The MEDIA Act: Blank Check? Not Quite. Claire Matten shares how the MEDIA Act works. In the last 18 months, the film industry boosted Montana’s economy – to the tune of forty-seven million dollars. And looking ahead, the Yellowstone Film Ranch near Livingston is gearing up to host a projected three to four major motion […]
TIF Gets Taken to Task: How Does That Work?
There have been a lot of changes at the Southgate Mall in Missoula over the past few years. A dine-in movie theater and a newly connected street were recent additions to the area. But this project got pushback shortly after these completion because of a TIF-related public opposition. In the final part of our series […]
CRE Terms 101: What’s Absorption?
Absorption, infill, adaptive reuse – what does that mean? You’ve heard it before, or maybe you already know from experience: investing in real estate builds wealth. And while diving into the world of commercial real estate investments may seem unachievable, there are ways to start small and build a portfolio over time. To get there, […]
The Old Post Returns: Hey What’s That Missoula?
The Old Post rides again, a new coffee option on Russell and mask acne might be a distant memory thanks to new spas. Get more content like this in Sterling CRE’s newsletter. Sign up here. Hey, What’s That Missoula? There’s good news and bad news. The good news is, lots of new food options are […]
What Does Cap Rate Mean?
Cap rate, NOI, ROI: what does it all mean? You’ve heard it before, or maybe you already know from experience: investing in real estate builds wealth. And while diving into the world of commercial real estate investments may seem unachievable, there are ways to start small and build a portfolio over time. To get there, […]
How Does That Work? TIF, Blight and Property Values
In TIF 102 of our series on TIF funding, we’re going to go over more of TIF basics. Now, before we get started, it’s important to note that Sterling CRE works on commercial sales and developments that involve TIF funds. From our experience, we know TIF projects aren’t all good and they aren’t […]
What’s Good, Montana? Big Sky Fulfillment Expands
Big Sky Fulfillment Partners with Bonner Mill Site, Looks to Double Staff The popularity of subscription boxes propelled Big Sky Fulfillment from shipping a few thousand pieces every month to sending out tens of thousands of boxes. As he prepares to move operations to a 60,000 square foot space at the Bonner Mill Industrial Park, […]
How Does That Work? Tax Increment Financing
Here’s a term you’ve probably heard in the news: Tax Increment Financing, or TIF. What is TIF? Why is it so controversial? How does that work? In part one of our series on TIF funding, we’re going to go over the basics. Let’s call this TIF 101. Before we get started, it’s important to note […]
Missoula Apartments: Market Report | Q3 2020
What’s Up with Apartments in Missoula? A survey of over 5,600 market rate apartment units in Missoula found a vacancy rate of 1.2%. The survey also found increasing rents and no incentives. “Last year at this same time, the vacancy rate was 3.3%,” said Matt Mellott of Sterling CRE Advisors. “Everyone in the rental […]
Missoula Apartment Vacancy Report | Q3 2020
Research Confirms Missoula Apartment Vacancy Woes A survey of over 5,600 market rate apartment units in Missoula found a vacancy rate of 1.2%. The survey also found increasing rents and no incentives. “Last year at this same time, the vacancy rate was 3.3%,” said Matt Mellott of Sterling CRE Advisors. “Everyone in the rental market […]