NAI Landmark through its Power Sale initiative with NAI Global and Higgenbotham Auctioneers is offering on May 1, 2009 a twelve acre commercial tract at Baxter Meadows in Bozeman. These tracts located at the corner of Davis and Baxter represent the gateway to the Baxter Meadows development. Zoned for high density commercial uses and combined with an exceptional location these tracts represent a significant value for immediate development.
The Baxter Meadows Development features a traditional neighborhood design combined with cutting edge technology services. Office, retail, restaurants and residential areas will all be within walking distances. Office space as well as mixed use residential will be an integral part of the Baxter Meadows development project. Businesses will have access to services such as high-speed data up to 1,000 Mbps, IP streaming media, video conferencing and telephone and cable services from LightNex Communications.
Click here to view larger aerial view.
Contact Steve Olson for more information. Steve can be reached via email (Steve.Olson@NAILandmark.com) or phone 406.556.5072
Robyn Erlenbush, Broker Owner, Steve Olson, Broker, and Chris Pope, Sales Associate of NAI Landmark recently attended the Annual NAI Global Convention in Las Vegas, Nevada. The convention brought together commercial representatives from over 375 NAI offices in 55 countries.
The highlight of the convention included the announcement of the NAI Commercial Property Power SaleTM. NAI Global has teamed up with Higgenbotham Auctioneers to create a program that combines Auctions and Sealed Bids with new state of the art technology and techniques to offer a unique selling tool that anyone can use to dispose of or purchase assets, leases or packaged loans quickly and easily anywhere in the United States.
NAI Landmark associates also attended networking and educational sessions focused on the future of the commercial real estate industry, and marketing in an electronic world. NAI Global Chief Economist Dr. Peter Linneman-renowned strategic advisor, author and leading real estate consultant-was the keynote speaker.
About NAI Landmark
NAI Landmark is a full-service commercial real estate brokerage and advisory firm serving Bozeman, Big Sky and southwestern Montana. The firm specializes in office and retail leasing, commercial property sales, 1031 Exchange properties, development assistance, site selection services, business valuation and buyer representation.
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 325 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.
Vern Bitz
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Ardi DeVries
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Christopher Pope
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Steve Olson
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When things were great and your commercial property was 100% leased there were few worries. Operating Expenses were a necessary evil and besides, your brother in-law was handling the landscape maintenance and janitorial. 
But now, with looming vacancies, late lease payments and lower market rents - it is time to scrub the expenses. Your lender is looking for a plan. You need to be proactive and if you have the dreaded late mortgage payment conversation, you can demonstrate a determined plan to keep your property running efficiently.
No, your lender does not want to foreclose, in fact that is the last thing they want. What they want is to be able to present to the powers that be a proactive solution driven plan. So, pull out the Profit & Loss and a wire brush and get to work.
For more information about how to "Scrub the Expenses" contact Steve Olson, Broker & Business Director for NAI Landmark in Bozeman, Montana. Call or email Steve today! 406-556-5074 or Steve.Olson@NAILandmark.com
Volume of Delinquent/Defaulted CMBS Loans Could Triple in 2009
The distressed loan situation in commercial real estate is taking a striking turn for the worse, according to a CoStar Group analysis of December loan information on more than 83,000 loans in commercial mortgage backed securities.
The level of distressed loans in the CMBS universe was at historically low, and unsustainable levels, in 2008 - less than 1% of outstanding loans. That compares favorably to the level of commercial real estate distress in bank and thrifts where distressed properties made up about 2.32% of their nonresidential portfolios as of Sept. 30.
However, that level of safety in the CMBS universe looks like it could be eroding rapidly.
The amount of loans placed in special servicing - generally an indication of a delinquency or failure to pay off a mature loan - rose dramatically in the fourth quarter - from about $400 million per month in September to more than $1.6 billion in November.
And that trend is likely to continue in the near term as the number of loans identified by CMBS servicers as having potential credit issues more than doubled from about $3.5 billion per month to about $7.5 billion in November.
In preparation for its first market outlook presented last week, CoStar also undertook its first-ever analysis of delinquent and distressed properties in the CMBS market, examining loans with a total value of more than $700 billion.
Read the article with graphs here. Special thanks to CoStar Group, Mark Heschmeyer & Steve Olson.
Bozeman, Montana, August 13, 2008 - Prospera Business Network announced today that the Bozeman City Commission has approved the economic development organization's proposal to lead the development of an Economic Development Plan for the City of Bozeman. As a result, Prospera will be conducting economic research on the City, interviewing a broad spectrum of business leaders, key stakeholders and surveying interested citizens. The process is expected to take six months and will produce a detailed document, in addition to a chapter on economic development for the update to the City of Bozeman's 2020
Community Plan.
