square foot building could be ideal for a small grocerer, daycare or other retail uses.  No sit down restaurants allowed due to parking constraints.  To view details on the property, click here or contact Sally DeLair at 402-441-5822 to tour.

City Council Approves Experian Building Purchase

The City Council approved the purchase of the Experian building located at 940 W. Bond by a 5 to 1 vote Monday night.  The final price of the 355,000 square foot building on 20 Acres is $6.375 Million - $115,000 less than expected.  Mayor Beutler hopes to turn the building into the Public Works Campus.  To read the full Journal Star article, click here.

Diverse businesses help Nebraska through tough times | REJournals.com

The commercial real estate markets in Omaha and Lincoln are still sluggish across both cities.  But brokers are hearing the phones ring again.  Tenants are looking for bigger spaces to expand into. Others are looking for better locations for their businesses. 

Read more on how each of those markets are fairing in the article featured on REJournals.com.  "Diverse businesses help Nebraska through tough times".  Tom Graf, NAI FMA, was interviewed for the Lincoln segment.

Richard Meginnis Receives RAL Commercial REALTOR® Services Award

Richard Meginnis of NAI FMA Realty was awarded the first Commercial REALTOR® Services Award at the REALTORS® Association of Lincoln's 91st Installation and Awards Banquet on Tuesday, Oct 12, 2010.

Meginnis received the award due to his ongoing service with the Lincoln Public Schools Board of Education, his involvement and donation to RPAC and his overall active participation in all areas of commercial real estate with the REALTORS®Association of Lincoln. Congratulations Richard!

Congratulations to the 2010 Downtown Impact Award Winners!

Congratulations to Nebraska Rural Electric Association, WRK LLC, Monte Froehlich, Lincoln is a Music City, Tafe and Davide Bergo, Mayor Chris Beutler and Dick Campbell on their Downtown Impact Awards today!

Check out the DLA website for video interviews and photos!

Friday's Featured Listing - Retail Location Along P Street Corridor

Great retail location on P Street Retail Corridor for lease!  886 square feet next to Footloose & Fancy and Starbucks at 12th & P Street.  Traffic generators include Lincoln Grand Theaters, Lied Center, Wells Fargo Center, and its close proximity to the University of Nebraska-Lincoln campus. 

To view the listing click here or contact Tom Graf or Richard Meginnis at 402-441-5800 for a tour.

Retail Split Widens Between Luxury, Value

GlobeSt.com's article "Retail Split Widens Between Luxury, Value" stated the biggest trend for retailers now is shoppers are choosing either luxury or value type stores leaving the middle-level retailers in the dust.  One such mid-level retailer, Talbot's, recently announced that it will be closing approximately 100 stores and launching an outlet format to combat this trend. 

Another trend noted in the article is that fast-food restaurants are doing better than mid-level sit-down restaurants - a trend we noted in an earlier post.  That statement is particularly evident in the Lincoln market with the success and expansion of many fast-food restaurants such as Jimmy John's, Mr. Goodcents, Qdoba, to name a few. 

To read the full article, click here.

Planning Commission OKs proposal for CVS at 27th and Old Cheney

Despite some opposition to the proposal for a development that includes a new CVS Pharmacy on the NWC of 27th & Old Cheney, the Planning Commission approved the zoning change from office to retail oriented. The zoning changes allows Assurity Life Insurance Co. to tear down the office building on the corner to make room for a 13,300-square-foot CVS and an attached 8,500-square-foot retail building.  An 11,700-square-foot retail and office combo building would be built later with an 8,700-square-foot office building being the final piece.

The proposal will now go in front of the City Council in 2 1/2 weeks.  To read the full Journal Star article, click here.

Lincoln #3 on the list of perfect spots for young families

Parents magazine ranked Lincoln #3 on the list of best cities to raise a family.  Scottsdale, AZ and Fort Wayne, IN came first and second respectively.  Some of the factors they considered were affordable housing, safety, good neighbors, access to pediatricians and parks. 

To read the full article, click here.  (Source:  journalstar.com and Parents Magazine)

Obama Signs $30B Small Business Loan Law

President Obama signed into law a $30 billion loan find for small business. The law also provides $12 billion in tax breaks and tries to improve existing loans to small businesses that are backed by the U.S. Small Business Administration. 

According to a Realtor.org article "The $30B Small Business Loan Law in Perspective : Speaking of Real Estate", one concern that National Association of Realtors members have voiced, is that local community banks are not participating in the SBA loan program.  In Lincoln, however, we have been approached by a number of local area banks who are ready to help small businesses get the financing they need.  So we would encourage any small business looking to expand or buy a building, to look into the SBA program.

To read the full Realtor.org article, click here.

Target Renovates Distribution Centers and Opens New Stores

Though it is not expanding at the pace it has in recent years, mega retailer Target is still very active by opening 10 new stores in 2010 and renovating their 9 distribution centers across the U.S.  To read the full article, click here.  (Source: rebusinessonline.com)

Business Activity in U.S. Unexpectedly Accelerates

Business activity in the U.S. unexpectedly accelerated in September, a sign manufacturers are still at the forefront of the recovery.  To read the entire article, click here.  (Source www.bloomberg.com.  Picture by Jim R. Bounds.)

