Happy New Year from NAI FMA Realty!

From the associates at NAI FMA Realty, we wish you a Happy New Year!

Our office will be closing at 3:00pm Thursday, December 31st and will reopen for business on Monday, January 4th at 8:00am. Our answering service will be available through our main number at 402-441-5800 for any emergencies.

Cheney Ridge Family Medical Clinic Opens in Williamsburg

Patrick Bertolini, MD has opened a new practice, Cheney Ridge Family Medical Clinic, at 3540 Village Drive, Suite 100 in the Williamsburg area.  The offices opened late October. 

Dr. Bertolini was assisted by Tom Graf in locating new space for his practice.

New Office Tenants for 84th & Old Cheney

JHHZ Law and Jeffrey, Friehauf & Love CPAs, LLP are relocating from their current offices at 4701 Van Dorn to the office building at 5640 S. 84th Street.  They are moving this week and will occupy the entire building.  Tarnick Chiropractic & Acupuncture and Signature Eye Care P.C. are neighboring tenants in the north building at 5630 S. 84th Street.

Tom Graf represented the landlord with this lease.  If you are needing office space, 2,530 square feet is available for lease in the north building.  You can contact Tom Graf at 402-441-5823 or visit our website for further information.

Performance Chores Moves into Downtown Location

Performance Chores recently moved into its new downtown location at 420 S. 11th Street.  Performance Chores is a commercial cleaning company offering a variety of services for manufacturing, medical and commercial facilities.

Performance Chores purchased the 2,024 square foot building in June of this year.

Merry Christmas from NAI FMA Realty!

On behalf of NAI FMA Realty, I would like to wish you and your family a Merry Christmas!

Our office will be closing at 12:00pm Thursday, December 24th and will reopen for business on Monday, December 28th at 8:00am.  Our answering service will be available through our main number at 402-441-5800 for any emergencies.

Tools For Your Toolbox - Managing Critical Lease Dates

Now that you and your commercial real estate broker have found suitable space to rent, negotiated the lease terms and signed the lease, one last important step as you move forward is to identify and record all critical lease dates that require action.  Critical lease dates can include lease expiration dates, rent step-up or escalation dates, renewal and option dates, etc.  Failure to manage a particular date could result in such things as a late charge if the full rent is not received; higher rents if a renewal option is not exercised timely; or limited options for new space if the lease expiration date is missed.  So knowing and understanding what is contained in your lease agreement is a critical requirement for any commercial tenant.

Farmers Mutual Plans New Headquarters

Farmers Mutual Insurance of Nebraska announced its plans to build a $15 million, 45,000 square foot facility next to its existing headquarters in downtown Lincoln.  Farmers Mutual currently owns the property on the full block bounded by 12th, 13th, and K Street and Lincoln Mall.  The new building is planned to face 13th Street but no timetable has been set for construction.

Planning Agenda Includes Indoor Kennel & Garden Center Action Items

The Planning Commission will meet tomorrow at 1pm to discuss a request to have a special permit for an indoor kennel at the property on the NWC of 40th & Old Cheney and a zoning change from R-3 to B-2 on four lots in the Preserve to allow for a garden center/nursery.

City Council Approves Hotel Project at 11th & N St

Last night the Lincoln City Council gave approval on a $30 million downtown redevelopment of the parking lot just south of the Gold's Building into a hotel, apartments, entertainment center and parking garage.  This block, bounded by 10th, 11th, M and N Streets, is currently used as a parking lot mainly for neighborhing office building tenants.  With this approval, it marks the city's third new hotel project for downtown/Haymarket this year.

Lincoln One of the Best Places to Launch Small Business

CNNMoney.com ranked Lincoln #10 among midsize metro areas for the Best Place to Launch Small Business Startups.  Omaha ranked #3 on that same list.  Best Places to Launch-Lincoln 2009

Friday's Featured Listing - Nostalgic Downtown Location for Sale

The former Kuhl's Restaurant space at 1038 O Street is now for sale along with being available for lease.  Many students and downtown employees have fond memories of the space.  The building could be redeveloped into retail or office with a second floor apartment.  Includes a full basement.  For further information or for a tour, contact Sally DeLair 402-441-5822, Marc Snow 402-441-5819 or Mike Ball 402-441-5807.

