The Golden Ruhl

What's a "Full Service" real estate firm? and why?

2011-12-08T16:29:00.001-06:00

By: John Viggers, CPM, CCIM
NAI Ruhl and Ruhl Commercial Company
December 8, 2011

As we continue to work through these difficult economic times it has never been more important for those in asset/property management and brokerage to work together. Survival of the fittest has taught brokers and listing agents to develop stronger relationships with respective property management professionals. While, the more successful property managers in today's marketplace are taking extra time to communicate and work with listing agents. Full-service real estate firms with well managed and unified divisions are critical to effectively serve client and investor needs.

As real estate professionals in a full-service firm, we must work together and think like asset managers. Not only simply working on our day to day activities, but working as a unified team with the long term objectives of our clients clearly understood. Together we are able to better understand how to increase the NOI and improve the property for our current and prospective tenants.

I've always struggled to understand offices where the brokerage and property management functions are managed independently. Only through sound team building with effective and consistent communication between the listing and management divisions can we truly insure the day to day and long term decisions are aligned with our client's goals. To us, it is like right brain - left brain; they must constantly work together to ensure normal body function. Brokers and property managers must collaborate efficiently to ensure the asset's future.

Looking at current major commercial real estate offices across the country, those firms with well managed and unified brokerage and management teams have survived and grown in the down economy. The bottom line is, understand your client's goals and objectives. This allows for a better position to manage the assets and capture marketing opportunities all under one roof. A firm offering full-service not only brings depth, but also stability to effortlessly weather turbulent economic times all the while improving the asset and the bottom-line.

Start Your Business With a USDA Loan

2011-11-07T12:11:00.000-06:00

By: Kevin Peria, Condent Director
USDALoans.com
Published: November 2, 2011

With the economy currently in a slump, obtaining financingfor business creation and expansion has become incredibly difficult, especiallyfor those in rural areas where financing options are often more limited.However, to help rural areas continue to grow and thrive, the USDA offersmultiple loans and grants designed to promote entrepreneurship including theBusiness and Industry Guaranteed Loan.

What Are Business and Industry Guaranteed Loans?
To promote the economic health of rural areas, the USDAbegan providing eligible candidates with Business andIndustry Guaranteed Loans. These loans are designed to help those living inrural areas be successful entrepreneurs that will not only be able to providefor themselves, but will also be able to provide employment and moresustainable living for the community in which they live.

Although similar to the Rural Economic Development Loan andGrant Program, which has most recently funded 4 different Minnesotan UtilityCooperatives, the Business and Industry Guaranteed Loan differs as allows formore individual entrepreneur endeavors and is less restrictive in terms ofsustainability.

What Can These Loans be Used For?
Starting a business in a ruralarea can be exceptionally expensive as most businesses have to build theirbusiness and facilities from scratch. To help alleviate these costs, Businessand Industry Guaranteed Loans may be secured up to $10 million for anindividual and up to $40 million for cooperatives, and may be used for any ofthe following:

The purchase of pre-existing businesses which are facing closure
Business renovations or modernizations
The purchase and development of land, facilities, and easements
The purchase of needed equipment, machinery, supplies, or inventory

Who is Eligible to Apply for USDA Business Loans?
Like the USDA Home Loanprogram, the USDA Business and Industry Guaranteed Loan has fairly lenienteligibility requirements. Interested borrowers can range from a cooperativeorganization to a public body to an individual, and may be granted as long asthe entity intends to provide the following with their business:

Employment
Animprovement in the local economy
Promotion of conservation, development, and proper water use
Promotion of sustainable energy sources

Are Other Types of Funding Available?
The USDA does provide other types of funding to interestedorganizations and entrepreneurs; however, they generally have stricter usecriteria. Rural Business Opportunity Grants provide interested applicants withthe training and support needed to succeed, and the Rural Economic DevelopmentLoan and Grant Program is predominately for organizations seeking to providemore employment and improve overall operations by making them more sustainable.

If interested in applying for a USDA-based business loan,applicants should contact their local Department of Rural Development Office.

Kevin Pearia
Content Director for USDALoans.com

Photography Show and Opening Reception: Naturescapes at Frame Works in Urbandale

2011-10-21T14:11:00.002-05:00

What: PhotographyShow and Opening Reception

When: Friday,November 4, 2011

5:00pm to 7:00pm

Where: FRAME WORKS

5800 Merle Hay Road

Johnston, Iowa 50131

Contact Information:Tom Perrine, Frame Works

515-270-9142

tom@frameworks1.com

Photography Show Opening and Artist Reception

Frame Works is pleased to announce Naturescapes: Near and Far a photography exhibition with Larry Mendenhall. The show will openat Frame Works, 5800 Merle Hay Road, Johnston, Iowa on Friday, November 4, 2011and hang in the gallery until December 3, 2011. Please join us for the opening reception 5:00pm to 7:00pm and meet theartist.

The Artist

In “Naturescapes: Near and Far,” photographer LarryMendenhall explores the dazzling shapes and colors of nature found in bothgrand vistas and intimate close-ups.

After a career as a newspaper photographer and reporter,Mendenhall began concentrating on landscape photography in 1998. Since 2003,his work has been selected for numerous juried exhibits and art shows. Mostrecently, he received the Best of Show award at the Octagon Art Festival inAmes. Although he works mainly in color,for the last year Mendenhall has been adding black and white images to hisportfolio. Some of these new photographs will be seen for the first time at thereception.

The works will hang in the gallery until December 3,2011. Please join us on Friday November4, 2011 from 5:00pm to 7:00pm to meet Larry, enjoy some wine, some

hors d’oeuvres and some great photography.

Frame Works

Frame Works is a locally owned custom frame shop located inthe Village Square - 5800 Merle Hay Road in Johnston Iowa. Frame Workswas opened in 2004. Tom Perrine bought the frame shop August 15,2008. Tom continues to offer one of the finest selections of framingsupplies in the area, represented by Larson - Juhl, TC Moulding and NurreCaxton frames. Frame Works carries over 700 frame styles to selectfrom. Tom has added a line of unique sculptures from Global Views,Hawkeye and Cyclone posters, art work from local artists and hosts art shows inthe gallery space.

Frame Works also offers photo restoration services as wellas unique ways to turn your photos into canvas prints, in a variety of artstyles - such as pastel, oil painting, watercolors or into "pop art"prints.

For more information contact Tom at tom@frameworks1.com or visit our websiteat www.frameworks1.com.

How to Succeed in Commercial Real Estate, Without Really Trying!

2011-09-21T14:00:00.001-05:00

By: Barbara K Hokel, CCIM

Publish Date: September 21, 2011

As a woman in a male dominated profession,many people ask me what the key to my success has been. In 1989, my career began with a highly successfulcommercial real estate developer from my home town. Starting as an Administrative Assistant, I workedmy way into the Sales and Leasing Department of that company, which was verybeneficial, because I learned from the ground up. I had no formal education or classes infinance or real estate, as many commercial real estate professionals have now. My success really has little to do with gender;I attribute most of it to the connections I’ve made, both locally and globally.

Early in my sales and leasing career, I joinedseveral local Chambers of Commerce where I was able to meet numerous prominentcommunity business leaders. I placed my card in the "fishbowl" at nearly every networking event possible - broker breakfasts, economic development lunches, Business After Hour programs, and so on. Being involved in non-profit fund raising events was also beneficial. I took the opportunity at these events toexchange business cards, “rub elbows” and get to know as many people aspossible. The key to success in sales, especially commercial real estate, is making and keeping friends and knowingthat they will remember you. “It’s not who you know -- it’s who knows YOU!”

Other tips to succeed in this industry are:

1. Know your stuff: Anagent has to prove they know what they’re talking about, and that they are theexpert in their field. Never assume that someone knows your business, becausemost people who are looking for your expertise don’t initially understand thebusiness. Be prepared to state and pointout what appears to be obvious, because it likely isn’t obvious to your client.

2. Stay educated: Take classes, go to conferences, attend workshops,and read trade materials as well as motivational books to keep your skillssharp. Competition can be tough,especially in today’s market.

3. Join networks and social groups: One of the biggest benefits to my career wasgetting involved in the Certified Commercial Real Estate (CCIM) program. I have made lucrative connections through thatglobal network and some great friends along the way. Being involved in my company’s NAI Global andCCIM networks have provided a natural platform for referrals and the ability towork across the globe.

4. Stay up to speed with technology: Intoday’s world, a person has to be tech-savvy, able to navigate a computer, and understandthe amazing dimensions of the internet world. Get involved with the social networks that areavailable. Connections are key!

5. Be friendly to everyone: Smile a lot.Smile when you’re speaking on the phone. People can “hear” your smile! Helpother people to excel in the business by sharing your knowledge and beingavailable for reference. Be giving as opposed to selfish and it will pay greatdividends in the long run. People love to do business with people theylike!

6. Stay in touch with your clients on aregular basis: A contact management program is very beneficial in helping youtrack your conversations and set future dates as to when to get in touch withthem. Meet people for coffee or lunch several times a week. Make that face toface connection! Just make that call …or text … or email.

7. Be accessible: In today’s world,there are few excuses for not being able to be reached. Make your contactinformation accessible to everyone you can.

8. Listen carefully: Don’t feel that because you are a salespersonyou have to dominate the verbiage in every situation. Be a good listener.Listen to what the client is telling you. Ask open-ended questions that willhelp you find a perfect commercial real estate solution.

If you like having a very flexible self-setschedule; if you like people and social settings; if you like getting involvedin your community, and the ability to make a lot of money, you too can know:

How to succeed in commercial realestate

withoutreally trying!

