Survey

REcent experiences have provided a good remonder to me about the value of a quality survey of a property- whether your are a buyer or a seller. Having a survey completed before entering a transaction will save you time and money.
When we are listing property for sale- we always recommend completing survey before we go to work on marketing the property. The surevey is a good caption of what is being sold.

For more information- contact the web site for the Minnesota Society of Professional Surveyors- www.mnsurveyor.com

Lakeville Commercial Real Estate Market strong !

The Lakeville area has seen unprecedented absorbtion of Commercial / Industrial space. Leasing and sales have accounted for the following:

Sold ! – 6500 sq ft Office / shop

Leased – 67000 sq ft office / shop / warehouse

Sold! – Trucking facility on 5 acres

Sold! – 10,000 sq ft Office / shop

Leased 2400 sq ft Sub tenant

Under contract – 250,000 sq ft Manufacturing Plant

Sold !- 30,000 sq ft Woodworking / Mnaufacturing Plant

New construction projects begun in the last month include:

Imagetrend 2 story office buiding addition- under construction

Immanuel Dental Office – new facility- under construction

Numerous office and plant remodeling projects – under construction

APPRO has also just completed construction on a new 4 story hotel in Minot North Dakota.

Please contact APPRO Development, Inc and CERRON Commercial Properties, LLC to assist you with ALL of your Real Estate needs !!

Groundbreaking Ceremony – New Building Construction in Farmington for Immanuel Dental

A groundbreaking ceremony was held on Friday, August 5th for the construction of a new 3,000 sq. ft. office dental building in downtown Farmington for Immanuel Dental. Construction is anticipated to be complete by mid November for Dr. Linden Dungy to be open for business.

APPRO Development is providing the design build general contractor services for the project. Looking to build a new building or expansion? Contact APPRO Development today to get started!

New dental clinic in downtown Farmington!

APPRO Development is the design build general contractor for this new dental facility.

APPRO Development is proud to announce that the construction of a new dental clinic in Farmington, MN has started. Immanuel Dental will be moving from their current location at 511 Elm Street to their new location at 321 3rd Street upon completion of the project. This new building will be positioned between Gossips Bar and Grill and the Farmington Steakhouse. Construction is anticipated to be complete mid November.

APPRO Development is the design build general contractor!

Minnesota—the place to do business and still have other things to do!

Minnesota is land of 10,000 lakes (actually 11,842 over 10 acres), elongated “o’s”, and notoriously cold winters but was recently was praised for yes, a great place to do business. Minnesota has more Fortune 500 companies per capita. These innovative businesses are not only home grown like 3M and Medtronic, but also home to several international companies who have decided to locate here as well. Minnesota invests in education, has a high work ethic, a diverse business base and strong transportation infrastructure such as the Mississippi River, 23 rail lines, 2 international airports, and a highway system linking either coast. Read more by clicking this link

The other reason people like it here are our high quality of life. From the Broadway theater productions in downtown Minneapolis to Voyageurs National Park you can always find something to do and still breathe the air.

Minneapolis Skyline

On time Construction Services Pay off in Helping the Community

APPRO Development is providing construction management services for the Souris Valley Suites Hotel in Minot. Due to the recent flooding in Minot emergency workers have come to the city to aid in the cleanup. With rooms in short supply due to the flooding any available accomodations are welcome. Read press release below:

FOR IMMEDIATE RELEASE

Contact: Terry Alexander

Souris Valley Suites – Minot ND

800 37th Ave SW

talexander@dorahg.com

701-858-7300

www.sourisvalleysuites.com

Souris Valley Suites – Minot Opens Its Doors for Emergency Personnel

(Minot, ND)(Tuesday, June 28th, 2011) – Joel Feist with Real Builders, Inc. in Minot, North Dakota announced today that the Souris Valley Suites Hotel is nearing completion. The Souris Valley Suites is a Brand New Extended Stay Hotel.

With the cooperation of the City of Minot, the Minot Convention & Visitors Bureau (CVB), and the Ward County Sheriff’s department the Souris Valley Suites was able to open its doors earlier than scheduled to house emergency personnel to help fight the flood. “We were very excited to help the city of Minot in its time of need,” says owner Joel Feist. “The hotel is still a construction site, but we saw an opportunity to help the community and the City of Minot officials agreed with us, granting a temporary Certificate of Occupancy for the next 2 weeks,” Joel continued.