Blockbuster Files for Bankruptcy

Blockbuster has announced its plans to voluntarily enter into Chapter 11 bankruptcy as a way to clean up the struggling company's balance sheet.  According to the article, Blockbuster's approximate 3,000 retail locations (which includes 8 locations in Lincoln) will remain open for the short term. 

To read the full article by REBusiness Online, click here.  (Source:  REBusinessonline.com)

Friday's Featured Listing - Land with Superior Street Frontage For Sale

77 Acres of residential zoned ground is available for sale at 35th & Superior.  21.9 Acres has been elevated out of the floodway and now ready for development.  Ideal setting for a residential development or corporate campus with zoning change.  View details of the property or contact John Hyland or Richard Meginnis at 402-441-5800 for futher information.

Commercial Real Estate Yields Spur Investors

Capitalization rates averaged 7.22 percent in the second quarter, or 4.29 percentage points higher than the yield on 10-year government bonds. Read more..
(Source: REALTOR® Magazine-Daily News)

Commercial Conditions Favor Business Growth

Rent discounts and other favorable conditions in commercial real estate markets make it a good time for expansion moves by businesses, a NAR report suggests.  Read more...
(Source: REALTOR® Magazine-Daily News)

Epilogue: Prairie Peace Park is facing its end

"The World Peace Mural" created in clay

Read the Journal Star article that follows the tale of the Prairie Peace Park that opened in 1994 and is now facing the possiblity of closing after the current owners lost funding for the project. Epilogue: Prairie Peace Park is facing its end

NAI FMA Realty has the property listed for sale.

Urban Development Summer Newsletter Now Available

The Summer 2010 issue of the City Urban Development Department's quarterly newsletter, The Urban Page, is now available.  Simply CLICK HERE to read the full newsletter.

This issue features articles on:
-DT Park & Go Campaign
-Downtown Green Scene
-Elliott School Meets Antelope Valley
-Havelock Ave Face Lift
-N 27th Property Purchases
-Assurity Building Taking Shape
-Community Art in Neighborhoods

Friday's Featured Listing - Fallbrook Office Building for Lease

Fallbrook Medical Plaza is a modern office facility within the Fallbrook Development in northwest Lincoln.  Although northwest Lincoln is one of the fastest growing parts of town, it remains an area with untapped business potential.  Fallbrook and surrounding developments have an ever expanding neighborhood customer base and large employee base.  Businesses that have located out to Fallbrook include Ameritas Life Insurance Corp., Gallup, YMCA, Schoo Middle School, Farm Credit Services of America and Concordia College.

Fallbrook Medical Plaza has available space of up to 6,600 square feet and is ready for tenant finish.  Patients are provided front door parking and a covered main entrance.  The building is professionally managed and maintained. 

To view more detail on the property, click here or contact Richard Meginnis or Hank Woods at 402-441-5800.

REALTORS Participate in Paint-A-Thon

The REALTORS Association of Lincoln participated in the Paint-A-Thon, a community event designed to paint the homes of elderly and disabled home-owners who are unable to do the work themselves and cannot afford to hire a commercial painter to do the work.  Teams came together on Saturday, August 14th to paint the designated homes.  This year marked the 20th year Paint-A-Thon has been assisting Lincoln homeowners.

Diana Schilf, NAI FMA, has been involved with the RAL team since 2001.

Survey names America’s favorite burger

According to a new Zagat survey of fast-food lovers, the best burger in America comes from Virginia-based Five Guys, edging out regional and national chains. But Dairy Queen rules the Best Milkshakes category, while the best fries still come from McDonald's.  Read the article to see the rest of America's favorites!  Elite eats: Survey names America’s favorite burger - foodwine - TODAYshow.com
(Source: Today.msnbc.msn.com)

Friday's Featured Listing - Suburban Office for Lease at 27th and Old Cheney Road

A very nice south Lincoln office space is available for lease at 5533 S. 27th Street.  Includes four offices, reception area, two conference room and an open area.  $13.75/square foot NNN.  View additional information here or contact Sally Delair or Marc Snow at 402-441-5800 to tour.

Study Finds Commercial Retrofits Could Save $41B Annually in Energy Costs

Although energy-efficient retrofitting of commercial buildings has the potential to return twice as much in savings to owners and tenants as they require in investments, interest in pursuing retrofits has remained relatively low, dampened by the financial constraints on building owners from the economic recession, and lack of available financing options.  Read More...
(Source: NAR and CoStar)

Commercial Real Estate Remains Sluggish

Read the full article published by the Journal Star on Sunday, August 8th which talks about the local commercial real estate market and has inserts from NAI FMA's recently published market report.

1st Half 2010 Office Market Report-Lincoln, NE

NAI FMA Realty recently published its 1st Half 2010 Market Report covering commercial real estate trends in Lincoln, Nebraska. The market report provides statistics and trends for the office, retail and industrial markets. 

Download a copy of the office market report today or download the full report, click here.

NAI FMA Realty Brokers Office Sale for $18 Million

NAI FMA Realty has brokered an office sale in Omaha, Nebraska for $18 million, the firm’s largest transaction to date. Omaha Headquarters Venture DST, purchased Farnam Tech Center, an investment property located 10826 and 10842 Farnam Drive. This development consists of two office buildings totaling 118,612 square feet and a 383-stall parking garage. The buildings, built in 1986, are fully occupied and anchored by TD Ameritrade, who leases 70% of the asset. Richard Meginnis, SIOR and Tom Graf for NAI FMA, represented the seller, Ameritas Life Insurance Corp.; Mark Seger of CB Richard Ellis/Mega represented the buyer.