Evolution of the Commercial Real Estate Broker

2011-08-31T09:46:00.000-05:00

http://myemail.constantcontact.com/Evolution-of-the-CRE-Broker.html?soid=1103692007176&aid=-qL5JYPmVr8

Historic 411 Brady St Property Now On the Market

2011-08-23T14:31:00.002-05:00

Once a meeting place for distinguished Democrats, has had a long history since it's doors opened in 1924. A newsroom filled with typewriters, a drygoods distributor, a pickling house, this historic downtown property is now up for grabs at the sale price of $450,000.

Oak, marble, "Egyptian simplicity" architecture, this swanky building would be ideal for any investor looking to open up a new-age restaurant or bar.

John Ruhl, Ruhl & Ruhl Davenport, has the pleasure of being the sales broker on this piece of history. If you are interested in more information about the "Democrat & Leader Building" located at 411 Brady Street in Dubuque, IA, email jruhl@ruhlcommercial.com.

(Original article by: Bill Wundram at (563) 383-2249 or bwundram@qctimes.com. Quad Cities Times, August 13, 2011)

Photography Show and Opening Reception at FrameWorks in Johnston

2011-07-11T11:47:00.007-05:00

Photography Show and Opening Reception for Your Lift Portraits

Friday July 15, 2011 from 5:00pm-7:00pm
at FRAME WORKS
5800 Merle Hay Road, Johnston IA

Photography Show Opening and Artist Reception

Frame Works is pleased to announce a photography exhibition with Heather Littlejohn and Your Life Portraits. The show will open at Frame Works, 5800 Merle Hay Road, Johnston IA, on Friday, July 15, 2011 and hang in the gallery until August 15, 2011. Please join us for the opening reception from 5:00pm to 7:00pm and meet the artist.

The Artist
Heather Littlejohn owns and operates Your Life Portraits in Des Moines, Iowa. Heather is an award winning photographer with over 25 years of creative photography and journalism portrait experience. Heather studied at Grandview University where she earned a Photography Scholarship and majored in Photojournalism. After college Heather freelanced in commercial work and in traditional portrait photography. While working with local theater companies Heather discovered her passion for Journalism Portraiture – capturing actors who emulated passion with their characters. Heather quickly learned how to draw out the emotion of her subjects and capture the personality with the snap of a shutter.

With Your Life Portraits Heather Littlejohn captures the essence of your life on film. Heather allows her clients to “be themselves” in front of the lens allowing for a rich experience, capturing the emotion of the moment. Heather states “I think it is important that the photographer have the ability to go with the flow of the subject’s personality and mood.”

This Photography Show at Frame Works will feature a collection of Heather’s work – highlighting her work with Your Life Portraits, Botanicals and Creative Expression.

The works will hang in the gallery until August 15, 2011. Please join us on Friday July 15, 2011 to meet Heather Littlejohn. Come and enjoy some wine, some food and help support this talented local photographer.

Frame Works
Frame Works is a locally owned custom frame shop located in the Village Square - 5800 Merle Hay Road in Johnston Iowa. Frame Works was opened in 2004. Tom Perrine bought the frame shop August 15, 2008. Tom continues to offer one of the finest selections of framing supplies in the area, represented by Larson - Juhl, TC Moulding and Nurre Caxton frames. Frame Works carries over 700 frame styles to select from. Tom has added a line of unique sculptures from Global Views, Hawkeye and Cyclone posters, art work from local artists and hosts art shows in the gallery space.

Frame Works also offers photo restoration services as well as unique ways to turn your photos into canvas prints, in a variety of art styles - such as pastel, oil painting, watercolors or into "pop art" prints.

For more information contact Tom at tom@frameworks1.com or visit our website at www.frameworks1.com.

Benchwarmers of Ankeny, Iowa Reopening

2011-07-06T13:05:00.004-05:00

July 5, 2011
by: Charlotte Barta
Original Article: "Benchwarmers is back on the Ankeny scene" by DesMoinesRegister.com (Photo from original article)

Benchwarmers, which closed in late 2010, is reopening with the ribbon-cutting scheduled for July 6th at 4:00p.m. Located at 705 S Ankeny Blvd, in Ankeny Iowa, this bar and grill is back on top offering several of the same menu items with a few new "local sports people" inspired options.

With hometown sports theme inspired decor and menu, the new owners (all from Ankeny themselves) have high hopes for their beloved bar and grill.

To read the original article please, click here.

Des Moines Ranks at top of Forbes' Best City List, Again

2011-06-29T11:58:00.004-05:00

For the second year in a row Des Moines has topped the Forbes list for the "Best City to Do Business." Slipping back one spot as employment number dropped to 0.9% in 2010, Des Moines still ranks among the top with low business costs, high average household incomes which are expected to increase 4.2% annually through 2013, and fast average commute times.

To read the full article, click here.

C-III Capital Partners to Acquire NAI Global

2011-06-22T15:37:00.003-05:00

NEW YORK, NY, June 22, 2011 — C-III Capital Partners LLC (C-III) announced today that it has entered into a definitive agreement to acquire NAI Global, the largest and premier network of independent commercial real estate firms worldwide. C-III is led by Andrew L. Farkas, who founded and was Chairman and CEO of Insignia Financial Group, Inc. (NYSE:IFS). NAI Global will continue to operate as a separate company under its current management following the acquisition.

NAI manages a network of commercial real estate firms comprising 5,000 professionals and 350 offices in the US and 55 countries throughout the world. NAI’s network members provide a full spectrum of corporate, financial, technology and project management services.

“C-III plans to use its asset base, along with strategic acquisitions such as NAI, to create a fully diversified commercial real estate services company,” said Mr. Farkas. “This is the strategy that was successful for Insignia. C-III is led by the same team that built Insignia, and with C-III’s significantly larger asset base, I believe C-III can substantially exceed Insignia’s success,” concluded Mr. Farkas. At its height, Insignia managed $12.5 billion in assets, while today C-III’s portfolio approximates $150 billion in assets. Insignia was one of the largest commercial real estate services companies in the world when it merged with CB Richard Ellis in 2003.

C-III commenced operations with the purchase of Centerline Capital Group’s institutional real estate debt fund management and commercial mortgage loan servicing businesses in March 2010. Since that time, C-III has successfully launched mortgage origination, investment sales and title insurance businesses from scratch, and expanded its principal investment, loan origination fund management and primary and special loan servicing businesses.

“Today’s agreement represents a tremendous opportunity for NAI and our members,” said Gerald C. Finn, Chairman of NAI Global. “By teaming up with Andrew Farkas, one of the world’s leading real estate businessmen, we expect NAI will be able to significantly grow its service offerings and present new opportunities to our members.” “We have built the world's leading commercial real estate network, but we now believe it is time to take the enterprise to a new level and add even greater value to our members and our collective corporate and investment clients. The combination with C-III will provide a depth of resources, talent and tools from which we can draw upon to accelerate our growth,” noted Jeffrey M. Finn, President and CEO of NAI Global. “Rarely do you find partners so perfectly strategically aligned as NAI Global and C-III. This is a natural fit and extremely exciting news for the industry.” The transaction is expected to close in the third quarter of 2011. Financial terms of the transaction were not disclosed.

About C-III Capital Partners
C-III Capital Partners LLC is a leading commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management and principal investment. The company’s principal place of business is located in Irving, TX, and it has additional offices in New York, NY, Greenville, SC and Nashville, TN.
C-III Asset Management LLC, a wholly-owned subsidiary of C-III Capital Partners, is a highly rated servicer (primary and special) of commercial real estate loans. Its clients include issuers of commercial mortgage-backed securities (CMBS) and collateralized debt obligations (CDOs), institutional lenders and other investors. C-III Asset Management is the primary servicer for approximately $20 billion and the named special servicer for approximately $127 billion of commercial real estate loans. C-III Asset Management is rated CPS 2- by Fitch and Above Average by Standard and Poor's as a primary servicer, and is one of the highest rated special servicers in the industry with ratings of CSS 1- by Fitch and Strong by Standard and Poor's.

About NAI Global
NAI Global is the premier network of independent commercial real estate firms and one of the largest commercial real estate service providers worldwide. NAI Global manages a network of 5,000 professionals and 350 offices in 55 countries throughout the world. NAI professionals work together with the global management team to help clients strategically optimize real estate assets. NAI offices around the world completed over $45 billion in transactions annually. NAI also manages over 200 million square feet of commercial space.

Ames Tribune reports development not deterred by 2010 floods

2011-04-01T08:47:00.004-05:00

Ames Tribune

Original Release: March 1, 2010

Original Article By: Bob Zientara

Ames' South Duff Avenue commercial corridor has not stopped developing despite a crippling flood in August of 2010. Known for its high concentration of major retailers, restaurants, and popular retailers, the newest addition to the area is a Buffalo Wild Wings restaurant.

Christopher Stafford, Vice-President at NAI Ruhl & Ruhl Commercial Company of Des Moines, assisted in the addition of Buffalo Wild Wings to the South Duff corridor.

Ruhl & Ruhl's newest agent, Kevin Sullivan, featured in Business Record Article

2011-02-25T10:36:00.005-06:00

By: Charlotte Barta
NAI Ruhl & Ruhl Commercial Company
Original Release Date: 2/18/2011

NAI Ruhl & Ruhl Commercial Co.'s newest agent, Kevin Sullivan is the featured person in this month's Business Record, "A Closer Look". Sullivan reflects back on his 18 year career in the Commercial Real Estate business and his views on mentoring.

Kevin's career began with a desk, a phone, and a phone book. It was this that shaped his future and views on mentoring. He states, "The commercial real estate business is very competitive. It is straight commission, and probably eight or nine out of 10 brokers do not mentor at all."

