Archive for May, 2009
Business Park For Sale – 33.98 Acres – Wausau, WI
For Sale: 33.98 Acres zoned Commercial – Business Park It is part of the Town of Maine’s business park plan at the intersection of County Road K and county Road WW. A survey map is available with development details. This sale consist of two parcels which are to be sold together. The property is less than a mile from Hwy-51 & 39 at exit 197 & Hwy-WW north of Wausau. Sale price is $509,000. For additonal information and brochure please click. This property is listed by Ark Rhowmine of Grubb & Ellis | Pfefferle of Wausau WI is located at 6585 County Road Wausau, WI.
Where the Jobs Are, Part Two
Employers in health care and social assistance, educational services, and government have added a combined 836,800 net payroll jobs since the recession began in December 2007, as discussed in last week’s Good News Friday. What about the geographical distribution of job changes; have any states generated jobs since the recession began? Texas, Oklahoma,
Wyoming, North Dakota and Alaska have more jobs in March 2009 than they did in December 2007 thanks to high energy and commodity prices that extended through most of 2008. The District of Columbia, with its reliance on the federal government, also added jobs. Since the recession worsened in September 2008, even these stalwarts have lost jobs with the exception of Alaska and North Dakota. Nevertheless, the recession is likely to be shallower in this region of the country. Which states will bounce back more quickly when the recession ends? Look for metropolitan areas specializing in technology, biotech and renewable energy and those able to attract young, educated workers to prosper in the long run – areas like Seattle, Portland, San Francisco, Silicon Valley, San Diego, Denver, Austin, Raleigh-Durham, the greater D.C. area and Boston. Recent articles in The Atlantic and The Wall Street Journal discuss which areas are likely to enjoy a competitive long-term advantage. But don’t count out other markets for real estate investment opportunities (debt or equity), particularly those with high barriers to entry. Cap rate spreads between primary, secondary and tertiary markets, which had compressed during the bubble years, are expected to widen again, meaning that secondary and tertiary markets may begin to offer more attractive yields – a greater risk premium – relative to primary markets.
Source: Robert Bach, SVP, Chief Economist, Grubb & Ellis
Build a Rain Barrel Workshop
The Village of Weston is sponsoring a workshop to learn how to build a rain barrel, Saturday, May 30th, from 9:00
a.m. to 10:30 a.m. at the Weston Municipal Center. Learn how a rain barrel can help conserve water and keep our lakes & streams clean at the upcoming workshop, then build a barrel to take home. Along with the benefits of reducing pollution, rain barrels also reduce your dependence on the water utility for irrigation water – lowering your water bill and saving energy. While it may seem small, everything we can do to cut back on water used for irrigation translates to reducing the need for more water pumping and storage capacity and translates to lower costs. Seating is limited. To register contact Kris Tiles, UW-Extension Basin Educator for Natural Resources at 715.261.1254. Cost is $15.
DC Everest High School Builds a Habitat for Humanity Home
Another Habitat for Humanity home hits the foundation. Friday, May 8th at 7:00 a.m. it started at the DC Everest High School, the Habitat home was loaded in two parts on to trucks and moved to 2202 Oregon Trail in Kronenwetter. Where a crane lifted it over and set it on to it’s foundation. All by 12:30 p.m. By 3:00 p.m. the students finished putting on the roof cap and vent, installing lower level windows, and putting on the house wrap.
This is the first of three homes this year being constructed by local high schools. The other are Wausau East and Mosinee High Schools, which will be transported over the next two weeks.
A special thank you is in order to Wausau Homes for donating the transport trucks for moving the homes from the schools to each home site.
Safety Tip at The Workplace: How To Use The Fire Extinguisher.
There are may safety issues at the workplace whether in the office or on the warehouse floor. One major issue is Fire Safety and the use of the Fire Extinguisher. All employees should once a year go through Fire Safety. There are few is safety factors that all employees should know by heart about Fire Safety. The first and foremost is the use of the fire extinguisher. Each employee should know the location of the closest Fire Extinguisher to their workstation. And second, each should know how to use the extinguisher. Many have a fear of the fire extinguisher as if it were a bomb that will explode when they touch. As a matter of fact it is so simple to use that grade school children can use one (depending on its size).
To keep it simple, one only needs to remember the acronym P.A.S.S.:
- P – Pull the pin.
- A – Aim the fire extinguisher at the base of the fire, not the top.
- S - Squeeze the trigger. In short blasts. This makes the extinguisher last longer.
- S – Sweep the spray of fire extinguisher back and fore across the base of the fire.
Once a year all employees should attend a fire safety meeting to practice with a fire extinguisher. A good place to practice is in the parking lot during. It is less messy there. Please consider the cost of having an extinguisher recharged is nominal compared to the cost of fire damage or injury or even death. You may contact your local Fire Department for an on site training. Most Fire Departments have training programs already in place to come to the worksite.
In addition the knowing how to use an fire extinguisher, all employess should know the location of the nearest exit and where to meet to outside the building. This is first of additional Safety at The Workplace post.
Good News Friday – Synergies
Synergies
Two economic reports released this week suggest that some of the pieces of the recovery puzzle are coming together.
- On Wednesday, the U.S. Bureau of Economic Analysis released its advance estimate of first quarter gross domestic product, stating that GDP continued to fall rapidly at an annualized rate of 6.1 percent. However, personal consumption expenditures, which account for 70 percent of GDP, increased by 2.2 percent, the strongest growth since the first quarter of 2007. Furthermore, inventory reduction subtracted 2.8 percentage points from top-line GDP. The lean level of inventories suggests that factories may need to boost production while retailers may need to restock if personal consumption expenditures continue to grow in the coming quarters.
- On Tuesday, the Conference Board announced that its index of consumer confidence increased for a second consecutive month, led by the expectations component, which spiked from 30.2 in March to 49.5 in April.
The rebounds in consumer confidence and personal consumption expenditures, if they can be sustained, are likely to multiply the impact of the American Recovery and Reinvestment Act – the $787 billion stimulus package passed by Congress and signed into law by the Obama administration. The Congressional Budget Office forecasts that the ARRA will raise GDP in the range of 1.4 to 3.8 percentage points above a do-nothing scenario by year-end 2009 and create payroll job gains in the range of 800,000 to 2.3 million. If confidence returns and spending continues, the impact of the stimulus package will fall near the upper end of these ranges, creating a bigger bang per stimulus buck.
Source: Robert Bach, SVP, Chief Economist, Grubb & Ellis
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