Teen Challenge purchased a 14,314 square foot office building located at 1723 S. Horton Street in Nampa, Idaho.
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BPM Investments, LLC Purchases 30,000 sq. ft. Industrial Building
BPM Investments, LLC purchased a 30,000 square foot industrial building located at 1602 Freedom Ave. in the Sky Ranch Business Park, Caldwell, Idaho.
Thornton Oliver Keller Adds Two New CCIMs
Holly Chetwood and Laurie Reynoldson of Thornton Oliver Keller recently received the highly coveted CCIM designation for their excellence and experience in commercial real estate. CCIM stands for Certified Commercial Investment Member and is a global community of 13,000 members comprised of 50 chapters in 30 countries. Members are considered leading experts in financial & market analysis and investment strategy.
Commercial Construction Booming in Twin Falls
2018 has been a booming year for commercial construction in Twin Falls. According to The East Idaho Business Journal, the number of new commercial buildings has nearly doubled from 2017. There have been 59 new commercial building permits issued this year with an estimated total value of $63 million.
Tyler Industries Leases Space at 2167 Centurion Place in Boise
Tyler Industries, Inc. leased 1,040 square feet of industrial space in Centurion Building C located at 2167 Centurion Place in Boise, Idaho. Tyler Industries provides custom manufacturing of computer components. Gavin Phillips and Chris Pearson, SIOR of Thornton Oliver Keller Commercial Real Estate facilitated the transaction.
Rural Haze, LLC Opens in Nampa
Rural Haze, LLC leased 3,092 square feet of space at 3621 E. Newby Street in Nampa, Idaho. Rural Haze provides sales of apparel and footwear. Chris Pearson, SIOR of Thornton Oliver Keller Commercial Real Estate facilitated the transaction.
Residential Living Options Explode!
For years I've heard from people arriving in Boise from out-of-state, that they were shocked by the lack of urban living options in downtown. As of 2018, that is no longer a concern. There are now over 1,000 dwelling units under construction or planned in the downtown submarket. This is a big market indicator for retailers because these are the people who will be spending their money in this submarket with increasing frequency and will spread across more categories than the 9-5, M-F demographic which only works in downtown Boise.
Downtown Boise Hotels Can't Keep Pace With Demand
There’s just something about a downtown culture that can’t be replicated. You can’t plug in a formula and mass produce Boise’s downtown scene anywhere else across the country. This is what makes doing business in a downtown setting so unique and rewarding. A majority of our retailers are local, and a majority of our patrons are loyal to local. This is special and worth protecting while we foster productive growth in our city. We are naturally experiencing a nice balance of local, regional, and national retailers in the downtown core and that’s not by accident.
Salvation Army Sells North End School Property
The sale of the Salvation Army’s Marian Pritchett School property located in Boise's North End was just finalized. John Stevens, CCIM, a partner at Thornton Oliver Keller who specializes in commercial real estate investment property, represented the Salvation Army. The Idaho Business Review wrote a very informative article about the property's sale.
Former Kmart Space Fully Leased
The former Kmart building located on Fairview Avenue in west Boise is now fully occupied. The building's new tenant, Woodland Kids, leased the last available 12,000 square feet.