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March 2026 Newsletter

Tue, 17 Mar 2026 18:06:48 GMT

February 2026 Newsletter

Tue, 17 Feb 2026 21:24:28 GMT

January 2026 Newsletter

Thu, 08 Jan 2026 15:15:28 GMT

December 2025 Newsletter

Mon, 08 Dec 2025 20:00:56 GMT

November 2025 Newsletter

Wed, 05 Nov 2025 18:33:14 GMT

100 Best Books for Work and Life

Wed, 15 Oct 2025 17:50:50 GMT

You already know that books are a valuable resource for learning new skills and gaining better insights in all aspects of your life. The challenge is sorting through the thousands of titles published each year and knowing if a particular book will help you.

100 Best Books for Work and Life is the solution to that problem.

The selections in 100 Best Books were chosen by twenty-year publishing veteran Todd Sattersten to help you with both personal and professional pursuits. The twenty-five chapters in 100 Best Books are organized by topic to make it easy to find the books that can help you right now. And each review provides a comprehensive summary with valuable background information for how its teachings can help in all parts of your life.

100 Best Books for Work and Life will help you cut through the clutter and discover the books that are worth your time and will enrich your life.

October 2025 Newsletter

Fri, 10 Oct 2025 19:27:12 GMT

CRE Prices Surge on Retail and Industrial Strength

Wed, 01 Oct 2025 19:34:55 GMT

CRE Broadly Gains in August

Commercial real estate prices saw broad-based growth in August, led by retail and industrial sectors, per GlobeSt.

The RCA CPPI All-Property Index climbed 2.4% annually, its fastest rate since late 2022, and 0.9% month-over-month, translating to an 11.1% annualized increase.

Office Market Holds Steady, But Vacancy Still a Drag

Thu, 25 Sep 2025 15:43:07 GMT

The national office vacancy rate dipped slightly to 18.7% in August, though trophy assets remain the main draw in an otherwise uneven market.

Hybrid is the new normal: Two-thirds of U.S. firms offer flexible attendance, leaving physical office use stuck in the 50–55% range. While NYC has seen its strongest leasing demand in five years, most markets remain sluggish, with top-tier buildings carrying the load.

Rents & vacancy: Office rents averaged $32.63/SF in August, down 0.4% from last year, while vacancy eased to 18.7%. Seattle, Austin, and San Francisco remain oversupplied with vacancies above 25%, but Manhattan stands apart with just 13.6% vacancy and rents near $68/SF.

Sales activity: Sales hit nearly $33B YTD, averaging $190/SF—well below 2019’s highs. Manhattan led with nearly $5B in deals, trailed by the Bay Area and D.C. A standout transaction came in Dallas, where Cousins Properties paid $218M for The Link at Uptown, reflecting strong demand for top-tier assets.

Fed Finally Cuts Rates — CRE Watches for the Next Move

Thu, 18 Sep 2025 20:24:16 GMT

The Fed finally made its move, and while the 25 bps cut won’t change the game overnight, CRE sees it as a welcome shift.

What happened: The Fed reduced its benchmark interest rate by 25 basis points to a range of 4.00–4.25%, ending a streak of five straight pauses. More importantly for markets, the Fed’s updated "dot plot" projects two more cuts this year, with a longer-term target of 3.1% by the end of 2027—down from a 3.4% projection in June.

Zoom in: The median forecast from Fed officials places the year-end fed funds rate at 3.6%, with projections ranging from 2.9% to 4.4%. Following the announcement, prediction market Kalshi saw the odds of three total cuts this year jump to 67%, up from 48% the day before.

SEPTEMBER 2025 Newsletter

Fri, 12 Sep 2025 18:44:31 GMT

April 2025 AAA Newsletter

Fri, 12 Sep 2025 18:38:58 GMT

AUGUST 2025 Newsletter

Fri, 15 Aug 2025 17:04:40 GMT

Buyer Needs

Tue, 18 Feb 2025 14:12:15 GMT

CoStar Economy: Changing tides lift the forecast for 2025

Mon, 30 Dec 2024 15:25:22 GMT

CoStar Economy: Changing tides lift the forecast for 2025

Read Full Article Here:

https://www.costar.com/article/1217337574/changing-tides-lift-the-forecast-for-2025

The Days Of Extend-And-Pretend Strategies Are Waning, But Not Quite Over

Mon, 23 Dec 2024 17:29:28 GMT

The Days Of Extend-And-Pretend Strategies Are Waning,
But Not Quite Over

Only 11% of the $755M in office CMBS loans that matured in September were paid off, with roughly half of the remaining debt securing extensions from special servicers.

It was a paltry payoff rate even compared to the 31% rate for the year through September, according to Moody’s. And it was a sign of the times.

Optimism on the horizon for Commercial Real Estate ?

Tue, 17 Dec 2024 17:57:20 GMT

Optimism on the horizon for Commercial Real Estate ?

MARKET OUTLOOK

by CRE DAILY

Optimism Rises in Q424 for CRE Investors as Market Edges Into Expansion

We’re excited to share the latest results from the 4Q24 Burns + CRE Daily Fear and Greed Index, reflecting U.S. commercial real estate investor sentiment. The index rose to 56, up from 53 in 3Q24, indicating a shift into expansion territory.

Investment activity: For the first time in the survey's history, more investors are increasing their CRE exposure in 4Q24 than reducing it. In fact, 50% plan to invest more in the next six months. Multifamily remains a favorite (65% plan to increase exposure), while Office lags at just 19%. Still, 43% of investors remain in wait-and-see mode.

Demand for multifamily units in Twin Cities remains robust

Tue, 17 Dec 2024 17:52:21 GMT

Check-out Our Listings

Tue, 10 Dec 2024 18:45:22 GMT

CoStar Economy: The struggle to contain inflation continues

Fri, 22 Nov 2024 14:10:17 GMT

CoStar Economy: The struggle to contain inflation continues

The struggle to contain inflation continues

Overall inflation as measured by the consumer price index, or CPI, remains sticky, according to the latest Bureau of Labor Statistics report .

Consumer prices rose by 0.2% in October, generally in line with expectations but pushing year-over-year inflation to 2.6%, up from 2.4% in September. Core CPI, which excludes the volatile categories of food and energy, rose by 3.3% over the year, its third consecutive month of re-acceleration.

While overall prices for physical goods have been flat or falling, the cost of services continued to grow, particularly housing-related costs such as rent and owners' equivalent of rent, which have proven the stickiest price category. At the same time, declining energy costs began to plateau in October after falling 4.8% year over year.

The exception to goods deflation involved used cars and trucks, which saw the largest price increase of any category at 2.7%. Recovery efforts in Southeastern areas after Hurricanes Helene and Milton likely caused the rise as consumers sought to replace flood-damaged vehicles. Automotive data firm Carfax estimates that as many as 138,000 vehicles were water-damaged in Helene .

Shelter price increases were muted. Rents rose 0.3% in October, while owners’ equivalent rents, reflecting the cost of owning a home, were 0.4% higher. These were 4.6% and 5.2% higher than a year ago in October, respectively. They are still higher than pre-pandemic price gains but are both on a steady downward path.

Despite the monthly uptick, inflation has continued to slow in the longer term. The average monthly price increase through the first 10 months of 2024 was 0.22%, down from 0.27% in 2023 and 0.52% at the height of overheating in 2022.

The largest year-over-year price increases were in transportation services, rising by 8.2% despite falling energy prices. However, these can be volatile and will likely be revised lower in November.

Price increases are not stopping shoppers

Despite the persistence of inflation, American consumers have shown little signs of slowing heading into the holiday shopping season.

According to U.S. Census Bureau data released last week, retail sales rose 0.4% in October, beating analyst expectations, and September sales were revised higher to 0.8%. That outpaced expectations and brought inflation-adjusted annual retail sales growth to its highest level in nearly one year. Real retail sales were up 4.1% between October 2023 and October 2024, the highest annual real growth rate since December 2023.

The resilience of consumers keeps surprising to the upside. Despite a slowing job market and the burn-off of excess savings from pandemic-era stimulus, continued wage growth, which reached 4% over the past year, has supported steady growth in spending.

Slower long-term inflation, particularly falling gasoline prices earlier in 2024, made some room in Americans’ budgets for more discretionary spending. As gasoline sales fell by more than 7% over the past year, spending at nonstore retailers increased 7%, and spending at bars and restaurants rose 4.3%. Storm recovery may have also driven some retail spending growth as building supplies spending increased 1.6% in October, nearly half its annual growth rate of 3.4%.

What we’re watching …

The continued growth of spending may complicate the Federal Reserve’s plans for lowering interest rates. October data for the Fed’s preferred measure of inflation, the personal consumption expenditures price index, may shed more light on the central bank’s path.

Still, post-election markets predict stronger economic growth via deregulation and fiscal expansion in the coming year, likely to stoke stronger inflationary impulses. Indeed, Fed Chairman Jerome Powell noted in a recent speech that “the economy is not sending any signals that we need to be in a hurry to lower rates.”

Markets are pricing in a 60% probability of a 25-basis-point cut at the Fed’s December meeting, but expectations for multiple rate cuts next year are cooling, disappointing those waiting for rates to return to pre-pandemic levels.

CoStar Economy is produced this week by Christine Cooper, CoStar's managing director and chief U.S. economist, and Chuck McShane , senior director of market analytics.

