Real Estate News Archives - Energy Real Estate Solutions, LLC

minot commercial real estate

Minot Commercial Real Estate Gut-check

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Minot commercial real estate activity steady as more activity shifts west

minot commercial real estateERES Founder & Managing Principal Mike Elliott provides his boots-on-the-ground insight into the Minot commercial real estate market, including where to find the current opportunities that produce high returns (with less risk). 

“The investors are coming to the market because they see potential for buying low and, hopefully, selling high,” said Mike Elliott, Managing Principal with Energy Real Estate Solutions, headquartered in Denver with an office in Williston. “The returns in this part of the world are much higher than most of the country.”

CLICK HERE to view the entire article from the Minot Daily News.

CLICK HERE to view current active commercial real estate listings in the Minot, ND market.

north dakota real estate

ERES Leadership Speak at Leading North Dakota Real Estate Conference

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Founder & Managing Principal Mike Elliott and Regional Property Manager Cheri Fox join other industry leaders at the Williston Area Real Estate Summit

Williston, ND  — November 13, 2017 — Energy Real Estate Solutions (ERES), a full-service real estate firm focused on providing brokerage, development, property management, construction management, and consulting services to North American energy markets, announced today that Founder & Managing Principal Mike Elliott and Regional Property Manager Cheri Fox will be speaking at the Williston Area Real Estate Summit: State Of The Market on November 14, 2017. This is the fourth consecutive year that ERES representatives have been asked to speak at the prominent real estate conference.

Joining Williston Mayor Howard Klug who kicks off the one-day event, Elliott and Fox will participate in two of five expert panels comprised of area real estate, investment and development professionals familiar with the Bakken market.

Elliott will lend his vast real estate knowledge to discuss the importance of retail, office and industrial properties in the Williston area. During his panel, Elliott will touch upon current and future leasing trends, new and existing development surrounding the Sloulin Field International Airport, current cap rates and ROI, and recent financing impacts.

Fox is utilizing her local property management expertise to provide attendees with a multifamily market gut-check, speaking on what drives the current market in apartment, senior housing, student housing, and workforce housing property sectors.

“Williston lies in the heart of the Bakken formation and has seen its fair share of meteoric real estate growth and stagnation. The current market is seeing a lot of positive activity, making this an impactful year for real estate investment and development,” says ERES Founder & Managing Principal Mike Elliott. “ERES has been embedded in this market for several years now and I am looking forward to sharing my unique energy-related perspective on what’s happening in the market.”

In 2017, Elliott teamed with over 200 unique energy companies and investors and provided energy-related real estate services in 13 states and three countries, including Williston where ERES has a regional office.  He spends nearly 95% percent of his time in energy markets to provide clients with a first-hand perspective on market conditions and trends.

For full agenda and information on the Williston Area Real Estate Summit, visit the event page.

To learn more about Elliott, Fox and Energy Real Estate Solutions, visit www.energyreco.com.

ABOUT ERES

As shale markets continue to become a larger and more meaningful part of the global energy outlook, real estate development has become increasingly difficult and time consuming to navigate. Energy Real Estate Solutions, LLC (ERES) is a full service commercial real estate firm focused on helping energy companies and investors to maximize their real estate portfolio, while allowing their focus to remain on other key operational concerns. For more information, visit www.energyreco.com.

Minot, ND | Prime Bakken Commercial and Development Property For Auction

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Prime Minot Real Estate Up For Auction on October 24th

OCTOBER 2, 2017 | MINOT, ND — Continental Auction Real Estate Solutions (CARES), in partnership with Energy Real Estate Solutions (ERES) presents an exciting auction opportunity for prime Bakken Commercial Property and Development tracts in Minot, North Dakota. On Tuesday, October 24, 2017 at 7:00 pm CDT, this prime real estate will be auctioned at the Grand Hotel in Minot, ND. Twelve properties are available, ranging from 5.1 to 160 acres in size. With utility access, highway 83 frontage, and commercial, industrial, and residential zoning, the opportunities for development are endless.