"We appreciate the support of the City Commissioners and we are excited to take the lead on this important initiative," said Prospera CEO Bob Hietala. "Throughout this process, we intend to work closely with the Bozeman Area Chamber of Commerce and other organizations to be involved in the process, to provide input and to make specific recommendations for the plan," Hietala continued. "Prospera has a successful record of completing economic development research and this new project is a natural fit with our capabilities and is perfectly in line with our mission to support the economic development of Bozeman and the surrounding area," added Kathleen Tonkovich, Prospera's Board President.
Prospera's economic development research and publications include their Annual Economic Profile of Gallatin and Park Counties, their quarterly Bozeman Cost of Living Report, Manufacturing and Technology Company Surveys, and the Prospera Business Resource and Relocation Guide.
ABOUT PROSPERA BUSINESS NETWORK
Prospera Business Network is a private, non-profit, member supported economic development organization in southwestern Montana. Originally established in 1985 as the Gallatin Development Corporation, Prospera plays a leading role in economic development serving a region that is one of the fastest growing economic areas in the northern Rocky Mountains. Prospera is dedicated to encouraging and supporting business expansion, retention and relocation by providing access to business consulting, capital, professional development and economic research. To learn more about Prospera Business Network, visit: www.ProsperaBusinessNetwork.com
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NAI Landmark represents a local, regional and national client base that has been developed over 30 years of service as ERA Landmark Commercial. Call 406.556.5005 email info@nailandmark.com
NAI Global Selects Landmark Commercial to Serve the Greater Bozeman, Montana, Region
PRINCETON, NJ, September 24, 2008 - NAI Global, the world's premier managed network of commercial real estate firms and one of the largest real estate service providers worldwide, announced today it enhanced its coverage in Montana with the signing of Landmark Commercial. The firm will now be known as NAI Landmark.
NAI Landmark is a full-service commercial real estate brokerage and advisory firm serving Bozeman, Big Sky and southwestern Montana. The firm specializes in office and retail leasing, commercial property sales, 1031 Exchange properties, development assistance, site selection services, business valuation and buyer representation. "NAI Landmark's team-oriented approach and client focus has helped them become a leading firm in the greater Bozeman marketplace," said NAI Global Executive Vice President David Blanchard. "Their business model helps expedite clients' entry into their market, provides a valuable historic perspective on the community and accelerates disposition and acquisition of properties, making NAI Landmark an important piece of the NAI Global network."
With daily non-stop air service to major metro markets and located on the Interstate-90 corridor, Bozeman is an emerging regional trade and medical center in the Rocky Mountain West area. The market's well-educated employee base, strong population growth and economic stability position Bozeman as an ideal location for corporations looking to expand in the region.
"The NAI Landmark team's market knowledge, connection to the business community and experience truly sets us apart from the competition as we focus on creating results for our clients," said Robyn Erlenbush, Broker Owner, NAI Landmark. "We are excited for the opportunity to offer real estate services to national companies headquartered in the Bozeman area by leveraging the NAI Global network and our local market knowledge." NAI Landmark is located at 1811 West Dickerson in Bozeman. Headquartered in Princeton, New Jersey, NAI Global manages a network of 325 offices and 5,000 professionals in 55 countries across the globe.
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 325 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.
Contact: Peter Setaro, 609-945-4086 or psetaro@naiglobal.com
To Connect with NAI Landmark Bozeman Commercial Real Estate, please call 406-556-5005 or info@nailandmark.com
ERA Landmark is proud to offer the most comprehensive commercial real estate website in SW Montana. Our caring team of professionals possess extensive market knowledge that is unmatched in the market place. Our goal is to provide top-of-the-market (timely), accurate and detailed information on your business investments. We have working relationships with all brokers in the surrounding area and can help you with any property in this region. Whether you seek to purchase, lease or sell, we are your one-stop for any commercial needs. We look forward to serving your needs in the near future.
Our professional services include:
NAI Landmark Bozeman Commercial Real Estate
1811 W. Dickerson #17
Bozeman, MT 59715
406-556-5005
800-788-2372
info@nailandmark.com
NAI ReStore was featured in the September issue of Shopping Center Business Magazine. NAI ReStore is the special business unit created to provide regional, national and international clients with a corporate services approach to retail real estate services, and to leverage our many local relationships with retailers into national and global accounts. NAI ReStore President David Solomon and NAI Analytics VP George Anderson discuss the unique resources NAI brings to cross-border market analysis, site selection and acquisition/disposition.
Click here to view the article.
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