DuTeau Expanding Presence in Southwest Lincoln

DuTeau Chevrolet has recently purchased land located near S. 28th Street and Jamie Lane (just east of Las Margaritas) with plans to move their Subaru division to this site.  Timing for the move hasn't been determined.  George Hancock represented DuTeau Chevrolet and Richard Meginnis and Sally DeLair represented the separate owners on the two parcels DuTeau purchased.

First State Bank Closes on S. 27th Street Land

First State Bank recently purchased 3.2 Acres at S. 27th Street and Grainger Parkway (just north of Las Margaritas) where they plan to build a bank branch and administrative headquarters.  First State Bank has three other Lincoln locations along with eight branches and one loan office in surrounding towns.  Richard Meginnis represented First State Bank and Sally DeLair represented the owners, Stone Ledge Village LLC in this transaction.

Look for another announcement regarding this area soon!

Former Hy-Vee Space Up for Sublease

The former Hy-Vee space at 70th & O Street is listed for sublease now by a local REALTOR.  Earlier in the year, rumors circulated about a gym (Urban Active Fitness) or various other businesses leasing the space.  But those deals must have fallen through. 

On a side note...Urban Active Fitness recently opened their first Nebraska location in northwest Omaha.  According to their website, Urban Active Fitness has plans to expand into 30 communities in 6 states by end of 2010, so maybe a Lincoln site isn't far off.

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!

We also wanted to let you know that our office will be closed at 5:00pm Wednesday, November 25th and will reopen for business on Monday, November 30th at 8:00am.

Our answering service will be available through our main number at 402-441-5800 and any emergencies will be handled accordingly.

Mutual of Omaha Insurance Co. Leasing Space in Commerce Court

NAI FMA Realty is pleased to announce that Mutual of Omaha Insurance Co. is leasing space in Commerce Court located at 1230 "O" Street.  Mutual of Omaha will be moving in by the end of the year.  Richard Meginnis and Tom Graf represented the landlord, Ameritas Life Insurance Corp.

Sam & Louie's Coming to Downtown

For those pizza lovers, I heard today that Sam & Louie's Pizzeria will be taking over Planet Sub's space on P Street. Lincoln is blessed with excellent downtown pizza options which include Yia Yia's, Valentino's, Old Chicago, Lazzari's, Suite 1 Pub & Pizza, Spaghetti Works and Papa John's. I say grab a fork and try a piece!

A sign indicated something new coming to former D'Leons/former Taco Bueno space. Maybe Planet Sub?? Just a thought.

Friday's Featured Listing - Former Pool Hall For Sale

The former Big John's Pool Hall at 399 Sun Valley Blvd. is for sale at $969,900. This well constructed building is situtated for many types of reuses and has a high parking ratio. For additional information or a tour, contact Marc Snow at 402-441-5819 or Sally DeLair at 402-441-5822.

Family Health Services, Inc. Opens at 630 N. Cotner

Family Health Services, Inc. has opened a 2,225 SF Lincoln office at 630 N. Cotner Blvd. They provide public health services to residents of southeast Nebraska. Chris Vasek and Marc Snow assisted the landlord while Sally DeLair represented Family Health Services, Inc.

Fuji Restaurant Now Open at 14th & Pine Lake Road

Fuji Sushi & Grill is now open in the Pine Ridge Retail center at 14th & Pine Lake Road. Their hours are 11am-9pm every night. A colleague of mine went today and thought it was excellent. So if you are in the neighborhood and like sushi, a must try!