His passion for assisting other is not only reflected in his ability to mentor real estate hopefuls, he is also known for his exceptional ability to assist clients to find, lease, or sell industrial properties.

If you are interested in working with Kevin or need assistance leasing or selling a commercial real estate property, he can be reached at ksullivan@ruhlcommercial.com. (please no solicitations)

To read the whole article, click here.

NAI Global Honors Roger Leese of NAI Ruhl & Ruhl Commercial

2011-02-17T08:30:00.003-06:00

PRINCETON, NJ, February XX, 2011 – Roger Leese, Senior Vice President at NAI Ruhl & Ruhl Commercial in West Des Moines, Iowa, was recognized by NAI Global as a Top Producer for performance in 2010.

Leese was also recognized as a Top Producer at the Silver Elite level based on production in 2010.

The awards were presented in a ceremony on February 9 at the NAI Global 2011 Convention in Las Vegas.

NAI Global is the world’s premier network of commercial real estate firms and one of the largest real estate service providers worldwide. Based in Princeton, New Jersey, NAI Global manages a network of 5,000 professionals and 350 offices in 55 countries. NAI professionals complete over $45 billion in transactions annually.

About NAI Global

NAI Global is one of the leading commercial real estate services providers worldwide. Headquartered in Princeton, New Jersey, NAI Global manages a network of 5,000 commercial real estate professionals and 350 offices in over 55 countries, and completes over $45 billion in annual transaction volume. Since 1978, NAI Global clients have built their businesses on the power of NAI’s expanding network. NAI Global’s extensive services include corporate real estate services, brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain consulting and related advisory services. To learn more, visit www.naiglobal.com. Follow us on Twitter (@NAIGlobal) and Facebook.

# # #

Contact: Mark Klionsky, 609-945-4082 or mklionsky@naiglobal.com

NAI Global Names John Viggers of NAI Ruhl & Ruhl Commercial

2011-02-17T08:26:00.002-06:00

PRINCETON, NJ, February XX, 2011 – NAI Global today named John Viggers of NAI Ruhl & Ruhl Commercial in West Des Moines, Iowa, to the NAI Global Elite, a group comprised of the organization’s top performers and top producers. Viggers qualified as a Top Performer at the Elite level based on production in 2010.

The award was presented in a ceremony on February 9 at the NAI Global 2011 Convention in Las Vegas. Based in Princeton, New Jersey, NAI Global manages a network of 5,000 professionals and 350 offices in 55 countries. NAI professionals complete over $45 billion in transactions annually.

About NAI Global

- - -

Contact: Mark Klionsky, 609-945-4082 or mklionsky@naiglobal.com

Tom Knapp, Ruhl Vice President, Discusses Assessment Protesting with the Business Record

2011-01-28T12:10:00.007-06:00

By: Charlotte Barta
NAI Ruhl & Ruhl Commercial Company
Article Date: January 28, 2011

As a former property appraiser, Tom Knapp, CCIM, MAI, is a natural for assessment protest work. Saving clients over a half a million dollars a year in tax protesting, this Vice President understands commercial real estate and a good sense of market trends.

To read the original article published by the Business Record, please click HERE.

Tom Knapp, CCIM, MAI, Vice President, has been part of the NAI Ruhl & RuhL Commercial Company team since 2007.

Ruhl & Ruhl Agent Assists in new Ames Buffalo Wild Wings

2011-01-24T11:01:00.006-06:00

By: Charlotte Barta

Marketing Coordinator NAI Ruhl & Ruhl Commercial Company

January 24, 2011

The booming retail corridor of South Dufff Avenue in Ames, Iowa can expect another great addition to the area, Buffalo Wild Wings. Des Moines based NAI Ruhl & Ruhl Commercial Company Vice President, Christopher Stafford, CCIM, has been instrumental in bringing this restaurant chain to Ames. Not only will the new building house the sports themed sports restaurant and bar, US Cellular plans to occupy the other 3,000 SF.

In a recent article by the Iowa State Daily, President of Ames Chamber of Commerce, Dan Culhane said, "This is a good sign for the economy and shows that it is a legitimate market for a variety of businesses."

Ames Tribune reported the tenants of the 8,500 SF building located on the site of the former Home Furniture Store, plans to open thier doors for business in mid-late March.

Links:
Ames Tribune, "Buffalo Wild Wings coming to South Duff Avenue"
Iowa State Daily, "New business growth on Duff Avenue good sign for Ames"

Chuck Ruhl inducted into the Midwest Real Estate News "Hall of Fame"

2011-01-12T09:09:00.004-06:00

Charles Ruhl, President and CEO of NAI Ruhl & Ruhl Commercial Company, is part of the first class of inductees into the, "Midwest Commercial Real Estate Hall of Fame." Being sited for his committment and professionalism as a "commercial real estate veteran," in the minds of his nominators and clients Ruhl is a natural fit for this prestigious induction.

Charles Ruhl's career profile and accomplishments will be run on the Midwest Real Estate News website sometime this year.

For more information or to read the first person highlighted in this article please click, here.

IOWA CCIM CHAPTER RECOGNIZES NEW DESIGNEES

2010-11-18T11:11:00.001-06:00

CCIM Designation Signifies Expertise in Commercial Real Estate

(YOUR CITY) October 2010 – The Iowa CCIM Chapter has recognized 4 chapter members who recently earned the Certified Commercial Investment Member (CCIM) designation from the CCIM Institute, one of the leading commercial real estate associations in the world.

Awarded the designation at the institute’s business meetings in Orlando, Florida, were Marcus Pitts, Markell Kuper, Tami Holtz and Dane Anderson. They were among a record 549 commercial real estate professionals who passed the CCIM Comprehensive Examination, the final component in the designation process. Only about 6% of the estimated 150,000 commercial real estate practitioners nationwide hold the CCIM designation, which reflects not only the caliber of the program, but why it is one of the most coveted and respected designations in the industry.

The CCIM designation is awarded upon successful completion of a graduate-level education curriculum and presentation of a portfolio of qualifying experience. The curriculum addresses financial analysis, market analysis, user decision analysis, and investment analysis, the cornerstones of commercial investment real estate. CCIMs are recognized experts in commercial real estate brokerage, leasing, asset management, valuation, and investment analysis.

The Iowa CCIM Chapter is one of nearly 62 local chapters of the CCIM Institute. The mission of the chapter is to provide quality education programs, networking opportunities, and technology products to its nearly 200 members, as well as to promote the merits of the CCIM designation to prospective members and the business community at large.

Since 1969, the Chicago-based CCIM Institute has conferred the Certified Commercial Investment Member designation to commercial real estate and allied professionals through an extensive curriculum of 200 classroom hours and professional experiential requirements. Currently, there are more than 9,000 CCIMs in 1,000 markets throughout the United States, Canada, and 30 additional countries. Another 7,000 practitioners are pursuing the designation, making the institute the governing body of one of the largest commercial real estate networks in the world. An affiliate of the National Association of Realtors®, the CCIM Institute’s recognized curriculum, powerful technology tools, and networking programs impact and influence the commercial real estate industry. Visit www.ccim.com or http://chapters.ccim.com/iowa for more information.

Community News: Gov. Chet Culver Announces New Chicago-to-Iowa City Intercity Passenger Rail Route

2010-10-25T16:51:00.003-05:00

Gov. Chet Culver announced today plans to begin constructing a new high-efficiency, low cost option of traveling to Chicago, IL from Iowa City, IA. Gov. Culver promised this new railway system will, "set new national standards for reliable, cost-efficient, passenger rail service in the United States."

According to the Business Record the train will run two times a day at a maximum speed of 79 mph with each trip taking less than 5 hours. The Record also reported each train will be able to accommodate 230 passengers with a projected first year to have over 246,800 riders.

To read more on this article, click here.

Your Opinion: What is the value of a Property Management division in a commercial brokerage office?

2010-10-14T16:17:00.006-05:00

By: Charlotte Barta
NAI Ruhl & Ruhl Commercial Company
Original Article: "Dave Petersen: Property management success all about listening", published October 12, 2010 to The Midwest Real Estate News, edited by Dan Rafter

Chicago-based NAI Hiffman's own Dave Petersen recently sat down with the Midwest Real Estate News for an interesting and informative interview. Topic of discussion: the success of property management sectors in brokerage firms today. Mr. Petersen points out, "When you are working in property management, you are creating access to other revenue streams... You are providing your leasing brokers an additional opportunity to call for business as they are out trying to fill space in buildings."

He also goes on to discuss how to keep your tenants and owners happy and what he believes is in store for the future of Property Management. If you would like to read the original article, please click here.

For Sale: Former Auto Service Building For Sale in the Heart of Des Moines

2010-10-12T09:03:00.006-05:00

Open publication - Free publishing - More buy a business

DETAILS

89 University is a retail/automotive building with office, service and storage areas, 6 drive-in doors, and 1 dock door. Located just east of 2nd Avenue on University Ave, there is easy access from Interstate 235 via the 2nd Avenue exit. Just blocks from Des Moines, Iowa's premier health care provider and primary hospital, Mercy Medical Center, this location experiences high volumes of traffic with premier frontage on University Avenue.

Contact Keith Olson at kolson@ruhlcommercial.com for more information on this listing.

NAI Global Report: "A Robust Rebound or Mediocity"

2010-09-08T16:16:00.004-05:00

NAI Global reports a robust job recovery is under way in a white paper recently published earlier this summer. But, our desire to celebrate is tempered by the realization that the strong steady growth we expect for the next several years will only get back what we needlessly lost.

To read this truly extensive look at our economy today, please click here.

