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Minneapolis CBD leads in large leasing deals
Vacancy rates in Minneapolis CBD continue their trend of shrinking every quarter. Vacancy at IDS Center declined 250 basis points since 2014 and the building now has its lowest quarterly vacancy in recent years. The demand for premium downtown office space is substantial and even co-working firms are getting in on the craze. Recently, two shared-space companies out of Chicago, Industrious and Assemble, leased a collective 36,000 sf with plans to rent out collaborative workspace to entrepreneurs and small firms by end of year. … Read More
Vice President / Market Lead
Project and Development Services
JLL has promoted Nick Mazzocco to the position of Project and Development Services (PDS) Lead in Minneapolis. The announcement was made jointly by Chris Rohrer, Minneapolis Market Director for JLL and David Roberts the Central Region Director for JLL’s PDS group.
“JLL has a rapidly expanding real estate business in the Twin Cities and this is a unique opportunity to grow our local project management business,” said Rohrer.
Shakopee experienced significant industrial leasing and buying activity during the second quarter of 2015. Big names like Amazon, Polaris and AmerisourceBergen will soon all be moving to the Southwest metro.
Amazon confirmed rumors of their move by leasing a 60-acre site to begin construction on a 820,000-square-foot fulfillment center. Amazon also leased out an existing 162,000-square-foot building for a package sorting facility nearby the center.… Read More
Love this paper! It all comes down to expertise, focus and time
There’s no question about it, construction projects are risky, costly and time-consuming. And the more complex a project is, the more potential there is for issues to arise, including scope creep, budget overruns and schedule delays.
Unless, of course, you have a good Project Manager (PM) at the helm.
Download our guide on how to hire the right project manager.… Read More