OnTrac Messenger Relocating Lincoln Location

OnTrac Messenger, a courier service for letters and packages, is relocating their Lincoln location to 5600 N. 58th Street, Ste. 1. Richard Meginnis represented OnTrac Messenger on their new lease.

RAL Donates $2,100 to Food Bank/LPS BackPack Program

The REALTORS Association of Lincoln presented a $2,100 check to the The Food Bank and the LPS BackPack Program as part of the Make A Difference Day. The funds were raised from members of the Association, including associates from NAI FMA Realty.

Friday's Featured Listing - Historical Church For Sale

The Trinity United Methodist Church at 16th & A Streets is in the heart of the historic Near South neighborhood area and poised for many different uses. This unique property is for sale at $995,000 and includes the parking lot to the east of 16th Street and the playground area south of the alley next to 15th Street. The daycare building features a fully equipped kitchen. To take a tour, contact Mike Ball or Chris Vasek at 402-441-5800.

Record Number of Homes Under Contract for September 2009

The REALTORS Association of Lincoln is reporting the month of September 2009 had a record number of single-family residential listings under contract - 404 is the highest reported for a September. In speaking with a few residential REALTORS, they attribute a large percentage of these to the Home Buyer Tax Credit available for first-time homebuyers.

To further stimulate the housing market, Congress has recently passed legislation extending the home buyer tax credit through April 30, 2010 and expanding the credit up to $6,500 for current home owners purchasing a new or existing home between November 7, 2009-April 30, 2010. Visit with a REALTOR for more details on if you qualify for the credit.

Geithner Says Commercial Real Estate Woes Won’t Spark Crisis - Bloomberg.com

In remarks to the Economic Club of Chicago, Geithner said commercial real estate woes won't set off a new banking crisis. "That's a problem the economy can manage through even though it's going to be still exceptionally difficult." The global economy has accelerated since the worst of the recession and banking crisis last year, and Commerce Dept. reports show the economy expanded 3.5 percent in the third quarter. "You can say now with confidence that the financial system is stable, the economy is stabilized," Geithner said. "You can see the first signs of growth here and around the world."

Friday's Featured Listing - Office For Lease in Heart of Uni Place

An office/retail building located at 4720 Baldwin is for lease. The property includes a reception area, 11 offices, work room, storeroom, two ADA restrooms and conference room. Private parking stalls available along with public parking. Monument sign available. Property is also for sale. Contact George Hancock at 402-441-5810 for further details.

REALTOR® Magazine-MIT Index Says Commercial Prices Climbing

To read the article click here REALTOR® Magazine-Daily News-MIT Index Says Commercial Prices Climbing.

Nebraska Chapter of IREM Inducts Vyskocil

At the annual luncheon for the Nebraska Chapter 12 of IREM on October 22, 2009, Scott Vyskocil, Vice President of Property Management at NAI FMA, was inducted as the institutes' 2010 President-elect. Click on the link below to read the full article published by Midwest Real Estate News and who else was inducted as 2010 officers and presented awards. REJournals.com Congratulations Scott!

Study Recommends New Haymarket Garage

A Michigan consultant recommended to the city of Lincoln to put a new Haymarket parking garage on city-owned land at 7th & O Streets. Click here to read the full article share published by the Lincoln Journal Star on October 20, 2009.

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Friday's Featured Listing - Investment Property Near Downtown

If you are looking for an investment property, take a look at this retail/residential property at 11th & B Streets! Across from Everett School, the property currently has a salon leasing the street level space and the upper apartment is leased to a residential tenant. The salon space is a must see with tin ceilings, plankwood floors, stained glass windows and a newer HVAC. Call Sally DeLair 441-5822 or Marc Snow 441-5819 for additional information.

Billy Brown's Goes Dark

As I was coming back downtown late yesterday afternoon, I noticed Billy Brown's appeared closed and signs were down at the 1422 O Street restaurant. Well...Bizz Buzz confirmed my suspicion by reporting the same this afternoon. Just adds to the string of restaurants that have closed recently - Popeyes (14th & Pine Lake Road), Bennigans, etc.

