Cushman & Wakefield Iowa Commercial Advisors is pleased to announce that Parker Ridge has joined our company's Brokerage Department as an Associate. Parker will be based in our Cedar Rapids office. Read Biography
We are happy to be sponsoring the Albaugh Classic happening this Saturday, July 17, 2021, at the District in Prairie Trail in Ankeny! Don't miss out on the fun this weekend - we look forward to seeing you there!
The Greater Des Moines retail market continues to emerge from the pandemic and is quickly regaining its footing from the closures and challenges experienced by many retailers, restaurants, and businesses alike. Despite a few setbacks, occupancy rates and rents have generally held steady. Consumer spending is surging and according to a WalletHub study, Iowa's COVID-19 recovery is the quickest in the nation, earning a total score of 75.25 out of a possible 100. The study compared all 50 states across three categories: COVID health; leisure and travel; and economy and labor market. Click Here to View Full Article Source: rebusinessonline.com
With the vaccine distribution increasing in many parts of the world, and some economic bright spots on the horizon, we look to the future with a renewed sense of hope. But as we move forward, of course our collective question is, what will this future hold for our places of work and commerce and how will this moment in history shape our communities? In this volume of The Edge Magazine, we continue to explore the nexus of disruption and opportunity. Learn how 5G will impact the office of the future, why the grocery store has changed forever and join the conversation on global sustainability. We also touch upon a new alternative to the traditional office and how companies can keep up with digital demand. Click here to download Source: cushmanwakefield.com
Matt Lundberg, CCIM has achieved the SIOR designation awarded by the Society of Industrial and Office Realtors. The Society of Industrial and Office Realtors is the leading global professional and industrial real estate association. They have more than 3,400 members in 42 countries and have certified thousands of members with the SIOR designation. To achieve the SIOR designation, Matt completed at least five years of active experience in Industrial real estate; met education requirements; and demonstrated ability, ethical conduct, and integrity. Individuals who hold the SIOR designation are top producers in the commercial real estate field and are represented around the world. SIOR enforces a strict code of ethics and required designees to complete its ethics course within their first three years of membership. Matt Lundberg, SIOR, CCIM, is recognized as a leading industrial real estate broker specializing in sales and lease transactions throughout the State of Iowa. He has [...]
An analysis of COVID-19’s impact on the office sector: forecasts and outcomes This study is the first in a three-part series that provides a new perspective on COVID-19’s impact on the commercial real estate (CRE) industry and the future of the office. In part one, “Global Office Impact Report and Recovery Timing,” we examine the aggregate cyclical and structural impacts on the office sector. We also present forecast scenarios and/or possible outcomes. Part 1 of our Series “New Perspective: From Pandemic to Performance” COVID-19 is disrupting the economy, accelerating shifts and creating structural changes that will persist for years. Several forces are at play—from office-using job losses, to higher vacancy and downward pressure on rental rates, to an increase in the share of employees who will now work from home either permanently or more regularly. In this study: We examine both the aggregate cyclical and structural impacts on the office [...]
Starbucks Corp. will open a stand-alone coffeehouse at 2255 E. First St., developer Kurt Mumm said. Mumm and Mark Hanrahan, who also are brokers with Cushman & Wakefield, own the 2.2 ace site. The developers said the 2,100-square-foot store will include a drive-thru. They said the Seattle-based firm signed a lease with them earlier in November. Construction of the coffee shop will be complete by mid-2021. The Starbucks will be near Menards, which opened in July 2019, and across the street from Walmart. "You’ve got a critical retail node right there at that intersection [of Iowa Highway 141 and East First] that you really don’t find many other places," Mumm recently told the Business Record. "It makes other businesses also want to be there." Read Full Article Here. Source: businessrecord.com
For several years, Grimes has seen its residential population flourish as new single-family houses, townhomes and apartments were constructed. Now the city is experiencing a boom in commercial growth as well. Large retailers are being drawn to the northwest Polk County community as well as developers willing to take chances on constructing multi-tenant speculative retail and office buildings. Kurt Mumm and Mark Hanrahan, both brokers with Cushman & Wakefield, broke ground during the summer on two speculative buildings east of Iowa Highway 141 on East First Street. Hope Development & Realty plans to build a 19,817-square-foot strip center on the west side of Highway 141 at 1101 E. First St. In addition, work is nearing completion on a nearly 50,000-square-foot multiuse building at 1220 N.E. Station Crossing in the Heritage Town Center development. “Grimes is a young community with stable households,” said Tim Day, director of real estate services for [...]
What does the future hold for the shopping mall? There are currently more than 1,000 malls struggling to re-engage a consumer distracted by the convenience of digital offerings. With the continued growth of e-commerce, the introduction of new paths to purchase, and the impact of COVID-19, mall developers are faced with difficult challenges and the ultimate question: what does the future hold for the shopping mall? The business of delivering retail goods and services has reached an inflection point shaped by the competitive challenges transforming the industry before our eyes. COVID-19 has only accelerated this pace of change. Smart retailers and owners are making significant strides in adopting and implementing new strategies that will shape retail over the ensuing decade. Change is not an option; it is required for survival. Topics addressed in this article include: The evolution of the shopping mall Why only the strongest will survive Adaptive reuse as [...]
Siobhan Harman has joined Cushman & Wakefield Iowa Commercial Advisors in West Des Moines, Iowa, as a vice president. She brings 25 years of commercial real estate experience ranging from landlord and tenant representation, corporate leasing, site selection, development, asset services and construction management. Harman previously served as a real estate development manager for Kum & Go and managed site selection, real estate development and entitlement including analyzing new and existing markets for strategic development and placement of stores in Iowa, Nebraska, South Dakota and Missouri. Prior to Kum & Go, Harmon worked with Grubb & Ellis|Mid-America Pacific in Des Moines and Colliers|The Keenan Company in Columbia, South Carolina. She represented corporate clients such as Mutual of Omaha, GuideOne Insurance, National Electrical Brotherhood and Prudential. Harmon has been an adjunct professor at Grand View University in Des Moines teaching real estate and finance through the business department for the past 13 years. [...]
