Wind Farms Running at Full Capacity

IDAHO FALLS, Idaho -- The windmills on the east bench of Idaho Falls are in
full operation, according to its managers.

Ridgeline Energy and BP Wind Energy said Thursday that their 124.5 megawatt
wind farm will generate enough power for over 37,000 homes.

Ridgeline said the Goshen North Wind Farm project is Idaho's largest wind
farm on approximately 11,000 acres and utilizes 83 GE xle wind turbine
generators, each with a rated capacity of 1.5 MW. It's located about 10
miles east of Idaho Falls.

The company said the project will employ a staff of 10 full time workers.
During construction, approximately 250 workers were employed.

"Today marks the culmination of nearly ten years of effort to make this
project a reality," said Steve Voorhees, CEO, Ridgeline Energy. "Idaho Falls
and Bonneville County have a long tradition of developing and using clean
energy technology, and we are proud to be a part of that tradition."

Read the full article by Local News 8 here:
http://www.localnews8.com/news/25636620/detail.html

EIAA Monthly Meeting: Legislative Candidates Forum on October 13th

Come get to know the candidates that are running for the State
representative positions in District 33.  Find out where they stand on
important issues that affect our industry. Candidates will take 5 minutes
to introduce themselves and their positions, followed by questions and
answers.

Wednesday, October 13th, 2010 at Hard Hat Steak House 
Networking and dinner: 6:00PM
Program: 7:00 PM

Bart Weaver, President
Eastern Idaho Apartment Association (EIAA)
www.eiaa.info

For Sale: 3,775 Acre River Rim Ranch

River Rim Ranch is located 7 miles west of Tetonia on Highway 33, providing convenient access to Yellowstone and Grand Teton National Parks, world-class hiking, biking, horseback riding, fishing, golfing, snowmobiling, and skiing.  Green Canyon Hot Springs is just a few minutes away. The city of Idaho Falls is located 60 miles to the southwest, and skiing at Grand Targhee or Jackson Hole Mountain Resort is just a short drive away.

 The property features:

• Elevated panoramic views of the Teton, Big Hole, and Centennial Mountain ranges, including breathtaking four peak cathedral views of the Tetons
• Over two miles of Teton River frontage with spectacular canyon views and river access
• Blue Ribbon Fly Fishing
• Greg Norman Signature Golf Course (designed and shaped)
• 654 cabin, home, and equestrian sites (218 sold and 436 available) plus 6 commercial lots
• Ready to build home sites with all utilities to lot edge
• Structures include the West Rim Office Building, the Ranch Manager’s home and barn, and the Overlook Lodge
• Over 1/3 of the acreage is final plat approved
• River Rim’s Master Plan protects the natural landscape and agricultural heritage , adhering to Teton County’s Agricultural Planned Unit Development criteria

Click here to download a PDF flyer with more information, or contact Steven Keim at (208) 525-8088.

New Potato Plant Breaks Ground in the Burley / Heyburn, Idaho Industrial Park

Burley, ID: A new potato dehydration plant that will bring 50 new jobs to
the area broke ground yesterday at the Burley/Heyburn Industrial Park. City
of Burley Economic Developer Doug Manning said the Oregon Potato Co., which
will do business in Idaho as Gem State Processing, has its headquarters in
Pasco, Washington.

"We've been working with company representatives from Gem State Processing
for several weeks, and we're excited to see the beginning of construction,"
Manning said in a written statement. "The development will help diversify
the local economy and create jobs."

Manning said Tuesday that during a phone interview that most of the
company's new hires will be local residents.

The company plans to begin operations by the second quarter of 2011, said
Bill Schow, general manager for Gem State Processing.

Manning said the company will produce a potato flake that will be used in
other products. The company will be located toward the north end of the
industrial park.

Burley officials along with officials from the city of Heyburn and Minidoka
County and the Boyer Co., which manages the industrial park, have been
actively involved in negotiations in order to get the project off the
ground, Manning said. The project contractor is Max Gabbard Construction of
Yakima, Wash.

"You never know what might happen because of this one," Manning said, adding
that he may have another economic development announcement later this month.

(Originally in the Magic Valley Times-News, 08-11-2010, Written by Laurie
Welch.)

Self-Storage / Condo Storage Land For Sale

Steven Keim | NAI Commerce One | (208) 525-8088 Bennett / Vernon Ave, Idaho Falls, ID Self-Storage / Condo Storage Land 8.74 acres Vacant Land offered at $648,000 Lot Size 8.74 acres DESCRIPTION 8.74 Acres conveniently located just off Yellowstone Highway and Lincoln Road with easy access to Highway 20 and Interstate 15. Near many multi-family developments and Pinecrest Golf Course. Zoned C-1. Price includes complete architectural drawings for a multi-building storage unit / condo storage project. Excellent investment opportunity at $1.70/SF. see additional photos below ADDITIONAL PHOTOS Photo 1 Contact info: Steven Keim NAI Commerce One (208) 525-8088 For sale by agent/broker Equal Opportunity Housing Posted: Aug 20, 2010, 1:23am PDT

Boise-Based Developer Enthusiastic About Projects in Idaho Falls

Thomas Development is pleased to announce its plans to renovate Constitution Plaza in Idaho Falls, formerly known as the "EICAP Building", which they recently purchased from the Eastern Idaho Community Action Partnership.  Tom and Barbara Mannschreck, the owners of Thomas Development, love downtown Idaho Falls and see great potential in the 16,440 square foot building that boasts its own parking lot directly across from the city offices.  Thomas Development also owns and has renovated the nearby Earl Building at 525 Park Avenue.