Community Life: CNNMoney.com reports Des Moines ranked high on Most Recession-Proof Cities List

2010-07-28T14:01:00.007-05:00

by: Charlotte Barta, marketing coordinator
Original article: By Hibah Yousuf, staff reporter June 24, 2010: 9:35 AM ET

With Albany, NY leading the way, CNNMoney.com reports the top 21 cities that have remained unshaken by the recession. With cities such as Dallas, TX, Little Rock, AR, and Washington D.C. on the list, Des Moines, Iowa ranked among the highest in 8th position. Contributing factors were stable labour, housing markets, and healthy economic activity.

This isn't the first time Des Moines has ranked high on a national scale. This Midwest city can be found at the top of the Best City in America, Best City for Business and Careers, Best place to Raise a Family, and Strongest US Metro Economy lists.

NAI Ruhl & Ruhl Commercial Company, Des Moines office, can attest to these statistics by reporting positive company growth in the last 2 years. They have added over 10 employees and 2 million square feet to their portfolio as well as expanded their services to encompass more cities in the State of Iowa.

To read the original article, please click here.

NAI Global Reports: "Gulf Oil Spill Not Likely to Impact Commercial Real Estate"

2010-06-22T10:43:00.004-05:00

By: Peter Setaro
Distributed via email on June 22, 2010 at 10:39am

"Gulf Coast Commercial Property Experts See No Long-Term Effect on Supply or Demand

PRINCETON, NJ, June 22, 2010 – The BP oil spill that has continued for more than 60 days has caused widespread environmental damage and is already affecting shipping, fishing and tourism, but commercial property experts in the region do not believe the accident will have a significant impact on Gulf Coast real estate markets, according to a special report released today by NAI Global.

Commercial real estate leaders from markets bordering the Gulf of Mexico and renowned economist Dr. Peter Linneman weigh in on how experts are quantifying the impact of the oil spill, and provide regional on-the-ground observations of how property markets are faring today. While some markets may see a temporary up-tick resulting from the cleanup efforts, most do not expect any long-term impact, positive or negative, on supply or demand, the primary factors influencing rental rates and property values.

NAI Global, the world’s premier managed network of commercial real estate firms and one of the largest real estate services providers worldwide, has a presence in markets all along the Gulf Coast, including New Orleans, LA, Pensacola, FL, Mobile, AL, Fort Myers, FL, and Houston, TX.

While there is no questioning the potential environmental impact, Dr. Linneman, NAI Global’s Chief Economist, suggests that political activists are inflating the economic impact of the oil spill, and that the impact on the Gulf Coast’s economy in general and real estate in particular will probably be minimal.

“This spill is the most overhyped problem we’ve seen in the past six months,” said Dr. Linneman. “The overall economic impact to the nation will be trivial.”

The full report is available for free download at www.naiglobal.com under Publications/Articles & White Papers, or by clicking here."

Ruhl Vice President Mike Carver featured speaker in YMCA interview

2010-06-18T13:53:00.003-05:00

Midwest Real Estate News: NAI Global Ranks at Top of List for Brokerage and Property Management

2010-06-17T10:35:00.010-05:00

By: Charlotte Barta, marketing coordinator

NAI Ruhl & Ruhl Commercial Company

The much anticipated Midwest Real Estate News, "2010 Best of the Best," is out with some interesting surprises. Between 33 offices, all located in the Midwest, NAI Global's network of brokerage offices completed over $2 billion in transactions and investment sales alone. This means over 3,000 leases were signed and over 86 million SF of space transacted. These impressive numbers placed them 4th for the 2010 Best of the Best. Contributing to these numbers include NAI Ruhl & Ruhl of Des Moines, IA, NAI Hiffman of Chicago, IL, NAI Farbman of Detriot, MI, NAI Desco of St. Louis, MO, and NAI MLG of Brookfield, WI to name a few.

The Best of the Best rankings include Top Brokerage, Top Owners, Top Law Firms, Top Direct Lenders, Top Construction Companies, Top Financial Intermediaries, and Top Property Managers. With 2009 being a record year for how hard the economy hit the real estate market, the numbers reported in the issue are encouraging there was activity and many offices were able to keep their heads above water.

Other notable rankings include NAI Global ranking 4th and NAI Hiffman ranking 9th in Property Management. NAI Hiffman was the only independent office operation to be placed in the top 10 for largest property management firms in the Midwest. They were just a few SF shy of the number 8 ranked Grubb & Ellis Company.

**The Midwest Real Estate News "2010 Best of the Best" was published and distributed in June of 2011.

Forbes.com: Des Moines voted best place to raise a family in 2010

2010-06-15T10:53:00.005-05:00

By: Charlotte Barta, marketing coordinator
NAI Ruhl & Ruhl Commercial Company

When comparing cost of living, prevalence of home ownership, median household income, housing costs, commute time, crime and the percentage of young adults that graduate high school, Des Moines, Iowa is able to hold it's own against highly recognizable cities such as Syracuse, NY and Pittsburgh, PA. And there is a Forbes.com poll to prove it!

It seems as though Des Moines, Iowa can't do wrong by Forbes Magazine/Forbes.com. In recent years Des Moines has made the cut in such polls as the Best Place for Business and Careers, America's Cheapest Cities, and now The Best Place to Raise a Family. This goes to show great things do come in Midwestern packages if low living costs, short commute times, and great schools are of interest to you.

For more information and the original article, please click here.

Kiplinger.com: Des Moines Ranks 9th for the Best City in America

2010-06-04T14:28:00.002-05:00

To view the video on Kiplinger's website, please click here.

Forbes Magazines Ranks Des Moines as the "Best Place for Business and Careers"

2010-05-27T13:29:00.003-05:00

April 14, 2010: Forbes Magazines has released there 2010 picks for the "Best Places for Business and Careers" with Des Moines topping the list. The article cited Des Moines', "quality of life as a big draw for corporations. Housing is affordable with a median home price of just $149,000, one-quarter the price of a home in the San Francisco area. Commute times, according to the Census Bureau, average 19.8 minutes, one of the fastest in the U.S."

Other Midwest cities who topped the list include Fort Collins, CO in 4th place, Lincoln, NE in 5th place, Denver, CO in 6th place, and Omaha, NE in 7th place.

To read more about what Forbes had to say about Des Moines and to see who else made the list, please click here: Forbes Magazine, "The Best Places for Business and Careers".

Des Moines, IA: Ruhl Associate Olson Named, "2009 Downtown Broker of the Year"

2010-04-22T09:43:00.013-05:00

By: Charlotte Barta, marketing coordinator

NAI Ruhl & Ruhl Commercial Company

Signing more deals in downtown Des Moines than any other broker, Keith Olson, NAI Ruhl & Ruhl Commercial Company associate, was honored with the "2009 Broker of the Year" award. A few of Olson's 2009 transactions included:

5 year renewal for 19,161 SF in one of downtown's premier high-rise properties, the Partnership Building

New 5 year lease for 2,375 SF in a retail space that has been vacant for more than 2 years
Premier Credit Union signed a new 5 year lease for 1,526 SF in the 700 Locust Mall

The success of being the "2009 Transaction Leader" has continued into 2010. Olson assisted a tenant with relocating to a 2,380 SF prime retail space in downtown Des Moines which remained vacant for 5 years.

The humble associate attributes his success to hard work and diligence. If you would like the assistance of Keith Olson, please contact him by email at kolson@ruhlcommercial.com or by phone at (515) 309-4002.

Ruhl News: NAI Global Announces, "NAI Global Named Global Broker of the Year"

2010-03-11T08:09:00.004-06:00

By: Peter Setaro, NAI Global
Broadcasted March 10, 2010

The readers of Private Equity Real Estate (PERE) magazine named NAI Global the Global Broker of the Year in the PERE Awards 2009.

“Each year, the readers of PERE magazine and PERENews.com nominate and choose the firms, individuals and deals they believe stood out from the crowd the previous year,” said Zoe Hughes, Senior Editor, Real Estate. “2009 was a year in which the private real estate investing world experienced a tremendous amount of turmoil, so to be selected in this year’s awards is a tremendous accolade from our readers and a vote of confidence in what lies ahead for NAI Global.”

“This award is a testament to the quality and commitment of NAI Global and its professionals around the world in serving the private equity and financial sectors,” said Jeffrey M. Finn, NAI Global President & CEO. “Looking ahead, we will continue to innovate and add value with focused service offerings like our Special Asset Solutions group or the Commercial Property PowerSale™ program, to deliver exceptional results for clients around the globe.”

NAI Global offers a wide range of services for the commercial real estate investment sector, including asset management, acquisition/disposition, property management, leasing/agency services, valuation and advisory, market analytics, auction and portfolio optimization. The Global Broker of the Year award from PERE serves as recognition that NAI Global is the best at identifying and anticipating a client’s investment and brokerage needs.

Valuing Commercial Real Estate in 2010

2010-03-01T15:41:00.011-06:00

By: Tom Knapp, CCIM, MAI
NAI Ruhl & Ruhl Commercial Company
Original article published by the Iowa Bankers Association on February 26, 2010

The principles of valuing commercial real estate in a recession may be similar to ordinary times, but the importance of being in touch with the market and what its participants are thinking becomes heightened dramatically. Interpreting what terms market participants are willing and able to accept in any given transaction is the key to real estate valuation.

The three commonly accepted appraisal methodologies — the Cost Approach, Sales Approach and Income Approach — each represent their own challenges in today’s market.

The Cost Approach is a good check for the Sales and Income Approaches but is not reliable by itself. When speculative developments are not considered feasible, estimating the different forms of depreciation becomes increasingly difficult. Total accrued depreciation is more accurately represented in the Sales and Income Approaches.