Report: St. Paul could add nearly 4,000 new housing units through office conversions

Wed, 20 Nov 2024 15:30:49 GMT

Report: St. Paul could add nearly 4,000 new housing units through office conversions

For more info. click the link below:

https://www.kare11.com/article/news/local/breaking-the-news/st-paul-could-add-4000-housing-units-office-conversions/89-ffad4853-7da5-4727-a986-b0e48f12b0f9

NOVEMBER 2024 Newsletter is now out!

Fri, 08 Nov 2024 16:24:34 GMT

NOVEMBER 2024 Newsletter is now out!

SBA lending increases, agency takes steps for more growth in 2025

Tue, 29 Oct 2024 18:16:21 GMT

SBA lending increases, agency takes steps for more growth in 2025

The SBA supported 103,000 financings over the past 12 months, up 22% from its fiscal 2023 and the agency's highest annual count since 2008.

CoStar Economy: The Fed makes a move. A soft landing comes into view. I

Thu, 26 Sep 2024 15:31:42 GMT

CoStar Economy: The Fed makes a move. A soft landing comes into view.

The Federal Reserve's policymaking committee ended its eight-meeting pause last week and finally cut its target short-term interest rate , choosing a 50-basis-point cut.

The much-anticipated rate cut turned out to be bigger than many analysts were expecting, although views started changing as the time of the decision’s release inched forward. The move brought the target federal funds rate to between 4.75% and 5%, a level last seen in March 2023 when the Fed was still raising rates.

Historically, a cut of this size usually signals fears of pending economic calamity, but Fed Chairman Jerome Powell called it simply “recalibrating.”

The committee has been focused on lowering inflation by keeping monetary policy restrictive as long as the labor market is resilient and adds jobs. Many market observers had hoped for a rate cut at the committee’s meeting in July, but the committee chose to make no changes.

However, days after that meeting, the employment report for July was released, showing much slower job growth than anticipated. August’s report was a bit better, but revisions of prior months’ gains were disappointing. Moreover, this followed another report showing that job gains over the 12 months ending in March 2024 were overestimated by 818,000, reducing the 12-month job gains by almost 30%.

Overall, the three-month moving average of job growth has slowed from 242,670 in January to 116,330 in August, a clear indication of a weakening labor market.

Powell signaled in his speech at the Jackson Hole Economic Symposium that as inflation was cooling, the committee was becoming more confident that it was moving in the right direction and could pivot to tending to its other mandate of maximum employment.

History has shown that labor markets can deteriorate quickly. The so-called Sahm Rule , which posits that a rise of 50 basis points in the three-month average of the unemployment rate over its 12-month low will be followed by a recession, has held for all recessions occurring in the last 60 years. The rule was again triggered in July, yet job layoffs remain muted . The recent rise in the unemployment rate has been attributed to an increase in the labor supply rather than an increase in the number of unemployed workers.

Inflation has subsided from its highs reached in June 2022. The Federal Reserve’s preferred measure of inflation, the core personal consumption expenditures (PCE) price index , which excludes the volatile categories of food and energy, was 2.5% in July, its latest reading. Figures for August are set to be released later this week.

Inflation can still bubble higher. Many have noted several inflationary impulses present in the economy today, including the deglobalization of supply chains and the transition to a net-zero carbon emissions economy, two structural changes that are likely to raise producer costs. Moreover, the remaining investment related to the CHIPS and Science Act and the Inflation Reduction Act should boost competition (and therefore prices) for workers, capital and materials.

So far, though, the Federal Reserve expects inflation to recede and rate cuts to continue. The median expectation of committee members is an additional 50 basis points of cuts this year.

Policymakers plan to meet twice more this year: in November, days after the presidential election, and in December, a week before Christmas. They have penciled in an additional 100 basis points of cuts for 2025, ending that year with a policy rate of 3.25% to 3.5%, which might be close to its neutral rate, or the rate that neither stimulates nor constrains economic activity. This rate is not known precisely but is estimated to be around 2.75% or 3%, where the long-run projections of the committee lie.

Committee members released their updated projections for several other indicators, including their projections for 2027 for the first time. Committee members see steady economic growth for the next three years at 2%, slightly above the growth trend. They see the unemployment rate rising to 4.4% by the end of this year and next before falling to 4.2% by the end of 2027.

This implies that unemployment will rise again in the coming months, as the August employment report showed that the unemployment rate ticked lower to 4.2%. They see inflation as measured by the core PCE price index falling from 2.6% at the end of this year to 2%, their target rate, by the end of 2026.

Overall, today's indicators point to the trifecta of a soft landing: The economy remains relatively strong, inflation is cooling and the unemployment rate hovers near historic lows.

What we’re watching …

Two more employment reports for September and October arrive before the Fed’s next meeting. With the Fed’s focus now on the labor market and ensuring conditions don’t deteriorate, these reports are likely to be critical.

Further softening in job gains or rising unemployment rates are likely to motivate larger and faster rate cuts to prevent a labor market meltdown that would tip the economy into recession. So far, Powell has steered monetary policy carefully and cemented his reputation as a master central banker, a legacy he is sure to fight to retain.

CoStar Economy is produced this week by Christine Cooper, CoStar's managing director and chief U.S. economist.

Checkout our For Sale & For Lease Listings

Wed, 18 Sep 2024 17:21:28 GMT

Commercial Real Estate Deal Flow Shows Signs of Revival

Tue, 20 Aug 2024 16:31:30 GMT

By Chad Littell
CoStar Analytics

August 20, 2024 | 9:53 AM

In commercial real estate, numbers tell the story, and as the third quarter of 2024 unfolds, the figures are beginning to shift the perception of future deal flow toward cautious optimism.

Through June of this year, total property sales of $211 billion exchanged hands across the five key sectors — office, industrial, retail, multifamily and hospitality. And while this represents a 4% decline from the previous year, overall transaction activity shows early signs of regaining its footing.

The turbulence of 2023, driven by soaring interest rates in the third quarter and deepening recession fears in the fourth, cast a long shadow over the market. Many sellers, wary of the economic uncertainty, hesitated to test the waters, holding back assets that might have otherwise hit the market.

As a result, transaction volume remained flat and bypassing its usual year-end surge. But as 2024 progresses, the tide seems to be turning.

The first quarter of 2024, still reeling from the previous year’s challenges, saw just $94 billion in deals — a 17% drop from the same time in 2023. Yet, the second quarter brought a renewed sense of optimism, with $117 billion in property changing hands, marking a 9% increase from the year before.

This cautious optimism extends beyond the recent uptick in sales. The market now watches closely for a potential interest rate cut by the Federal Reserve in September, a move that could align perfectly with the fall selling season.

As new investment opportunities flood the market after Labor Day, the prospect of lower borrowing costs could be the spark needed to accelerate deal flow. Armed with the potential for more favorable debt, buyers might find the confidence they’ve been waiting for, setting the stage for a robust finish to the year.

Taking a broader perspective and comparing current sales figures to pre-pandemic five-year averages reveals a clearer momentum. The first quarter of 2024 reached just 75% of the five-year average for the previous first quarters, but by the second quarter, that figure had climbed to 84%. This upward trajectory suggests the market is regaining its previous rhythm, with each quarter building toward a crescendo in the fourth quarter.

Meanwhile, core property markets such as New York, Los Angeles, Dallas-Fort Worth, Atlanta, Chicago and Boston are already outpacing their prior two-year averages for property sales, signaling that transaction volumes may have found a bottom. In other major markets, such as Denver, Miami, Minneapolis, Orange County, San Diego and San Jose, transaction volumes hover around their two-year averages, indicating a stabilization that could herald a broader market recovery.

As 2024 enters its final stretch, the focus remains on the Federal Reserve and the potential for interest rate cuts. Should the current trend hold, with third-quarter volumes surpassing those of the second, the market could be on the brink of resurgence. The recent slump in transaction volumes could soon be a thing of the past as the commercial real estate sector regains momentum in deal flow, even as uncertainty around pricing persists.

AUGUST 2024 Newsletter

Fri, 02 Aug 2024 18:08:48 GMT

Your Commercial Real Estate Update from Chad Heer, CCIM
AUGUST 2024

For Sale | 649 Grand Ave Mixed Use Two-Buildings

Thu, 01 Aug 2024 16:51:18 GMT

For Sale | 649 Grand Ave Mixed Use Two-Buildings

Property Description

Welcome to 649 Grand Ave, a prime Investment (or Owner-User) opportunity in the heart of Saint Paul. This charming portfolio of two buildings, plus a one-stall garage totals 8,347 SF. Comprised of approximately 12 units, this offering presents a historic allure with its establishment in 1908. With its classic architecture and versatile layout, this property offers endless potential for customization and future returns. Don't miss the chance to own a piece of Saint Paul's rich history while making a sound investment in the thriving commercial real estate market.

Location Description

Discover the vibrant allure of Saint Paul, a hub of activity and opportunity for office and office building investors. The area surrounding the property is steeped in culture and convenience, with nearby points of interest including the historic Cathedral of Saint Paul, the charming shops and restaurants along Grand Avenue, and the lively energy of Summit Avenue. With its blend of rich history, thriving commercial scene, and scenic beauty, Saint Paul offers a welcoming environment for businesses and employees alike. Embrace the dynamic spirit of the city and envision the possibilities that await in this prime location.

Home Construction Picked Up in June. Multifamily Housing Is Why.

Wed, 24 Jul 2024 13:23:01 GMT

Home Construction Picked Up in June. Multifamily Housing Is Why.

In June, US housing starts increased by 3% to an annualized rate of 1.35 million, primarily due to a significant 19.6% rise in multifamily construction .