The Bakken oilfield play is a major driver for continued activity in North Dakota. It is estimated that over the next two decades, up to 20 billion dollars a year will be spent in state. Behind Texas, North Dakota is the second highest oil-producing state in the US. An updated oil and gas assessment was recently released by the US Geological Survey, estimating 7.4 billion barrels of undiscovered, technically recoverable oil. “Investing in Bakken real estate is a ‘forward-looking’ strategy that is bound to reap dividends as oil prices stabilize and markets continue to expand,” said Mike Elliott, Managing Director of ERES, a full service real estate firm specializing in the world’s most active energy sites.

Located in north central North Dakota, Minot is the county seat of Ward County and is the trading center for a large portion of northern North Dakota, southwestern Manitoba and southeastern
Saskatchewan. This pro-business community, creates an attractive dynamic for incoming businesses, services and families, as North Dakota currently has the lowest unemployment rate in the nation and over $80 million has been invested in new schools and expansions. Bakken drilling activity will continue to draw people to Minot, expanding the city in population and development. Ultimately, activity in the Bakken will surge in the need for housing, restaurants, retail, schools, transportation, and medical services, and the increase of suppliers to support this industry including rail, pipe, lumber, natural gas plants, and power.

CARES is an international auction company specializing in agriculture and commercial real estate in rural markets. “The auction process will offer a unique opportunity to the public and investors to acquire these properties at ‘fair market value’,” said Scott Tibble, of CARES.

For complete Property and Auction information, and online bidding information, visit: bakkenpropertiesauction.com

 ABOUT ERES

As shale markets continue to become a larger and more meaningful part of the global energy outlook, real estate development has become increasingly difficult and time consuming to navigate. Energy Real Estate Solutions, LLC (ERES) is a full service commercial real estate firm focused on helping energy companies and investors to maximize their real estate portfolio, while allowing their focus to remain on other key operational concerns.

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Joe Pierce Joins ERES as Key Leader of Brokerage Team

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Pierce expands ERES’ capabilities to provide on-the-ground brokerage expertise in Colorado and beyond

APRIL 4, 2017 — DENVER, CO —  Energy Real Estate Solutions (ERES), a full-service real estate firm focused on North American energy markets, announced today that Joe Pierce has joined the company as Vice President and a key member of its Brokerage team. Joe brings over 15 years of commercial real estate experience, first-hand knowledge of the energy industry and hands-on insight into key operational issues for businesses both large and small to the ERES team.

“Joe is the embodiment of everything we strive for at ERES,” said Mike Elliott, Managing Principal of ERES. “Integrity, deep insight into the energy industry and a willingness to roll up his sleeves to deliver the best possible solution for our clients. We are excited to have Joe as part of our growing team.”

Joe has extensive expertise with both public and private developers and owners, and a deep understanding of a wide spectrum of property types including office, industrial, medical and land. To date, he has led leasing efforts for nearly 60 properties totaling close to 7 million square feet and $200 million in gross revenue. His experience includes landlord and tenant representation, build to suit projects, dispositions, contract negotiations and market analysis.

Over the last two decades, Joe has served in leadership positions for a variety of real estate firms and organizations geared toward oilfield and energy services. His professional experience has given him on-the-ground exposure to some of the most active energy markets in the U.S. including Colorado, Wyoming and North Dakota.

Joe joins ERES in their Denver, Colorado headquarters. He lives in Colorado with his wife and two sons, and enjoys golf and coaching youth basketball and football.

 ABOUT ERES

As shale markets continue to become a larger and more meaningful part of the global energy outlook, real estate development has become increasingly difficult and time consuming to navigate. Energy Real Estate Solutions, LLC (ERES) is a full service commercial real estate firm focused on helping energy companies and investors to maximize their real estate portfolio, while allowing their focus to remain on other key operational concerns.

