ICSC Hosts Four Members of Congress at RECon

ICSC Hosts Four Members of Congress at RECon – to Learn More about the Retail Real Estate Industry

ICSC – (International Council of Shopping Centers) mission is “to advance the shopping center industry and to promote its role in the commercial distribution of consumer goods and services.” ICSCLogo_Member_1

ICSC’s annual RECon event in Las Vegas, welcomed four members of Congress, who attended to learn more about the retail real estate industry and share their insight on the tax reform debate currently underway on Capitol Hill. House Majority Leader Eric Cantor (R-VA), Congressmen Richard Neal (D-MA), Jim Renacci (R-OH) and Steve Womack (R-AR) each took a tour of the show floor and met with ICSC members to hear about issues impacting their businesses. All were impressed with the size of the show and level of business activity taking place.

On May 18, Reps. Neal, Renacci and Womack participated in a panel discussion on tax reform. They explained that while ideas are still being discussed within each party, now is a critical time for ICSC members to talk to members of Congress about provisions that are central to the retail real estate industry, such as capital gains treatment, the ability to deduct the interest on commercial debt or the like-kind exchange rules. During the Q&A session, ICSC members expressed their concern about having a repeat of the 1986 Tax Reform Act that devastated the retail real estate industry. The congressmen encouraged ICSC members to meet with both their legislators and staff to share examples of how different components of the tax code are used in actual projects and how the elimination of certain incentives would have impacted those projects. Such efforts will make those tax provisions more tangible to legislative offices.

Roz Peterson is a retail real estate professional who is an active member of the International Council of Shopping Centers (ICSC), and a licensed commercial real estate sales person with CERRON Commercial Properties. Roz has been in the commercial real estate business since 1990 and worked as an agent since 2006. She specializes in the south metro Twin Cities market across all product types, conducting Landlord Representation, Tenant Representation, Sales, Lease and Broker Price Opinions. Roz is a member of MSCA, ICSC, CCIM Minnesota-Dakotas Chapter, MNCAR, MNAR, NAR, Apple Valley, Burnsville, Dakota County Regional and Lakeville Area Chambers of Commerce, and is a CCIM (Certified Commercial Investment Member).

To contact Roz, please complete the following information

Commercial Real Estate Activity: South Metro, MN

Commercial Real Estate Activity: South Metro, Minnesota – CERRON Commercial Properties

 

commercial real estate activity by CERRON Commercial PropertiesCERRON Commercial Properties summarizes commercial real estate activity in the south metro area. The team at CERRON has been very busy lately with commercial lease and sale activity. Here are just a few of the properties we have recently helped property owners to lease or sell (click on any address or phase to link to more information on that particular property):

  • Industrial Building at 8860-70 Wentworth Avenue, Bloomington with outdoor storage and on rail – CONTRACT PENDING
  • Industrial Building in Farmington located at 22098 Canton Court with outdoor storage – CONTRACT PENDING
  • Clean Industrial Manufacturing Building located at 21860 Hamburg Avenue, Lakeville – on rail with silos, skylights & much more – LEASED
  • Office Warehouse space located at 5708 Upper 147th is FULLY LEASED
  • New Construction Office Warehouse Spaces located at the Apple Valley Business Campus – Phase I and II – FULLY LEASED
  • New Construction Office Warehouse Spaces located at the Apple Valley Business Campus – Phase III – Partially LEASED

We have many new listings coming on to the market each week as well. These can be found on the main page of our website, or by clicking HERE.

 

HAVE A PROPERTY TO SELL OR LEASE?

Are you a property owner and need to lease or sell your property? Contact our expert team, by filling out the form below. Our team will assist you with ALL the necessary steps to get you the results listed above.

Manufacturing Construction Updates

Manufacturing Construction Updates: A Current Perspective on U.S. Manufacturing & Industrial Facilities

Manufacturing Construction Updates discussed by Kathy Morse“Manufacturing is coming back to the U.S., both in terms of jobs and demand for industrial facilities,” according to Robert Carr, in his recent article, “Manufacturing Sector Benefits from Hi-Tech Efficiency” in the National Real Estate Investor (NREI). This is an insightful article for both the manufacturing industry and for our organizations – APPRO Development, Inc. and CERRON Commercial Properties, LLC, as a commercial building services providers to the manufacturing industry. Some of Carr’s key points are:

  • We will see a larger number of manufacturing facilities in the years ahead
  • Larger, aged manufacturing facilities have [and will continue to] become functionally obsolete
  • [Many of] the new properties will…consist of expansions by current companies
  • The U.S. remains a manufacturing powerhouse today and that the trends we are seeing take shape in the market decidedly favor manufacturing
  • The manufacturing sector is actually above pre-recession volume (in terms of dollar value before and after the recession for the value of construction)

We are working with many business owners – in manufacturing, and other industries – who account for this improvement. Whether the need is to build a new facility, to add on to an existing site, or simply remodel, we help walk our clients through all their options. They have the information they need to then make the decisions to bring continued success to their organization. If you have considered a change in your building (manufacturing, industrial or other commercial building type), and want more information on current commercial construction trends, please give our team a call. We can help walk you through the process. Our process starts with a simple phone call or email, and we can guide you from there. No pressure, no stress – we are here to help! Give us a call today at 952-469-9444.

Commercial Project Updates: Lakeville, MN

Commercial Project Updates by APPRO Development, Inc. – Lakeville, MN

APPRO Development, Inc. has launched a variety of new projects in Lakeville, MN over the past month. Two projects I am currently managing, include: Recycle Minnesota (a subsidiary of Dick’s Sanitation) and ProRail AMVAC II.

Recycle Minnesota (an expansion project for Dick’s Sanitation): The project consists of a 34,170 SF renovation of an existing office warehouse building into a recycle facility. The scope of this project will include new dock and doors and conveyor pits. Additional components of this project to include: excavation, sawcutting, HVAC, and sprinkler systems. Dick’s Sanitation and its new Recycling Center are located in Lakeville’s Airlake Industrial Park. This is one of the largest industrial parks in the state of Minnesota. You may see details and follow the progress of this project HERE.

 

 

ProRail AMVAC II: This project consists of remodel and expansion work to increase the existing 8 – 10,000 gallon tanks by adding another 8 tanks for a total of 16 tanks on this site. Additional work on this site to include: concrete, process piping, caulking and electrical among others. You may learn more about this project or see more details HERE.

If you have a question about the maintenance of your existing building, or are considering a building project and need a quote, please consider calling or emailing us. We are happy to help you with your building needs!

Commercial Building – Suggested Maintenance Checklist

Commercial Building – Suggested Building Maintenance List

Commercial Building Maintenance - Lakeville Driveway Project 09122013 (1)Commercial building ownership comes with a long list of maintenance items to keep your building in the best possible condition. We understand you are proud of your investment. So, the team at APPRO Development created a “Suggested Maintenance / Service Letter.” We provide this letter to each of our building owners upon the completion of the construction of their building, addition or expansion project. We hope this will serve as a starting point to keep new buildings in optimum condition.

You may see the checklist by going to our “Resources Page” or clicking on the link HERE (the Building Maintenance Form can be found under “Resources for Building Owners”).

You have made a significant investment in the construction of your building, addition, or expansion project. We want to make sure you keep it the best it can be.

If you have found you need assistance with your building maintenance, feel free to give our team a call. Our expert project managers will walk you through a possible solution. If necessary, we would be happy to refer you to a trusted resource to continue the conversation – we work with only the best subcontractors in the commercial building industry. We are easily reached online, in person, or by phone.

Real Estate Leads Economic Improvement through 2015

Real Estate Leads Economic Improvement through 2015 according to NAR

By Jack Matasosky

real estate market trends improvement to 2015 article by APPROA recent news release by the National Association of REALTORS (NAR), summarizes findings by NAR chief economist, Lawrence Yun, indicating economic improvement through 2015.

You may read the full article, “Forecast for Housing and the Economy Suggests Gradual Improvement through 2015”, HERE.

As the residential real estate market tends to lead the industrial/commercial real estate market, this is good news to our ears here at APPRO and CERRON!

Are you considering making a space change for your business? By contacting our team early on in the process, you will find a knowledgeable partner to expertly walk you through all possible options and scenarios, resulting in the best possible solution for your business. To get started, call our team today!

Roz Peterson has earned the CCIM Designation

CERRON Commercial Properties is pleased to announce, Roz Peterson has earned the CCIM Designation!