NAI FMA is a locally-owned full-service commercial real estate firm within the NAI Global network providing client-focused solutions in the areas of brokerage, tenant representation, property management, facility maintenance, and contract coordination.

Friday's Featured Listing - Haymarket Building for Sale

820 P Street provides an investor or owner/occupant a rare opportunity to buy a property in the Haymarket area.  This two-story property contains a total of 21,300 square feet and situated on .48 Acres.  Zoned I-1.  Excess land to the west of the building currently used as a parking lot.

Snag this property now as it is located on the proposed main roadway to the future West Haymarket arena! 

Click here to view the property details or contact Richard Meginnis or Mike Ball for a tour at 402-441-5800.

Sysco Buys Lincoln Poultry

Rumors were flying around yesterday but was confirmed this morning as Sysco announced it bought Lincoln Poultry, a locally-owned food distribution company.  No lay-offs are expected and plans are to expand Lincoln Poultry's current facility at 800 Cattail Road near the airport.

Lincoln Poultry has been in business for over 50 years and distributed frozen and refrigerated foods, dry groceries, and various equipment and supplies to customers in a 12-state area.  Sysco is a large national company with 186 distribution facilities nationwide serving more than 400,000 customers.

Friday's Featured Listing - O Street Retail/Warehouse Space for Sale

The former Lamp and Lighting Warehouse space at 1750 West O Street is for sale at $995,000.  The building of approximately 19,228 square feet consists of a showroom, private offices and a warehouse.  The showroom and offices were updated in 2006.  The warehouse space has two docks and two grade-level overhead doors.  Click here for more detail on the property or contact John Hyland 402-441-5834 or Marc Snow 402-441-5819 to tour the facility.

Congress Passes Homebuyer Tax Credit Extension

Yesterday Congress has passed a bill extending the Homebuyer Tax Credit closing deadline to September 30, 2010.  This will provide relief for homeowners, banks and title companies who were struggling to meet the deadline due to the sheer amount of closings.


The extension applies only to transactions that had ratified contracts in place as of April 30, 2010, and have not yet closed. There will be no gap between June 30 and the date the President signs the bill into law.

Have a say on how Lincoln grows! 

The Planning Department is encouraging everyone to complete a short online survey for the 2040 Lincoln Lancaster County Comprehensive Plan.  They want to know your priorities for living and working in Lincoln and Lancaster County. 

Hurry...Friday, July 2nd is the last day!

Ten Ways to Measure a Startup's Progress-Forbes.com

Here are 10 signs that investors look for in promising young companies and will help you until your new venture really gains traction. (Source:  Forbes.com)

Congratulations to Bailey Lauerman on Gold Effie Award!

Congratulations to Bailey Lauerman for winning a Gold Effie award which recognized their work on the marketing campaign for the People's City Mission and its Mission Bean coffee!  Bailey Lauerman is a tenant in the Wells Fargo Center office building which is managed by NAI FMA.

NAI Global Reports: Gulf Oil Spill Not Likely to Impact Commercial Real Estate

"Gulf Coast Commercial Property Experts See No Long-Term Effect on Supply or Demand"
By Peter Setaro, Distributed via email on June 22, 2010

PRINCETON, NJ, June 22, 2010 – The BP oil spill that has continued for more than 60 days has caused widespread environmental damage and is already affecting shipping, fishing and tourism, but commercial property experts in the region do not believe the accident will have a significant impact on Gulf Coast real estate markets, according to a special report released today by NAI Global.

Commercial real estate leaders from markets bordering the Gulf of Mexico and renowned economist Dr. Peter Linneman weigh in on how experts are quantifying the impact of the oil spill, and provide regional on-the-ground observations of how property markets are faring today. While some markets may see a temporary up-tick resulting from the cleanup efforts, most do not expect any long-term impact, positive or negative, on supply or demand, the primary factors influencing rental rates and property values.

NAI Global, the world’s premier managed network of commercial real estate firms and one of the largest real estate services providers worldwide, has a presence in markets all along the Gulf Coast, including New Orleans, LA, Pensacola, FL, Mobile, AL, Fort Myers, FL, and Houston, TX.

While there is no questioning the potential environmental impact, Dr. Linneman, NAI Global’s Chief Economist, suggests that political activists are inflating the economic impact of the oil spill, and that the impact on the Gulf Coast’s economy in general and real estate in particular will probably be minimal.

“This spill is the most overhyped problem we’ve seen in the past six months,” said Dr. Linneman. “The overall economic impact to the nation will be trivial.”

The full report is available for free download at http://www.naiglobal.com/ under Publications/Articles & White Papers, or by clicking here.

NAI FMA Realty Named to 2010 Best of the Best

NAI FMA Realty has been named on the Midwest Real Estate News magazine's list of 2010 Best of the Best Midwest Real Estate Top Brokers and Top Property Management.  NAI Global ranked #4 in both categories as well.