Friday's Featured Listing - Small Downtown Retail Space

832 N Street is for lease and has available 1,760 sq.ft. at $5.00/sq.ft. plus utilities. Great smaller space with exposed brick and beams. Must come see! Contact Marc Snow or Mike Ball for additional information.

On a side note...the current tenant, Judah Caster Co., is moving at the end of November to 2300 Kimarra Street.

REALTOR® Magazine-Daily News-Plan Nears on Commercial Loan Mods

REALTOR® Magazine-Daily News-Plan Nears on Commercial Loan Mods

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Hyland Joins NAI FMA Realty

NAI FMA Realty is pleased to announce that John Hyland has joined its sales and leasing division as a Sales Associate. Hyland comes to NAI FMA after 40 years of working in the lumber industry.

A New Darling for 27th & Pine Lake Road

According to a building permit, the boutique called Divas & Darlings is moving from 27th & Jamie Lane to South Ridge Village at 27th & Pine Lake Road. The center includes tenants such as Starbucks, PetSmart, Chipotle and Fast Frame.

The Coffee Roaster Moves to New Location

Noticed yesterday that The Coffee Roaster has relocated to 5022 Old Cheney Road next to Unique by Design. According to their Facebook page they moved out of the Trade Center and opened the new location on September 21st. The Coffee Roaster roasts fine estate coffees and has just recently added a selection of organically grown loose teas.

Goodbye to Mexican Restaurant on S. 10th Street

It appears Lina's Mexican Restaurant, located at 10th & High Street, is closing (or has closed and I haven't noticed it on my way home). According to listings on Loopnet.com the property is available for lease and the business is also for sale. Lina's opened in late March of this year. The space had been previously King Taco and before that Taco Inn.

New Arena #1 Priority for Lincoln Chamber Members

The Lincoln Chamber of Commerce just released the results from a survey earlier this summer where 3,000+ chamber members were asked what their #1 priority is for the city of Lincoln. Nearly one-quarter responded with 50% saying they would prioritize a new arena as the #1 need for the city.

The breakdown is as follows:
New arena 50.5%
South Beltway 19.1%
Overall General Obligation Bond 18.2%
East Beltway 8.0%
Do nothing at all 4.2%

Friday's Featured Listing - 48th & O Street Retail

Retail space for lease at Lincoln's busiest intersection - 48th & O Streets! 1,225 sq.ft. up to 5,000 contiguous sq.ft. available in the center anchored by Target and Super Saver. Many recent updates. To tour the available spaces, contact Marc Snow at 402-441-5819.

NAI Global - Is This a Recovery?

NAI Global - Commercial Real Estate - Worldwide: "Robust Growth Will Follow Economic Recovery’s Slow Start, Says NAI Global Chief Economist Dr. Peter Linneman

The Great Recession has officially ended and recovery will be far more robust than anyone can imagine, according to a new white paper from NAI Global Chief Economist Dr. Peter Linneman. The economic recovery is examined and Dr. Linneman provides insight into the leading indicators that the market is stabilizing and investment activity is on the rise.

“Although the news continues to focus on the negative, the economy has bottomed and is on the road to recovery,” said Dr. Linneman. “Historically, the U.S. economy has rebounded in ways that were unimaginable at the time and usually within two years of a recession.”

Is This a Recovery?, NAI Global’s white paper, offers proof that the recession has come to an end and that recovery, however slow, is under way. Dr. Linneman discusses in depth the country’s current economic status, and provides historical evidence from past recessions to support his prediction of a robust recovery by 2012.

This latest white paper follows Overview/Analysis of the Government Stimulus Program, an examination of the federal government’s three major stimulus programs and their impact on the U.S. economy. NAI Global’s white papers and research resources are available for free download at www.naiglobal.com under Publications/Articles & White Papers.