Roz Peterson - CCIM DesignationThe following press release has been issued by CCIM regarding an exciting announcement about Roz Peterson…

Minneapolis, MN, (4/30/14) — Cerron Commercial Properties agent, Roz Peterson, has earned the designation of Certified Commercial Investment Member (CCIM). A CCIM is a recognized expert in the commercial and investment real estate industry. The CCIM lapel pin is earned after successfully completing a designation process that ensures CCIMs are proficient not only in theory, but also in practice. This elite corps of CCIMs includes brokers, leasing professionals, investment counselors, asset managers, appraisers, corporate real estate executives, property managers, developers, institutional investors, commercial lenders, attorneys, bankers, and other allied professionals.

CCIM LogoComprised of four, one week, in depth courses, the CCIM training requires further submission of an extensive portfolio which demonstrates the CCIM candidate has not only taken the courses but actually implemented the training via closed deals. The capstone is a grueling 6 hour exam only offered twice per year during the CCIM national business meetings.

The entire team at APPRO and CERRON is thrilled for Roz and congratulate her on this accomplishment!

To contact Roz for assistance with a commercial property solution, please contact our office at 952-469-9444.

Imperial Plastics – Interior Virtual Tour

Imperial Plastics – Mankato is now complete!

Imperial Plastics Virtual Tour

See the virtual tour of the project HERE.

Project Summary: The Imperial Plastics Production Facility is located in Eastwood Energy Center, Mankato, Minnesota. This is a new production facility for a growing Minnesota based plastics manufacturer. The project for the shell building consisted of the erection of a total of 124,368 square feet on a vacant lot, including production, warehouse, office, and mezzanine space. APPRO Development, Inc., is proud to be the design-builder/general contractor on this project, bringing more than 27 years of commercial construction experience to the table. You may also view a summary of the project by clicking HERE.

If you are interesting in discussing a similar project, please contact our team. We have a full service team with design and architecture, financial management and project management, to assist you with every step in the process of creating a property solution to meet your specific needs. Our team is just a click or a phone call away.

Spring Rains and Roof Maintenance Time

Roof Maintenance: These April Showers bringing May Flowers also usher in a time to check the health of your roof!

Spring rains and the impending storm season are an ideal time to conduct some roof maintenance. According to a recent E-Newsletter by one of our roofing subcontractors, BL Dalsin Roofing, “All roofs are vulnerable to deficiencies that lead to leaks. Extreme weather and seasonal freeze thaw cycles can damage your roof…’Corrective Roof Maintenance’ should happen when existing critical defects could lead to a threat to your building interior, such as water damage. By proactively performing maintenance on your roof you are managing your ‘Roof Asset’ preventing potential problems that can turn into critical defects and possible water intrusion.”

Some of the roof maintenance activities you should consider, according to the same E-Newsletter, includes:

• Roof Inspection: Conduct a visual survey of the exterior condition of your roof system and related sheet metal work. Look for deterioration or damage that has occurred between [roof reviews].

• General Upkeep: Clear debris from the roof surface, gutters, interior drains and through-wall scuppers. Debris can cause water to pond, which causes premature aging of the roof and could cause significant damage to the roof system.

• Roof Maintenance: Maintenance…can include replacing deteriorated sealant on metal flashing, refilling pitch pans, re-sealing suspect flashing at equipment curbs and perimeters, and securing drain clamps and rain collars at pipe penetrations.

Please contact our team to discuss any concerns you may have about your roof and if required, connect you to a qualified roofing company.

Apple Valley Business Campus – Phase III Progress!

Apple Valley Business Campus – Phase III progress

Progress is being made on the office warehouse development & construction of the Apple Valley Business Campus – Phase III with this commercial construction project in the heart of located at 6275 147th Street West, Apple Valley, MN.

Just take a look at these pictures…

Apple Valley Business Campus - Phase II - Marketed by CERRON Moving dirt on the site.

Phase III includes eight (8) new construction office warehouse bays – each approximately 5,000 SF. The newest phase about to start (Phase IV) will include six (6) bays up to 16,000SF each.

Concrete footings being poured at the new construction site - photos by CERRON Commercial Properties Concrete footings being poured.

Concrete tip up panels installed at new office warehouse site in Apple Valley - photos by CERRON Commercial Properties Concrete panels being installed.

For more detatils on this project, which is now leasing (as is Phase IV – September, 2014 completion date), please click on our Listing Page HERE, or feel free to contact Bruce Rydeen in our office at 952-469-9444 for more specific details on this project!