The newest round of tariffs on China went into effect this weekend, and a couple of major retailers are in surprisingly good position to accommodate them. Source: These Retailers Aren’t Sweating The New Tariffs
Read MoreMartens Appraisal typically performs over 600 appraisal reports per year and we are often confronted with a situation where we performed a report for one client and now another party is looking to get their own opinion of value on the property. This request is usually for us to “readdress” the report to the new client. Or we may be asked to “recertify the value” for the new client. Another request we get is to “update” a report we have done previously for a new client. There is a lot…
Read MoreLee Whyte, MAI recently completed an appraisal report on a large shopping center in Wichita, Kansas. The appraisal was prepared for traditional financing purposes. Although the process of appraising shopping centers is straightforward, they are still complex properties. In order to get an accurate valuation, an appraiser must have a great deal of market knowledge and retail tenants as well as recent comparables. Martens Appraisal prides itself on having the most up to date information available on the Wichita, Kansas market. Our full-time research staff is hard at work making…
Read MoreOverall Economic ActivityEconomic activity continued to expand at a modest pace overall from mid-May through early July, with little change from the prior reporting period. In most Districts, sales of retail goods increased slightly overall, although vehicle sales were flat. Activity in the nonfinancial services sector rose further. Tourism activity was broadly solid, with Atlanta and Richmond recording robust growth in this sector. Although some Districts continued to report healthy expansion in the transportation sector, others noted that activity declined modestly. On balance, home sales picked up somewhat, but residential…
Read MoreWe are proud to present our second quarter transactions report. We took part in more than 35 transactions during Q2. Thank you to our clients for choosing to trust us with you commercial real estate needs! Q2-2019 Transactions Report Having trouble viewing this report? Click here ABOUT NAI MARTENS NAI Martens is the largest full-service commercial real estate firm in Kansas. Founded in 1948 and headquartered in Wichita, NAI Martens provides a vast array of commercial real estate services throughout south-central Kansas and Topeka. NAI Martens is led by CEO…
Read MoreJoshua Adamson recently completed appraisals on a portfolio of automotive dealerships in Sedgwick County. The reports were prepared for estate purposes. Automotive dealerships are special use properties that may present unique challenges to the valuation process. Joshua’s nearly fifteen years of experience allows him to understand the intricacies of this property type as well as trends in the automotive industry and local market which affect properties where vehicles are sold. Over the last 10 years, Joshua has completed over 120 appraisals on new and pre-owned automobile dealerships across the state of…
Read MoreOverall Economic Activity Economic activity expanded at a modest pace overall from April through mid-May, a slight improvement over the previous period. Almost all Districts reported some growth, and a few saw moderate gains in activity. Manufacturing reports were generally positive, but some Districts noted signs of slowing activity and a more uncertain outlook among contacts. Residential construction and real estate both showed overall growth, but both sectors saw wide variation in sentiment across Districts. Reports on consumer spending were generally positive but tempered. Tourism activity was stronger, especially in…
Read MoreNAI Martens is proud to announce the sale of the Parkwood Inn & Suites in Manhattan, Kansas. Troy Farha, Vice President of Retail and Investments with NAI Martens, represented the seller in the transaction. Recently, Farha brokered the sale the former Days Inn and the former Regency Inn in Pratt, Kansas. In 2017 he handled the sale of three hotel properties, including the Northrock Suites and Wichita Inn North. Farha has worked on a number of notable hospitality projects recently, including site selection for the new Best Western Plus West Lawrence,…
Read More“Wichita has had its distinctive city flag since 1937, but until recently, nobody really thought much about it. Then, everything changed. All of a sudden, the flag — featuring red and white rays flowing from a blue sun bearing a Native American symbol meaning “home”— was everywhere. 435 Mag spent a weekend in Wichita and walked away impressed (We are not surprised!). Here are the things they liked and maybe you can find something new to do this weekend!
Read MoreAccording to CBRE Research, commercial real estate lending activity in the U.S. was strong in the first quarter of 2019, with equity and debt markets calmed by the Federal Reserve’s decision to hold firm on rates. The CBRE Lending Momentum Index, which tracks the pace of commercial loan closings in the U.S, was relatively unaffected in Q1 2019 reaching 239–an increase of 17.9 percent year-over-year. “Despite recent volatility in the debt and equity markets, the Fed’s decision to leave borrowing costs unchanged has created a favorable commercial lending environment and…
Read More