Tom and Barbara have been working closely with downtown Idaho Falls experts, their development team, and their local property manager and broker Steven Frei to plan the renovations, which includes renaming the building “Constitution Plaza”.  John Hart, the director of Downtown Idaho Falls Development Corporation and Jan Blickenstaff, the City of Idaho Falls grants administrator, have been extremely helpful.  Jan is retiring but plans to remain available as a resource to the city and developers because of his commitment to Idaho Falls. Constitution Plaza will be extensively renovated, both interior and exterior. The owners will seek LEED certification and will also apply to the Idaho Falls Historic Preservation Commission for historic façade renovation grants.  

The Eastern Idaho Community Action Partnership will move all of its operations to a single location in 2011.  Constitution Plaza will then become available for lease for one large or several smaller office tenants. Steven Frei and Brent Butikofer of NAI Commerce One brokered the sale of the building and may be contacted about leasing opportunities.

Thomas Development has two other developments in Idaho Falls. Rosslare on 12th and Hoopes is an affordable 48 Unit senior apartment and opened last summer.  Summerhill is an 80 unit housing development that opened this month. 

Summerhill "follows our pattern of developing low- and moderate- income housing for families," said Tom Mannschreck.  Like the adjacent Rosslare development, Summerhill will have Leadership in Energy and Environmental Design (LEED) certification from the U.S. Green Building Council.  

For questions, please contact Kaly Shippen at (208) 525-8088 or email kaly@nai-idaho.com

August AREVA Meetings to be held in Boise and Idaho Falls

The Nuclear Regulatory Commission will hold 2 meetings in ID next week regarding the AREVA Eagle Rock Enrichment Plant project – PLEASE ATTEND ONE OF THEM!

Monday, August 9 in Boise at the Oxford Suites Hotel, 1426 S. Entertainment Ave., in Boise, from 7-9:30 p.m.

Thursday, August 12 in Idaho Falls at the Red Lion Hotel, 475 River Parkway, from 7:30-10 p.m.

If you have questions, or wish to know pertinent issues for the EIS, you can call GIFI office 208-522-2014 or Lane Allgood, PST, at 208-313-4166. Public comments can be submitted until September 13, by email EagleRock.EIS@nrc.gov, or mailed to:

Ref: Report Number NUREG-1945 draft
Chief, Rules & Directives Branch
Division of Administrative Services
Office of Administration
U.S. Nuclear Regulatory Commission
Mail Stop TWB-05-B01M
Washington, DC 20555-0001

Global Economic Outlook with Dr. Peter Linneman Set For Wednesday

Is the Economic Recovery on Solid Ground?

Date: July 21, 2010

Time: 11:00 AM Mountain Time

Join NAI Global Chief Economist Dr. Peter Linneman for a discussion on how the European debt crisis will impact economic recovery in the U.S. and the rest of the world. Is our confidence shaken, or just stirred? Dr. Linneman will also be available to answer your questions during the event.

Click here to register.

Dr. Linneman, widely recognized as one of the leading strategic thinkers in the real estate industry, was recently cited as one of the 25 most influential people in real estate by Realtor Magazine. He serves as the Albert Sussman Professor of Real Estate, Finance and Public Policy at the Wharton School of Business, the University of Pennsylvania, and Principal, Linneman Associates.

NAI Commerce One Broker Steven Keim Assists International Client

As a part of NAI Global's Special Asset Solutions team, NAI Commerce One designated broker Steven Keim played a role in assisting a major international investment fund develop an offer on a $1 billion portfolio of notes being offered to the market.  Here is the story from NAI Global:

NAI Global New Business Update

In early May, NAI Global's Special Asset Solutions team responded to an inquiry from a major international investment fund interested in bidding on a portfolio of over $1 billion in notes being offered to the market. In order to assist the customer in developing their offer NAI Global was asked to rapidly coordinate the development of 101 Broker Opinions of Value. These BOVs were critical to the client as they were part of a test sample used to estimate values of over 1,500 loan notes throughout the nation. The assets that were evaluated were located in 66 separate markets and covered a range of asset classes, including land, multifamily, office, retail and industrial properties. They also needed all the BOVs completed in seven days.

Together we did it! We truly believe there is no other commercial real estate organization in the nation that could accomplish this job. On May 28, NAI Global delivered 101 BOVs and a master spreadsheet amounting to 380 pages of work product to the customer.

On behalf of NAI Global and NAI Global New York City we want to take a moment to specifically thank the agents and the members who helped accomplish this job--on time, on budget--and provide a client superior quality professional guidance.