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ERES Launches New Location in Fort Worth, TX

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FORT WORTH, TX:  Energy Real Estate Solutions (ERES) is proud to announce the grand opening of its new office in Fort Worth, TX.  This marks the company’s second new office to be launched in Texas in the last three months and the fifth new office to be opened since the company’s inception in early 2014.  Along with its Midland location, the Fort Worth office will allow ERES to better serve its existing and future clients throughout the Permian Basin and the state of Texas, and will serve as a hub for all ERES service lines, including brokerage, project management, property and asset management, development, workforce housing and consulting.

“We are immensely proud of the growth our company has experienced during the past several years,” commented Mike Elliott, ERES Managing Principal.  Over the past year, we have serviced over 70 markets across three countries, and look forward to continue our expansion in 2017.”  ERES is currently growing its team in all of the company’s divisions to continue providing its client base with comprehensive service throughout North America.

The new office is located at 777 Main Street, Suite 600 in Fort Worth.  ERES has additional offices geared toward other emerging and developed energy markets located in Denver, CO, Williston, ND, Midland, TX and Bozeman, MT.

image-midland-office

ERES Announces Grand Opening of Midland, TX Office

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MIDLAND, TX:  Energy Real Estate Solutions (ERES) is proud to announce the grand opening of its new office in Midland, TX.  This location will be the future site of all Texas-based operations for the company’s full suite of commercial real estate services and will allow ERES to better serve its existing and future clients throughout Midland, the Permian Basin and the state of Texas.

The opening of the new office marks a year-long effort to further sharpen the company’s focus and strategy in Texas energy markets, where it has done a significant number of real estate, construction and property management projects since the company’s inception in 2014.

“Midland is truly the lifeblood of all energy activity in the southern part of the U.S.,” commented Mike Elliott, Managing Principal of ERES.  “Real estate activity in this area has remained relatively stable in this market despite the drop in oil prices.  Rigs have not seen the drastic decline in Midland as other markets have experienced.  With our new office established, we look forward to an increased ability to provide full scale real estate services to this market and others throughout Texas.”

The new office is located at 303 West Wall Street, Suite 1002 in Midland and is in the epicenter of downtown business activity.  ERES has three additional offices geared toward other emerging and developed energy markets located in Denver, CO, Williston, ND and Bozeman, MT.

Blog: Do Opportunistic Real Estate Investments Exist in Down Energy Markets?

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Do Opportunistic Real Estate Investments Exist in Down Energy Markets?  Where to Look for Deals…

By Tom Bradley | Executive Vice President | ERES | tom.bradley@energyreco.com

During the early days of the oil recession, investors assumed that it would only be a matter of time before distressed properties hit the market in hot areas like Williston, North Dakota and Midland, Texas. Some prime opportunities manifested themselves and created an overall favorable climate for investment, however, a true “fire sale” situation never materialized.
That said, one investment type has bucked the trends and provided more favorable opportunity for investors: Multifamily.  CLICK HERE TO READ MORE

ERES wins 2016 Best of Williston Award for Commercial Real Estate

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Energy Real Estate Solutions Receives 2016 “Best of Williston Award”

ERES awarded the top spot in the CRE category for the second year in a row

WILLISTON —  June 21, 2016 — Energy Real Estate Solutions has been selected for the 2016 Best of Williston Award in the Commercial Real Estate category by the Williston Award Program.  This marks the second year in a row that ERES has won this honor.

Each year, the Williston Award Program identifies companies that have achieved exceptional success in the local business community.  Winners must enhance the positive image of small business through excellent service to their customers and the Williston community, making the Williston area a better place to live, work and play.

Various sources of information were gathered and analyzed to choose the winners in each category. The 2016 Williston Award Program focuses on quality, not quantity. Winners are determined based on the information gathered both internally by the Williston Award Program and data provided by third parties within the Williston community.

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