Dr. Linneman is also Professor of Real Estate, Finance and Public Policy at the Wharton School of Business, University of Pennsylvania, and Principal, Linneman Associates."

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!

REALTOR® Magazine-Daily News-Fed Chair Says the Worst Is Over

REALTOR® Magazine-Daily News-Fed Chair Says the Worst Is Over

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Friday's Featured Listing - Office For Lease at 84th & Old Cheney

6 MONTHS FREE RENT WITH A 5-YEAR LEASE!!! Approximately 5,959 rentable sq.ft. available in fashionable new buildings at 5630-5640 S. 84th Street. Owner willing to divide space into smaller suites. Outstanding visibility! Overlooks Hi-Mark Golf Course and adjacent to hiker/biker trail. Contact Tom Graf at 402-441-5823 for additional information or to tour the space.

Lincoln City-County Planning Department Launches "ePlan"

In the August 2009 City-County Planning Department newsletter, Marvin Krout, Director of Planning, mentions some of the improvements recently instituted to help streamline and reduce costs associated with the planning process. One such improvement is the launching of "ePlan." Planning applications and attached drawings are now being submitted, reviewed, and processed digitally. Historically the applicant had to bring in 30 or more copies of large maps to the Planning office which then had to be mailed out for reviewers to comment on. Applicants now can also use the web to log in and see all correspondence on the applications.

The Mayor's office, City Council and Planning have all recognized the need for change and hopefully this is a step in the right direction.

Commercial Real Estate Market Lagging in Lincoln

The Journal Star reported that the local commercial real estate market is still lagging behind the residential market which has seen a boom over the past couple of months. Richard Meginnis is quoted in the article along with data from NAI FMA Realty's 1st Half 2009 Market Report. Read the full Journal Star article from August 23, 2009 by clicking here share.

You can download the 1st Half 2009 Market Report by going to our website at www.naifmarealty.com.

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Friday's Featured Listing - Retail Space For Lease at 48th & Vine Street

1,100 sq.ft. available for lease in a high traffic area near 48th & Vine Street. Former nail salon for the past 11 years. Be close to Outback Steakhouse and Ace Hardware. Contact Sally DeLair at 402-441-5822 to tour today!

TALF program for CMBS extended - Chicago Real Estate Daily

TALF program for CMBS extended - Chicago Real Estate Daily

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BKD, LLP and Hartford Life Moving To Wells Fargo Center

BKD, LLP is expected to move into their new offices at the Wells Fargo Center early next week. David Froscheiser with Hartford Life, has opened an office in the building as well. NAI FMA and Ameritas Life Insurance Corp. welcomes both of them to the building!

Friday's Featured Listing - Small Northeast Industrial Space for Lease

4231 Progressive Ave. #1 is available for lease at $595.00/month plus utilities. 1,500 square feet includes shop area, 3 offices, one OH door and 3-phase power. Contact Chris Vasek at 402-441-5833 for additional information or to tour the space.

Madonna TherapyPlus Moving to Grand Manse

Madonna TherapyPlus has moved their downtown location to the Grand Manse building at 129 N. 10th Street. For more information on their services, visit http://www.madonna.org/. Chris Vasek and Hank Woods represented Madonna in this lease transaction.

REALTORS Participate in 2009 Paint-A-Thon

The REALTORS Association of Lincoln had a team of commercial (including me) and residential REALTOR volunteers who painted a home at 5401 Pioneers Blvd. the week of August 8th as part of the 2009 Brush up Nebraska Paint-A-Thon. This community-based volunteer program paints roughly 40-45 homes annually of low-income elderly and disabled homeowners. RAL has organzied a team of volunteers for more than 15 years. I find this very rewarding and have been a part of the team since 2000! To learn more about Paint-A-Thon and/or how to apply for assistance visit the website www.brushupnebraska.org.