John Acker, NAI Las Vegas
Phillip Algrim, NAI Capital Realty
Bob Bencze, NAI Puget Sound Properties
Mark Bounds, NAI Mark S. Bounds
John Boyer, NAI Capital
Sierk Braam, NAI Norris, Beggs & Simpson
Chad Brock, NAI Capital
John Burpee, NAI Tampa Bay
Jeff Cavazos, NAI Farbman
Trent Dickey, NAI Global New York City
Michael Flynn, NAI Hiffman
Steven Frey, NAI Capital
Sean Fulp, Cornish & Carey Commercial
Joe Gallaher, NAI Miami
Tom Garland, NAI Brannen Goddard
Taylor Glaze, NAI Chase Commercial Realty
Michael Glickstein, NAI San Diego
Brian Haggar, NAI Fuller
Adam Hawkes, NAI CRES
Chad Hirschfield, NAI Fuller
Cheree Hollis, NAI San Diego
Tracey Holtzman, NAI Olympia Partners
Richard Horn, NAI Capital
Bret Bill Jacob, NAI Hiffman
Robert Keatley, NAI Capital Realty
Steven Keim, NAI Commerce One
Richard Knutson, Cornish & Carey Commercial
Barry Lammerson, NAI Horizon
Barbara Lloyd, NAI Horizon
Jack Lynch, NAI Rauch Weaver Norfleet Kurtz & Co.
Matt MacDougal, NAI Horizon
Christian Mattson, NAI Puget Sound Properties
Neil Miyazaki, NAI Capital
Bill Montana, NAI Hiffman
Stuart Morrison, NAI Mid-Michigan Vlahakis
Harris Napier, NAI Huff Partners
Dan Oster, NAI Alliance
Kimberly Owen, NAI Las Vegas
Alec Pacella, NAI Daus
Michael Pagones, Cornish & Carey Commercial
Thomas Patriarca, NAI Capital
Greg Ratliff, NAI CRES
Robert Rubin, NAI James E. Hanson
Izzy Sanchez, NAI Capital
Jason Speckman, NAI Olympia Partners
Craig Summer, NAI Capital
Steve Summers, NAI Capital
Travis Waldrop, NAI REOC Austin
Damon Wyler, NAI Capital
Rob Zaharia, NAI Capital
Robert Zavakos, NAI Dayton
George Zeller, NAI Welsh

Snake River Landing"s First Residential Phase Begins

Snake River Landing is excited to announce that construction has begun on the first phase of Garbett Homes; Legacy Creek. Garbett Homes, a Salt Lake City-based builder, is thrilled to bring their modern, yet affordably priced homes to the Idaho Falls community. The first phase of homes will consist of 34 single family residences.  Idaho Falls-based HK Contractors is currently preparing the utilities for the site.

An unveiling of the home exterior designs and floor plans will take place at the site of current construction at 11 a.m. on Monday, June 14. The community is welcome at this event.

Bloomberg Reports Rental Apartments in U.S. May Lead Recovery

U.S. apartments may lead a rebound in commercial real estate as vacancies
peak in 2010 and the economy adds jobs, according to property research firm
Reis Inc. Apartment vacancies probably will peak at 8.2 percent in 2010,
the highest level since Reis began tracking the number in 1980, Reis
economist Ryan Severino said in a briefing. The number should start to
decline in 2011, Reis said.

Read the full article by Hui-yong Yu here: http://tinyurl.com/36u7j9u

(For information on the multi-family market in Idaho Falls and the
surrounding region, contact NAI agent Doug Powell at (208) 525-8088.)

Idaho Ranks High in Entrepreneurial Activity in 2009

Idaho was one of the nation’s leaders in entrepreneurial activity in 2009, according to a national study by a Kansas City, Mo., nonprofit.  According to the Kauffman Index of Entrepreneurial Activity, startup businesses blossomed during the recession years of 2007 to 2009. Nationally, business startups reached their highest level in 14 years, according to a press release from the Ewing Marion Kauffman Foundation, a private, nonpartisan fund that promotes entrepreneurship.

“Challenging economic times can serve as a motivational boost to individuals who have been laid off to become their own employers and future job creators,” said Carl Schramm, president and CEO of the Kauffman Foundation, which released the study May 24.

Read the full article in the Idaho Business Review here.

NAI Broker Steven Keim Attends World's Largest Wind Conference

NAI Commerce One broker Steven Keim is attending the American Wind Energy Association's Annual Conference: WINDPOWER 2010 in Dallas, Texas May 23rd - 26th.  With 20,000 Attendees and 1,400 exhibits, WINDPOWER 2010 is the world's largest annual wind conference and exhibition, and the fastest growing conference in the U.S. 

The WINDPOWER Conference Program offers a platform to discuss how our industry can create our energy future, strengthen our struggling economy, and lead to a sound, profitable energy market. The conference program will discuss perspectives, methods and strategies for maintaining and increasing profitability in an environment of technical, economic and political change. Attendees will learn how wind energy can Power America Forward.

The conference has over 60 educational sessions organized into 6 tracks, covering policy, business and technical issues.  Conference Speakers include former U.S. President George W. Bush, North Dakota Senator Byron Dorgan, Department of Energy EERE Assistant Secretary Cathy Zoi, Colorado Governor Bill Ritter, Jr., Iowa Governor Chet Culver, Ohio Governor Ted Strickland, and Siemens Wind Power CEO Jens-Peter Sauls.  Entertainment includes Elvis Costello and Seinfeld's Jason Alexander.