Single-family: Government data released Wednesday shows that single-family housing starts to fall by 2.2%, reaching an annual rate of 980,000 units. Despite this decline, single-family starts have increased by 16.1% year-to-date in 2024. High mortgage and construction loan interest rates have dampened single-family production and demand.

Building permits: Overall, residential building permits rose by 3.4% to an annualized rate of 1.45 million units in June. Single-family permits decreased by 2.3%, while multifamily permits surged by 15.6% to an annualized pace of 512,000 units. Homebuilder confidence hit a yearly low amid high mortgage rates and weak demand, prompting builders to offer incentives and cut prices.

Completions: Multifamily completions hit a seasonally adjusted annual rate of 673,000 in June, the highest since May 1986. However, the total number of units under construction decreased, with single-family homes down by 1.3% and multifamily units by 1.6%. The number of multifamily units under construction is at its lowest since August 2022.

➥ THE TAKEAWAY

Big picture: Multifamily projects are buoying the housing market, while single-family construction faces headwinds from high mortgage rates and affordability issues. Despite this, builders have a more optimistic six-month sales outlook, anticipating lower rates as inflation eases.

Powell Warns of Higher-for-Longer

Thu, 11 Jul 2024 15:43:34 GMT

Powell Warns of Higher-for-Longer

Powell Hints at Possible Rate Cut Amid Risks of Higher-for-Longer

In testimony before the U.S. Senate Banking Committee Tuesday, Fed Chair Powell told the committee that a federal funds rate cut might be coming soon.

State of the market: Since the July meeting of the Federal Open Market Committee, the Fed has kept the key interest rate between 5.25% and 5.5%. Powell reiterated the Fed's target of 2% inflation, noting that early 2024 data did not inspire confidence that this goal was within reach. However, he highlighted recent improvements in inflation data, suggesting some progress toward the target. Powell also described the jobs market as "strong, but not overheated."

What about CRE? During his testimony before the Senate Banking Committee, Powell highlighted the enduring nature of commercial real estate risks, advising banks to honestly assess their exposure and ensure they have adequate capital, liquidity, and risk management systems in place. “It is a risk that has been with us and will be with us for some time, probably for years,” he stated.

Stress test: The Fed's most recent stress tests show large banks can manage CRE risks, while most small banks are similarly equipped. However, the top 25 largest banks are experiencing more loan delinquencies. Loans for non-owner-occupied properties held by banks with over $100 billion in assets have over 4.4% delinquency rates in Q1, compared to less than 1% for smaller banks and owner-occupied loans, per S&P Global Market Intelligence.

Risks of higher for longer: Powell acknowledged the risks of prolonged high rates, stating that maintaining elevated inflation is not the only concern. He warned that reducing policy restraint too late or too little could significantly weaken economic activity and employment. He also said that a weakening labor market is just as much a risk to the economy as high inflation.

➥ THE TAKEAWAY

Looking ahead: Following Powell's comments, investors maintained a nearly 70% probability of a Fed rate cut in September, according to Reuters. Brian Jacobsen, chief economist at Annex Wealth Management, said that Powell seems to be preparing for a rate cut, as the Fed views delaying such action as risky.

SBA unveils new working capital loan program

Tue, 18 Jun 2024 16:45:17 GMT

SBA unveils new working capital loan program

The Small Business Administration is rolling out a new structured line of credit that aims to offer more flexibility to lenders and small-business owners.

The 7(a) Working Capital Pilot Program would use a fee structure similar to the agency’s existing Export Working Capital Program and its SBA Express loans offering, under which there are no fees for loans under a certain amount but gradually scale up as the loan gets larger. The fee structure also changes based on whether the loans are shorter or longer than 12 months.

The line of credit would be extended by existing SBA 7(a) lenders and backed with an SBA guarantee. The agency, which announced the program Thursday, said more details are to come ahead of a launch later this year.

JUNE 2024 Newsletter

Wed, 12 Jun 2024 15:18:44 GMT

Your Commercial Real Estate Update from Chad Heer, CCIM
JUNE 2024

Retail Availability Hovers at Historic Low

Tue, 21 May 2024 19:24:59 GMT

This year’s ICSC Las Vegas revealed that retail space availability was top of mind among attendees, according to CoStar. In fact, retail space availability has fallen to historic lows this year, just a hairsbreadth above 4.5%, down for nearly 10 years straight (with a slight reprieve in the pandemic years) from 7.5% in 2014.

🏬 CRE Sales Show Signs of Recovery

Mon, 13 May 2024 18:19:35 GMT

CRE Sales Show Signs of Recovery

CRE Sales Transaction Showing Signs of Recovery

Moody's sees early signs of a recovery in CRE as the decline in transactions slows. Despite Powell urging "patience," a rate cut later this year could bring vital relief for capital markets.

Signs of life: CRE transactions decline has moderated to -8% year-over-year in Q1 2024, a significant improvement from -18.4% in Q4 2023 and -55.1% in Q2 2023. Though office transactions have fallen in Q1 2024, the decline mainly reflects the effect of large deals in Q4 2023, such as a $2 billion transaction at 250 Vesey Street and a $1.5 billion deal at Two Manhattan West.

MAY 2024 Newsletter

Thu, 09 May 2024 13:27:09 GMT

Your Commercial Real Estate Update from Chad Heer, CCIM
MAY 2024

694 Garage Condos For Sale

Thu, 02 May 2024 14:42:39 GMT

694 Garage Condos For Sale

900 - 2700+ SF (Plus Mezzanine) per unit ... Customize !!

Are you looking to OWN a warehouse, garage or flex space condo in the Twin Cities metro at an affordable price? This is it !

TONS OF OPPORTUNITIES:
Contractor Warehouse/Office/Storage, Luxury Garage, Customized Man Cave, Office/Flex space, Print Shop, Car Detailing or Private repair, Showroom, etc...

Association-maintained development with secure, gated access to units, prime visibility to 694 and easy access for owners or visitors.

C-2 Zoning allows a variety of permitted uses (See more details under DOCUMENTS)

Base Pricing includes the following: Main Floor ~ 900 SF + ~ 300 SF Mezzanine, Roughed-In Bathroom, In-Floor Heat + Floor Drain,
2+ Outdoor Parking Stalls, 12' X 14' Garage Door, Clear Height 16' up to 24' & Energy efficient LED lighting

BROKER ESTATE BUILDING CONFERENCE 2024

Tue, 23 Apr 2024 19:18:08 GMT

Join this extraordinary learning event!

Listings Closed!

Tue, 23 Apr 2024 18:29:05 GMT

Congrats to our clients!!!

APRIL 2024 Newsletter

Wed, 10 Apr 2024 20:13:40 GMT

Your Commercial Real Estate Update from Chad Heer, CCIM
APRIL 2024

Thank you for the 5 stars! ⭐⭐⭐⭐⭐

Wed, 10 Apr 2024 14:45:42 GMT

Thank you for the 5 stars!

Thank you for taking the time to leave a positive review. We appreciate it!
Google Review | http://search.google.com/local/writereview?placeid=ChIJj1TIuWkp9ocRwm0s-b7rvbs

JUST LISTED! 2 property investment portolio

Tue, 09 Apr 2024 15:47:59 GMT

Great investment opportunity in prime Merriam Park neighborhood. Eleven individual office spaces in two SFHS located next to each other. Includes 8 dedicated off street parking spots. Buildings are SUPER clean and have very quiet professional environment with multiple long term tenants. These properties are beautiful inside and out and have been meticulously cared for. Quick close possible.

Located on Selby Avenue in prime Merriam Park neighborhood! Close to Snelling Avenue and I-94

Includes buildings, land and leases
Highly desirable Merriam Park neighborhood
Trendy retail area with Patina Stores, Yum! Kitchen, Dunkin' Donuts, Whole Foods, Starbucks & so much more !
Within walking distance of Allianz Stadium (Home of the MN United)
Properties have been well maintained and are finished out nicely
8 dedicated off street parking spaces
Established multiple tenants in each building

MBN Shred Event April 20 2024

Wed, 27 Mar 2024 17:44:17 GMT

Start Your Spring Cleaning After Tax Time at the MBN Shred Event !

When? Saturday, April 20, 2024 10:00 am - 12:00 noon

Why? This is our way of saying thank you for being a valuable partner in the community. Friends and Family Invited. Coffee and donuts provided.

What Can I Bring? Your personal boxes of shredding (financial, medical, personal); preferably in a recyclable paper bag, but cardboard or other non-paper bags are fine. Staples, paper clips and rubber bands are all OK, however, please be sure to remove 3-ring binders, large binder clips, plastics, or metals.

The Fitz Flats Retail Center

Tue, 26 Mar 2024 20:27:04 GMT

This is your opportunity! A complete, high quality renovation of this entire mixed use property at the key corner of downtown St. Paul! Amazing visibility and traffic counts will add to your business accessibility. MN Children's Museum across the street.

Variety of options for this street-level space:
Pet-related business, non-profit, professional services group, coffee/cafe, boutique retail, office/showroom or medical!

One smaller space of ~ 350 RSF as you enter the residential/apartment units &
a larger space of approximately 3,000 SF; which can be demised.

Street parking, parking garage and possible lot parking north of the property.

Contact Chad (612.963.5147) or Adam (262.385.4409 for more details

Federal Reserve Still Sees 3 Rate Cuts In 2024 But Holds Rates Steady For Now

Mon, 25 Mar 2024 13:19:14 GMT

Federal Reserve Still Sees 3 Rate Cuts In 2024 But Holds Rates Steady For Now

March 20, 2024 Dees Stribling, Bisnow National

The Federal Open Market Committee on Wednesday didn't budge on interest rates, noting that it “does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent,” the central bank said in a statement .

