Archive for July, 2015

30 Jul 2015

Waverly hospital to build Janesville clinic

Janesville Aerial By: Pat Kinney Source: Waterloo Cedar Falls Courier JANESVILLE | A new medical clinic may be the next step for good things yet to come in Janesville. Waverly Health Center of Waverly and Lockard Cos. of Cedar Falls will break ground at 8:15 a.m. Monday on a new 3,400 square foot medical clinic, believed to be the first primary care facility of its size in Janesville. Located next to a new State Bank branch building which opened there in December, the clinic is part of a larger 25-acre site that could be the scene of additional commercial and residential development in Janesville, which skirts the Bremer and Black hawk county lines between Cedar Falls and Waverly on U.S. Highway 218.
29 Jul 2015

Lockard Development and Waverly Health Center agree on terms for Janesville, IA Health Clinic.

WaverlyHealthCenter LogoLockard Development and Waverly Health Center agree on terms for Janesville, IA Health Clinic. Janesville, IA (July 29, 2015) – Lockard Development Inc., LLC and Waverly Health Center agreed on terms for a 3,410 sf medical clinic to be built on 1.5 acres of land located at 202 Wildcat Way in Janesville, IA.  Lockard has been retained to oversee the construction of the Janesville Clinic which is scheduled to open the winter of 2015. The Janesville Clinic will fill a need to provide immediate, local, family health care services in a patient-centered setting.  “We couldn’t be happier to help bring much needed localized health care services to the residents of Janesville,” said Robert Smith, CCIM, SIOR, and President of Lockard.  “It is always a joy to work with our local communities and business leaders in providing services that align with our mission of enhancing the quality of life in the communities we serve.”
17 Jul 2015

Advancements in memory care require more modern care facilities.

Western Home Communities Memory Care Cottages Cedar Falls, IA 1By: Robert Smith, President, Lockard The care for sufferers of Alzheimer’s and other forms of dementia has vastly improved in recent years. Whereas institutions were once designed mostly to severely restrict Alzheimer’s patient’s movement and their ability to wander off, many facilities today are being built with the goal of helping them maintain a high quality of life. These new facilities are known as Memory Care Units.  These facilities are designed to meet the specific needs of the estimated 5.3 million people with Alzheimer’s or Chronic Confusion and Dementing Illness (CCDI) in the U.S. Some of the advances in the design of the memory care facilities include:
  • Open floor plans that facilitate easy navigation; no more long corridors with dead ends that may confuse patients
  • Limited office space so nurses can easily be found in common areas
10 Jul 2015

Texas was the top U.S. commercial real estate market last year

NB_17StateFarm4.jpgMore than $41 billion was spent in the Texas commercial real state market last year.

By: Steve Brown Source: The Dallas Morning News

Last year was the best time for commercial real estate in seven years, according to a new study.

And Texas was the top commercial property market in the country, a report by NAIOP, the Commercial Real Estate Development Association, finds.

The industry group said that commercial real estate’s contribution to the national economy rose by 40 percent in 2014 from the previous year.

Commercial property direct expenditures for 2014 added up to $174.31 billion – the greatest volume since before the recession.

And the industry supported almost 4 million jobs nationwide.

“The industry is getting back to full health and making an even bigger contribution to our national economy, but it still has plenty of room to grow,” Thomas J. Bisacquino, NAIOP president and CEO, said in a statement. “Office and industrial l were very strong and we believe the activity in these areas will keep accelerating.”

Texas by far had the largest direct commercial real estate expenditures last year – almost $42 billion. And more than 776,000 of the state’s jobs were derived in part or all from commercial real estate.

California was a distant second with $13 billion, followed by New York with $10.5 billion.
9 Jul 2015

Fort Worth Renaissance

Hap Bagget assembles a a group of partners bent on changing the face of southeast Fort Worth.

By: Paul K. HarralFort Worth Renaissance Some boys never get over playing in the dirt. Happy Baggett is one. It’s just that the amount of dirt he’s playing with these days is measured in acres. Lots of acres. He’s the driving force behind Renaissance Square, a massive development at Berry Street and U.S. Highway 287 that is bringing shopping, health care and housing to one of the most undeserved and poorest areas of Fort Worth. It started as a business deal, and while it is still that, it has morphed into a project bringing together many different interests in Fort Worth, in Texas and from across the country that is remaking the face and fabric of Southeast Fort Worth. Investors  Mark  and  Shauna Trieb  were  vacationing  in  Italy in  2006  when  they  decided  to participate  in  the  deal  without ever seeing the land. They initially expected   to   hold   the   land   for perhaps three years and make a killing on the investment. “That’s what our intention was,” Mark Trieb said. “Our intention changed. Our intention now is to create a sort of a master planned community in the inner city of Southeast Fort Worth that  will  bring  together  families and kids in an environment that is supported by a number of diff rent healthy attributes, and cradle-to-college education.”