Recent sales of similarly-improved properties are an indication of market value after adjusting for differences. This recognizes the availability of competitive substitute properties in the market. Accuracy of the Sales Approach depends substantially upon demand. There must be an active market for the subject property. During stable times sales that occurred 12–36 months ago can still provide a reasonable indication of value. However, a sale that occurred at the market peak in 2007 could be quite misleading today. There is a significant price gap between buyers and sellers today, and as a result, there are few transactions. If your appraiser is using sales that all occurred more than 12 months ago, look for a significant amount of discussion and market support for their market conditions adjustment.

The Income Approach is the best valuation tool we have in our current market. Comparing current lease rates and terms to previous periods provides a good indication of the reduction in gross revenue from the market peak. As an example office lease rates in central Iowa are down 20 to 30 percent. This reduction can be less in prime locations and more in distressed properties. The main premise of the direct capitalization approach is that a market derived overall capitalization rate (OAR) when consistently derived and applied to similarly derived net operating income, provides a reliable tool to estimate market value. Further, if the OAR is applied to net income which includes similar expense, and reversion components as the sales from which it is derived, it also includes investor’s expectations of changes in NOI and reversion value over the future holding period. Consequently, given a stabilized property and anticipated cash flow, direct capitalization provides an analysis tool which can be used in most situations.

Utilizing this method to value a property that has above market vacancy or contract lease rates significantly different than current market rent will result in a substantial error. This is the most common mistake made by real estate professionals in valuing commercial real estate. When cash flows are anticipated to be irregular, or when there is a lease-up period, prior to stabilized occupancy, a discounted cash flow analysis is necessary.

To summarize current market conditions, I believe the market will return to fundamental principles of valuation for income-producing real estate and be primarily driven by fear instead of greed or the “greater fool theory” we experienced over most of the past 10 years. There will likely be a period of 12 to 24 months in which we experience a further reduction in value as investors consider the risk associated with this type of investment to be high. The large number of distressed properties will even have a negative effect on the value of stable, well-located properties.

Once we have realized the bottom of the market, I anticipate a slow recovery ranging from three to five years to achieve what investors will consider a healthy market. The two largest variables in achieving a stable market again, in my opinion, are employment and availability of capital.

About the Author
Tom Knapp is an associate with NAI Ruhl & Ruhl Commercial Company. He earned a B.A. in Finance with an emphasis in real estate from the University of Northern Iowa. He earned his MAI designation from the Appraisal Institute in 1997 and achieved CCIM (Certified Commercial Investment Member) designation in 1999. Contact Tom at tknapp@ruhlcommercial.com.

Community Life: Vice-President Stafford selected for "Forty Under 40"

2010-02-23T08:59:00.006-06:00

Written by: Charlotte Barta, marketing coordinator

Des Moines, Iowa: Selected for professional achievements, community contributions, and personal character, hundreds of central Iowans apply but only forty are nominated as, "Forty Under 40."

Every year the Des Moines Business Record sets out to find central Iowa's forty most reputable professionals under the age of 40 and honor them for their achievements. In the 10 years the Business Record has been inducting these professionals, NAI Ruhl & Ruhl Commercial Company has now had five associates welcomed into this prestigious class:

President Kurt Mumm, 2000
Regional Vice President John Viggers, 2001
Vice President Marcus Pitts 2007

Vice President Matt Lundberg, 2009
Vice President Christopher Stafford, 2010

The newest inductee, Vice President Christopher Stafford, was recognized for his retail work in the Des Moines Metro, the development of Willow Creek in Mason City, and continued involvement with various reputable community organizations such as the Junior Achievement Mentoring Program and Habitat for Humanity.

NAI Ruhl & Ruhl Commercial Company is proud of its “Forty under 40” associates. The company congratulates and applauds all of them for striving to do their best on the job and in the community. This continual desire for achievement is not only a reflection of the company; it also displays the drive of the associates who comprise it.

To read more about Christopher Stafford, or the original article, please visit, the Business Record’s, "Forty under 40."

Ames Tribune: "Former Home Furniture Site to be Commercial Center"

2010-02-09T09:09:00.004-06:00

Original Article By: Bob ZientaraStaff Writer
Published: Ames Tribune, Thursday, January 28, 2010 10:59 AM CST

"The site of the former Home Furniture store, 400 S. Duff Ave., will become a new commercial center later this year, according to a Des Moines real estate agent. Christopher Stafford, vice president for West Des Moines-based NAI Ruhl and Ruhl Commercial Co., said in place of the recently demolished Home Furniture building, a new, 8,500-square-foot building will be constructed this year.

The property is owned by Ames-based Tomco LLC and negotiations are on going with potential tenants, Stafford said. He also stated the property owners plan to break ground this spring, and the goal is to occupy the building with tenants by fall.

The building was sold last summer by NAI Ruhl and Ruhl Commercial Company. It briefly housed a mattress liquidation business before being demolished.

A fixture in the Ames retail community, Home Furniture opened for business in 1954 at 128 Lincoln Way, according to the Ames Historical Society. It was later moved to the South Duff location, and closed in the spring of 2009.Bob Zientara can be reached at (515) 663-6961 or rzientara@amestrib.com."

To view original article please click, here.

Community Life: Downtown Des Moines retains city gem located at the Partnership Building

2010-01-06T13:23:00.013-06:00

Thanks to the diligence of NAI Ruhl & Ruhl Commercial Company associate, Keith Olson, and President, Kurt Mumm, the Greater Des Moines Partnership will remain at 700 Locust Street for 5 more years. Ruhl Regional Vice-President, Gary Haverkamp, was appointed receiver in April of 2009, when the former owner, DBSI, filed for bankruptcy November, 2008.

The grueling 14-month closing process was drawn-out due to uncertainty of the property and it's future. The closing, however, locked in 19,161 square feet of prime office space in Downtown Des Moines, Iowa. The Greater Des Moines Partnership has been located at 700 Locust Street for over 10 years. It is not only a compliment, but a staple to the downtown environment.

If you would like to relocate your retail or office to this superior Downtown location, please contact NAI Ruhl & Ruhl Commercial Company associate, Keith Olson, for leasing information.

Keith Olson, associate
tel 515 309 4002
fax 515 309 4040
kolson@ruhlcommercial.com

Lease Retail Space: Affordable Flex space in fastest growing community in Iowa

2009-12-29T15:53:00.003-06:00

Westgate Business Park
755 Frontier Ave
Waukee, Iowa 50263

Available: 3,340 SF
Lease Rate: $4.75 PSF
Lease Type: NNN
Operating expenses: $2.75 PSF
Usage: Office, showroom, warehouse, and/or retail
Corner and end cap space available
100' deep with overhead door
Build-to-suit and expansion capable
Newly constructed building
Signage available on building above the suite

Contact Barbara K. Hokel for more information at bhokel@ruhlcommercial.com or (515) 309-4002.

Land for Sale: Indianhead Park in Mason City, Iowa

2009-12-17T11:46:00.004-06:00

An excellent investment opportunity in growing community with lots of potential. For more information or inquiries please contact Steve Scott at (515) 309-4002 or sscott@ruhlcommercial.com.

Land for Sale: “Andrew's Acres” next to Prairie Meadows Casino, Adventureland Amusement Park and Bass Pro Shop

2009-11-20T15:30:00.004-06:00

For more in formation on this listing or other commercial real estate inquiries, please contact Chris Thomason or Matt Lundberg at 515-309-4002 or visit www.ruhldsm.com.

Iowa CCIM Chapter Elects New Board

2009-11-18T11:38:00.018-06:00

The Iowa CCIM Chapter held its annual meeting to install the 2010 Executive Committee and Board of Directors. Bill Wittig of Allison James Estates and Homes, Commercial Division, was installed as President. New Officers include Vice President Gene Nelsen of Nelsen Appraisal, Treasurer Christopher Stafford with NAI Ruhl & Ruhl Commercial Company, and Secretary Jim Tansey, NAI Ruhl & Ruhl. Chapter Directors are Mark Patterson, Dustin Whitehead, Matt Lundberg, Niki DePhillips, Mike Shaffer and Chris Bogenrief.

Honored for his outstanding service and contributions to the Chapter, the outgoing President’s plaque was awarded to David Wilson of Lockard Companies.

The CCIM designation is recognized as the mark of professionalism and knowledge in commercial investment real estate. Only about six percent of commercial real estate practitioners nationwide hold the CCIM designation – which reflects not only the caliber of the program- but why it is one of the most coveted and respected designations in the industry.

Property Managers: Connect to share best-practices and prepare for 2010

2009-11-09T14:37:00.015-06:00

Las Vegas, Nevada: As a property manager, sharing of best-practices can be the single most effective way to self-educate and network. Many of us have read hundreds of articles about, "The New Economy," and how we all need to prepare ourselves because the past is just that, the past. The new economy promises to bring big successes, but how do Property Managers reap these benefits?

Sharing of best practices can be thought of as a constant evolution of “standard.” The disclosure of ideas, techniques, effective process, etc. in a supportive environment assists managers to better apply efforts in daily business. When competition offers insight as to what works for them, why not take advantage of the knowledge?

On February 1-4, 2010, NAI Global will give property managers the opportunity to convene for three, education-packed days to discuss the future of their businesses. With an emphasis on sustainable, “green” ideals for managers, the NAI Global Asset Management Council hopes to attract network managers and provide ideas for these uncertain times.

The council is actively working toward supportive resources for managers across the nation to utilize in the up-coming year. 2010 is approaching us quickly and we want to be prepared for whatever transpires.

For more information about the 2010 NAI Global Convention, being held at Caesar’s Palace in Las Vegas, Nevada, on February 1-4, 2010, CLICK HERE.