Midwest Real Estate News is one of the region’s leaders for commercial real estate news.  According to the publication, hundreds of surveys are submitted each year by firms from across the Midwest to the magazine for consideration. Rankings are determined by the number of real estate transactions in the previous year and the dollar amount related with those transactions.  NAI FMA's sales and leasing transactions covered office, industrial, retail, and land.

NAI FMA, incorporated in 1961, is Lincoln’s largest commercial real estate firm. A full-service firm, NAI FMA represents corporate owners, financial institutions, family-owned businesses, investor groups, start-up businesses, and nonprofit organizations with their various real estate needs.  For more information on our services, visit http://www.naifmarealty.com/.  Follow us on Facebook for comments on industry and community news.

David Clark Framing Coming to Williamsburg

David Clark Framing is a new picture frame shop set to open in the Williamsburg area.  David has been in the picture framing industry for over 19 years and worked as the manager for Frameworks.  Be sure to stop by and say hello David at 5700 S. 34th Street!

Sally DeLair, NAI FMA, assisted David in locating his new shop.  Contact Sally at 402-441-5823 if you have a retail space need.

IRS Offers Details on New Small Business Health Care Tax Credit

The Internal Revenue Service issued new guidance to make it easier for small businesses to determine whether they are eligible for the new health care tax credit under the Affordable Care Act and how large a credit they will receive. To learn more, CLICK HERE. (Source: National Association of Realtors)

Friday's Featured Listing - Retail Investment For Sale

Great opportunity to purchase a retail strip occupied by stable tenants!  6440 O Street is located in front of Westfield Shoppingtown Gateway Mall and in an area with traffic counts of over 30,000 cars per day.  $1,275,000  View the listing detail or contact Sally DeLair or John Hyland at 402-441-5800 for further information.

Rathbone Village Welcomes New Tenants

We are pleased to announce that Blooms and Bouquets and the Lincoln Yoga Center are joining the shops at Rathbone Village. 

Blooms and Bouquets is open and specializes in wedding floral.  Melissa Ryks-Schock, head designer, has enjoyed being involved in the floral business since she was 14.  Visit Melissa for your wedding plans at 2129 Winthrop Road, Suite 6 or call her at 730-2640.

The Lincoln Yoga Center is scheduled to open July 5th.  Sheila Palmquist is the owner and operater.  She has been a yoga instructor for 10 years and worked at LifePointe over the past year.  Be sure to visit her open house on July 5th from 10-7pm at 2127 Winthrop Road!

Sally DeLair and Marc Snow, NAI FMA, represented the landlord.  For other leasing opportunities, contact NAI FMA at 441-5800.

Check Out the New Updates to naifmarealty.com!

Need an apartment?  Check out our new updates to our apartment page on naifmarealty.com! 

Friday's Featured Listing - Investment Opportunity Near Wesleyan

Great multi-family investment property for sale near Nebraska Wesleyan University.  $265,000  7-units comprised of one efficiency, one 1-bedroom, and four 2-bedroom apartments.  Low vacancy being near Wesleyan and UNL East Campus.  Contact Chris Vasek at 402-441-5833 for showings.

Edward Jones Office Moving

A local Edward Jones office is moving to Rockledge Square at 84th and Van Dorn.  Edward Jones offers investing and retirement planning.  Carol Myers, the local financial advisor for the new office, has been in the business for over 15 years.  She will begin operating out of her new office starting on Monday, June 7th.  Marc Snow, NAI FMA, assisted Carol and Edward Jones in the site search and lease negotiations.  To learn more about how NAI FMA can help you with an office search, contact us at 402-441-5800.

You can contact Carol Myers at:

2901 S. 84th Street, Suite 4

Lincoln, NE  68506

402-483-6101

Construction Progressing on Assurity Life's New Headquarters

Assurity Life Insurance Co.'s new five-story corporate headquarters in the Antelope Valley area is out-of-the-ground and progressing for their 2011 summer occupancy.  The building design is LEED certified Gold and will feature many "green" aspects such as a green roof and exterior window shading to allow for more natural light.

If you would like to be a part of this exciting project, approximately 23,000 square feet is available for lease on the top floor.  Contact Chris Vasek or Hank Woods at 402-441-5800.

Elite Professionals Home Care Co. Moves to New Office

Elite Professionals Home Care Company has purchased 3901 Faulkner Blvd, a 12,310 square foot office building in the Williamsburg area.  They previously leased space at 301 S. 70th Street.  Elite's services include: Care Companions, home health aides, skilled nursing, physical therapy and occupational therapy.  Tom Graf and Mike Ball, NAI FMA Realty represented the seller, Ritchie Bros. 

If you would like to see other buildings NAI FMA has for sale, visit our website at http://www.naifmarealty.com/.

 

Friday's Featured Listing - Professional Office for Lease at 13th & O

Great opportunity to lease Class "A" professional office space that overlooks the UNL Campus!  4,200 square feet is available in the Wells Fargo Center at 13th and O Street.  $17.50/SF Full Gross (Rent includes all utilities except for cable and phone).  Join such prestigious tenants as Baylor Evnen Law Firm; BKD, LLP; Bailey Lauerman, Wolfe Snowden Law Firm, Dana Cole & Co. and Wells Fargo Bank.  Contact Richard Meginnis or Tom Graf at 402-441-5800 for additional information.