For more information, visit: http://2010.windpowerexpo.org/ or check out this conference YouTube video from the AWEA CEO Denise Bode:

Areva Secures $2 Billion Loan Guarantee from the DOE

Washington, DC – As part of a broad effort to expand the use of nuclear power in the United States and reduce carbon pollution, U.S. Secretary of Energy Steven Chu announced today the Department’s first conditional commitment for a front-end nuclear facility. The $2 billion loan guarantee will support AREVA’s Eagle Rock Enrichment Facility near Idaho Falls, Idaho, which will supply uranium enrichment services for the U.S. nuclear power industry.

“Increasing uranium enrichment in the United States is critical to the nation’s energy and national security,” said Secretary Chu. “Existing reactors will need additional sources of enriched uranium soon. New nuclear plants that could start to come on line as early as 2016 will also need a steady, reliable source of uranium enrichment services. AREVA’s project will help to meet that demand.”

The Idaho Falls facility will use advanced centrifuge technology instead of the more energy-intensive gaseous diffusion process. Although Eagle Rock will be only the second plant to use this technology in the US, it has been employed in Europe for about 30 years to enrich uranium for the commercial power market. The project’s technology uses 95 percent less electricity than the gaseous diffusion technology it replaces, reducing both energy use and environmental effects.

Areva estimates construction of the Eagle Rock facility will create 1,000 jobs. The total project is expected to cost approximately $3.3 billion.

The light-water reactors that comprise the US fleet are fueled by low-enriched uranium, in which the concentration of the easily-split U-235 isotope is raised from less than one percent found in natural uranium to between three and five percent by weight. (Natural uranium is largely comprised of the U-238 isotope.)

Currently, the United States obtains half of its enriched uranium from Russia under the Megatons-to-Megawatts program, in which nuclear materials that were once pointed at the United States are converted to civilian nuclear fuel to power America’s economy. The program expires in 2013, after which alternate sources of enrichment services will be required to support the continued and expanded use of nuclear power in the United States

The project must obtain a Combined Construction and Operating License (COL) from the Nuclear Regulatory Commission before the loan guarantee can be finalized. In addition to the $2 billion in loan guarantee authority under the 2009 Omnibus Bill, the Department has made available an additional $2 billion to support uranium enrichment technology from loan authority provided in 2007.

This is the ninth project to be offered a conditional commitment by the Department of Energy since March, 2009. For more information on the loan guarantee program, please visit http://www.lgprogram.energy.gov/

EIAA meeting with Don Aslett

The Eastern Idaho Apartment Association (EIAA) will feature Don Aslett at its May meeting tonight, 5/12 at 1075 Utah Avenue in Idaho Falls.  Networking begins at 6 p.m. with the program starting at 7.

 

For more info, please visit www.eiaa.info

Warehouse on 11 Acres For Sale: Price Reduced!

Marketing Department | NAI Commerce One | 208.525.8088 1355 S. Industrial Park Rd., Saint Anthony, ID 20,900 SF Warehouse on 11 Acres Next to St. Anthony Airport Industrial offered at $875,000 Year Built 2006 Sq Footage 20,900 Floors 0 Parking Unspecified Lot Size 11.09 acres Maint $0 per month DESCRIPTION Price has been reduced to $875,000 on this excellent industrial property next to the St. Anthony Airport. see additional photos below PROPERTY FEATURES - 20,900 SF Sprinkled Warehouse Building - 190' by 110' Building - 17,084 SF of warehouse space and 3,816 SF of office - 3 doors 14’ wide by 16’ tall - 2 doors 24’ wide by 12’ tall - Ceiling height is 24’ on one side sloping to 16’ LOCATION FEATURES - Centrally located at the airport in St. Anthony between Idaho Falls and Island Park OTHER SPECIAL FEATURES - Airport runway is 4500’ by 50’ ADDITIONAL PHOTOS Photo 1 Photo 2 Photo 3 Photo 4 Photo 5 Photo 6 Contact info: Marketing Department NAI Commerce One 208.525.8088 For sale by agent/broker: Melvin Rudd Equal Opportunity Housing Posted: May 11, 2010, 11:09am PDT

The Annual Southeast Idaho Business & Economic Forum

The annual Southeast Idaho Business and Economic Forum will be held on May 12 from 1-5 p.m. at the Art Museum of Eastern Idaho located at 300 S. Capital Avenue in Idaho Falls.  The event is free to all, but space is limited.  Please RSVP to Jaimi at 208-528-7922 or email jwalker@sammonsrep.com

FEATURED SPEAKERS:

-Dean Mortimer, Idaho State Senator, "Legislative Session Update"
-Mike Ferguson, Idaho State Chief Economist, "State of the Idaho Economy"
-Dan John, Idaho State Tax Commission, "Tax Incentives for Small Businesses"
-Winston Beard, Partner - Beard St. Clair Law Firm, "Healthcare Reform: The Affects on Business Owners"
-Russell Slack, Asst. Vice President, Zion's Bank, "Business Financing: How to Get it & Keep it"
-Steve Fuhriman, Mayor of Ammon