Business Week: Des Moines ranked 17 out of 40 strongest US metro economies

2009-11-02T09:42:00.009-06:00

Businessweek.com: In a recent article comparing the strongest economies in the United States, Des Moines is ranked 17th out of top 40. It is the highly educated population coupled with the subdued housing market which placed Des Moines among the top.

Monitoring and ranking is done by Brookings Institution's new MetroMonitor which ranks economies based on job growth, unemployment, gross metropolitan product, and home prices. The article also noted the most resilient economies were protected by "recession-proof" job markets that include sizable health care, education, and government sectors.

With so many articles focusing on our economy, I think it is safe to say there is light at the end of the tunnel. Despite vacant, for sale, and leasing signs still cluttering the streets of the Des Moines Metro, agents for NAI Ruhl & Ruhl Commercial Company seem optimistic about what the new economy has to offer.

To view NAI Ruhl & Ruhl Commercial Company's current listings, please visit http://www.ruhldsm.com/.

Original article, "The U.S. Metros Least Touched by Recession" by Prashant Gopal. http://www.businessweek.com/lifestyle/content/oct2009/bw20091021_441398.htm

Urbandale, IA: Pitts and Stafford close on $380k, 5,120 SF retail center

2009-10-27T13:51:00.011-05:00

Urbandale, IA: Location, negotiation, and patience paid off for Christopher Stafford, CCIM and Marcus Pitts at 6777 Hickman Rd, Urbandale, Iowa. Representing Liberty Bank, Stafford and Pitts successfully sold this 46% occupied center to Mark Courter where Courter plans to relocate his business.

Courter's State Farm Insurance Agency will join current tenants, Phoenix Cafe and Skyline Audio Productions. He expressed excitement and optimism about the new venture. This highly visible location on Hickman Road was marketed by Ruhl & Ruhl and closed on September 30th. Brown and Billings Commercial Real Estate Services represented the buyer.

For more information on this transaction or additional retail listings in the greater Des Moines metro, please contact Christopher Stafford, CCIM or Marcus Pitts at (515) 309-4002.

NAI Global Commercial Property PowerSale to Auction over $75m+ in assets on November 5

2009-10-27T08:35:00.009-05:00

For more infomation on the properties for sale, how the sale will run, or account set-up visit: http://powersale.naiglobal.com/

Ankeny, IA: Prairie Trail Open House

2009-10-19T09:28:00.006-05:00

NAI Ruhl & Ruhl Commercial Company, in conjunction with DRA Properties, will hold an open house at the Welcome Center to show off the newest and biggest development project in Ankeny, Iowa. Event Details are below:

PRAIRIE TRAIL OPEN HOUSE

October 27, 2009

1802 State Street (Prairie Trail Welcome Center)

Ankeny, Iowa

11:30am - 1:00pm

*There will be $200 in cash prizes while lunch is provided by Culpepper BBQ Catering

If you have interest in attending this event please RSVP to Carrie Peterson at cpeterson@ruhlcommercial.com by October 22, 2009. A list of the event's featured properties is below. Property booklets will be available at the open house as well as listing information.

Featured Properties:

Prairie Trail Town Center
Plaza Shoppes at Prairie Trail

Campus Town

Vintage Business Park

Otter Creek

Reuter Land

Hickman Commercial Land

Northpointe Village and Commercial: Plats 1, 2, and 3

Albaugh Industrial Park: Plats 2 and 5

Des Moines, IA: Ruhl & Ruhl employees enjoy giving back to the community

2009-10-14T16:21:00.008-05:00

Des Moines, IA: NAI Ruhl & Ruhl Commercial Company has an annual volunteer event where food is served to Central Iowa Shelter & Services patrons. Ruhl & Ruhl typically cators in a delicious dinner for the night, and this year Chuck's Italian-American Restaurant did the honors of delivering roast chicken, red potatoes, vegetables, and bread.

Ruhl Program Coordinator, Julie Mankel, said, "not only is this an opportunity to give back to the city, it is also a great team building project." Ms. Mankel along with 19 other Ruhl employees assisted with two separate dinners in August and October.

For more infomation on NAI Ruhl & Ruhl Commercial Company or for a current property listings, please visit http://www.ruhldsm.com/

Urbandale, IA: "Leave it to Beaver" star, Jerry Mathers, to visit Ruhl managed property

2009-10-01T09:11:00.009-05:00

Urbandale, IA: "Leave it to Beaver" star Jerry Mathers will be at NAI Ruhl & Ruhl Commercial Company managed location, 2530 73rd Street in Urbandale on October 12, 2009. An Iowa native, Mathers along with the Partnership for Prescription Assistance will be on site to promote the "Help is Here" bus tour beginning at 9:00am.

This location currently has 1,500 to 7,000 SF available for lease. Comprised of a campus with two buildings, this exclusive Urbandale office location offers a large basement for storage, full size kitchen, and key card access.

For more information this listing or others please call NAI Ruhl & Ruhl Commercial Company at (515) 309-4002 or visit the Ruhl Website.

Strategic America Selects New Offices: Move Highlights Nearly 30 Years for Marketing Firm

2009-10-01T08:38:00.003-05:00

(DES MOINES, IA, September 15, 2009) – Strategic America (SA), Des Moines’ leading advertising and PR firm as voted by readers of the Des Moines Business Record, will move to a new West Des Moines location this December. Strategic America has been at The Members Group facility at 1500 Northwest 118th Street in Clive for more than 10 years.

The new property that SA will call home, 6600 Westown Parkway, is owned by National Life of Vermont (NLV) and formerly housed Regency home builders. Doug Siedenburg of The Siedenburg Group represented SA in the agreement, while Marcus Pitts and Matt Lundberg of NAI Ruhl & Ruhl Commercial Company, represented NLV.

“This new office space presents a great opportunity for Strategic America to showcase our skills and work, which means SA will ensure an innovative environment that also highlights the products and services of our clients” says SA President & COO John Schreurs. “Our associates always seek a better way in our strategies and creativity. So, we sought and fortunately have found a unique location that, once it’s fully built out, will reflect that. We’re excited to exhibit the products and campaigns of our valued clients, many of which are home products companies.”

“This location will suit SA’s needs well,” says Marcus Pitts, Vice President at NAI Ruhl & Ruhl Commercial Company. “While SA is undertaking remodeling to develop its own unique space, many of the design elements from Regency will serve as a foundation for this. We are confident that this agreement and this location are a win-win for all parties.”

“We feel that that 6600 Westown is a class ‘A’ building and SA is the exact type of tenant that we are looking for,” adds Matt Lundberg, Vice President, NAI Ruhl & Ruhl Commercial Company.

“We believe that this facility will not only serve to highlight our clients and the work we do for them, but also to continue to attract the high-level talent needed to compete nationally,” says Schreurs.

Strategic America is an integrated marketing communications firm that employs 85 communications professionals. Founded in 1980, Strategic America represents more than 40 diverse national, regional and local clients, focusing on insurance/financial services, retail, government and nonprofits, business-to-business and channel marketing.

Strategic America is a well-regarded member of the American Association of Advertising Agencies (AAAA), the Public Relations Society of America (PRSA), Worldcom Public Relations Group and the Direct Marketing Association (DMA).

Central Iowa: Over 60 Acres of Prime Real Estate Available Adjacent to new Bass Pro Shops

2009-09-14T16:06:00.008-05:00

Central Iowa: The grand opening of Bass Pro Shops in Altoona, Iowa has paved the way for redevelopment of east Des Moines’ metro. Not only is Bass Pro Shops located there, but Adventureland and Prairie Meadows Racetrack and Casino are all found within a two mile radius.

In the heart of this retail, lifestyle, and entertainment haven is a listing by Steve Scott, CCIM and Christopher Stafford, CCIM for two parcels totaling 64.2 acres for big box retail, office, industrial, or transportation/logistics. All utilities are available on-site, land is divisible, and the area offers a good quality, educated workforce.

Not only does this location offer potential from area amenities, the land sits in the middle of three major intersections - Interstate 80, Highway 6 and Highway 65 Bypass - making it extremely accessible from all directions.

For more information on this outstanding investment opportunity please contact Steve Scott, CCIM at (515) 309-4002 or sscott@ruhlcommercial.com.

Ankeny, IA: DRA Properties selects Marcus R. Pitts with NAI Ruhl & Ruhl Commercial to market growing commercial real estate portfolio

2009-09-02T14:42:00.005-05:00

Ankeny, Iowa— DRA Properties (DRA), an Ankeny-Iowa-based real estate company owned by Dennis Albaugh, founder and chief executive of Albaugh Inc., and NAI Ruhl & Ruhl Commercial Company, an international, fully-integrated commercial real estate company based in West Des Moines, today announced a new partnership to market DRA’s growing commercial real estate portfolio including its largest project, Prairie Trail in Ankeny.

“We believe Marcus Pitts is an excellent match for our portfolio,” said DRA owner, Dennis Albaugh. “His expertise, strong track record in the industry, and entrepreneurial spirit will be of great benefit to our organization.”

“We are extremely excited about this opportunity” Pitts stated. “With our strong marketing team behind this project, we will be able to help expose the DRA portfolio to all of Iowa and beyond. We understand what companies can afford to pay to occupy space and purchase ground in today’s market and we have lowered our pricing across the board to reflect today’s business climate. Our aggressive pricing, coupled with numerous economic business incentives can greatly reduce a company’s overall occupancy cost. These factors will put our projects at a competitive advantage within the Greater Des Moines marketplace.”

