YouTube Areva Video

Areva Press Release from Grow Idaho Falls

AREVA Chooses Idaho Falls

Areva Inc. announced today it will build a $2 billion uranium enrichment plant near
Idaho Falls. Areva selected the site near the Idaho National Laboratory over potential sites in
five states.

Michael McMurphy, President of Areva Inc. said, “While we had several attractive sites
to choose from, we opted for Idaho Falls, which has strong ties to nuclear energy, and which welcomed AREVA and its proposed enrichment facility to become a new member of its community. We look forward to a productive and long-term partnership that will deliver diversity and strength to the regional economy.”

It will take two to three years to design the plant and receive state and federal
approvals. Construction is expected to take three to five years and involve as many as 1,000 workers. Once operational, the plant is expected to employ up to 300 people.

“Areva has the technology and the experience, and eastern Idaho has the workforce,
the infrastructure, the commitment to advancing nuclear technology and the critical
understanding of this industry. It’s a great match that will result in secure jobs and a stronger
economy,” Governor C. L. “Butch” Otter said. “This highlights the Idaho National Engineering
Laboratory’s importance to our entire state, and it shows what a great investment it was to
provide state funding for the Center for Advanced Energy Studies at the INL. We now have
public and private resources, industry and academics working together to bring about this new
opportunity. I’m grateful to the people of Bonneville County, to the local officials, to Grow Idaho
Falls, and to all those who helped make this announcement possible.”

The Idaho Department of Commerce and Grow Idaho Falls, Inc. worked together to
satisfy the 39 physical and economic criteria in a state to state comparison. Grow Idaho Falls
Inc., the Greater Idaho Falls Chamber of Commerce, the Partnership for Science &
Technology, the City of Idaho Falls, and the Regional Development Alliance began drafting
legislation to accommodate the gaps in the tax structure.

“We were able to show that bringing this type of large, taxpaying, for-profit business to
Idaho would benefit the whole state, particularly in light of recent declining state revenues,” said
Linda Martin, Executive Director of Grow Idaho Falls Inc. Tim Solomon with the Regional
Development Alliance estimated the overall economic impact to the region would be
approximately $5.1 billion.

“I am very excited that Areva has chosen to do business in our community. What this
tells me is that Idaho must be doing something right to attract a company of this
magnitude. It also tells me if Areva wants to invest in our state, there will be others to follow,
and that would be a very exciting prospect. We could not have done this without the help from
many individuals throughout our community, the state, and our Congressional leadership. We
look forward to a long-lasting partnership with Areva,” said Mayor Jared Fuhriman of Idaho
Falls.

The Idaho Legislature passed two bills during the 2008 session designed to make
Idaho competitive with other states by offering tax incentives. Local government and economic
development officials have been working with Areva for nearly a year in the effort to bring the
plant to eastern Idaho.

The Idaho Falls groups worked with a number of regional and local legislators, including Chairman Dennis Lake (R-Blackfoot), Chairman Brent Hill (R-Rexburg), and Majority Leader Sen. Bart Davis (R-Idaho Falls). Gov. Otter, Sen. Larry Craig (R-ID), Sen. Mike Crapo (R-ID), and Cong. Mike Simpson (R-2 ID) made personal supportive calls during the deliberations, in the US and France. The local delegation gained support from across the state, especially from House Majority Leader Rep. Mike Moyle (R-Star), Rep. Jim Clark (RHayden Lake) and Rep. Dean Mortimer (R-Idaho Falls) on the House floor, and Sen. Curt McKenzie (R-Boise) on the Senate floor.

(Pictured is representative Dean Mortimer, who supported the legislation.)

Areva Selects Bonneville County

HUGE news for Eastern Idaho came out today!

 

AREVA Selects Bonneville County, Idaho, for its Uranium Enrichment Facility

 

Bethesda, May 6, 2008 – AREVA Inc. announced today that it has selected the state of Idaho for its new U.S. uranium enrichment facility. The site is located in Bonneville County, 18 miles west of Idaho Falls, close to the Idaho National Lab.