EIAA April Meeting Report: Idaho Falls Mayor Jared Fuhriman

By NAI Commerce One Multi-Family Specialist Doug Powell

Mayor Jared Fuhriman spoke to the Eastern Idaho Apartment Association this month about current events in Idaho Falls. Topics included AREVA, downtown redevelopment, the “North Loop” power line project and growth of the city. Renee McGee, director of planning and zoning for the city, ably assisted him. During his presentation he answered numerous questions. Specifically the Mayor noted:

• The Mayor strongly supports an open door policy and relishes feedback from the constituents of Idaho Falls. He was very clear that the city works for the citizens of the town. City government is fiscally conservative and currently has no debt. The model “pay as you go” is the operative business plan.

• Tax Increment Financing (TIF) has been extended from the west side of the Snake River to the east to cover downtown redevelopment. This will support additional redevelopment, which includes the Memorial Drive green belt, additional parking and upgrading existing buildings.

• The AREVA project is moving forward and approval appears eminent with groundbreaking projected for next spring. This project will ultimately bring approximately 1,200 construction and 300+ permanent jobs to Idaho Falls. The project may be expanded, which is more good news for the area.

• Location of the “North Loop” power transmission lines remain under study, but according to the Mayor, this development is essential to the continued growth on the west side and for redundancy in supply the east side of town.

• INL is proposing an expansion of four more buildings located in the technology park adjacent to the CAES building. This will bring additional jobs and further enhance the area’s reputation for research on energy efficiency and nuclear development. This project is projected for completion over the next five years.

Renee Magee, Director of the Idaho Falls Planning Department indicated that while Idaho Falls is caught up in the national recession, growth continues at a steady rate of 1% to 1.5% per year. A rate to bodes well for continued, effective management of infrastructure development within the city.

While permits are down 35% year over year, it appears that demand is slowly returning as evidenced by an 80 unit multi-family development under construction at 12th and Hoopes and a $5 million expansion by ERMAC.

In concluding his remarks the Mayor indicated his optimism for the bright future of Idaho Falls and the city’s ability to sustain the quality of life that is the joy of the folks lucky enough to live in this part of the country.
Doug Powell can be reached at (208) 525-8088 or by email.

EIAA April Meeting to Feature Idaho Falls Mayor

The Eastern Idaho Apartment Association’s monthly meeting will feature Idaho Falls Mayor Jared Fuhriman and Renee Magee from the Idaho Falls Planning and Zoning Department.  Topics usually discussed in this informative meeting are the local economy, the number of building permits issued, and the outlook for jobs growth.  The meeting will be held on Wednesday, April 14^th at 1070 Riverwalk Drive Suite 200, (the McNeil Building in Taylor Crossing).  Networking begins at 6:30 with the program at 7 p.m.  For more information, visit www.eiaa.info

Three Airlines To Add New Idaho Falls Flights

- The Associated Press

IDAHO FALLS, Idaho — Allegiant Air, Delta Air Lines and United Airlines have announced additional service to Idaho Falls International Airport.

Allegiant announced Wednesday that it will be offering two nonstop flights per week from Idaho Falls to Los Angeles International Airport, beginning June 3. The flights will operate Thursdays and Sundays.

On Tuesday, Delta Air Lines added a fifth flight from Idaho Falls to Salt Lake City. The flight is scheduled to depart from Idaho Falls Regional Airport at 6:10 p.m. every day but Tuesday and Saturday. Delta plans a sixth, seasonal evening flight from Idaho Falls to Salt Lake City, beginning on June 10.

United Airlines plans to add a third flight to Denver on May 2. The flight is scheduled to depart at 4:56 p.m. and will operate every day except Saturday.

1Q 2010 Featured Agent: Don Zebe

Don Zebe
(208) 525-8088
don@nai-idaho.com

Scope of Service Experience
Donald Zebe joined NAI Commerce One's team of dedicated real estate professionals in 2010. Zebe, formerly with Premier Properties, in Pocatello, Idaho, brings a wealth of experience in retail leasing, land acquisition, development, entitlements and site selection services to the team. Donald's career began in 2004 with the acquisition and development of Pocatello Square as principle owner and developer.

Background & Experience
Donaldhas provided site selection and disposition services to many retail and restaurant clients - including Pita Pit, HFC, Hollywood Video, Jack in the Box, Batteries Plus, AT&T/Edge Wireless, Ruby Tuesday, Del Taco, Craigos Pizza, Walgreen's, and DL Evans Bank.

Donald's landlord representation clients have included Trevision Development LLC.

Educational Background
Zebe earned a BBA in Business Management from Idaho State University, Pocatello, Idaho. He hold a Black Belt in Six Sigma from GE. While at GE Zebe led a national and international sales organization as a senior executive at GE.

Professional Affiliations & Designations
Donald is a member of the International Council of Shopping Centers (ICSC).