Nine FOMC members said they believe three interest rate cuts this year are appropriate, in line with what the committee indicated in December. Five other members indicated that two cuts would be the correct course, according to materials released by the Federal Reserve Wednesday .

March 2024 Newsletter

Fri, 15 Mar 2024 18:22:03 GMT

MARKET SNAPSHOT

Fri, 15 Mar 2024 16:16:23 GMT

LOAN ORIGINATIONS

Yardi Matrix Reveals $525 Billion Multifamily Loan Maturity Wave by 2029

A new Yardi Matrix report reveals a staggering $525 billion in multifamily property loans set to mature by 2029, casting a shadow over nearly half of the sector's $1.1 trillion debt portfolio.

Coming due: Over the next five years, more than 58,000 multifamily properties, representing nearly half of the sector's $1.1 trillion in outstanding loans, are on the maturity docket. In the shorter term, nearly $150 billion in loans across 6,800 properties are due by the end of 2025.

Zoom in: Property owners face daunting refinancing conditions, including elevated interest rates, declining property values, and slowing rent growth due to an influx of new units. The burden of maturing debt is unevenly distributed across the US. Atlanta leads with a looming $34.9 billion, followed by Dallas at $26.6 billion, with Denver, Houston, New York City, and Chicago close behind.

On the horizon: Yardi's database reveals that $61.8 billion in loans will mature in 2024, with a peak of $107.3 billion set for 2028. There's a wide range in the timing and source of these loans: nearly half of the debt-fund loans will mature by the end of 2025, and around a quarter of loans from commercial banks and CMBS will do the same. Fannie Mae and Freddie Mac loans make up the bulk of the maturities but with a longer timeline, mostly extending beyond five years.

➥ THE TAKEAWAY

Why it matters: The financial landscape of multifamily is shifting under the pressure of rising interest rates. Fannie Mae and Freddie Mac loans have seen their delinquency rates increase from 0.1% to 0.4% since before the 2022 rate hikes. The jump in CMBS loan delinquencies is even more pronounced, soaring from 1% to 1.8% in just over a year. With Fitch forecasting CMBS delinquencies potentially hitting $1.3 billion—a figure eclipsing pandemic-related losses—the once beloved sector is facing heightened financial stress.

Congrats to our clients! February 2024

Thu, 15 Feb 2024 21:08:53 GMT

FEBRUARY 2024! CONGRATS TO OUR CLIENTS!

PRICE REDUCTION 944 Grand Ave

Thu, 15 Feb 2024 21:08:42 GMT

PRICE REDUCTION TO $624,900

944 Grand Avenue Saint Paul, MN 55105

More info here https://buildout.com/website/944GrandAve?template_id=5

Check out more of our listings here!

https://www.summitcommercialrealestategroup.com/portfolio

Economy Keeps Humming Along, Defying Forecasts

Thu, 01 Feb 2024 16:30:58 GMT

Economy Keeps Humming Along, Defying Forecasts

Consumers helped drive another quarter of strong economic growth to close the year.

The Bureau of Economic Analysis reported last week that real gross domestic product grew by 3.3% annualized during the fourth quarter, easily beating expectations. The news was the final proof confirming that the U.S. avoided a widely expected recession in 2023, leaving many economists more optimistic about the prospects for 2024.

For the Federal Reserve, which remains committed to bringing inflation back to its 2% target rate, the report might suggest that rate cuts in the first half of this year may not be warranted.

Click the button below to view the full article.

SOLD! Copper Hen

Tue, 16 Jan 2024 21:27:33 GMT

OFF MARKET OFFICE CONDO FOR SALE | Roseville & Little Canada Area

Thu, 11 Jan 2024 20:16:18 GMT

CONGRATS to our clients -- SALE-LEASEBACK!

Mon, 08 Jan 2024 14:47:54 GMT

CONGRATS to our clients -- SALE-LEASEBACK!

Chamber Check In

Wed, 27 Dec 2023 18:55:14 GMT

Check out LIVE Chamber Check-In featuring Chad Heer from Keller Williams Real Estate, and Matt Born with Hiway Credit Union.

AirDNA 2024 U.S. Outlook Report

Wed, 20 Dec 2023 17:52:23 GMT

U.S. 2024 Short-Term Rental Outlook Report - Many of our commercial RE clients have a STR component to their Multi-Family assets ... AirDNA provides some valuable insights into this and the overall economy ... HAPPY READING

Copper Hen Pending!

Thu, 14 Dec 2023 15:04:01 GMT

Beautifully remodeled building on Eat Street in the Whittier neighborhood of Minneapolis.
This 3-unit (Two Retail + One Residential Unit on second floor) has been carefully maintained and is ready for its new owner.
Pride in ownership throughout, with many updates.

Recession, what recession ? Consumers are spending money .... Online retailers are crushing it

Wed, 29 Nov 2023 17:51:04 GMT

Recession, what recession ? Consumers are spending money ....

Online retailers are crushing it

ILLINOIS MICHIGAN MINNESOTA TEXAS RETAIL

Some holiday cheer for retailers: Consumers spent more than $9 billion in online sales this Black Friday

DAN RAFTER NOVEMBER 27, 2023

IMAGE BY WOKANDAPIX FROM PIXABAY

Retailers received an early holiday gift this year: Shoppers spent more than $9 billion in U.S. online sales on Black Friday.

According to Adobe Analytics, U.S. shoppers spent $9.8 billion when shopping online this Black Friday. That is up 7.5% from last year.

And that’s not the only good news for retailers. Adobe also predicts that Cyber Week, which runs from Thanksgiving to Cyber Monday, will generate $37.2 billion in U.S. online sales, accounting for about 17% of all sales for the holiday season.

Researchers for Adobe said that this Black Friday saw an all-time high in dollars spent.

“Black Friday re-asserted its dominance this season,” said Vivek Pandya, lead analyst with Adobe Digital Insights, in a statement. “The decline in online prices over the last year has created a favorable environment for consumers with strong discounts this season that are tempting even the most price conscious consumers.”

What did shoppers buy this holiday season from their laptops, tablets and phones? Smartphones topped the list.

According to Adobe, smartphones accounted for $5.3 billion of online sales on Black Friday, up 10.4% from last year. Smartphone sales accounted for 54% of all online sales on the day after Thanksgiving.

This doesn’t mean that shoppers were willing to spend indiscriminately this Black Friday. Adobe reported that consumers were frugal in at least one way: They didn’t overspend for faster shipping. According to the company’s research, 80.5% of online shoppers this Black Friday used standard shipping, instead of pricier and faster options, when ordering their items.

JUST LISTED! 944 Grand Ave

Thu, 26 Oct 2023 19:21:58 GMT

Are you a business owner looking for office space, or an investor looking to lease up a property in a high-demand area of St. Paul?
This property checks all the boxes as it has been updated throughout, sits on an oversized 60' X 150' lot, with two garages, parking pad and has a large/private backyard. ADA compliance/ramp. Multiple offices on main level and one large office on upper level.
Lower Level has possibilities to keep as storage/mechanicals or finish into residential or additional office use

Just Sold 897 Saint Paul Ave

Tue, 24 Oct 2023 18:45:30 GMT

Congrats to our client, Bellmont Partners

Fri, 20 Oct 2023 15:18:30 GMT

Congrats to our client, Bellmont Partners, on their refreshed space and renewed lease. With excellent terms. We’re excited for your continue growth.

Estate Planning Training/Events

Tue, 17 Oct 2023 14:16:53 GMT

If you're looking for Estate Planning expertise you must check out these amazing training / educational events from our friends at Salter Law.

Here are the upcoming Salter Law LLC complimentary workshops/events we are offering in the coming weeks that may benefit your clients. Let’s catch up over coffee in November to hear more how we can help your clients and prospects:

Navigating Grief Over the Holidays

Date/Time: October 21, 2023 from 11:00 am – 12:00 noon
Location: Hosted by Salter Law LLC at their Roseville office located at: 1711 County B Rd W, Roseville MN 55113 in the first floor conference room; free parking and a wheelchair accessible entrance
Topic: This hybrid in-person/online seminar addresses how to manage expectations and request changes to holiday traditions to accommodate grief.
Presenters: Being With Grief , Salter Law LLC is hosting Dan and Nancy Loeffler, founders of Being With Grief for a two-part series on understanding and managing your grief.
Cost: FREE; coffee and donuts will be served
Learn more and Register at: https://www.salterlawllc.com/workshops/navigating-grief-during-the-holidays-2023-10-21

Silver Umbrella Seminar – Tips for Downsizing and Senior Relocation Solutions

Date/Time: Monday, October 23, 2023 from 10:00 am – 11:30 am
Location: Hosted by the Korby Home Team at Keller Williams Integrity Realty Roseville, at their Roseville office located at: 2660 Arthur St, Roseville MN 55113 in their training room; free parking and a wheelchair accessible entrance
Topic: In this in-person seminar, they will address your most pressing questions on real estate, financial planning, legal considerations, and emotional support during this important life change. Gain insights, reduce stress, and make informed decisions.
Presenters: The Silver Umbrellas are a group of local Senior Transition industry experts who provide solutions that protect seniors across all seasons. They include: Salter Law LLC , Korby Home Team , Soft-Landing Transitions , The Pack-Up Artist
Cost: FREE; coffee and donuts will be served
Learn more about the Silver Umbrellas and Register at: https://www.salterlawllc.com/workshops/silver-umbrella-senior-relocation-solution-2023-10-23