Rocket Fizz to Open Store in Lincoln

Lincoln's newest retailer, Rocket Fizz, will be opening a shop on the corner of 1501 Pine Lake Road in the former fitness space. Rocket Fizz Lincoln, though associated with a store that opened earlier this year in Camarillo, California, is independently owned and operated by Christi and Damian Barton. The shop, expected to be open by mid to late August, will feature over 500 flavors of soda, a variety of retro candies and novelty items. Definitely a place children of all ages will want to visit!

Friday's Featured Listing - New N. 84th Street Office/Retail Building For Sale

8521 Lexington Ave. is a recently constructed two-story office/retail building for sale. Zoned B-2. Building can accommodate a 5,994 sq.ft. user (4,292 sq.ft. on ground level and 1,702 sq.ft. on upper level). Design your own space! Close to amenities such as shopping and restaurants. Easy access to Interstate 80. Contact Tom Graf at 402-441-5823 for additional information or a tour.

NAI PowerSale Update-Bidding Opens Today on 70 Properties

Bidding opens today on more than 70 properties in NAI Global's second commercial property PowerSale. Online bidding is open until 1PM (EDT) July 30, 2009 for auction properties. Sealed bids are due 1PM (EDT) July 30, 2009. For a complete listing of properties or further information, check out the website at http://powersale.naiglobal.com/.

Retailers Report Sales Decline

Retailers in all sectors reported a sales decline in June - a sharper decline than expected. Even Nebraska-based retailer, The Buckle, Inc., who seemed to be weathering the weak economy well saw it's double-digit growth slow last month. Source: www.forbes.com

Strong Commercial Market Vital to Economy

Read more on how the commercial real estate sector plays an important role in our national economy - REALTOR® Magazine-Daily News-NAR: Strong Commercial Market Vital to Economy

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Friday's Featured Listing - Retail/Office space at 33rd & Cornhusker Hwy.

Come be a part of the retail strip center, Towne & Country Plaza, located at 33rd & Cornhusker Hwy.! Only a few spaces remain - 1,560 square feet up to 1,820 square feet. Excellent visibility with traffic counts over 37,000 vpd for Cornhusker Hwy. and over 10,000 vpd for N. 33rd Street. Join other successful tenants such as the Nebraska Safety Council, Stylish Nails, Kash Salon, Patio-Ponics and Ace Cash Express. Contact Marc Snow or Michael Ball at 402-441-5800 to tour the spaces or for additional information.

Lincoln's Office Space Vacancy is Increasing

View the video of our very own Tom Graf, Sales Associate, being interviewed by Jason Volentine, a KOLN/KGIN reporter, on the status of Lincoln's office market. Lincoln's Office Space Vacancy is Increasing (Please scroll up after clicking on the link to get to the video.)
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Lincoln is 72nd largest city in U.S.

Lincoln has become the 72nd largest city in the U.S. according to the 2008 U.S. Census Bureau by hitting the quarter-million mark in population. This milestone hopefully will garner more attention for Lincoln from developers and companies looking to locate in cities larger than 250,000.

Friday's Featured Listings - Warehouse Spaces at 35th & Cornhusker Hwy.

3321 N. 35th Street is a 6,000 sq.ft. free-standing warehouse with 1 overhead door and nice office area. Possible access to adjacent yard if needed. Asking $4.75/sq.ft. NNN.

3300 N. 35th Street has 13,000 sq.ft. available at $3.95/sq.ft. NNN. Space includes 1 overhead door and 2 docks.

Contact Sally DeLair, NAI FMA Realty at 402-441-5822 for additional information or to tour either of these buildings.

Tools for Your Toolbox - U.S. Small Business Administration

Small businesses are critical to the strength of our local and national economy. At the monthly meeting for the Commercial Brokers Committee of the REALTORS Association of Lincoln, Michael Niehaus, Lead Lender Relations Specialist of the U.S. Small Business Administration, spoke about the various programs and services they provide to small businesses. If you are looking to start a business or desiring to build and grow your small business, be sure to check out what SBA can offer at www.sba.gov/ne or contact your local lender.