Significant Transactions
Buyer Representation - 20-acre regional shopping center site - $3.0 million
Owner Developer. 67 acre Regional Power Center
Landlord Representation - regional power center
Landlord Representation - New regional lifestyle center
Tenant/Buyer Representation - Del-Taco multi-market site selection/acquisition
Tenant Representation - AT&T Wireless

1200 SF Professional Office Space For Lease in Ammon

1552 S. Midway Ave | NAI Commerce One | 208.525.8088 1552 Midway Ave, Idaho Falls, ID Professional Office Space For Lease for $10.80/SF/YR NNN Office Year Built 2008 Sq Footage 1,200 Floors 1 Parking Unspecified Lot Size Unspecified Maint $0 per month DESCRIPTION Well located professional office space just off 17th Street and Midway, with 5 hardwalled offices, a private restroom, and a front reception area. There is a crawl space for convenient wiring. Rental rate is $10.80/SF/YR NNN. see additional photos below ADDITIONAL PHOTOS Photo 1 Location Contact info: 1552 S. Midway Ave NAI Commerce One 208.525.8088 For sale by agent/broker Equal Opportunity Housing Posted: Mar 23, 2010, 12:12pm PDT

Flyer: http://www.tinyurl.com/1552midway
Contact Brent Butikofer or Steven Frei at 208.525.8088 for more information or to schedule a tour.

Thoughts on Property Taxes from the President of the Eastern Idaho Apartment Association

At the EIAA meeting last week we learned two important things. First, we learned the process on how to challenge a property’s valuation. Second, we learned the key to reducing overall property taxes. I want to focus on the later.

I was totally surprised to find out how our property taxes are calculated. It is totally backwards from how individuals or companies manage their money.

1) The government body (city, county, etc…) creates a budget.
2) The Assessor calculates the total value of the real estate in the geographical area covered by the government body.
3) The budget is divided by the total value. This created the Levy amount.

If the overall value of housing goes down in the area, the levy amount actually goes up! So, it doesn’t matter if housing values go down significantly, your taxes will remain the same or even go up!!!

The key to getting the overall tax rate to go down is to lower the government body’s budget. In the past Blake Mueller said that hardly anyone shows up to challenge the budgets. We need to go to these meetings to make our voices heard. I have info on a few of the upcoming meetings:

City of Idaho Falls
July 21st, 28th and Aug 4th. All are at 8:30 AM, upstairs in the Municipal services building of City Hall.

Bonneville County
September 8th upstairs in the Centennial Court room at the old County Court house.

If you have information on when and where other meetings are going to be held, please contact me so I can send it out to the EIAA members.  As citizens and property owners, we need to go to these meeting and make our voices heard.

Bart Weaver, President
Eastern Idaho Apartment Association (EIAA)
http://www.eiaa.info/
(208) 535-8888

The next meeting of the EIAA will be held on April 14th and the guest speaker with be Idaho Falls Mayor Jared Fuhriman.  Location TBA.   For questions about the EIAA, contact Bart Weaver.

NAI Global Named Global Broker of the Year by PERE Magazine

NAI Global Named Global Broker of the Year By Private Equity Real Estate Magazine   The readers of Private Equity Real Estate (PERE) magazine named NAI Global the Global Broker of the Year in the PERE Awards 2009.   “Each year, the readers of PERE magazine and PERENews.com nominate and choose the firms, individuals and deals they believe stood out from the crowd the previous year,” said Zoe Hughes, Senior Editor, Real Estate. “2009 was a year in which the private real estate investing world experienced a tremendous amount of turmoil, so to be selected in this year’s awards is a tremendous accolade from our readers and a vote of confidence in what lies ahead for NAI Global.”   “This award is a testament to the quality and commitment of NAI Global and its professionals around the world in serving the private equity and financial sectors,” said Jeffrey M. Finn, NAI Global President & CEO. “Looking ahead, we will continue to innovate and add value with focused service offerings like our Special Asset Solutions group or the Commercial Property PowerSale™ program, to deliver exceptional results for clients around the globe.”   NAI Global offers a wide range of services for the commercial real estate investment sector, including asset management, acquisition/disposition, property management, leasing/agency services, valuation and advisory, market analytics, auction and portfolio optimization. The Global Broker of the Year award from PERE serves as recognition that NAI Global is the best at identifying and anticipating a client’s investment and brokerage needs.

 

 

 

Jackson Hole, Wyoming Commercial Real Estate Report

It’s been a while now since I’ve used this forum to address any topic directly relevant to our Industry. There’s a simple reason for this, day after day I see, I read, I hear reports from various sources providing commentary and projections on the future of the market and the industry, so the last thing the world needs is another wind bag blowing smoke.

Here are the facts for 2009 in the Jackson Hole Commercial Real Estate Market;

Total No. Leases: 7
Total No. Building Sales: 4
Total No. Lot Sales: 1
Total No. Transactions: 12
Total Volume: $17.9m

Notes:

1. Transactions include commercial leases, commercial building sales and commercially zoned land sales as reported in the MLS.

2. Wyoming is a non-disclosure state so not all transactions are reported.

3. The majority of lease transactions are conducted outside of the MLS directly between the Landlord and the Tenant.

What does this mean? Truthfully - Not very much. By the numbers 2009 was a more ‘normal’ year in the context of the past decade. 2005, 2006, 2007, 2008 were ridiculously high, 2000, 2001, 2002, 2003, 2004 were generally on par with 2009.