Shred Event – Make Room for the Holidays with Salter Law LLC

Date/Time: Saturday, October 28, 2023 from 10:00 am – 12:00 am
Location: In the parking lot of our Salter Law LLC office at: 1711 County B Rd W, Roseville MN 55113. Here is the Google Maps link to our office: https://goo.gl/maps/oQuCsC8THTQVF3Pn7
Who is offering the shredding services? ShredRight will have their shredding truck available in our parking lot. Learn more about their shredding services at https://shredrightnow.com/
How does the shredding process work? Your shredding material will be transferred from your boxes or bags into our secure shred bin for destruction. There is a lift on the truck that will take that secure shred bin up and dump your materials into the shredder. All documents are shred on location as we receive them from you. Your cardboard boxes and non-paper bags will then be returned to you.
What can I bring? Your boxes of paper shredding (financial, medical, personal); preferably in a recyclable paper bag, but cardboard or other non-paper bags are fine. Staples, paper clips and rubber bands are all OK, however, please be sure to remove 3-ring binders, large binder clips, plastics, or metals. Paper will be emptied from your boxes into their bin.
What happens to the paper once it’s shredded? The shredded paper is processed for recycling and the vast majority is re-pulped into standard household products such as bathroom tissue, Kleenex and paper towels.
Questions: call or text our office is (651) 641-0001
Cost: FREE to MBN members and their clients; grab a coffee and donuts while they shred your items
FOR FUTURE: We will be offering a group MBN shred event on Saturday, April 20, 2024 from 10:00 am – 12:00 noon; let Salter Law LLC know if you’re interested in participating and we will share the cost.

Do You Need a Will or a Trust – Which Estate Plan Works Best for You?

Date/Time: Tuesday, November 14, 2023 from 10:15 am - 11:30 am
Location: Hosted by the St. Anthony Community Center located at: 3301 Silver Lake Rd NE, St. Anthony MN 55418 in Room CS9; free parking and wheelchair accessible; coffee and donuts provided
Topic: In this community education in-person course, learn the different routes wills and trusts use to pass down your assets to your loved ones and which vehicle works best for certain life circumstances. Hear how a will and a trust can avoid common roadblocks, like probate and estate tax, and how a Power of Attorney and Health Care Directive can further prepare you for unexpected turns should you become incapacitated due to an accident or illness so you can protect your assets throughout your lifetime and provide for your loved ones further down the road.
Presenters: David P. Salter is the owner and attorney-at-law of Salter Law LLC ; he’s been practicing in estate planning and estate administration for over 30 years and enjoys sharing his legal guidance with the community to ensure your assets are protected at life’s transition points to ensure a safe and smooth passage of your assets onto your loved ones.
Cost: $5; call the office if you need financial assistance as they do offer tuition assistance.
Learn more and Register at: https://stanthony.ce.eleyo.com/course/3209/fall-2023%E2%80%942/do-i-need-a-will-or-a-trust or call the St. Anthony/New Brighton Community Services office at: 612-706-1166.

Protecting the Family Cabin from Long-Term Care Costs

Date/Time: Wednesday, November 15, 2023 from 7:00 pm – 8:00 pm CDT; recording available for those who have registered
Location: Zoom link sent as part of registration confirmation
Topic: In this LIVE webinar, many of us see our lake homes and cabins as heirlooms, not assets, and we want to pass them on to our kids and grandkids. But with inheritance taxes and end of life health care costs, that dream is increasingly difficult. Minnesota residents can now establish a new type of trust to protect their assets from the potential long-term care costs. Learn how these types of trusts differ from Revocable Living Trusts (RLTs) and other irrevocable trusts.
Presenters: David P. Salter is the owner and attorney-at-law of Salter Law LLC ; he’s been practicing in estate planning and estate administration for over 30 years and enjoys sharing his legal guidance with the community to ensure your assets are protected at life’s transition points to ensure a safe and smooth passage of your assets onto your loved ones; Hosted by Jeff Forester, the Executive Director of MN Lakes & Rivers Advocates
Cost: FREE
Learn more and Register at: https://www.salterlawllc.com/workshops/protecting-cabins-from-long-term-care-costs-2023-11-08

How to Meet Grief

Date/Time: Saturday, November 18, 2023 from 11:00 am – 12:00 noon
Location: Hosted by Salter Law LLC at their Roseville office located at: 1711 County B Rd W, Roseville MN 55113; in the first floor conference room (there is free parking and a wheelchair accessible entrance); coffee and donuts served
Topic: This hybrid in-person/online seminar shares how to meet grief when it arises in everyday life, how to create boundaries, and where to find help. Too often we attempt to struggle through the difficult times but knowing there are resources can help ease the journey.
Presenters: Dan and Nancy Loeffler are the founders of Being With Grief . As grief counselors, they are offering this two-part series on understanding and managing your grief.
Cost: FREE; coffee and donuts will be served
Learn more and Register at: https://www.salterlawllc.com/workshops/how-to-meet-grief-2023-11-18

Cabin Legacy Planning

Date/Time: On-demand; available anytime
URL to View: Listen to our free on-demand webinar: https://www.salterlawllc.com/videos-cabin-legacy-planning
Presenters: David P. Salter is the owner and attorney-at-law of Salter Law LLC ; he’s been practicing in estate planning and estate administration for over 30 years and enjoys sharing his legal guidance with the community to ensure your assets are protected at life’s transition points to ensure a safe and smooth passage of your assets onto your loved ones; Hosted by Jeff Forester, the Executive Director of MN Lakes & Rivers Advocates
Topic: How to ensure your family cabin is protected for generations to come with a Cabin Trust

Woodbury area of the Twin Cities

Thu, 12 Oct 2023 13:28:08 GMT

If you're interested in the Woodbury area of the Twin Cities, check out this

link for active Residential & Commercial developments in the area ... Tons of info!!

2023 State of the City Summit

Wed, 11 Oct 2023 19:34:01 GMT

Please join us on Monday, October 16th for the 2023 State of the City Summit!

We will be featuring the following panel:

Dan Roe - Mayor of Roseville

Kari Niedfeldt-Thomas - Mayor of New Brighton

Sue Denkinger - Mayor of Shoreview

David Grant - Mayor of Arden Hills

The Fitz Purchase

chadheer@kwcommercial.com (Chad Heer) — Tue, 03 Oct 2023 19:30:03 GMT

A glimmer of hope

Mon, 25 Sep 2023 13:08:27 GMT

Federal Reserve Holds The Line On Interest Rates At September Meeting

Federal Reserve officials announced on Wednesday the central bank wouldn't raise the federal funds rate, keeping it in the range of 5.25% to 5.5%. The Fed has raised the rate 11 times since early 2022, when U.S. inflation spiked.

The central bank isn’t necessarily finished hiking rates, though.

Just Sold! Office Condo!

Tue, 05 Sep 2023 20:35:40 GMT

Just Sold! �� Office Condo Success Story!

Got one to sell? Let's chat! ��612 963 5147 #OfficeCondos #RealEstateWin

Millionaire Business Network

Wed, 16 Aug 2023 21:11:23 GMT

Millionaire Business Network

Are you looking for a way to work more effectively ON your business vs IN your business ?

I've been fortunate to build a local Twin Cities Chapter of The Millionaire Business Network | MBN
Where we come together monthly to LEARN, NETWORK, HOLD EACH OTHER ACCOUNTABLE, MASTERMIND &
PASS ALONG REFERRALS ...
We are inviting guests to stop out August at 9am, August 17th
Contact Chad at 612.963.5147 to RSVP TODAY !!

CoStar Economy: Optimism Abounds As the Economy Powers Forward

Fri, 04 Aug 2023 13:21:42 GMT

CoStar Economy: Optimism Abounds As the Economy Powers Forward

Optimism Abounds As the Economy Powers ForwardAfter many months of predicting a recession, Wall Street is celebrating recent economic news suggesting that the economy is powering through the Federal Reserve’s interest rate hikes and seems ready to emerge in pretty good shape.

The term soft landing is being bandied about as economic growth accelerates and economy watchers cast off recession calls. According to the Bureau of Economic Analysis , real gross domestic product (GDP) grew by 2.4% annualized in the second quarter of 2023, faster than the first quarter’s 2% annualized rate, and faster than the economy’s overall long-term expected sustainable growth rate..New Paragraph

Oxboro Service Center

Wed, 26 Jul 2023 18:55:37 GMT

Property Description

This former SNAP Fitness space is ready for your business! PRIME visibility on Lyndale Avenue in Bloomington. 3.77 for Tax/SF 1.53 for CAM/SF

Highlights

Tenant Improvement dollars available
New ownership that is investing in the retail center
PRIME retail location with visibility for your business

1472 Grand Ave

Tue, 25 Jul 2023 14:22:50 GMT

Property Description

Beautiful and spacious mixed use/commercial building offers a rare & luxury opportunity for small business owners and investors. Situated on a double lot in prime Grand Ave location, the elegant main level offers an ideal business location for a variety of small businesses. The current owner has operated a successful hair salon for more than two decades and all FF&E could be included for the next salon to lease.

Plenty of overflow commercial parking in rear of property. Pride of ownership abounds as this entire property, inside and out, has been meticulously maintained. Minutes away from shopping, dining, universities and more!