FREE Web Conference on New Insights into the Economy

Dr. Peter Linneman, Chief economist for NAI Global, will provide new insights into the economy - June 30th web conference. Space is limited, so go to www.naifmarealty.com to register for this free web conference.

Tools for Your Toolbox - Where can NAI FMA Realty help me with property?

NAI FMA Realty is licensed for the state of Nebraska and can help you with any commercial real estate property throughout the state but through our affiliation with the NAI Global network, we can assist you with property all over the world. Where can we help you next?

Friday's Featured Listing-Office Space Available at 70th & Pioneers

Ground floor office space of 3,100 sq.ft. available in Elizabeth Park Office building at 70th & Pioneers. Very competitive lease rate at $13.50/sq.ft. NNN. Many amentities nearby such as shopping, restaurants and services...many within walking distance! Contact Tom Graf or Richard Meginnis at 402-441-5800 for a tour or additional information.

Woods Added to Lincoln Community Foundation Board

Hank Woods, Sales Associate, has recently joined the Lincoln Community Foundation Board of Directors. You can read more about the Lincoln Community Foundation by visiting their website at www.lcf.org.

Friday's Featured Listing-Retail Space in Ashley Heights

Excellent retail opportunity in growing area of Ashley Heights off of NW 48th & Huntington Ave.! 1,100-1,700 sq.ft. available. Drive-thru capability. Pad site available for potential bank, credit union or pharmacy. Call Sally DeLair today at 441-5822 for more information.

Tools For Your Toolbox - What are "Triple Net (NNN)" charges?

Triple Net (NNN) charges, are expenses the tenant is required to pay, in addition to a fixed rent amount. Triple nets are annual operating expenses of a leased property and include real estate taxes, insurance, and common area maintenance, etc. Typically a tenant's portion of the triple nets are based on the amount of square feet leased. These expenses can be referred to as "triple net", "net net net", "net" or other terms depending on which state you live in.

Salon Vibe Opens at 2140 Winthrop Road

Salon Vibe leased 1,300 sq.ft. at 2140 Winthrop Road. Sally DeLair and Marc Snow represented the landlord.

New NAI Member

NAI Halsey in Jonesboro, Arkansas has joined the NAI network. Their territory includes counties of Craighead, Greene and Poinsett. The NAI Global network can assist you with all of your commercial real estate needs in that area or around the world.

Why Use a Tenant Representative?

Are you looking to relocate, consolidate, sublease, acquire new space or dispose of excess space? For most companies this is not an every day occurrence but a task possibly every 3 to 5 years or more. But before beginning this process, ask you yourself if you have the time and expertise to research the market of available opportunities? Do you know the market leasing rates and incentives being offered today? Do you have the time and expertise to negotiate with landlords while handling all of your other job responsibilities? If you answered no to any of these questions, then consider engaging a tenant representative to work on your behalf.

The leasing process is generally a complex, time-consuming task and full of potential problems. Hiring a good tenant representative can eliminate many of the hassles, save you a substantial amount of time and generate cost savings.

What are some of the benefits to using a tenant rep?
- Acts as your guide through the leasing process
- Analyzes your space needs to avoid leasing too much or too little space
- Shares their knowledge of asking rates and incentives available in the market
- Assists in negotiations to obtain terms that meet present and future needs of your business and avoids critical mistakes
- Serves as a buffer between you and the landlord to keep your relationship with the landlord cordial
- Handles the paperwork necessary to complete the transaction and other details of lease negotiation

Your primary business is running your company. Allow a tenant rep to help you find the right space with the best possible terms and conditions and save you time and money. Call today for a free copy of an Office Space Planning Checklist.

Panera Bread to Open in Downtown Lincoln

Panera Bread signed a lease to open a bakery-cafe in downtown Lincoln in the first floor of the Arbor Day Plaza on the corner of 12th & P streets. Tom Graf represented the landlord, the Arbor Day Foundation.

