Industrial Market Welcomes Ravenswood Solutions

Submitted by Anonymous (not verified) on Thu, 03/28/2019 - 12:03

A new company is coming to the Boise market. Ravenswood Solutions, a California-based company that specializes in GPS-based mobile instrumentation systems for the military, is expanding its operations to the Airport submarket, where industrial vacancy is currently 2.6%.

The company is moving into 105,000 square feet of industrial space at 645 East Gowen Road and plans to use the facility to maintain and test equipment. Tenant improvements at the site are currently underway.  Ravenswood Solutions expects to be hiring throughout 2019.

Idaho Falls 2018 CRE Market, A Brief Summary

Submitted by Anonymous (not verified) on Mon, 03/25/2019 - 06:03

2018 was a good year for office construction, which experienced an increase of 62,000 more square feet than in 2017.  The top 3 projects contributing to this increase were 27,500 SF at 3302 Valencia Dr. (Bingham Memorial Hospital); 22,973 SF at 1460 Elk Creek Dr. (Connections Therapy); and 35,000 SF at 1207 S. 25th (CAL Ranch). 

Evaluating the "Shopko Effect"

Submitted by Anonymous (not verified) on Tue, 03/19/2019 - 03:03

The overall retail vacancy has oscillated in the mid-7 to mid-8 percentage range for the last 2 years. However, the next two months will witness large back-to-back vacancy increases with the closure of the three Treasure Valley Shopko sites. The 95,000 SF Shopko on Fairview will close this March.  In April, the Nampa and Broadway Shopkos are also expected to close, totaling 191,000 SF.

In addition to increasing the vacancy rate, these large vacancies will also dramatically decrease net absorption which is currently -83,000 SF for 2019.

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250 S 5th Street, 2nd Floor
Boise, Idaho 83702
Main Phone: 208.378.4600
 

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Nampa, Idaho 83687
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