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