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RE ROUNDUP: June 1, 2023
RE ROUNDUP: June 1, 2023 The following are commercial real estate transactions as reported by various area real estate firms. Send submissions to [email protected], using the format of these transactions. Roderick Enterprises purchased 2.73 ac. of land at TBD Aviation Way in Caldwell. Lincoln Hagood, Mike Pena and Bryant Jones of Colliers Idaho represented the buyer. RJ Walker represented th[...]
Idaho named the fourth most expensive US state for renters
Moving Companies experts MovingFeedback analyzed data from Zillow.com to reveal the US states whose major metropolitan statistical areas (MSA) have seen the highest increase in average rent prices over the past three years. Idaho is the fourth most expensive state for renters, where renters have experienced an average 41% increase in prices. Colorado has been named the most expensive US[...]
Draper and Kramer’s Commercial Finance Group closes $9.01 million HUD refinance loan
NAMPA, ID — Draper and Kramer, Incorporated, a national full-service real estate firm, has closed a $9.01 million 223(f) HUD refinance loan on behalf of Providence Holdings, LLC for Sunnyvale Village, a recently constructed multifamily rental community at 15680 N. Draycot Lane in Nampa. Draper and Kramer, which holds the oldest active HUD multifamily license in the country, is the lender [...]
RE ROUNDUP: May 17, 2023
RE ROUNDUP: May 17, 2023 The following are commercial real estate transactions as reported by various area real estate firms. Send submissions to [email protected], using the format of these transactions. UTZ Quality Foods LLC leased 22,773 sq. ft. of industrial space at 16677 Madison Rd. Ste. Building C in Nampa. Stephen Fife represented the tenant. Devin Ogden and Michael McNeight of Col[...]
Big apartment complex coming to the Boise Bench
BOISE, ID — A large multifamily apartment complex now approved by Boise’s City Council will include 354 units spanning eight three-story and two, two-story buildings, the developers announced Tuesday. The project, called "Seasons on the Bench," will be located on W. Victory Road and is designed to provide driveways and walkable linkages to promote integration into surrounding properties. [...]
ROAD TO PROGRESS: State Highway 16 nears final phase
As Idaho's population continues to surge, so too does the demand for better infrastructure to support its rapid growth. With faster and more efficient travel times, enhanced safety measures, and increased economic opportunities, the long-awaited State Highway 16 extension has the potential to transform Idaho's landscape and support its continued prosperity for years to come. The new highway c[...]
Homebuyers facing steep borrowing costs despite Fed move
Homebuyers should get used to painfully high mortgage rates, despite this week's signal from the Federal Reserve that it could finally pause its yearlong campaign of rate hikes. The Fed raised its short-term rate to roughly 5.1% Wednesday, the highest since 2007. While the Fed stopped short of declaring an end to the hikes, its effectively raised the possibility of pausing them after a strea[...]
RE ROUNDUP: MAY 10, 2023
RE ROUNDUP: MAY 10, 2023 The following are commercial real estate transactions as reported by various area real estate firms. Send submissions to [email protected], using the format of these transactions. Mariya & Vasiliy Melnik leased 1,440 sq. ft. of retail space at 750 S. Progress Ave. Ste. 170 in Meridian. Stacie Poletasio, Mike Pena, Bryant Jones and Lincoln Hagood of Colliers Idaho [...]
ROUNDUP: Real Estate Transactions, April 25, 2023
Management One, Inc. extended a lease on 375 sq. ft. of office space at 1755 N. Westgate Dr. Ste. 122 in Boise. Lance Millington of Colliers Idaho facilitated this transaction. An individual leased 154 sq. ft. of industrial space at 484 Eastland Dr. S. Ste. 106 in Twin Falls. Tami Walker of Colliers Idaho facilitated this transaction. Family Health Services Corporation leased 11,000 sq. [...]
Interfaith Sanctuary plans major expansion
The project will take 12 to 15 months to complete and will grow from the current 30,000 square feet to 42,500 square feet with the addition of a complete second story for the family shelter building. The new shelter will include a medical dorm and hospice rooms for visitors in need of increased medical care. There will be 20 private rooms in a second building disconnected from the campus, but on t[...]
ROUNDUP: Commercial Real Estate Transactions…April 10, 2023
Commercial real estate transactions are reported by regional real estate agencies. Submit them in the format used here to [email protected] Report of April 10: Boise American West Construction leased 1,600 square feet of office space in the Belgravia Building located at 120-134 S. 5th Street in Boise. Pat Shalz and Dan Minnaert of TOK Commercial facilitated the transaction. [...]
Can real estate be a hedge against inflation? It depends
[caption id="attachment_291122" align="alignnone" width="600"] Buying and investing in real estate can be considered a hedge against inflation, but this asset class solution isn’t necessarily guaranteed. Image from Unsplash.[/caption] Experts have conflicting ideas whether real estate is a solid hedge against inflation. The topic can be puzzling, leaving many wondering how to keep up with ris[...]
