News Lockard Online

28 Jan 2014

Commercial real estate stats point to a Broncos victory

By Marc Stiles Staff Writer-Puget Sound Business Journal

Source: http://www.bizjournals.com/seattle/news/2014/01/27/commercial-real-estate-stats-point-to.html

Commercial real estate services company Jones Lang LaSalle and football legend Roger Staubach, executive chairman of JLL’s operations in the Americas, are predicting that Seattle will lose the Super Bowl.

The reason: Seattle’s commercial office market is healthier than Denver’s.

Before you holler hooey, you should know that in the last 13 Super Bowls, teams in cities with more vacant office space have won the big game 62 percent of the time, according to JLL.

16 Jan 2014

U.S. Property Markets Post Strongest Sales Volume Since 2007

Lodging, Office Sectors See Strongest Gains as Yield-Seeking Investors Target All Types of CRE Across Broad Array of Markets

By Randyl Drummer

Source: CoStar Advisor News Letter 

For buyers and sellers of commercial property, 2013  was a very good year. Total commercial real estatesales are projected to be more than 18% higher in 2013 from the previous year as U.S. property fundamentals and the economy continued to improve and investors in all property types fanned out into smaller markets in search of higher returns, according to preliminary CoStar COMPs transaction volume.

Sales of office, industrial, retail, multifamily, hospitality and land totaled $366 billion in 2013, 17% higher than the $312.4 billion in property that changed hands in 2012, based on property transactions of all sizes that closed by Dec. 31, 2013 and were recorded by CoStar Comps as of Jan. 15, 2014. CoStar is continuing to track down and tabulate additional 2013 property transaction activity, which is expected to boost total sales for 2013 to nearly $370 billion when all transactions are counted.

6 Jan 2014

Expanding Educational Opportunities: Lockard to Deliver FORTIS College Facility in Mobile, AL.

Cedar Falls, IA, January 6, 2014 – FORTIS College is expanding its educational reach in Mobile, AL.  FORTIS has entered into an agreement with Lockard who will deliver a new educational facility located at 7033 Airport Blvd., Mobile, AL, the former Haverty’s Furniture Store.   Upon completion, FORTIS will consolidate all healthcare programs from their two older campuses in Mobile to the new campus on Airport Blvd. in Summer 2014.

Lockard has been retained to oversee the conversion of the 65,000 sf facility located on Airport Blvd. into a state of the art healthcare educational facility by summer 2014. “Projects where we re-purpose older buildings and facilities to state of the art centers for education align well with our core values,” said Ken Lockard, Chairman of Lockard.  “We enjoy opportunities that transform commercial real estate to help improve the quality of life in the surrounding community.”

3 Jan 2014

Corporate Social Responsibility Weekly Recap (December 25, 2013 – January 1, 2014)

by Business Wire Corporate Social Responsibility Editors



Source: http://www.businesswire.com/news/home/20140103005053/en#.UsbIpfRDs1I




NEW YORK–()–The following releases focus on Corporate Social Responsibility and moved during the week of December 25, 2013 – January 1, 2014.



BOSTON — First Wind Continues Community Outreach Program through DonorsChoose.org to Provide Assistance to Classroom Teachers(December 30, 2013 09:00 AM) Source: First Wind



DEERFIELD, Ill. — Walgreens Earns Top Marks in 2014 Corporate Equality Index (December 26, 2013 03:18 PM) Source: Walgreens



OSAKA, Japan — Panasonic Has Launched a “Cut Out the Darkness” Project to Deliver Solar Lanterns and Shades to Non-Electrified Regions Based on the Designs Contributed from All over the World (December 25, 2013 03:56 AM) Source: Panasonic Corporation



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23 Dec 2013

Residential component planned for Renaissance Square

by Scott Nishimura, Special Projects Reporter

source: Fort Worth Business Press 

The developer of the 200-acre Renaissance Square development in Southeast Fort Worth is closing in on an agreement to bring in Columbia Residential of Atlanta to build and manage 750 residential units.

Hap Baggett, who launched the development after buying the property at U.S. 287 and East Berry Street in 2005, said in an interview he expects to complete the agreement in January, with construction of some of the units beginning in March 2015.