Noble Spine Centre, P.C. to Open at 70th & Pioneers Blvd.

The Noble Spine Centre, P.C. is set to open a new location at 4220 Pioneer Woods (70th & Pioneers Blvd). Marc Snow represented the landlord.

Dietze Music to Relocate to 48th & Hwy. 2

Dietze Music has signed a lease to relocate their south Lincoln store to the Briarhurst Center at 48th and Hwy. 2 in the former hardware store space next to Earl May's. Dietze will occupy close to 6,000 square feet. Tom Graf, Marc Snow and PrimeSites represented the owner.

Emerald Care Company Purchases Medical Office Building

Emerald Care Company purchased in March 2009 a 15,649 square foot medical office building at 2355 Superior Street. The building will be renovated to house an assisted living facility for alzheimer's and dementia residents. Richard Meginnis and Hank Woods represented the seller.

NAI Global Ranked #4 in Top Brokerage Survey

NAI Global has been ranked 4th on the National Real Estate Investor's (NREI) top 25 Brokerage Survey. The ranking is based on the total dollar value of leasing transactions and investment sales globally in 2008.

Forbes Magazine Ranks Lincoln 5th for Business and Careers

Lincoln was recently ranked 5th out of the largest 200 metropolitan areas in the U.S. for being one of the top communities for business and careers by Forbes Magazine.

O Street Property with Great Visibility For Lease

NAI FMA Realty is pleased to present a property located on the corner of Cotner and O Street (5730 O St) for lease. Great visibility with combined traffic counts of over 50,000 cars per day! Contact Chris Vasek or Richard Meginnis at 402-441-5800 for a showing today.

New Dental Practice in Waverly

Apollo Dental opened a new 1,200 sq.ft. office at the newly built Amberly Crossing retail center in Waverly with the assistance of Hank Woods.

Industrial Property Sold

NAI FMA Realty represented Price Investments Limited Partnership in the sale of a 16,250 sq.ft. industrial building on 2.7 Acres located at 6310 N. 56th Street in Lincoln, Nebraska to Dealer Sites LLC out of North Dakota who represents Titan Machinery. Sally DeLair and Chris Vasek represented the seller.

NAI FMA Realty and Wells Fargo Center Announce New Tenant

NAI FMA Realty is proud to announce that BKD, LLP has signed a long-term lease to occupy 15,000 square feet on the 10th Floor of the Wells Fargo Center, a 260,000 square foot Class A office building in downtown Lincoln. Norman Hedgecock, Managing Partner of BKD, LLP for the Nebraska practice unit, said, “The Wells Fargo Center is one of the premier buildings in downtown Lincoln and we are excited about moving our office to this facility.” BKD, LLP, headquartered in Springfield, Missouri, is one of the 10 largest CPA and advisory firms in the U.S., and provides expertise in consulting, tax, assurance and accounting outsourcing solutions to businesses, governmental entities, not-for-profit organizations and individuals. BKD’s services are provided by 2000+ CPAs, advisors and dedicated staff in 31 offices located in 12 states. Since opening the Lincoln office in 1985, the firm has grown to 75 people. The new office in the Wells Fargo Center will be ready for occupancy in August 2009.

In addition, to accommodate BKD, NAI FMA will be relocating their office to the north end of 5th Floor and take the remaining available space. According to NAI FMA’s Chairman, Tom Ball, “We're excited to have BKD join our prestigious list of tenants in the Wells Fargo Center. NAI FMA is pleased to be a part of this transaction because of our commitment to the Wells Fargo Center, Ameritas Life Insurance Corp., and downtown Lincoln.” 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, property management, facility maintenance, and contract coordination.

Richard Meginnis and Tom Graf of NAI FMA brokered the lease on behalf of the landlord, Ameritas Life Insurance Corp. For leasing inquires at the Wells Fargo Center, please contact Richard or Tom at 402-441-5800 or visit www.naifmarealty.com.