However, coming off a 4 year sugar high, 2009 felt like detox for our industry and for our city and county revenue streams. Less permit activity, less fees paid for applications etc.

As we know, perception is reality. 2009’s perception was pain. 2010’s forecast…you’re not going to get one here, try the hundreds of commercial commentating windbags, take the average of the forecasts, divide by your age and then stand on your head. That should give it some clarity.

Seriously, what we do know is that there is little to no commercial lending available at present and nationally the CMBS market will face many new challenges in 2010 as existing loans fall due without a new vehicle to pick them up. Until the national CMBS picture gains some clarity and direction, we don't expect to see any significant recovery in the Commercial Real Estate market.

Meagan Hill is a Commercial Real Estate Investments Specialist and Principal of NAI Jackson Hole servicing the Jackson Hole WY and Teton Valley ID markets.

For further information, contact Meagan at (307) 734-8700 or meagan@naijacksonhole.com

Social Media and Commercial Real Estate

Kevin Maggiacomo, President and CEO of Sperry Van Ness, is a fan of social media.  In a recent blog post, he responds to three common objections to being engaged in social media (which he calls "cop-outs"). He then details the benefits of using social media for commercial real estate professionals, and for clients.  I agree with Kevin!  Click here to the read the full blog post. 

The Bloom Box: An Energy Breakthrough?

(From CBS News) In the world of energy, the Holy Grail is a power source that's inexpensive and clean, with no emissions. Well over 100 start-ups in Silicon Valley are working on it, and one of them, Bloom Energy, is about to make public its invention: a little power plant-in-a-box they want to put literally in your backyard.

You'll generate your own electricity with the box and it'll be wireless. The idea is to one day replace the big power plants and transmission line grid, the way the laptop moved in on the desktop and cell phones supplanted landlines.

It has a lot of smart people believing and buzzing, even though the company has been unusually secretive - until now.

K.R. Sridhar invited "60 Minutes" correspondent Lesley Stahl for a first look at the Bloom box that he has been toiling on for nearly a decade.   


Watch CBS News Videos Online

NAI Commerce One broker Brent Wilson said, "I think this new invention could be bigger than the lightbulb." 

What do you think?  Read the full story: The Bloom Box: An Energy Breakthrough? at CBSNews.com.

Prime Restaurant Location Anchored by Edwards Theatres

The Teton Spectrum Shopping Center is the dominant entertainment and dining destination within the Idaho Falls / Ammon, Idaho market. Anchored by a 14-screen Edwards Theaters movie theater, the center draws from a large trade area which includes 14 counties within portions of Idaho, Montana and Wyoming. Current tenants include Carino's Italian Grill, Texas Roadhouse, Five Guys Burgers & Fries, Café Rio and IHOP. Adjacent anchor tenants include Target, Best Buy, Ross, Sportsman's Warehouse, TJ Maxx, Bed, Bath & Beyond and Kohl's. General Growth Properties' Grand Teton Mall (540,000 s.f.) is located immediately north of the center.
The subject property is an approx. 5,000 s.f. restaurant leasehold opportunity located directly in front of the movie theater along Hitt Road/S. 25th East. The building, currently occupied by TGI Friday's, enjoys tremendous exposure along S. 25th East, with monument signage and a significant amount of street frontage.

For more information, please click here, or contact Brent Wilson, CLS, at (208) 525-8088.

Commercial Real Estate Valuation: Not for the Faint of Heart

This week after completing a BOV for a retail pad site, I had a lengthy conversation with a local Idaho Falls appraiser about the challenging task of valuation in today's market. As commercial real estate professionals, we frequently get calls from appraisers seeking information. We also routinely complete opinion of value assessments on our clients' properties and for lenders and other institutions. But the task of valuation is a whole new ball game because of the recession. Comps from two years ago or more often don't mean much. Recent comps are few and far between. An in-depth evaluation of each property, along with an understanding of current local, regional, and national market conditions is critical. And the task is definitely not for the faint of heart.

--Kaly Shippen

Snake River Landing Chosen as Location for Idaho Falls Event Center

IDAHO FALLS - After listening to public input and receiving eight possible proposal's for the site, the Idaho Falls Convention and Visitors Bureau has been busy thoroughly studying locations over the past nine months.

The committee shortened that list to three possible sites and submitted the properties to a consulting firm to make a final decision. Their final recommendation; Snake River Landing.

"Any one of the three would have been viable candidates for this project. However, that is farther along in it's development. There are plans for complimentary businesses that would work with the event center there and that edged out the other two," explains Convention and Visitors Bureau Executive Director, Bob Everhart.

The other two site locations would have forced construction to start basically from nothing. Snake River Landing already has immediate name recognition, plans in place to build, roads and infrastructure, parking availability, and a close proximity to hotels, restaurants and the interstate. The site selection committee also took in factors such as access to utilities and possibilities of sustainable energy sources.

Snake River Landing plans to hold the facility on the southwest corner of their property. They're also very excited about all the possibilities the event center brings for them.