UBS Expanding to Village Gardens

UBS, a global financial services firm, is consolidating two local offices into a larger office in the Village Gardens Development at 56th & Pine Lake Road.  UBS will occupy nearly 13,000 square feet on the second floor of the newer retail building at 5800 Hidcote.  The new office is scheduled to be completed by October 1st.  Mike Ball, NAI FMA, represented UBS on this transaction.

Lincoln Ranks #9 as America's Most Livable Cities

Forbes.com recently ranked Lincoln #9 out of 200 mid-sized metropolitan areas for being one of "America's Most Livable Cities".  Out of all of the 200 cities surveyed, Lincoln had the lowest unemployment rate at 4.9%.  Omaha ranked #5.

Friday's Featured Listing - Heated Warehouse with Yard for Lease

10,400 square foot warehouse for lease in central Lincoln at 3025 Apple Street.  Warehouse is heated and includes four garage doors, office, dock, and yard space is available.  $2.95/sq.ft. NNN  Contact Marc Snow at 402-441-5819 for further information.

It's Me or the Office!

Does your home office look like this??  Is your spouse threatening to leave if you do not do something with your office??  If so, maybe it's time to consider leasing small office space. 

At NAI FMA Realty, we have office space from executive suites to a couple room offices and larger in many areas of Lincoln.  Contact us at 402-441-5800 to find a space that fits your needs (and makes your spouse happy!).

Lincoln Voters Approve Funding for New Arena

The voters of Lincoln approved the proposed Haymarket Arena bond issue by 56% to 44% yesterday according to unofficial results.  Their approval means the city can proceed with construction of a 16,000-seat arena west of the downtown post office and the construction of new streets, bridges and parking to support it.  A huge victory for the city of Lincoln!

Lunch Plans on Wednesday??

If you have made lunch plans for Wednesday you might want to reconsider.  Five Guys Burgers & Fries are scheduled to open that day!  I can smell the burgers already!

Vacek Family Dentistry is Moving

Vacek Family Dentistry is moving to 339 N. Cotner Blvd. this summer.  They purchased the building on the corner of Cotner & R Streets in mid-March.

NAI FMA Participates in "Great Nebraska Trash Off"

The "Great Nebraska Trash Off" is an annual marathon day to help cleanup Nebraska's highways. This year's event was held on April 17th. NAI FMA picked up trash along a 2-mile stretch on Hwy. 77. Thank you to those associates that participated - Scott Bahm, Mike Weekly, Wayne Thrasher, Keith Thomson, Loren Wusk, Darl Sapp, Scott Mickle and Rick Hellerich.

Friday's Featured Listing - Land For Sale Along Cornhusker Hwy.

Two parcels of land totaling approximately 4.92 Acres are available for sale at N. 44th and runs parallel to Cornhusker Hwy.  The owners have developed plans for self storage units or small warehouse units but other uses such as construction equipment sales and rental, automobile sales, etc. would all be potential ideas for these sites.  Zoned I-1.  Great visibility with over 20,000 vehicle count daily!  Contact John Hyland or Richard Meginnis, NAI FMA Realty, at 402-441-5800 for additional information.

Mayor Beutler Announces EPA Findings for Proposed Arena Site

Mayor Chris Beutler announced yesterday that the EPA findings showed no unexpected additional cleanup costs for the proposed Haymarket arena site.  He stated "...the arena cleanup is both manageable and affordable."  A giant step for the West Haymarket Arena project!  Be sure to vote "YES" on May 11th!

Meridian Park Office LEED Tour Well Attended

On Friday, April 16th, Lincoln Green by Design hosted a LEED tour at the Meridian Park Office building to educate the public on Leadership in Energy and Environment Design for an existing building.  The event was well attended and Mayor Chris Beutler was able to make an appearance.  Mayor Beutler thanked Ameritas Life Insurance Corp. for their decision to upgrade Meridian Park's operations and management to LEED standards and briefly talked about what the city's efforts are towards a "Cleaner Greener Lincoln".  Sponsors for the event included NAI FMA Realty along with Davis Design and Ameritas Life Insurance Corp.

Angelou States Lincoln is Attractive to Site Selectors

Angelos Angelou, the founder of AngelouEconomics, answered questions on the current state of site selection for Forbes.com.  In one of the questions where he was asked what metro areas are site selectors finding attractive, he mentioned Lincoln as one of the top metro areas.  The other metro areas were Albuquerque, Austin, Colorado Springs, Nashville, Phoenix and Atlanta.

Angelou Economics was hired by the city a few years back to provide input towards the city's economic development efforts.  I think he has given some valuable information to the city on how to develop a solid economic development plan to attract new businesses to the area.

Impact Fees To Be Reviewed by Mayor in Coming Months

Impact Fees will gain attention by the mayor and city council in the months following the May 11th arena vote. The mayor’s office has commented that they would like to make some changes to the current ordinance that they believe will make it easier to use the money collected. Among the possible changes are revising the current seven (7) impact fee districts to four (4) and removing a provision that requires the city to pay back any unused impact fees to the original payer if unused after seven (7) years.  For more information on the current impact fees, click here.

Friday's Featured Listing - Small Office Available in Wells Fargo Center

A beautiful executive office is now available for sublease in the Wells Fargo Center!  312 square feet at $475.00 per month which includes utilities (except for cable and phone).  Ready for immediate occupancy!  Contact Mike Ball, NAI FMA Realty at 402-441-5807 to tour or for additional information.

