NREI had the opportunity to talk to Ruchard Barkham, Ph.D., executive director and global chief economist at commercial real estate service firm from CBRE to discuss the United Stated Commercial Real Estate Market in 2016. Richard believed that the Fed will raise interest rates in December. He expects to see them gradually rising over the next three years. Barkham does not, however, believe that this will greatly impact commercial real estate. "The rates will be low and measured" Barkham says. "We have had low rates for seven years. There might be some volatility around the stock market, but the key drivers in real estate markets are GDP growth and confidence, and they are still pretty high at the moment. There [...]
Doug Brockhouse represented the owner of the Jessica Avenue Truck Stop as he sold the building. Reggie Kuipers represented the buyer. The building is 12,500 sq. ft. and is located at 4001 N Jessica Avenue. The buyer intends to use the property as an investment.
Doug Brockhouse, one of Bender Commercial's principals and industrial specialist, was featured on the Argus Leader's local, interactive, online talk-show, 100 Eyes, hosted by Editor Patrick Lally. Doug sat down with 100 Eyes on February 27th to discuss our upcoming Market Outlook presentation (given on February 28th). Click here to watch Doug's appearance.
Bender Commercial Real Estate Services was voted the Best Commercial Real Estate Company in the Sioux Falls Business Journal's 2012 Readers Choice Awards contest. This is the fourth consecutive year that Bender Commercial has earned this distinction. Click here for a complete list of the 2012 Reader's Choice winners.
Rob Fagnan recently leased 4,000 sq. ft. of space located at 3908 North National Avenue. The tenant occupying the space is the South Dakota Baseball Academy.
Rob Fagnan and Doug Brockhouse recently closed on a small parcel of light industrial land located at 4613 North Hillcrest Avenue. The property was sold to Walter Ree Masonry Construction for the purposes of expanding their existing property.