INVESTMENT REAL ESTATE:
The 2013 Real Estate Market is looking up as - The National Association of Realtors forecast that things are going in the right direction! Expect to see gains in new and existing home sales. Commercial real estate is seeing vacancy drop and rent growth across all property types. They also foresee job growth by 2 million this year and 2.6 million next year. This is all good news for our country including a projected 3% increase in GDP by 2014. These national trends are also reflected in our state of Minnesota.
At a time of the year when we would normally be a little slower, we are thrilled to find ourselves very busy as we anticipate an amazing 2013!
MNCAR Market Report Released
Sometimes we fail to acknowledge the value we have in the Twin Cities. Here is some information from a presentation made by Dakota County commissioners this fall.
It is with GREAT pleasure - that we announce the opening of the new Miracle Field in Lakeville, and the initial season of play for the Miracle League teams! APPRO Development has been directly involved, and has donated the time and effort to design and coordinate the construction of the field. Nate Denny, project manager for APPRO- has facilitated the process to get the field built. Heidi Winsor - was architect / designer for the project. Grand Opening events will be June 26th. www.miraclefieldmn.comlakevillefield.html
After a three year hiatus - we would like to report recent contacts from both the banking and institutional lending communities looking to place capital in the commercial / industrail markets.