LPED Partners with Airport Authority on Airpark Study

The Lincoln Partnership for Economic Development and the Lincoln Airport Authority have agreed to partner on a market-based plan for the Lincoln Airpark.  A review team has narrowed the choices to a final three and interviews are scheduled for the first week of April. A final recommendation is planned for Airport Authority's consideration at its April meeting.

The 1,000+ acre site has had several plans that outlined the land use and infrastructure. However, the new
plan should take the site to the next level. Currently, Lincoln is eliminated from a number of manufacturing
project requests because of the lack of large rail-served sites. The Airpark provides a unique opportunity
as there is rail service from BNSF and tax advantages.

Eventually, LPED forsees the park attracting new jobs to the community and generating additional spin-off opportunities in the private sector.

LEED in Lincoln Tour Tomorrow, April 16th

Lincoln Green by Design will host a LEED building tour Friday, April 16 at the Meridian Park Office Building. This open house will educate attendees on Leadership in Energy and Environmental Design on Existing Buildings: Operations & Maintenance (LEED EB O&M), an internationally-recognized green operating performance certification. Businesses involved with Meridian Park’s operations and management will be present throughout the building to provide information about their products or services as related to the LEED EB: O&M credits.

THE EVENT IS OPEN TO THE PUBLIC AND FREE TO ATTEND.

Event Sponsors:  NAI FMA Realty, Ameritas Life Insurance Corp. and Davis Design

Early Voting Starts Today for May 11th Primary Election

Starting today, April 5th, Lincoln citizens can begin early voting for the May 11th Primary. On the ballot is the proposed West Haymarket Arena and the issuance of general obligation bonds.

There are two ways to do this:
1.  You can request your ballot be mailed to you. It will be sent to you so you can vote when and where is convenient for you. Request your ballot at the Election Commissioner's web site.

2.  You can vote early at the Lancaster Election Commissioner's office. The office is located at 601 North 46th Street (across the parking lot from the DMV) and is open from 8:00 AM to 4:30 PM, Monday through Friday.

NAI FMA Realty urges all citizens to vote in favor of the arena.

Friday's Featured Listing - Office for Lease in Country Club Area

5,166 square foot office in PRIME location-27th & Stockwell!  Former medical office includes 20+ rooms of various sizes and uses.  Parking at door for clients.  Well-maintained and attractive property.  Join other well-established occupants - a pharmacy, dermatologist and a dentist!  Contact George Hancock, NAI FMA Realty at 441-5810 for additional information.

Global Economic Outlook Web Conference-Look Out for the Wildcard!

Join NAI Global Chief Economist Dr. Peter Linneman for a discussion on the economic recovery, the big lessons we’ve learned over the past 10 years, when jobs will return, why 2010 is a point of inflection for commercial real estate and why inflation is the big wildcard. Dr. Linneman will also be available to answer your questions during this free event.  Register today!

The Wide Open Spaces of Big-box Real Estate

Matt Olberding from the Journal Star wrote a good article summarizing the high number of large retail spaces available in Lincoln.  A few commercial realtors were interviewed and provided some insight on the outlook for the big-box retail.  To read the article, click here...The wide open spaces of big-box real estate.  Richard Meginnis with NAI FMA Realty is mentioned.

Friday's Featured Listing - Office Land for Sale in Heart of Lincoln

Come be a part of a professional office setting located at 52nd & R Streets.  Lots 10 & 11 can be purchased together for $128,500 and will allow a 2,500 square foot building.  All common elements of the development are in place so lots are ready for construction.  Two additional lots are available if an office user needs up to 5,000 square feet of buildable space or to expand at a future date.  Contact John Hyland or Hank Woods at 402-441-5800 for additional information.

Mom & Pop Retailers Gaining Momentum

A recent article in the Heartland Real Estate Business magazine discussed how the current economy has many real estate owners and developers taking notice of the durability and resiliency of local and regional retailers. Retail centers who have a mix of the "mom-and-pop" tenants along with the national chains have suffered less than the high-profile developments with the big national retailers.... So as the Chamber's encourages...Think Lincoln, Buy Lincoln, Grow Lincoln. 

To read the full article, click Heartland Real Estate Business.

Wolf Tackle Shop Expanding at Briarhurst Center

Wolf Tackle Shop is expanding in the Briarhurst Center at 48th & Hwy. 2.  They are moving in June to the space formerly occupied by Krazy Kraft.  Wolf Tackle Shop has a second location in Havelock.

City of Lincoln Unveils New GIS Mapping Site

The City of Lincoln has made public their new GIS mapping site that is a joint venture between city and county agencies.  This replaces the map software you might have used when accessing the assessor's website.  A new, fun feature for the site is its integrated with Google Street View which gives you panamoric views from various positions along many streets. 

Retail Sales Rise Unexpectedly in February

Retail sales showed an unexpected rise in February by 0.3 percent resulting from consumers braving the snowstorms to get out of the house and spend money at stores and restaurants. The Commerce Department noted this increase, the biggest since November, surpassed predictions of a 0.2 percent decline for February. Big discount stores such as Wal-Mart and general merchandise stores, a category that includes department stores, reported solid sales increases. Analysts sees this as a positive sign for recovery from the current recession. To read the full MSNBC article - Retail sales rise unexpectedly in February - Retail - msnbc.com

Downtown Lincoln Selected as Downtown of the Month by International Downtown Association

Downtown Lincoln has been selected as the Downtown of the Month by the International Downtown Association for March 2010.  Downtowns are selected by the amount of revitalization that is taking place.