DRA’s current portfolio includes commercial and multifamily development ground as well as retail, office and industrial space for lease and for sale. DRA is constantly looking for new commercial real estate opportunities both in Iowa and nationwide.

For commercial leasing and sale information, call Marcus R. Pitts at 515-309-4002 or visit the NAI Ruhl & Ruhl Commercial Company Properties page.

NAI Global Spotlight: Des Moines Remains an Attractive Market for Growing Financial Firms

2009-08-20T13:50:00.008-05:00

By: Peter Setaro,

NAI Global

"Global Spotlight Issue #121 - Des Moines, Iowa"

Des Moines is a major insurance hub and home to several well-positioned financial services firms. Wells Fargo, the region’s largest employer, has added jobs to its mortgage operations this year.

While some insurance firms have had layoffs, others have major building projects under way. Aviva, the world’s fifth largest insurance group, is developing a 360,000 SF U.S. headquarters in West Des Moines. John Deere Credit is expanding its headquarters by 145,000 SF in Johnston. Wellmark Blue Cross and Blue Shield is constructing a new 500,000 SF headquarters downtown. With Aviva and Wellmark moving from leased space to owner-occupied space, office space tenants will find plenty of options in the metro market. Principal Financial Group, EMC Insurance and ING also have a large presence in the market.

Technology companies are growing in Des Moines. Pioneer, a unit of DuPont, recently completed 150,000 SF of office, lab, greenhouse and warehouse space. Kemin, Monsanto and other technology firms have recently expanded. The region’s agricultural and food industries are holding up relatively well during this recession.

Located at the crossroads of the nation, where I-35 and I-80 intersect, the area is an excellent location for manufacturing and distribution. Major manufacturing firms include John Deere and Bridgestone Firestone. New speculative industrial buildings, plus the closing of Lennox’s North American Parts Center, provide quality space opportunities for distribution firms.
With reliable and affordable electricity supplied by MidAmerican Energy, Des Moines is gaining attention in the data center industry. Microsoft plans to build a data center in West Des Moines and the state recently approved data center incentives making the region an even more attractive environment for data centers.

Des Moines At a Glance:
Population - 556,230
Location - Capital of Iowa, located in Polk County
Unemployment - 5.7%
Major Economic Drivers - Financial services, biosciences, advanced manufacturing, information technology

Property Information:

Downtown, Office Class A

- Rent: Low $10.00

- Rent: High $24.00

- Vacancy Rate: 17.1%

Suburban, Office Class A
- Rent: Low $10.00
- Rent: High $24.00
- Vacancy Rate: 20.6%

Industrial
- Rent: Low $1.00 NNN
- Rent: High $4.50 NNN
- Vacancy Rate: 9%

Retail
- Rent: Low: $6.00 NNN
- Rent: High: $24.00 NNN
- Vacancy Rate: 23.6%

NAI Ruhl & Ruhl Commercial is a full-service commercial real estate firm offering local expertise in the greater Des Moines market.

AFFORDABLE Office Space in Ankeny, Iowa

2009-08-10T14:36:00.010-05:00

Located in one of Iowa's premier cities, Ankeny, Iowa

AVAILABLE FOR LEASE
110-114 NW 9th, Ankeny, IA

Available: 2,500 SF
Lease Rate: $11.00 PSF NNN
Suite 110: 1,250 SF
Suite 114: 1,250 SF
*Great location: near residential, shopping, and schools
*Tenants include: Electric Beach Tanning and Edward Jones
*Each suite has 5-6 private offices and nice reception area

AVAILABLE FOR LEASE
114 NW 5th, Ankeny, IA

Available: 800 SF
Lease Rate: $10.75 PSF NNN
*Excellent Ankeny location
*Office space with 3 private offices and reception area
*Basement storage available

For more listing information please contact Barbara K. Hokel, CCIM at (515) 309-4002 or bhokel@ruhlcommercial.com

West Des Moines: Knapp and Lundberg assist in the relocation of Innovative Injection Technologies storage site

2009-08-07T08:45:00.010-05:00

West Des Moines, IA: A foreclosed, 35,944 square foot warehouse located at 2340 Grand Ave is the new storage site for Innovative Injection Technologies. Matt Lundberg, CCIM and Tom Knapp, CCIM represented VisionBank of Iowa in this transaction while Marcus & Millichap represented the buyer. i2Tech, which specializes in the development of highly engineered plastic components, plans to use only one of the three warehouses on the 2.34 acre site. They will lease the remaining square feet of cold storage and converted office space they do not plan to use. (this can also be found in the Midwest Business Record published 8/5/09)

For more leasing information please contact:

Matt Lundberg, CCIM at (515) 309-4002 or email mlundberg@ruhlcommercial.com or Tom Knapp, CCIM at (515) 309-4002 or email tknapp@ruhlcommercial.com.

Grimes, IA: Vice-Presidents Erickson and Lundberg sign new 7-year lease for 12,000 SF with Yamaha of Des Moines

2009-08-06T11:04:00.011-05:00

Vice Presidents, Matt Lundberg, CCIM and Brian Erickson, CCIM represented both tenant and landlord in signing Hicklin Power Sports, LLC for a seven-year, 12,000 square feet lease at 5601 Gateway Drive in Grimes, Iowa.

Hicklin, dba Yamaha of Des Moines, plans to relocate thier showroom from 5708 Gateway Drive to 5601 Gateway, Grimes, around January 1, 2010. (Article can also be viewed in the Commercial Real Estate Weekly.)

For more leasing infomation please contact:
Matt Lundberg, CCIM at 515-309-4002 or email mlundberg@ruhlcommercial.com or Brian Erickson, CCIM at 515-309-4002 or email berickson@ruhlcommercial.com.

West Des Moines, IA: Washburn signs new 3 year, 6600 SF Lease

2009-07-31T17:50:00.008-05:00

Clive, Iowa: Ben Washburn, NAI Ruhl & Ruhl Commercial Company, represented major investment group Heartland in signing a 3-year, 6,600 SF lease to relocate their West Des Moines, IA, office to 12345 University in Clive, IA. Heartland Mortgage Group is a division of Gershman Investments Corp.

(image courtesy of the Polk County Assessor site)

For more leasing information please contact Ben Washburn at, bwashburn@ruhlcommercial.com or (515) 309-4002.

Ames, Iowa: Vice-President Christopher Stafford heads redevelopment of city's busiest commercial corridor

2009-07-16T16:29:00.005-05:00

NAI Ruhl & Ruhl Vice President, Christopher Stafford, CCIM, is heading redevelopment of Ames' busiest business corridor, South Duff Avenue. According to a recent article in the Ames Tribune, plans include a new Petco, Qdoba, and a possible Buffalo Wild Wings.

For prospective retailers, sale of the old Home Furniture Store allots two buildings offering a 21,000 square foot store and a 12,000 square foot warehouse; this space can either be leased or redeveloped. The adjacent building to Petco is also leasable with up to 13,600 square feet.

For listing information please contact Christopher Stafford, CCIM at (515) 309-6706 or cstafford@ruhlcommercial.com

To read the original article please visit http://www.amestrib.com/articles/2009/07/09/ames_tribune/news/doc4a5615b039f2a036519229.txt.

Ruhl & Ruhl Enters Into Development Agreement With Lawton, OK Economic Development Authority For Major Downtown Redevelopment Project

2009-07-07T09:57:00.008-05:00

WEST DES MOINES, IA: NAI Ruhl & Ruhl Commercial Company has announced its agreement with the Lawton (Oklahoma) Economic Development Authority (LEDA) to design, acquire, and develop a 54 acre tract of land located in the heart of the city at the crossroads of Gore Boulevard and 2nd Street. Ruhl & Ruhl suggested the project to city leaders in 2006 and has worked closely with them since then to negotiate an agreement that will serve as a blueprint for moving the project forward in coming months.

“Lawton represents one of the most exciting opportunities for redevelopment I’ve seen anywhere,” said Steve Scott, Senior Vice President of Ruhl & Ruhl. “This is a city that has exploding growth as a result of the BRAC realignments approved by Congress a couple of years ago and, in addition, has a significant piece of property that is ideally positioned to serve the regional population as well as being a catalyst for the city’s downtown redevelopment efforts. Although its been a long time coming, and it comes together during the most challenging economic time our country has ever faced, we think the opportunity presented by Lawton is so compelling that we will overcome these difficulties and have a hugely successful project here.”

When completed the project, called Lawton Town Center, is planned to contain 750,000 square feet of retail stores, restaurants, entertainment venues, and a hotel with conference center. The city also plans to construct a sports arena and cultural district adjacent to the project in the future.

“We’ve been thoroughly impressed with the quality of leadership in Lawton. We wouldn’t have come this far without a lot of vision and passion for what Lawton can become on the part of city leaders,” said Scott. “These folks have assembled what is unquestionably one of the most strategic development tracts in the Southwestern U.S. and good things are bound to happen here. We are thrilled to be part of this opportunity.”

Ankeny, IA: Profitable Development Project!

2009-06-26T15:08:00.003-05:00

Available for Sale
Signature Village

NW State Street and 18th Street

Ankeny, Iowa 50021

Located in a rapid a growing residential area outside of Des Moines, IA this new development offers waterfront and corner lots with close proximity to the area's sports complex, Prairie Ridge Youth Sports Complex.

For more information on prices, square footage available, and showings please contact Barb Hokel at 515 309 4002 or bhokel@ruhlcommercial.com.