 

The selection was made after an extensive technical, environmental, and socio-economical analysis of several potential sites throughout the United States. With its decision, AREVA will move forward to seek all necessary approvals from federal, state and local agencies, including a license from the Nuclear Regulatory Commission to construct and operate the facility.  “The United States needs more clean energy to support its economic growth. To enable us to meet those needs we have to expand our domestic nuclear infrastructure, secure our supply of enrichment services, and reduce our reliance on foreign imports. This new enrichment plant is a critical part of this process,” said Michael McMurphy, President of AREVA Inc. He added,

 

“While we had several attractive sites to choose from, we opted for Idaho Falls, which has strong ties to nuclear energy, and which welcomed AREVA and its proposed enrichment facility to become a new member of its community. We look forward to a productive and long-term partnership that will deliver diversity and strength to the regional economy.”  The new state-of-the-art facility represents a multi-billion dollar investment that would create hundreds of high-skilled jobs during the construction and operation phases.  The Idaho Falls plant will provide enrichment services to U.S. nuclear plant operators using advanced proven centrifuge technology developed by the Enrichment Technology Company, Ltd. (ETC), an AREVA subsidiary, and world leader in enrichment services technology.  This centrifuge technology has been successfully deployed in Europe for more than thirty years, using 50 times less electricity than the gaseous diffusion process.

 

AREVA is a major supplier of enrichment services. It owns and operates the Georges Besse enrichment plant in France, which has safely operated for nearly three decades. AREVA is currently constructing a new gas centrifuge enrichment facility in France – Georges Besse II – which is expected to become operational in 2009.

 

To find out more, explore AREVA’s Uranium Enrichment Web site at:

http://www.us.areva-nc.com/

 

More About Areva

 

As the leading U.S. nuclear vendor and a key player in the electricity transmission and distribution sector, AREVA Inc.’s 5,300 U.S. energy employees are committed to serving the nation and paving the way for the future of the electricity market. With 45 locations across the nation and nearly $2 billion in energy revenues in 2007, AREVA Inc., through its subsidiaries, combines U.S. leadership, access to worldwide expertise and a proven track record of performance. In the U.S. and in more than 100 countries around the world, AREVA is engaged in the 21st century’s greatest challenges: making energy available to all, protecting the planet, and acting responsibly toward future generations. AREVA Inc. is headquartered in Bethesda, Maryland.

 

Eagle Cap Executive Suites Now Open at Snake River Landing

IDAHO FALLS, ID – Snake River Landing is pleased to announce that their latest tenant, Eagle Cap Executive Suites, is now open. Currently the executive suites are home to Enlightened Paradigm.

Eagle Cap Executive Suites provide a flexible and economical alternative to traditional office space by leasing suites complete with luxury amenities including shared conference room access, group receptionist, VOIP telephone and high speed Internet.

About Snake River Landing

Snake River Landing is an exciting new master-planned waterfront community in the heart of Idaho Falls. Encompassing over 400 acres of majestic Snake River property, the project stretches from Pancheri Drive south to Sunnyside Road and will include retail, office, restaurant and residential space along with several parks, trails and water features. For more information, please visit www.SnakeRiverLanding.com or call NAI Commerce One brokers Steven Frei or Brent Butikofer at 208.525.8088.

Ben's Name Brand Shoes in Rexburg

As a follow up to a previous post in the fall, watch this KIDK video feature on Ben's Name Brand Shoes in Rexburg:

http://www.kidk.com/features/story/11890921.html

NAI Commerce One broker Melvin Rudd, Rexburg area commercial real estate specialist, helped procure the space, which is next to the new Sherwin Williams store off the South Rexburg exit.

Downtown Idaho Falls Office Space

Steven Frei and Jess Biggs are now selling / leasing 25000 square feet of office space in the heart of downtown Idaho Falls.

With two stories and dedicated parking, this location is perfect for the user that needs or enjoys being close to city services and amenities. With the Courthouse the next block over, the US Post Office just down the street, and multiple city offices and banking locations in close proximity, this location is ideally located at the hub of city and county activities.