For Lease: Main floor and 1/2 of lower level; approximately 2,116 SF Available 9/1/23 Turnkey hair salon, plus massage therapist space in LL. 7 chairs, with possibility for up to 8. All FF&E can be included.

Highlights

Off-street parking in rear of building
Turn-key salon with FF&E OR Professional Services use would be great for this location
Area amenities so close; including restaurants, universities, coffee shops & shopping!
High quality, luxury property for your business

The 1:60 Rule – RESET to Hit Your Goals (3 Min Read)

Wed, 19 Jul 2023 17:37:25 GMT

This is so critical as we push past mid-year! Course correction along the way is key!!

JUST LISTED! Luxurious Grand Avenue Salon or Professional Services use

Wed, 19 Jul 2023 16:36:18 GMT

This former SNAP Fitness space is ready for your business! PRIME visibility on Lyndale Avenue in Bloomington.

Every business has TWO functions...✌️

Wed, 12 Jul 2023 19:21:21 GMT

Every business has TWO functions...

Here's this week's video message! Do you have something you'd like for me to share my thoughts on next week?! Reply to this email and let me know.

With Gratitude,

Abe Shreve

CEO

Business MAPS & The Millionaire Business Network

Launch YOUR Chapter of The Millionaire Business Network!

For the first time EVER, we're hosting a VIRTUAL MBN Boot Camp for our KW Agents that would like to launch a chapter and change lives with business owners and leaders in their community!

Join us THIS Thursday, and let's get your chapter launched!

Want to LEARN MORE?! Click HERE, and let's talk about it!

It's NOT too late!

Choose Difficult Podcast with Abe Shreve:

It's Season 4 of The Choose Difficult Podcast! Episode 1 features Jimmy Hinske. Jimmy served in the Navy as part of SEAL Team 6 and was part of the mission to rescue Jessica Lynch in 2003. Now he has a company that creates memorabilia for the families of fallen heroes. Take a listen this week and let me know what you think!

If you've missed out on other episodes, head to ChooseDifficult.com , where you can find past episodes.

BTW...Abe Shreve is also hosting another podcast with our friends at KW MAPS ! It's called The Coaching Lifeline , and it's REALLY good if we don't say so ourselves, so check it out! This great episode features Julia Lashay Israel

When you'd listen, we'd love for you to take a moment to leave us a

️ ️️️️ review!

JUST LISTED! Oxboro Retail Service Center

Wed, 12 Jul 2023 19:01:57 GMT

This former SNAP Fitness space is ready for your business! PRIME visibility on Lyndale Avenue in Bloomington.

Prospect Park Flex-Warehouse at 61 Bedford

Tue, 11 Jul 2023 17:45:55 GMT

You will love this property, within a block of the Green Line | Westgate Station, as well as numerous amenities in the area. Amazing location on University, just west of Hwy 280, south of Surly Brewery and Malcolm Yards. Tons of area development that welcomes thriving businesses. A variety of uses are possible for this Office/Flex-Warehouse-Light Industrial property that has Parcel Zoning of R-4 and Transit 10, R-4 to be replaced by CMU (Community Mixed Use).
$16.50/SF Modified Gross (doesn't include utilities, phone/data or janitorial).
8160 Total SF (~2660 SF Office/Flex and 5500 SF Warehouse/Industrial). 3 Garage Doors and ample parking.

Office Values Down 27% Over Last 12 Months, Apartments Drop 16%

Tue, 11 Jul 2023 14:11:07 GMT

Office Values Down 27% Over Last 12 Months, Apartments Drop 16%

Office values are down, which is no surprise & Hospitality is seeing an uptick.

CompStak Webinar | Banking Crisis

Mon, 10 Jul 2023 13:49:27 GMT

CompStak Webinar | Banking Crisis

All you need to know about the regional banking "crisis" from our friends at CompStak.

In the past month, our friends at Compstak hosted a webinar on how the regional banking crisis is impacting the commercial real estate landscape and a follow up live Q&A session to dive into your questions.

Check it out!

Winsor Office Plaza

Thu, 06 Jul 2023 15:03:17 GMT

"�� Prime Location Alert! �� Discover the perfect workspace at our multi-tenant office building in Roseville, MN! Situated next to a convenient busline, top-notch restaurants, fantastic shopping, and The Rosedale Center, this vibrant hub offers everything you need. �� Choose from a wide range of suites tailored to accommodate businesses of all sizes. �� Let's elevate your office experience together! �� #RosevilleMN #OfficeSpace #ConvenienceAtItsBest"

Earley Lake Office Park

Wed, 05 Jul 2023 14:32:06 GMT

New Title

Upgrade your workspace game with our range of flexible office solutions! From single offices to spacious suites with private entrances, we've got you covered. Say goodbye to hefty furniture expenses, as all our suites come fully furnished at no additional cost. Plus, enjoy the convenience of modified gross rents. Elevate your productivity and style in a workspace that's tailored to your needs.

Preplan your fights! 💣💥

Thu, 29 Jun 2023 14:19:48 GMT

Preplan your fights!

Some great insights from Abe Shreve, our CEO at Business MAPS ...

How do YOU balance 'Explore Mode' vs 'DO Mode' ?

CoStar Economy: Consumers Are Doing Alright, So Far

Wed, 21 Jun 2023 20:35:17 GMT

CoStar Economy: Consumers Are Doing Alright, So Far

The body content of your post goes here. To edit this text, click on it and delete this default text and start typing your own or paste your own from a different source.

Just Listed! Earley Office Condo

Wed, 21 Jun 2023 17:33:36 GMT

Just Listed! Earley Lake Office Park

Description

Single offices up to a suite with private entrance, furnished suite
All suites have furniture provided at no cost
Modified Gross rents

Highlights

Fully furnished suites
Common amenities: Share conference room with kitchenette, main floor kitchenette, mail room and free parking, along with
patios in back of building
Fully updated building and new owner
Onsite property management

Highland Park St. Paul 3 total unit portfolio | Duplex + Large Single Family Home

Wed, 21 Jun 2023 15:10:00 GMT

Highland Park St. Paul 3 total unit portfolio | Duplex + Large Single Family Home

Seller is offering the sale of this smaller investment portfolio at a

6% Interest Rate, 30-year AM, 24-month balloon Contract For Deed!

Call Chad or Michael TODAY!

What Is Happening in the Labor Market?

Fri, 09 Jun 2023 15:21:46 GMT

What Is Happening in the Labor Market?

Two Employment Surveys Diverge

By Christine Cooper and Rafael De Anda
CoStar Analytics

June 7, 2023 | 8:54 A.M.

Most market watchers last week were surprised to see that employers continued to hire at a robust pace in May.

The Bureau of Labor Statistics reported that nonfarm employment grew by 339,000 positions in the month. Furthermore, nonfarm job growth in April and March was revised higher by a total of 93,000 positions.

The new data brings the three-month moving average of job gains to 283,000, almost three times the number that the Federal Reserve thinks is enough to account for population growth and keep the labor market in balance — and to keep inflation restrained.

Moreover, average hourly earnings showed a 4.3% gain over the year, faster than the 3.5% gain that the Fed is seeking. Other recent positive labor markets signs include a labor participation rate for workers under the age of 55 years that has returned to its pre-pandemic rate, an unexpected uptick in job openings , signaling continued demand for workers and a persistently low level of claims for unemployment benefits .

NAIOP Sees More Office Demand in 2024, Canada Wildfire Smoke Covers Parts of US, Mortgage Applications Fall

Fri, 09 Jun 2023 15:12:57 GMT

NAIOP Sees More Office Demand in 2024, Canada Wildfire Smoke Covers Parts of US, Mortgage Applications Fall

What You Need To Know To Start Your Day

NAIOP forecasters predict that U.S. office demand will rebound next year after several quarters in which more space was vacated than leased. (Getty Images)

By Lou Hirsh
CoStar News

June 7, 2023 | 8:37 P.M.

NAIOP Sees More Office Demand in 2024

A prominent industry group representing building owners and operators is projecting a rise in office demand in 2024, even as the beleaguered property category continues to see negative absorption for the rest of this year with more space being vacated than leased.

A report by two economists compiled for the National Association of Industrial and Office Properties, better known as NAIOP, projects the U.S. will finish 2023 with office demand at negative 24.4 million square feet. That would be slightly worse than the negative 21.3 million square feet through the end of 2022 and the first quarter of 2023, when national office vacancy hit its highest rate in nearly 30 years at 17.8%, according to a NAIOP forecast released Wednesday.

Incremental Goal Setting

Mon, 23 Jan 2023 17:31:45 GMT

We're 3 weeks into '23 and these words of wisdom by Abe Shreve of MAPS Business ring true for me and may be helpful to you !

Time to sell your commercial real estate?

Thu, 19 Jan 2023 15:34:18 GMT

CRE Update From Costar

chadheer@kwcommercial.com (Chad Heer) — Wed, 07 Dec 2022 17:16:47 GMT

Commercial real estate update from Costar ...

Some good news that we're seeing out there, per the article ...

+Rising interest rates have so far not created a wave of commercial and multifamily mortgage loan delinquencies, which stayed minimal by historical standards in the third quarter

+ Office use in major U.S. cities saw a significant post-Thanksgiving increase, returning to a peak average of 49% of pre-pandemic attendance for the week that ended Nov. 30

* Still going to see less employees going back to the office FT

#commercialrealestate #returntooffice #twincitiesrealestate #CREInvestment

SBA Loans 101: What Small Business Buyers and Sellers Need to Know

chadheer@kwcommercial.com (Chad Heer) — Wed, 30 Nov 2022 13:59:03 GMT

Check out this amazing resource on Small Business Administration lending for business owners; new and old, that are looking to finance their purchase, expansion, or other ....