"We have been excited that they're working on this process for a long time and have always supported the idea of having an event center and thought it would be a great thing for this community. We were just extremely excited when we found out that we'd been selected for the site," says Snake River Landing Chief Development Officer, Eric Isom.

Click here to read the full article from KIDK Channel 3.

Idaho SIOR Sees Improvement in the Office Market

It's great to hear news like this from fellow Idaho commercial real estate professionals!

From Idaho Business Review Reports...

Debbie Martin, president of the Idaho chapter of the Society of Industrial and Office Realtors, maintains a positive attitude about an office market that remains sluggish but offers some opportunities.

She is “taking the market we have and dealing with it,” she said. Instead of waiting for conditions to improve, she’s staying proactive when it comes to finding and pursuing deals, and trying to put herself in the shoes of clients or prospective clients. She had more planned and expected deals in the pipeline as of the first week and a half of 2010 than she did during many periods of 2009, she said.

Click here for the full article.

Micron Goes Solar

Micron Technology took a big step toward entering the renewable engery industry on Jan. 14, with the announcement that it has entered into a joint venture with Australian firm Origin Energy Limited to develop solar photovoltaic technology.

Mark Durcan, president and COO of the Boise-based memory chip maker, stated: "As we have looked to leverage our core strengths in other markets, photovoltaic energy technology is a natural area of investigation.  Origin is a company with a significant interest and history in renewable energy technologies.  Combining our semiconductor manufacturing expertise with Origin's solar experience could result in a strong partnership."

Read the full article from the Idaho Business Review here.

AARP Tax-Aide to Locate in Sandcreek Plaza in Ammon

AARP Tax-Aide will be again be locating in Suite 107 at Sandcreek Plaza in Ammon, adjacent to Wal*mart Supercenter. AARP Tax-Aide is the nation's largest free, volunteer-run tax assistance and preparation service available to taxpayers with low- and moderate-income, with special attention to those age 60 and older.

According to Norm Kramer, AARP Tax-Aide District Coordinator, "All of the 40 tax counselors are IRS certified. Last year we prepared over 3500 tax returns, and the value of our service to the community was over $400,000." The local group has been serving the Idaho Falls area for 36 years. AARP membership is not required and they serve people of all ages.

Randy Waters and Brent Wilson with NAI Commerce One represented the landlord and AARP in the lease transaction. "These men and women go through training on their own time and its a great service that they provide to the community", said Waters.

AARP Tax-Aide will open their doors for walk-ins from February 1st through April 15th, and can be reached at 528-8887.

Nordic Windpower Announces Financing Deal

Berkeley, CA, January 5, 2010 – Nordic Windpower announced today that it has raised $38 million in a new financing round led by Khosla Ventures, a premier investor in clean technology companies. Joining Khosla Ventures in the Series C equity financing are New Enterprise Associates (NEA), one of the largest venture firms worldwide, Novus Energy Partners, a US/Europe-based investor in clean technology, and existing investor Impax Asset Management, a London-based fund. Other participants include I2BF Management, an international cleantech focused investment management group, and Pulsar Energy Capital.

“This investment represents a significant achievement for Nordic Windpower,” said Patricia Bellinger, Chairman of the Board of Nordic Windpower. “We are committed to greatly expanding access to our high quality, innovative two-bladed wind turbines to communities across America and beyond. The support of this world class group of investors led by Khosla Ventures will enable us to build and grow Nordic Windpower substantially, while contributing to global efforts to reduce dependence on fossil fuels and President Obama’s goal of energy independence.”

Click here to view the full Press Release from Nordic Windpower

About Nordic Windpower

Nordic Windpower designs, manufactures and sells innovative, two-bladed utility-scale wind turbines for community wind and utility markets worldwide. The company’s N1000 turbine has the lowest installed cost and highest reliability of any turbine in its class. Nordic Windpower’s patented, flexible teeter hub significantly extends mechanical life and lowers maintenance. With headquarters in Berkeley, CA, and a technology office in Bristol, UK, Nordic Windpower operates an assembly plant in Pocatello, Idaho. Visit www.nordicwindpower.com, or contact 322-2080 or (510) 665-9463 in Berkeley, CA.

Hoku Secures Financing to Complete Pocatello Plant

Chinese solar energy firm Tianwei New Energy Holdings Co., Ltd., is now – officially – the majority owner of Hoku Scientific, a Hawaii-based clean tech company building a polysilicon plant in Pocatello.

Dustin Shindo, chairman and CEO of Hoku, said the stock sale and subsequent financing agreements close a crucial funding gap for the Pocatello project, which had been slowed over the past year by shortfall of between $106 million and $121 million.

Full scale construction at the Pocatello plant is set to resume, and equipment that had been placed on hold pending Hoku’s receipt of financing is on its way, the company reported.

Read the full article from the Idaho Business Review by clicking here.

Other Regional Business News

Pacific Ethanol resumes production in Burley

Pacific Ethanol, Inc. on Jan. 6 said it resumed production at its Magic Valley facility in Burley, Idaho. The plant is designed to produce 60 million gallons of ethanol per year.   Click to read more