How will Title III Ruling effect Real Estate

November 2, 2015

Within 180 days the just passed Crowd funding rules of Title III will take effect that just basically will allow the average person, with the cash to fiance public companies, with out going through the public registration process.

Here is a story that speaks to the basics

http://www.entrepreneur.com/article/252315

Real Estate investment I think, will be a large part of the investment people flock to. See these two links for more informaiton

http://www.entrepreneur.com/article/232717

http://rismedia.com/2015-11-01/title-iii-ruling-to-effect-real-estate-market-3-experts-weigh-in/

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Highlander project could be ‘game-changer’ for north Omaha

October 9, 2015

 

A good story By Christopher Burbach / World-Herald staff writer about The nonprofit 75 North Revitalization Corp. will erect 16 buildings containing a combined 109 apartments straddling North 30th Street, on the former site of the Pleasantview Homes public housing project.

http://www.omaha.com/news/metro/highlander-project-could-be-game-changer-for-north-omaha/article_47bafa95-f2d5-5d00-a260-10d2dd5c5e2d.html


Real estate office gets space in downtown Omaha

September 8, 2015

A real estate office has opened in a retail bay of the 1501 Jackson apartments in downtown Omaha.

The staffs of Seldin Co. and World Group Commercial Real Estate, which are affiliated, will provide services related to apartments and retail and office space.

Jeff Beals, vice president of World Group, said the new 2,615-square-foot office marks another step in the evolution of downtown Omaha.

For years, he said, many viewed the Old Market as the hub of shops and retailers. But with more apartments and downtown living, Omahans are beginning to see service-related businesses beyond restaurants and novelty shops and also beyond the boundaries of the Old Market.

The Seldin and World Group office is on the ground floor of the 75-unit 1501 Jackson apartment building, which opened last year and is named after its intersection.

“It’s a sign that Omaha is maturing,” Beals said. “We’re starting to see a full range of businesses come in, and this is certainly indicative of that.”

About 15 Seldin employees, previously scattered at various spots, will be based at the office to manage six downtown apartment properties, including the Limelight, Barker Building, 1501 Jackson and the still-under-construction Corvina and Flatiron units.

World Group brokers will have a rotating presence at the office, and at least one will be there on a daily basis. The downtown office will be open weekdays until 5 p.m.

World Group and Seldin each are headquartered in west Omaha. World Group is a full-service, commercial real estate firm founded in 1997 that provides sales, leasing and property management. In 2011, it became an affiliated company of Seldin, a diversified real estate management, development and construction organization founded in 1923.

Contact the writer: cindy.gonzalez@owh.com, 402-444-1224


Portfolio of retail centers include two Omaha centers

August 20, 2015

Denver-based Baceline Investments LLC has acquired a portfolio of 10 neighborhood retail centers totaling approximately 418,000 square feet for $33 million.

The portfolio includes Park Center, a 105,032-square-foot center located in Memphis, Tennessee; Shoppes of Loveland, a 64,607-square-foot center located in Loveland, Ohio; Turfway Towne Square, a 55,168-square-foot center located in Florence, Kentucky; Mainline Plaza, a 42,182-square-foot center located in Belleville, Illinois; Fort Plaza, a 39,994-square-foot center, and Weber Place, a 38,802-square-foot center, both located in Omaha, Nebraska; Midway Plaza, a 27,200-square-foot center located in Fairview Heights, Illinois; Noland View, an 18,480-square-foot center located in Independence, Missouri; Holly Hills, a 16,847-square-foot center located in St. Louis; and Eagle Creek, a 9,239-square-foot center located in Indianapolis.


Mall of the Bluffs did not sell at Auction

August 6, 2015

The 491,900 square foot mall in Council Bluffs that was built in 1986 and the main shopping area for many years now sits mostly empty. It went up for auction last week with a opening bid at only $1.5 million and reached a top bid of $4.5 million but that was not high enough for the reserve that was set on the property so it did not sell at auction. The owners still have the property for sale.

This property sits near the interstate and Madison Ave. in Council Bluffs, Iowa here in the Omaha metro.


Be smart, check your zoning rules first

March 27, 2015
When purchasing or leasing a property for a business, the location often is more important than all the other features and price. However, new business owners, in particular, may sometimes fail to determine if the zoning for the building meets their company’s needs.
Re-zoning a property can be a costly and time-consuming process. By doing some initial research, you can confirm – before you purchase or lease, that the property’s zoning meets your requirements.
Check with  the local municipal offices. Municipal offices will have all the documentation on your building’s zoning restrictions. .
Review the municipal building plan. Building plans are established to encourage the development of business in the surrounding area.
Variances and exemptions happen, you may find that zoning rules conflict with your plans for the location. In this case, it’s wise to have an alternate site in mind. It can take a lot of time  to re-zone a property, and you risk being turned down after every appeal.

PropertyBanc and World Group Merge

March 27, 2015

World Group Commercial Real Estate is combining operations with PropertyBanc, Inc.
effective Monday, March 16th, according to World Group president Kevin T. Rhodes, CCIM.
The merger allows the two Omaha-based companies to better serve commercial real estate
clients in Nebraska and Iowa.

 
The combined firm will be known as World Group Commercial Real Estate and will operate in
World Group’s existing Omaha office at 780 North 114th Street in the Miracle Hills area.
PropertyBanc’s president and founder, Ray Trimble, will be joining World Group as vice
president and associate broker.

Four additional PropertyBanc professionals are also joining World Group including  Michael Donovan, Jeff Konen, Dave Grosz and Jerry Culver.

Trimble founded PropertyBanc in 1997. The full-service commercial real estate firm has been
located inside the historic Omar Building at 4383 Nicholas Street.

World Group is a full-service commercial real estate firm with offices in Omaha and Des
Moines, Iowa. The company specializes in sales, leasing, property management, development
consulting and real estate asset management and supervises more than 3.5 million square feet of
property throughout Nebraska and Iowa. World Group is a member of the Omaha-based Seldin
Organization, which consists of five affiliated real estate companies operating in eight states.