Friday's Featured Listing - Unique Downtown Space

A 1,500 square foot space behind Subway at 1317 O Street is now available for lease.  The space has many possibilities from office, studio space, workshop or living quarters.  A parking stall is included right by the front door to the space.  $958 per month INLCUDES all utilities except telephone and cable.  Contact Marc Snow, NAI FMA Realty at 402-441-5819 if interested in touring.

REALTOR® Magazine-No Real Commercial Recovery Before 2011

Lawrence Yun, chief economist for the National Realtor Association believes the commercial real estate market will not see a recovery until 2011. He stated the job market is expected to grow later this year and with that the demand for office and warehouse space will improve. Furthermore, as consumer confidence increases so will the demand for retail space. To read the article in full - No Real Commercial Recovery Before 2011.

NAI Global Ranks #4 in Top 25 Commercial Real Estate Brands

Congratulations to NAI Global for its #4 ranking in The Lipsey Company's survey of the Top 25 Commercial Real Estate Brands!  Over 50,000 practitioners and industry leaders from REITs, institutions, mortgage bankers, commercial brokers, asset managers, property managers and related professionals were interviewed and surveyed.  In 2009, NAI Global ranked #7.

New Beginning for Trinity United Methodist

Trinity United Methodist held their last church service yesterday at their 100+ year old, historical church located on the corner of 16th and A Streets.  The congregation is preparing to move into their new building in the Village Gardens development at 56th and Pine Lake Road and will hold their first service next Sunday, March 7th.

This historical church is for sale and if you are interested in additional information, you can click here or contact Mike Ball, Hank Woods or Chris Vasek, NAI FMA Realty at 402-441-5800.

Five Guys Burgers & Fries Article in Journal Star

Read the article from February 25, 2010 written by Matt Olberding featuring the new franchise coming to Lincoln in May.

Tsuru Moving to New Downtown Location

Tsuru, a locally-owned boutique, is moving to a new downtown location in July.  The new space is next to the Novel Idea.  Matel Rokke, the owner, has had the boutique for three years which features clothing, jewelry and accessories.

If you are looking for a small retail shop in downtown, come take a tour!  This street retail space consists of 830 square feet and great visibility!  The space is next to the Rocco Theatre and east of the Wells Fargo Center.  Contact Marc Snow, NAI FMa Realty at 441-5819 for more information.

Clocktower Adding New Tenants

Clocktower shopping center sounds like it will fill some of its vacancies.  The new owners commented that a sports bar, sports apparel store and a shoe store have committed to opening at the center.  Jimmy John's is a newer tenant as well.  Good to see new openings at the center.

Last Call for Local Bars

A couple of local bars have announced their "last call" for Lincoln.  Yesterday, the space that currently houses 1st Avenue Bar and Reception Hall located at NW 1st and Cornhusker Hwy. came on the market as available for lease effective May 2010.  WC's Lounge (business) at 1226 P Street is now on the market for sale.  Some of you might remember that the building was recently bought by B & J Partnership.  And another long-established bar location has been available for lease in southeast Lincoln in the Alamo Shopping Center.  The bar had been Bleachers for a number of years but the business sold in early 2009.  The new bar owners renovated the space and changed the name to The Element Sports Bar and Grill but their hardwork did not pay off because it closed by fall 2009.  So if you are looking to get into the bar business there are plenty of opportunities!

Good Life Fitness Opens on Van Dorn

Good Life Fitness has opened at 300 Speedway Circle (Van Dorn & Park Blvd).  Steve Auxier, a certified personal trainer, has relocated his N-10sive Boot Camp program to this site and plans to add weight and cardio equipment within the coming months.

Friday's Featured Listing - Land Available For Sale With NO IMPACT FEES

Excellent opportunity to build in southeast Lincoln on a site with NO IMPACT FEES!  37,000 sq. ft. site available at 27th & Grainger Parkway.  You can build up to a 8,100 sq.ft. retail building or a 4,000 sq.ft. restaurant.  Join neighbors as First State Bank of Hickman and Las Margaritas.  If interested, contact Richard Meginnis at 402-441-5828.

Tale of Two Cities

Read a USA Today article written about two cities, Lincoln and Merced, CA, and how they compare as No. 2's in a list of metropolitan area unemployment rates - Lincoln as the second-lowest unemployment rate and Merced the second-highest.

Five Guys Burgers & Fries Coming to Lincoln!

Five Guys Burgers & Fries plans to open their first Lincoln location at 1230 P Street by early April.  They sell burgers, fries and hot dogs (if you haven't already guessed).  Five Guys is a Virginia-based company which opened its first restaurant in 1986 and has now expanded to over 450 locations in 30 states through their franchise program.  Richard Meginnis and Chris Vasek assisted the franchisee in selecting a site. 

Updates for the Retail Market

Just some quick retail changes that are happening...The Joint, which is a chiropratic office, is taking the east end cap of the small retail strip where Starbucks is located at 33rd & O Streets.  And by the end of the year, Gordman's will move to a new location on N. 27th Street next to Bed, Bath & Beyond leaving a sizeable hole in central Lincoln.