Des Moines, IA: Academy Award winners Adrien Brody, Forest Whitaker, Elijah Wood filming new movie at Ruhl listed locations

2009-06-26T14:24:00.012-05:00

The stage is set for Academy Award winners Adrien Brody, Forest Whitaker, and Elijah Wood to film, "The Experiment," at a NAI Ruhl & Ruhl Commercial Company listed locations around Des Moines, IA. Iowa will see a dramatic increase in Hollywood directors choosing to film here due to recent tax incentive legislation passed in 2007 (The Des Moines Register, "Elijah Wood, Adrien Brody, Forest Whitaker, Robin Williams, more will be in Des Moines area for movie shoots"). This is exciting news for Iowans to be part of the new trend of production companies bringing movie sets to Iowa. It is said there are three movies to be filmed in Des Moines this summer.

The big names of this film don’t just end with Brody, Whitaker, and Wood other appearances include OC star, Cam Gigandet.

For more information and original reference please read the Des Moines Register article, "Elijah Wood, Adrien Brody, Forest Whitaker, Robin Williams, more will be in Des Moines area for movie shoots."

For listing information please contact Chris Thomason at 515 309 4002, cthomason@ruhlcommercial.com or visit the NAI Ruhl & Ruhl Commercial Company listing site.

Des Moines, IA Real Estate: FREE Rent for One Year with new 5 year lease!

2009-06-24T16:29:00.005-05:00

ONE YEAR FREE RENT WITH NEW 5 YEAR LEASE!

Continental Building

1441 29th Street

West Des Moines, IA 50266

Available suites:
Suite 200 - 4,500 SF
Suite 310 - 2,641 SF

Lease rate: $12 PSF

Lease type: Full Service Gross

Excellent West Des Moines location, On site parking, Easy access to Westown Parkway and Interstate 235, Located in a quiet park-like setting, and Monument signage available.

For more information contact:
Keith Olson
515 309 4002
kolson@ruhlcommercial.com

"What to Expect From Your Property Manager " - D. Scott Smith, CCIM

2009-06-19T11:14:00.003-05:00

With approval of Mr. Smith, below is an interesting read on what tenants should expect from thier Property Manager or what Property Managers should be providing.

By: D. Scott Smith
Dear Clients,

"Location, rent and amenities probably were the deciding factors when it came time to lease a space to house your business. But before you sign that lease contract and begin arranging for movers, it's prudent to learn about the person who'll be the conduit between you and the owner, the "go-between" source for questions, complaints and comments.

That person is the property manager.

Depending on the building, the property manager may be housed in an office on premise, or at a remote location. In any case, the role of the property manager basically is twofold: manage the owner's investment so it generates a profit, and fulfill contractual obligations to the tenants.

Keep in mind that the property manager works for the owner, but he or she is there to serve you - the tenant, the source of income from the real estate investment. (Within smaller real estate holdings, the owner will manage the property.) A successful property manager will have the ability to interact effectively with people, or as one commercial real estate veteran put it: "Believe that he or she has to renew each tenant lease every day."

Experience certainly is a plus, but a professional or company new to the industry may compensate any lack of experience through aggressive management or thorough attention to detail. Some managers hold a professional designation, such as the Certified Property Manager (CPM), Real Property Administrator (RPA) or Certified Shopping Center Manager (CSM). You also should ask how much experience the manager has in the type of property you plan on leasing.

With ultimate responsibility for well-being of the building and its tenant base, the manager in most cases does not perform the day-to-day tasks like janitorial work, but rather supervises outside contractors.

Expect the manager for an office or retail property to take on the following responsibilities:

Lease Negotiations - Many managers take on the role of agent in charge of hammering out a lease agreement between you and the owner, as well as any renewals. Regardless of who is representing the owner, you should enlist a qualified attorney before signing a lease.

Rent Collection - The collection of rent, including a daily record of how the proceeds were deposited, is a basic function of the manager. You'll hear from the manager if the rent is late.

Maintenance - You won't see many managers pushing a broom or changing light bulbs, unless there's an emergency. However, the manager is responsible for screening, hiring and supervising the job done by outside contractors and custodians. Address common area maintenance or upgrade work concerns with the manager, not the workers themselves.

Security and Safety - As with outside maintenance workers, it's the managers job the make sure the space you rent has adequate security program in place and meets federal, state and local safe workplace regulations. Based on the type of property, security may range from uniformed guards on premise to insuring door locks are working."

For more information or to read more, please visit www.ccim.com/about/ccim.html.

Des Moines, IA: Ruhl & Ruhl Commercial Company Participates in 2009 Golden Circle Games

2009-06-19T10:44:00.007-05:00

Team Rock 'n Ruhl competed in the 2009 Golden Circle Games held at the Iowa State Fair Grounds on June 17, 2009. With two teams participating in this year's event, each team of 8 was challenged to games such as 8 Degrees of Kevin Bacon and Celebrity Fit Club. Although a trophy wasn't taken home, many memories of tossing a chicken into a bucket using a plunger or swinging a potato to hit a cup across the finish line were won.

To view more images of the game please visit the Des Moines MetroMix at, http://desmoines.metromix.com/events/photogallery/golden-circle-games/1262412/content.

Des Moines, IA: Ruhl is featured in newest Midwest Real Estate Journal!

2009-05-29T11:26:00.004-05:00

President Kurt Mumm and Vice-President Marcus Pitts are featured in the newest Midwest Real Estate Journal article, "Slowing Down in Des Moines." Mumm and Pitts discuss the impact of the recession on the Midwest market. They offer insight as well as advice on the slowing economy and its adverse affects on the lives of Iowa residents. With a combined experience of over 25 years in the Commercial Real Estate business, these two top players know what the market is made of.

To read the full article, please visit http://rejournals.com/news/212750-slowing-down-in-des-moines.

West Des Moines, Iowa: Agents to attend Global Retail Real Estate Convention in Las Vegas, Nevada

2009-05-13T16:25:00.004-05:00

NAI Ruhl & Ruhl Commercial Company’s agents Barb Hokel, CCIM, Marcus Pitts, Steve Scott, CCIM, Christopher Stafford, CCIM, and Chris Thomason have their bags packed for the May 17 ICSC Recon Convention in Las Vegas, NV. This four day intensive is tailored to discuss pressing issues from International development to opportunities in a downsizing market.

Scheduled to depart Sunday, Hokel, Pitts, Scott, Stafford, and Thomason will join more than 20,000 other top industry professionals to meet vendors, network, and discuss relevant market trends.

For more information on this event please visit the ICSC website at, http://www.icsc.org/2009SC/index.php.

Des Moines, IA: NAI Ruhl & Ruhl Commercial Co. is the proud new manager of historical Equitable Building in downtown Des Moines

2009-05-05T11:58:00.009-05:00

NAI Ruhl & Ruhl Commercial Company, Des Moines, IA, is the proud, new manager of the Equitable Building located at 604 Locust, in downtown Des Moines. President Kurt Mumm, CCIM, and Regional Vice President of Property Management, Gary Haverkamp, CPM, RPA, FMA, SMA, were handed the keys to this historical property late last week.

To read more please visit the Des Moines Register article, "Des Moines landmark hit with foreclosure."

Central Iowa Commercial Real Estate: A New Beginning for West Des Moines Office

2009-05-01T16:42:00.001-05:00

NAI Ruhl & Ruhl Commercial Co. hopes for a fresh start for the newly obtained listing, 6600 Westown Parkway in West Des Moines, IA.

Marcus Pitts, Matt Lundberg, CCIM, and Tom Knapp, CCIM, MAI are working closely with NLV Financial, the new owners whom acquired this foreclosed property on February 26, to keep this office building in working order. The Vermont-based financial firm does not plan on selling this property.

Six tenants currently occupy the 95,000 SF building. Pitts and Lundberg have recently walked several potential tenants, large and small, through the remaining office suites, that range between 2,000 and 23,000 SF.

The building’s high-end finish is covered by a 24-hour security key-card access, which includes a wellness center with locker rooms, and access to an on-site conference facility.

The visibility from I-80 helps pronounce the building's presence in the prominent West Des Moines “medical mile.”

Complimenting the buildings upscale exterior is its close proximity to Iowa Health’s West Hospital and Mercy Medical Center's 239,000-square-foot hospital project planned to be completed later this year.

The location is second to none nestled between Jordan Creek Town Center and one of Iowa’s fastest growing communities, Waukee.

"There's a strong owner in there that has no problem holding on. The main goal right now is to get it stabilized, get some good-quality tenants and move forward,” broker Matt Lundberg, CCIM stated for an April Des Moines Record article, “New Ownership Signifies New Beginning for Ex-Regency Office.”

The article also stated,

“We think the quality of the building and the location will speak for itself,” broker Marcus Pitts said.
Matt Lundberg said, "There have been a lot of rumors in circulation that they're trying to fire-sell it, or so-and-so is in control of it. It's nice to know that we're in control of management and brokerage.”
Pitts and Lundberg have worked with ownership to determine an aggressive lease rate at $12.00 PSF triple net. But with half of the building currently vacant, it's imperative to understand the nature of the present market. "It's not a time to be too proud of a property; you've got to be at market," Pitts quoted for the Business Record.

Tom Knapp, the property manager, is working hard to cut back on unnecessary costs to bring down the estimated operating expense of $9.25 PSF. Tom was quoted in the Des Moines Record article as being confident he could, “‘trim the fat’ in the next six to 12 months.”
NAI Ruhl & Ruhl Commercial Company has a long standing relationship with the community and the reputation to back. Being a full service brokerage and asset management firm they manage/broker over 3 million square feet in central Iowa.

Some of their properties include land around Jordan Creek Town Center, the Hub Tower in downtown Des Moines, and Urbandale Business Park which consists of 250,000 SF and 6 buildings.

Original article by: Todd Razor, “New Ownership Signifies New Beginning for Ex-Regency Office.” Or visit http://www.businessrecord.com/.