Thursday, February 28, 2013
Friday, February 22, 2013
How much did we raise for our Des Moines Family?
|
Tuesday, February 12, 2013
Friday, February 8, 2013
|
Thursday, February 7, 2013
Steve Tobias quoted in a recent Salt Lake Tribune Article
Commercial real estate activity returning to normal
Forecast » Utah’s strengthening economy brightens outlook for 2013.
Salt Lake County’s mutifaceted commercial real estate industry — made up of retail, industrial, office and apartment markets that don’t always move in tandem — is entering the new year in better shape than in a long time.
It’s not back to 2007, when industries were humming and the recession was yet to hit in full force. But many of the components that the commercial real estate sector uses to measure the sector’s vigor have stabilized over the past two years, and 2013 shows signs of shaping up nicely.
"The market feels like it’s definitely improving," Scott Lovell, Salt Lake City -based regional research director of Cushman & Wakefield Commerce, said Friday. "I don’t think anybody will be upset with 2013. It’s going to be a good year."
Last week, the commercial real estate and consulting firm released its annual review of commercial real estate action in Utah’s biggest counties. Although the office, industrial and real estate markets are each driven by different factors, the overall level of activity suggests that the industry is returning to normal long-term performance levels.
"I think that all segments of our commercial real estate market place are in recovery, and multifamily (apartments) is probably the strongest. It’s very solid. It almost appears that it’s better" than ever, said Michael Jeppesen, president of IPG Commercial Real Estate in Salt Lake City.
Commercial activity is strong enough that Steve Tobias, director of Keller Williams Commercial in Salt Lake City, wants to hire another partner or two to help expand his company’s business. Tobias’s 15 agents are all reporting higher sales, and "I’m about as busy as I want to be," he said.
For consumers, retail is king, and the retail vacancy rate in that sector of Salt Lake County’s market fell last year to 8.8 percent, close to the 10-year average of 8.4 percent. Pushing the rate down has been strong consumer spending, helped by the opening of City Creek shopping center in March, and of Scheels, the 220,000-square-foot sports store in Sandy, in September.
Lease rates continued a long-term downward trend in 2012, from close to $21 a square foot in 2008 to about $17 last year, but Cushman expects that rents will move slightly higher this year and that vacancy rates across various types of retail categories will fall further.
"Overall, 2013 will be steady, as existing properties look to create higher occupancy," the Cushman report said.
Lovell said the industrial real estate market is largely driven by population growth, and Utah has had one of the fastest-growing populations in the U.S., even during the recession. That’s pushed sales and leasing activity to the highest levels since the mid-1990s. Although the vacancy rate rose to 9 percent last year, it was still just 1 percentage point above the 10-year average of 8 percent, he said.
Friday, February 1, 2013
Keller Williams Realty, Inc. Named One of America's Top Workplaces
AUSTIN, TEXAS (February 1, 2013) — Keller Williams Realty, Inc. announced today that WorkplaceDynamics has named it the No. 9 workplace in America – the only national real estate franchising company on the National Top 150 Workplaces list.
"This is a great honor that reflects the incredible energy and vitality of Keller Williams offices across the United States," CEO Mark Willis said. "Our associates are creating workplaces that everyone wants to be part of and no one ever wants to leave."
WorkplaceDynamics conducted the annual survey in partnership with 30 leading regional newspapers, reaching 1.7 million employees nationwide. The survey found that employees want to work at companies with high levels of organizational health – those that set a clear direction for their future, execute well, and bring real meaning to work.
"Imagine being part of a culture where passion, joy, and purpose go hand in hand with productivity and profitability," Keller Williams President Mary Tennant said. "We're so honored to be in business with the best real estate professionals in America."
In addition to the National Top 150 list, Keller Williams offices in Cleveland and Minneapolis ranked as the No. 1 workplaces in their respective regions. Keller Williams offices in Austin, Boston, Hartford, and Tampa also finished among the Top 10.
Details about Top Workplaces, a full list of the Top 150 companies, the survey methodology, and factors that drive organizational health are available at www.topworkplaces.com.
Subscribe to:
Posts (Atom)