Former NREC Executive Directory Tyrrell Loses Battle with Cancer

Leslie "Les" Tyrrell, the former Nebraska Real Estate Commission Executive Director, passed away on Sunday after a 4-year battle with cancer.  Tyrrell, who began his career with NREC in 1978, was appointed Executive Director in 1991 and held this position until his retirement in 2009.  Our condolences to his family and friends.

Qdoba Mexican Grill Opening Downtown Location

We heard from a reliable source that Qdoba Mexican Grill is opening a downtown location next to Panera Bread at 12th & P Streets.  This will make their second location for Lincoln. 

Qdoba's website states they have been around for 14 years and in 2009 they planned to build more corporate-owned restaurants than in any year in their history.  With the economy as it was, curious if that happened.

Cars4Less Leasing Former Car Lot

The former John Hall Motors car lot at N. 48th St & Cleveland Ave. has been leased to Cars4Less.  Marc Snow and Sally DeLair represented the owner.

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Which Retailers & Restaurants Look to Expand in 2010?

As consumer confidence and spending has begun to improve, some retailers are now moving back into growth mode and expanding in today's market.  Discount chains and quick-service restaurants seem to be the retailers planning multiple new locations in 2010.  Burger King says it will open 300 units and Panera Bread plans to open around 100.    Target (128), Wal-Mart (16) and Costco (23) are some of the national discounters talking about expansions.  My hope is Costco will consider Lincoln again for one of those 23 new sites.  (Source: Shopping Centers Today December 2009 issue.) 

More encouraging news was there were fewer store closings in the second half of 2009 for the Lincoln market.  Our latest market report showed retail vacancy only increasing to 8.8% up from 8.7% after the first half of 2009.

New Haymarket Arena is One Step Closer

Last night after almost 3 hours of city leaders and private citizens testifying on whether a portion of the arena financing should be put to a public vote on the May 11th primary election ballot, the Lincoln City Council voted 6-0 for it.  Lincoln is one step closer!

Physicians Weight Loss Center Opens at 25th & Superior

Physicians Weight Loss Center has leased office space in the Ticonderoga Center at 2550 Superior Street.  This makes their second location for Lincoln with the first location at S. 56th & Waltz Road just north of Liberty First Credit Union.  Marc Snow and Tom Graf represented the landlord.

City Council to Vote on Arena Issue

The Lincoln City Council will be voting on Monday on whether to put a proposed arena project on the May 11th primary election ballot.  The council will also be asked to approve agreements to form a joint public agency with the University of Nebraska to finance the project and for the men's and women's basketball teams to play in the arena.  Read more on the proposed Haymarket arena.

To go to the public hearing...3pm Monday at the County-City Building, 555 S. 10th Street.

Friday's Featured Listing - Small Office in Great Neighborhood

2300 Winthrop Road is a stand-alone office building in the Country Club neighborhood and is available for lease.  Property is just south of Leon's Grocery and offers office users a high parking ratio.  Includes a full basement for storage needs.  Contact Tom Graf or Richard Meginnis at 402-441-5800 for additional information or to tour.

Water Street Solutions Leases 2200 Fletcher Ave.

Water Street Solutions, who is based out of Peoria, Illinois has leased office space at 2200 Fletcher Ave.  Water Street helps farmers across the Midwest with profitability by leveraging financial analysis, crop insurance and commodity marketing strategies.  Tom Graf and John Hyland represented Water Street Solutions and Hank Woods and Chris Vasek represented the landlord.

Have the Suds Dried Up?

On my way home, I typically take 9th Street and pass by the small laundromat located on the southwest corner of 9th & Rose Streets.  It always appeared to be busy with cars parked in front and people hauling out their clean laundry.  The past few weeks though I have noticed the interior lights have been off and no activity around the property.  I haven't had a chance to stop to check if the laundromat is still is business.

Vacancy Rates are Stabilizing

The 2nd Half 2009 Lincoln market report was released last Thursday and shows that vacancy rates are starting to stabilize.  The office market had the greatest increase in the overall vacancy which jumped to 10.4 percent from 9.3 percent at the end of Jun 2009.  The retail market showed only a slight increase from 8.7 percent to 8.8 percent.  And industrial actually decreased from 12.1 percent in June 2009 to 12 percent at the end of the year despite having the largest amount of available space on the market.  The good news out of all of this is that Lincoln is fairing better than the national average for all sectors.

On Saturday, January 30th, the Journal Star featured an article "Report: Vacancy rates stabilizing" written by Matt Olberding in the Business section of the paper summarizing the findings from the report.  Thank you to Matt for giving us some press time.

NAI FMA issues a market report twice a year to provide information on how the local commercial real estate market faired during the past six months and discusses the trends we see out in the market place.  All existing office, retail and industrial buildings are included except those that are government- or university-owned and occupied.

Feel free to contact us to discuss the report further or add you to our email list to receive the report directly to your inbox.

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Friday's Featured Listing - Multi-Use on UNL Campus for Sale

The Cornerstone Church, who occupied the building at 640 N. 16th Street, has moved to a new location at 13th & R Streets, St. Mark's On Campus building.  Their former building is now available for sale and can be many uses.  Contact Mike Ball at 402-441-5807 for further information.