Amazingly, the owners and operators of the Souris Valley Suites Hotel have agreed not to charge for any of the rooms being used. “We can worry about the business later. Right now we would like to concentrate on helping the community in this time of need,” says Joel. “This is a great opportunity for the Souris Valley Suites to become an immediate fixture in the community,” says Vincent Dora, Vice President of Dora Hospitality, a partner and the management company of the new hotel. “We are working very hard with Mr. Feist to make sure that the volunteer’s that have come to help the City of Minot has every conceivable amenity and are as comfortable as possible while staying in the hotel, while it continues to be built.”

“The Minot CVB would like to thank the people at the Souris Valley Suites for all they have done to help the city during this time. With high occupancy in Minot, locating hotel rooms can be a challenge and Souris Valley Suites stepped up to the plate in a big way,” says Minot CVB Executive Director Wendy Howe.

About the Souris Valley Suites

Comfort and convenience are always important in a hotel, especially when you’re planning to stay a while. The all-suites extended stay Souris Valley Suites in Minot, North Dakota, was designed with the needs of extended stay guests in mind. The rustic lodge décor creates a warm and inviting environment and a residential atmosphere that is enhanced by the friendly North Dakota personalities of our helpful staff.

Each of our 89 studio and one-bedroom guest suites are equipped to ensure a comfortable and rewarding extended stay. Each suite includes a full kitchen, quality bath amenities, and wired and wireless high speed internet at our hotel in Minot, ND. Start your day on the right foot with a complimentary hot breakfast buffet. Utilize our 24 hour business center to put the final touches on any project. Other onsite amenities at our Minot hotel include our Grilling Pavillion, Evening Managers Reception, Bakkan Lounge, Fitness Center, and Valley Market where you can purchase an array of items that you may need during your stay.

Additional Information may be found at www.sourisvalleysuites.com as well as http://dorahospitalitygroup.com.

Commercial Office Design: How to Build a Better Office

Commercial Office Design

office design - image source-jeremylevinedesign Office Design – Image Source: Jeremy Levine Design (via Flickr)

This article on commercial office design is now three years old but still valid, so I thought I would post. The article is food for thought when considering an office remodel project. Helpful tips on why some office designs differ from than others. Some of the ideas and comments in the article cater to large scale offices but some tidbits can be gleaned for almost any office layout regardless of size. Here’s the link to the article by Jane Hodges:

http://www.janehodges.net/?p=39

Not sure where you fit in to all this information, we can help. Contact APPRO and we’d be happy to review your plans with you.

Image Source License.

Commercial Real Estate Financing is Back in the Twin Cities!!

After a three year hiatus – we would like to report recent contacts from both the banking and institutional lending communities looking to place capital in the commercial / industrail markets.

Refinancing, new mortgages, additions and construction financing are all eligible uses for these funds.

Institutional sources look to provide long term (15 to 25 years) permanent fxed rate financing. Current rates for commercial / industrail projects and re-fi are 5.5 to 6.25 % – fixed for the term. Some non – recourse loans are being considered again. Target loan amounts 3 million and up.

Banking sources are looking to provide construction and permanent financing. One bank shared – they look to place over 90 million dollars in commercial real estate in the next few months ! Target loan amounts 1 to 5 million.

Please call us at APPRO / CERRON – and we’d be happy to point you in the right direction for your consideration of any of your loan needs !

REFINANCING / REMODEL REFINANCE / NEW CONSTRUCTION

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Have the Federal tax credits for energy efficient products been extended for 2011?

On December 17, 2010, President Obama signed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. This law extends the tax credits for energy efficiency into 2011, BUT at lower levels. The levels revert back to those in effect in 2006 and 2007, which were 10% of the cost of the improvement, up to $500, with a $200 max for windows, and several other set maximums. Info per the EPA.

Highlights:

10% up to $500 for insulation, roofs, and doors.

Windows capped at $200, but qualification now ENERGY STAR

Furnace and boilers capped at $150, and all furnaces and boilers must meet 95 AFUE

$50 for advanced main air circulating fan

$300 for air conditioners, water heaters, and biomass stoves

$500 lifetime limit. If you got over $500 in these tax credits from 2006-2010, you are not eligible for anything more.

Note these credits are for energy efficient home improvements and typically cannot be claimed by a company or corporation on commercial property. This information does not include available rebates from your utility provider.