Other nearby area amenities include: many restaurants, the Snake River and surrounding green belt walking path, and close access to Interstate 15. This is an ideal location for city/county offices, quasi-government offices, non-profit/foundation offices, law offices, or other administrative office uses.

For more information on this property, email jess@nai-idaho.com or call 208.525.8088 to speak with Jess or Steve Frei.

Snake River Landing Pier Progresses

IDAHO FALLS, ID – The Snake River Landing Pier is entering a major phase in construction, as the pier arches are scheduled to be added to the structure the week of April 14, 2008. The pier, located on Milligan Road off of Pancheri Drive, has been under construction since early January 2008 and will be 4,000 square feet upon completion.


A Grand Opening for the Pier is scheduled for Saturday, July 26 from 11am – 7pm and will feature food, children’s entertainment, music, a time capsule ceremony and a special dedication by Mayor Jared Fuhriman.

Members of the media are welcome to visit the pier during construction. Snake River Landing representatives are available for interviews and/or tours by calling Michelle Ziel at Snake River Landing at 523-3794. For information on available commercial space, you can reach NAI Commerce One brokers Brent Butikofer or Steven Frei at 525-8088 or email marketing@nai-idaho.com.


About Snake River Landing


Snake River Landing is an exciting new master-planned waterfront community in the heart of Idaho Falls. Encompassing over 400 acres of majestic Snake River property, the project stretches from Pancheri Drive south to Sunnyside Road and will include retail, office, restaurant and residential space along with several parks, trails and water features. For more information, please visit http://www.snakeriverlanding.com/.

Pocatello Ranked #5 by Outdoor Life Magazine

Outdoor Life Magazine recently ranked Pocatello, Idaho #5 in the Top 200 Towns for Outdoorsman. The bottom line according to Outdoor Life: "This is the ultimate grown-up trout town. You can raise a family and hold a job without reducing your days on the water."

Read more at: http://www.outdoorlife.com/article_gallery.jsp?ID=1000019027&page=7

Rexburg was ranked #43 in the magazine's list.

Trail Creek Crossing Development In Victor Receives Approvals

Press Release

April 10, 2008

Victor City Council Unanimously Approves Permits for Trail Creek Crossing

Trail Creek Crossing, the planned mixed-use development located at the intersection of Highway 20 and Pole Canyon Road in Victor, was approved by the Victor City Council for Conditional Use and Special Use permits Wednesday, subject to completing the Memorandum of Understanding for Off Site Works. Meagan Hill, the Development Manager for Teton Land and Development Group, was pleased with the outcome of the meeting. Meagan said, “We are excited to be moving forward on our project so we can bring new businesses and services to the City of Victor.”

Trail Creek Crossing’s first phase will include approximately 48000 square feet of retail, office, and residential lofts designed as a village with a refined, rustic feel, including trails and pathways throughout the development. Reservations are now being taken. The developers have retained the services of Clinton Arnold, Jess Biggs, and Kaly Shippen of NAI Commerce One Realty to market the commercial and retail space. For more information, visit www.idahosky.com/trailcreekcrossing or email tetonland@nai-idaho.com

About Victor, Idaho
Strategically located at the intersection of Highway 20 and Highway 33, Victor is a crossroads and a destination for recreation enthusiasts. This growing community is just minutes away from world-class skiing, fly fishing, golfing, hiking, snowmobiling, whitewater rafting, and much more. Abundant outdoor recreation opportunities and scenic vistas around every turn attract people to the Teton Valley Lifestyle. Victor is in the heart of this amazing valley and conveniently located equal distances from Jackson Hole, WY and the Grand Targhee Resort.

About NAI Commerce One
NAI Commerce One is the eastern Idaho affiliate of NAI Global, an integral management hub and worldwide network of single source commercial real estate services. NAI commercial real estate professionals specialize in retail, industrial, office, investment, land, and corporate services. Learn more at http://www.nai-idaho.com/

Transtrum is New Better Business Bureau Board Member

Press Release

Mitch Transtrum, the Operations Manager for NAI Commerce One Realty, is the most recent Better Business Bureau Board Member. As a member of the Board he will be responsible for ensuring that the Southeast Idaho BBB meets the 23 Standards set up for operations. He will also be responsible for financial and policy oversight. Mitch has a degree in Business Management from Brigham Young University-Idaho and holds an Idaho real estate license.