We work with many businesses that have benefited from SBA loans

Office Occupancy May Have Jumped After Labor Day After All

chadheer@kwcommercial.com (Chad Heer) — Mon, 19 Sep 2022 19:14:49 GMT

Office Occupancy May Have Jumped After Labor Day After All

What are y'all seeing at your office buildings ? We're seeing a slight uptick in occupancy as noted in this article
and a variety of solutions by company leadership & HR departments ...

#officebuildings #occupancy #postpandemic

Investors Need to Face Distressed Assets Now

chadheer@kwcommercial.com (Chad Heer) — Fri, 26 Aug 2022 13:37:00 GMT

Investors Need to Face Distressed Assets Now

Commercial real estate investors need to address distressed assets with urgency, as interest rates rise and inflation continues to be a factor.

Record Job Count Backs Retail Sales and Return of Pre-Pandemic Vacancy

chadheer@kwcommercial.com (Chad Heer) — Wed, 24 Aug 2022 15:12:07 GMT

Strong hiring brings back some consumer confidence

Good to see employment numbers coming back up, especially

at restaurants / food service businesses. Are you seeing an improvement

in service at your local restaurant / bar ?

Article Link: Mixed-Use Building Boom

chadheer@kwcommercial.com (Chad Heer) — Tue, 09 Aug 2022 18:09:22 GMT

One major impact of COVID-19 has been growth in mixed-use projects in secondary and tertiary markets. Some great insights here from our CCIM Institute!

Just Sold! 8241 N Shore Trail, Forest Lake MN

Fri, 22 Jul 2022 21:34:43 GMT

We are so excited for the new owners of 8241 N Shore Trail on Forest Lake!

Jerry, his family & team, will be expanding their real estate & restaurant empire and our Seller is able to exchange into other commercial assets ...

Keep an eye out for the new restaurant / bar later this year.

Just sold 10 unit Hartford Ave

Fri, 22 Jul 2022 14:36:17 GMT

Congrats to our Highland Park / St Paul 10 Unit owner on the sale of this value-add property to a well-established owner
in the area that's going to put some new life into this property and lease it up !
Ironically, we've got an exciting retail lease coming soon just next door too (more details to come) !!

Top 8 Things to Consider When Selling Your Commercial Building

Tue, 22 Feb 2022 14:51:40 GMT

Top 8 Things to Consider When Sellin g Your Commercial Building

New Paragraph

Is the end of the Great Resignation near ?

chadheer@kwcommercial.com (Chad Heer) — Wed, 09 Feb 2022 17:39:48 GMT

Is this the END of the Great Resignation ?

Tight Labor Market Lifts Wages, Stoking Inflation Fears

Last summer, many expected that previously displaced workers would jump right back into work when enhanced and extended unemployment benefits expired. But for a handful of reasons, including fear of COVID exposure and large cushions of accumulated savings, many remained out of the labor force, especially those previously employed in low-paying sectors such as leisure and hospitality and retail, which typically involve high levels of face-to-face contact.

-CoStar Economy is produced weekly by Christine Cooper , managing director and chief U.S. economist, and Rafael De Anda , associate director of CoStar Market Analytics in Los Angeles.

Ready to leave downtown ? Roseville Office space ready now !

chadheer@kwcommercial.com (Chad Heer) — Fri, 07 Jan 2022 16:47:34 GMT

Ready to leave downtown? We have clean, safe and affordable space for you in Roseville! PLUS free parking

Call or Text Chad today at 612.963.5147 or via email at ChadHeer@KWCommercial.com

Ready to Get Outside and Be Active?

chadheer@kwcommercial.com (Chad Heer) — Fri, 28 May 2021 15:00:39 GMT

Donut Dash + Downtown Run Around Kickoff 5K!

Finishing a 5K race is something only 2.7% of people have accomplished, and the confidence and pride that comes from joining this small group has a powerful impact on the way our Members see themselves. Next weekend, several months after setting out on their very first mile, three teams of MiMS Resident Members will be completing their very first 5K.

Click Here for Full Details!

What do YOU think?

chadheer@kwcommercial.com (Chad Heer) — Tue, 25 May 2021 15:55:47 GMT

What do YOU think?

I'm doing an amazing training with our MN Commercial Association and this slide brings up solid points on both sides of the aisle ...

What do you think?

Let us know what YOU think!

LEASED UP & SOLD

websitebuilder@thryv.com — Tue, 02 Mar 2021 19:29:19 GMT

GREAT NEWS! We need MORE of these medical/healthcare buildings! Do you know someone we should be talking to? Call us TODAY 612-963-5147 !

HOW YOUR TEAM CAN ACHIEVE MORE WITH THE ONE THING

websitebuilder@thryv.com — Wed, 24 Feb 2021 21:45:32 GMT

How Your Team Can Achieve More With The ONE Thing

What would be possible if your boss understood and lived by the principles of The ONE Thing? For most people, the answer is EVERYTHING!

Changing your company culture is just ONE 2″ domino away, and Gary Keller said it best: “Your next step is simple. You are the domino.”

Join us LIVE TODAY at 3 PM CT and learn how to enlist the support of your boss and your team to live The ONE Thing so you can reduce micromanagement, create a common language to say “no” to distractions, and empower individuals to achieve more.

This month’s webinar is 100% free, so invite your colleagues and register now to make this your company’s most productive year yet.

Click HERE to register!

CREXI NATIONAL CRE TRENDS REPORT 2020 OVERVIEW

websitebuilder@thryv.com — Wed, 24 Feb 2021 19:58:57 GMT

February 5, 2021

INTRODUCTION

The coronavirus pandemic upended the commercial real estate market in 2020, with long-standing effects that will impact CRE sectors to various degrees. However, recovery is well on its way, and with it, foundational shifts in investor fundamentals, leasing demand, and the way we live. Our 2020 overview report dives into buying and leasing activity on Crexi throughout the year, comparing it to quarterly metrics and year-over-year data.

With these unique information and insights, we seek to shed light on the undercurrents of commercial real estate activity with an eye towards the sector’s future.

METRICS AND METHODOLOGY

This article relies on data from Crexi’s internal marketplace. In particular, to ascertain timely and representative trends in seller sentiment, this article focuses on offering metrics, such as average asking price per square foot, cap rate, and monthly rents, in addition to listed occupancy, tenancy, and square footage. Using these listing-based metrics and changes therein, we can use seller expectations at the time of listing to approximate overall valuation trends.

While these data aggregations may broadly reflect prevailing market conditions, it is essential to note that variations can also be affected by inventory changes, asset size, etc. We pair these data points with internal data from Crexi buyers on search trends and acquisition-related actions performed on Crexi to provide a holistic understanding of where both sides of commercial real estate are headed.

WHAT HAPPENED IN 2020…

Read the FULL article here!

TIME TO SELL YOUR DAYCARE BUILDING?

websitebuilder@thryv.com — Mon, 22 Feb 2021 20:00:41 GMT

BEAUTIFUL 7-UNIT SOLD IN ST. PAUL

websitebuilder@thryv.com — Wed, 17 Feb 2021 20:02:29 GMT

CONGRATS to our sellers on this incredible 7-Unit in St Paul!

WE NEED MORE LIKE THIS!! We specialize in these types of smaller multi-family assets! If you have an off-market asset like this, please LET US KNOW! We can get it SOLD without the hassle of listing it live!

LOOKING FOR SMALLER, SHORT-TERM OFFICE RENTAL OPTIONS?

websitebuilder@thryv.com — Tue, 09 Feb 2021 20:11:17 GMT

We’ve partnered with Tyler Schroeder from International Workplace Group!

Looking for smaller, short-term office rental options?

Short Term Executive Office Space! Fully Furnished & Turn Key!

Check this out!

For more information call TODAY!

Tyler Schroeder

Area Sales Manager

952 288 7103

Tyler.Schroeder@iwgplc.com

Mention promo code SUMMIT for a great discount!

JACKSON WOOLEMS – THRIVENT FINANCIAL

websitebuilder@thryv.com — Mon, 08 Feb 2021 20:12:59 GMT

Jackson is a fully licensed financial professional helping families in the Twin Cities find financial clarity. He will be running a series of virtual webinars to encourage you to take advantage of the following financial topics:

– From Me to We “How to navigate money talks in a relationships”

– Financial Aid and How to pay for Grad School “Tips on paying for higher education”

– Social Security “Get the most out of your Social Security”

– Taxes and Retirement “Understand ways taxes will affect your retirement”

Click HERE to RSVP!

Questions? Contact Jackson TODAY!

Jackson Woolems | Minnesota Valley Associates

1-812-686-0265

Jackson.Woolems@thrivent.com

WHEN YOU GET BACK TO YOUR OFFICE, HERE’S WHAT’S GOING TO BE DIFFERENT

websitebuilder@thryv.com — Tue, 02 Feb 2021 20:28:30 GMT

BY CHRIS TAYLOR | Fortune.com

January 31, 2021 5:00 AM EST

Say the word “office,” and what exactly comes to mind?

In 2021, it’s hard to even tell anymore. That’s because in this strange pandemic era, we all have very different experiences of the American workplace.

Some workers have returned to a central location, some might drop in sometimes, and some haven’t come back at all. But here is what we do know: Whenever you do come back to an office, what you see will not be exactly as you remember it….

Read the FULL article here!

HOW BIDEN’S FIRST EXECUTIVE ORDERS WILL IMPACT CRE

websitebuilder@thryv.com — Mon, 25 Jan 2021 20:31:13 GMT

January 20, 2021 | Dees Stribling and Christie Moffat

Newly inaugurated President Joe Biden signed 17 executive orders, memorandums and proclamations on Wednesday afternoon, aiming to set the direction of his administration as well as undo various policies of the previous one.

Two will have particular ramifications in commercial real estate — the extension of the federal eviction moratorium and the U.S.’ re-entry into the Paris Agreement on Climate Change .

Biden further extended the multifamily eviction moratorium , which was enacted by the Centers for Disease Control and Prevention in early fall at the direction of the Trump administration. The original order expired at the end of 2020, but was extended by the second stimulus bill until the end of January. The new order extends the moratoriums on evictions for nonpayment of rent or mortgages until March 31 .

The eviction moratorium is aimed at addressing the increasingly serious matter of tenants who cannot pay their rents. More than a quarter — 28% — of U.S. renters are starting the year with unpaid rent bills from previous months, according to a new survey by Apartment List . Rent debt is concentrated among minority renters, and 53% of Black renters are now burdened with unpaid housing bills, according to Apartment List….

Read FULL article here!

LOGISTIC PROPERTY SECTOR WILL CONTINUE TO BE ‘VERY STRONG’ IN 2021: GLP

websitebuilder@thryv.com — Thu, 21 Jan 2021 20:37:08 GMT

GLP’s Ralf Wessel is confident that e-commerce will continue to drive demand and investment in logistic real estate after the company hit a record leasing year in 2020.

FRI, JAN 15 2021

WALK-THROUGH WEDNESDAY 1/6/2021

websitebuilder@thryv.com — Wed, 06 Jan 2021 20:44:33 GMT

Check out the AWESOME offices spaces available in Roseville, MN! See something you like? Call us TODAY!

Click HERE for the video walk-through!

5 WAYS THE CORONAVIRUS PANDEMIC IS RESHAPING THE FUTURE OF RETAIL STORES

websitebuilder@thryv.com — Tue, 29 Dec 2020 20:47:06 GMT

January 20, 2021 | Dees Stribling and Christie Moffat

Two will have particular ramifications in commercial real estate — the extension of the federal eviction moratorium and the U.S.’ re-entry into the Paris Agreement on Climate Change .

Read FULL article here!

WHY THE OFFICE ISN’T GOING AWAY

websitebuilder@thryv.com — Tue, 15 Dec 2020 20:47:53 GMT

Remote work is getting a lot of love during the pandemic. But there are reasons to believe it won’t stay that way.

By Peter Cappelli

Updated Dec. 13, 2020 9:00 am ET

The giant work-from-home experiment that no one wanted has been under way long enough to ask: What happens to the office now? Do we really need it?

History reminds us that the early days of the Industrial Revolution began with people doing commercial work from home. Since then, we have been remarkably, some might say stubbornly, committed to the idea that work should be centered at the office, even when it could have been done remotely. We invested huge amounts of money in office real estate equipped to help us be efficient. We also asked employees to spend lots of time and money traveling to those offices…

Click HERE to read the full article!

REITS ARE SEEING PLENTY OF “GREEN” IN BOND MARKET

websitebuilder@thryv.com — Tue, 08 Dec 2020 20:49:44 GMT

Green bonds tie into growing emphasis on corporate sustainability and ESG mandates.

Beth Mattson-Teig | Dec 07, 2020

Kimco Realty Corp. kicked off its debut green bond issuance earlier this summer with a bang. When its $300 issuance for 10-year bonds hit the market in July , it attracted more than 100 investors who quickly oversubscribed the issuance six-fold with orders totaling roughly $1.8 billion. The final issuance completed at $500 million with a competitive coupon rate of 2.7 percent, which at that time was 210 basis points over Treasuries

The success of the issuance reflects a combination of factors, notably the tremendous investor appetite for green bonds—especially from investment grade companies. Kimco is BBB+ and Baa1 rated by S&P and Moody’s. “When we issued in July, we were probably the first green bonds to be issued since the pandemic started and spreads were starting to come in. So, there was a lot of pent up demand,” says Glenn G. Cohen, executive vice president, CFO and treasurer at Kimco….

Click HERE to read the full article…

MORGAN STANLEY SEES K-SHAPED RECOVERY FOR COMMERCIAL REAL ESTATE

websitebuilder@thryv.com — Mon, 23 Nov 2020 20:50:43 GMT

By Adam Tempkin

Published 11/20/20

(Bloomberg) — Morgan Stanley says commercial real estate will see a so-called K-shaped recovery from the pandemic, leading to stark winners and losers among holders of commercial mortgage-backed securities.

This bifurcation means that some deals will experience much higher realized losses than others, depending on factors such as bond, vintage and property type. Bonds backed by hotels, retail and offices are likely to see more struggles than those on industrial properties.

Read Full Article HERE!

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March 2026 Newsletter

February 2026 Newsletter

January 2026 Newsletter

December 2025 Newsletter

November 2025 Newsletter

100 Best Books for Work and Life

October 2025 Newsletter

CRE Prices Surge on Retail and Industrial Strength

Office Market Holds Steady, But Vacancy Still a Drag

Fed Finally Cuts Rates — CRE Watches for the Next Move

SEPTEMBER 2025 Newsletter

April 2025 AAA Newsletter

AUGUST 2025 Newsletter

Buyer Needs

CoStar Economy: Changing tides lift the forecast for 2025

CoStar Economy: Changing tides lift the forecast for 2025

The Days Of Extend-And-Pretend Strategies Are Waning, But Not Quite Over

The Days Of Extend-And-Pretend Strategies Are Waning, But Not Quite Over

Optimism on the horizon for Commercial Real Estate ?

Optimism on the horizon for Commercial Real Estate ?

Demand for multifamily units in Twin Cities remains robust

Check-out Our Listings

CoStar Economy: The struggle to contain inflation continues

CoStar Economy: The struggle to contain inflation continues

The struggle to contain inflation continues

Report: St. Paul could add nearly 4,000 new housing units through office conversions

Report: St. Paul could add nearly 4,000 new housing units through office conversions

NOVEMBER 2024 Newsletter is now out!

SBA lending increases, agency takes steps for more growth in 2025

SBA lending increases, agency takes steps for more growth in 2025

CoStar Economy: The Fed makes a move. A soft landing comes into view. I

Checkout our For Sale & For Lease Listings

Commercial Real Estate Deal Flow Shows Signs of Revival

AUGUST 2024 Newsletter

For Sale | 649 Grand Ave Mixed Use Two-Buildings

For Sale | 649 Grand Ave Mixed Use Two-Buildings

Home Construction Picked Up in June. Multifamily Housing Is Why.

Home Construction Picked Up in June. Multifamily Housing Is Why. ﻿

➥ THE TAKEAWAY

Powell Warns of Higher-for-Longer

﻿ Powell Warns of Higher-for-Longer

Powell Hints at Possible Rate Cut Amid Risks of Higher-for-Longer

➥ THE TAKEAWAY

SBA unveils new working capital loan program

﻿ SBA unveils new working capital loan program

JUNE 2024 Newsletter

Retail Availability Hovers at Historic Low

🏬 CRE Sales Show Signs of Recovery

CRE Sales Show Signs of Recovery

MAY 2024 Newsletter

694 Garage Condos For Sale

694 Garage Condos For Sale

BROKER ESTATE BUILDING CONFERENCE 2024

Join this extraordinary learning event!

Listings Closed!

Congrats to our clients!!! ﻿

APRIL 2024 Newsletter

Thank you for the 5 stars! ⭐⭐⭐⭐⭐

Thank you for the 5 stars! Thank you for taking the time to leave a positive review. We appreciate it! Google Review | http://search.google.com/local/writereview?placeid=ChIJj1TIuWkp9ocRwm0s-b7rvbs

JUST LISTED! 2 property investment portolio

MBN Shred Event April 20 2024

Start Your Spring Cleaning After Tax Time at the MBN Shred Event !

The Fitz Flats Retail Center

Federal Reserve Still Sees 3 Rate Cuts In 2024 But Holds Rates Steady For Now

March 2024 Newsletter

MARKET SNAPSHOT

➥ THE TAKEAWAY

Congrats to our clients! February 2024

FEBRUARY 2024! CONGRATS TO OUR CLIENTS!

PRICE REDUCTION 944 Grand Ave

Economy Keeps Humming Along, Defying Forecasts

Economy Keeps Humming Along, Defying Forecasts

SOLD! Copper Hen

OFF MARKET OFFICE CONDO FOR SALE | Roseville & Little Canada Area

CONGRATS to our clients -- SALE-LEASEBACK!

CONGRATS to our clients -- SALE-LEASEBACK!

Chamber Check In

Check out LIVE Chamber Check-In featuring Chad Heer from Keller Williams Real Estate, and Matt Born with Hiway Credit Union.

AirDNA 2024 U.S. Outlook Report

The Days Of Extend-And-Pretend Strategies Are Waning,
But Not Quite Over

Home Construction Picked Up in June. Multifamily Housing Is Why.

Powell Warns of Higher-for-Longer

SBA unveils new working capital loan program

Congrats to our clients!!!

Thank you for the 5 stars!

Thank you for taking the time to leave a positive review. We appreciate it!
Google Review | http://search.google.com/local/writereview?placeid=ChIJj1TIuWkp9ocRwm0s-b7rvbs

Office Occupancy May Have Jumped After Labor Day After All