About NAI Commerce One:

NAI Commerce One is the Eastern Idaho affiliate of NAI Global, and is recognized as the largest and most productive independently owned commercial real estate brokerage in the area. NAI professionals offer an array of services to businesses in Idaho Falls, Pocatello, Rexburg, Blackfoot, Twin Falls and the Teton Valley. NAI specializes in retail, industrial, office, investment, and land development transactions, as well as corporate services.

To learn more, visit http://www.nai-idaho.com/

Pocatello, Idaho Falls Rank High on Forbes List

Pocatello Ranks #22 on Forbes List of Best Places to Set Up a Small Business, Idaho Falls Ranks #28

 

By Michelle Costa

 

Pocatello, Idaho may seem like a small town. But, this little gem has been ranked by Forbes among the best small places in the country  to set up a small  business. It's ranked 22nd. 

 

"We have a lot of things to offer to the business community. And then when you look at family life and the safety of our community, it's a town that businesses are looking at and realizing it's a very desirable place to be," said Mayor Roger Chase.  This ranking comes from high ratings in categories like: cost of living, cost of doing business and income growth.

 

Idaho Falls also ranked high in the report, coming in at #28.

 

Read the complete story at http://www.localnews8.com/Global/story.asp?S=8069084

 

Idaho Governor Signs Bills to Lure Areva

Governor Butch Otter signed two bills which aim to lure French uranium company Areva to Bonneville County.

The bills offer both property and sales tax incentives.  Areva is considering locating a plant Bonneville County somewhere between Idaho Falls and the Idaho National Laboratory.  The company, worth $2.5 billion, could bring in hundreds of millions to the local economy over the years.  The company is also considering locating in Washington, Ohio, Texas and New Mexico.

See KTVB story at:  http://www.ktvb.com/news/business/stories/ktvbn-mar2508-uranium_plant.252a6a6e.html

 

Iggy’s Sports Grill Breaks Ground

Iggy’s Sports Grill Breaks Ground at Snake River Landing

A regionally renowned restaurant is coming to Idaho Falls. Snake River Landing is pleased to announce that Iggy’s Sports Grill has begun construction on their new restaurant on the south side of Pancheri Drive in the city’s largest master-planned community. This is the first Iggy’s in Idaho.

Read the Complete Article at: http://snakeriverlanding.com/news/

Lamont Village Development in Fremont County

Proposed Development in Fremont County Might Be Larger Than St. Anthony

From KIDK.com:

A new development could bring thousands of new homes to Fremont County. The Developers are looking at building nearly 2,200 new homes, making the new Lamont Village about the size of St. Anthony, if not bigger.

"The development we envision, is more of a rural setting, you'll notice a lot of our plans and proposals are residences with a lot of open area."That wide open area will be off state Highway 32 between Ashton and Tetonia. The development is called Lamont Village. The developers presented their plans to Fremont County Planning and Building tonight, they're looking at building around 2,200 homes on about 6,200 acres of land.

Read the full story at: http://www.kidk.com/news/local/16484511.html

NAI broker Clinton Arnold attended the Lamont Village Developer's presentation at the March 10th Fremont County Planning and Zoning meeting and was very impressed by the plans. The project is of particular interest to Clinton because it is within 4.5 miles of one of his newest listings, Otto Garz Ranch, which is a beautiful property located on 300+ acres with incredible Teton views and development potential.

Lamont Village will no doubt impact the outlook for investors looking for property in Fremont County.

(Photo Features View of Otto Garz Ranch in Fremont County.)

INL awards $5 million Contract to Idaho Falls-based firm.

INL Awards Construction Contract: $5 Million Construction Project Will Consolidate Facilities

By Joshua Palmer, The Times-News, Twin Falls, Idaho

Mar. 3--Idaho National Laboratory announced Thursday that it has awarded a contract to Idaho Falls-based Eagle Rock Timber to build a new radiochemistry laboratory at the Materials and Fuels Complex on the INL desert Site.

Groundbreaking is scheduled for the spring with the facility slated to open in Feb. 2009.
The laboratory is estimated to cost $5 million and will consolidate activities from existing laboratories. The new lab's ongoing research will support INL program areas including Advanced Fuel Cycle development, homeland security, and research in partnership with industry, other laboratories, university and international organizations.

Click here to read the full article.

New Associate Broker Samantha Lindsay

Congratulations to Samantha Lindsay of NAI Commerce One, who recently earned her broker's license. As an associate broker, Samantha will be an integral advisor for the brokerage and will assist as a consultant on transaction-related issues.

About Samantha

Prior to joining the team of Commercial Real Estate professionals at NAI Commerce One, Samantha concentrated her efforts on residential real estate. Her experience covers a variety of fields with an overtone for public service, with which she receives the most satisfaction. Samantha’s experience with fundraising, law and advertising has proven invaluable, supporting her ability to think outside the box in a time where creativity is no longer a good quality but a mandatory one.

Read Samantha's complete bio.: http://www.nai-idaho.com/default.aspx?tabid=716&agentid=NAID00122121

Lawmakers Working to Bring in Billion Dollar Uranium Company

By: Bridget Shanahan, Local News 8, Posted at localnews8.com on Feb 27, 2008.


A company that could dramatically boost the economy in Eastern Idaho, if it decides to build here, is the big topic in the legislature this week.

Tomorrow lawmakers will begin to decide if French uranium company Areva will get tax breaks if it opens a facility in Bonneville County.



Read the full article from Local News 8: http://www.localnews8.com/Global/story.asp?s=7936664

Or read more from the Jackson Hole Star Tribune: http://www.jacksonholestartrib.com/articles/2008/02/28/news/regional/0cda8d5dd710f30a872573fa0076de5e.txt

Real Estate is Local--Check out the video!

Craig's List for Commercial Listings

Not to steal Randy Waters thunder, but I put my first commercial property post on Craig's list tonight. I don't think I deserve an award or anything, but I do think it will be the first of many posts for me. I think it's interesting that such a simple venue has become so popular. And it's becoming increasingly popular for commercial listings, as discussed at our recent NAI Global Convention. Is this a passing fad? Personally, I think we ought to have a presence on Craig's list...it's free, it's easy, and it may prove to be quite productive.

Randy Waters Honored at NAI Global Convention

PRESS RELEASE

NAI Global Names Randy Waters of NAI Commerce One Real Estate to Global Elite

Princeton, NJ (February 4, 2008) –

NAI Global named Randy Waters of NAI Commerce One Real Estate in Idaho Falls, Idaho, to the NAI Global Elite, a group comprised of the organization’s top performers and top producers. Waters qualified as a Top Producer at the Silver Elite level based on production in 2007.

The award was presented in a ceremony on January 31 at the NAI Global 2008 Convention in Las Vegas. More than 1,250 commercial real estate professionals and clients from around the world participated in the annual event.

Waters, in conjunction with Higgenbotham Auctioneers, disposed of 63 surplus properties located in Idaho, Montana, Utah, Wyoming, Colorado, Nebraska, Kansas, Oklahoma, Minnesota, Iowa, and Missouri for Sinclair Oil Corporation throughout 2006 and 2007.

NAI Global is the world’s premier network of commercial real estate firms and one of the largest real estate service providers worldwide. Based in Princeton, New Jersey, NAI Global manages a network of 8,000 professionals and 375 offices in 55 countries. NAI professionals complete over $45 billion in transactions annually.

About NAI Commerce One

NAI Commerce One is the Eastern Idaho affiliate of NAI Global, and is recognized as the largest and most productive independently owned commercial real estate brokerage in the area. NAI professionals offer an array of services to businesses in Idaho Falls, Pocatello, Rexburg, Blackfoot, Twin Falls and the Teton Valley. NAI specializes in retail, industrial, office, investment, and land development transactions, as well as corporate services.

To learn more, visit http://www.nai-idaho.com/